Riddhi Steel & Tube Ltd IPO (Riddhi Steel IPO) Detail

Sep 2, 2016 - Sep 7, 2016

Incorporated in 2002, Riddhi Steel and Tube Ltd is engaged in the manufacturing of black and galvanized steel pipes. Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal.They also manufacture steel square hollow sections (SHS) and rectangular hollow sections (RHS) in a various size and thickness.

Company's products are used in water, oil, air and gas transportation, agro based industries, public health, construction, structural, scaffolding, and irrigation and engineering industries and power sector, fire fighting applications, etc. Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum.The major customers of the Company are Standard Belex india pvt ltd, Vijay Sales corporation, Chetak Tube Traders Ghanshyam Traders, Arham Steel Trader and Veer Brothers.

Company Promoters:

The promoters of the company are:

1. Mr. RajeshKumar R. Mittal
2. Ms. Preeti R. Mittal
3. Mr.Rajat R.Mittal
4. Ms.Riddhi R.Mittal

Objects of the Issue:

The objects of the Issue are: Information in this section is taken from chittorgarh.com, India's No 1 IPO Investment Portal.

1. To meet the working capital requirements;
2. General corporate expenses;
3. Issue Expenses.

Riddhi Steel IPO Details

IPO Opening DateSep 2, 2016
IPO Closing DateSep 7, 2016
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹38 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME
Issue Size2,340,000 Eq Shares of ₹10
(aggregating up to ₹8.89 Cr)

Riddhi Steel IPO Lot Size

The Riddhi Steel IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹114,000
Maximum13000₹114,000

Riddhi Steel IPO Prospectus

Riddhi Steel IPO Rating

26
3.5
Rating:Rated 3.5 stars

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Riddhi Steel IPO Listing Date

Listing DateWednesday, September 14, 2016
BSE Script Code540082
NSE Symbol
Listing InMT Group of Securities
ISININE367U01013
IPO Price₹38 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹38.00
₹37.70
₹37.50
₹38.50
₹37.65
78,000

Riddhi Steel IPO Reviews / Ratings

Company Contact Information

Riddhi Steel & Tube Ltd
83/84, Village - Kamod,
Piplaj Pirana Road,
Road, Post - Aslali, Ahmedabad

Phone: +91-79-27543974
Email: riddhiacc@rediffmail.com
Website: http://www.riddhitubes.com

Riddhi Steel IPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: riddhisteel.ipo@karvy.com
Website: https://karisma.kfintech.com/

Riddhi Steel IPO FAQs

  1. What is Riddhi Steel IPO?

    Riddhi Steel IPO is a SME IPO of 2,340,000 equity shares of the face value of ₹10 aggregating up to ₹8.89 Crores. The issue is priced at ₹38 per equity share. The minimum order quantity is 3000 Shares.

    The IPO opens on Sep 2, 2016, and closes on Sep 7, 2016.

    KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. When Riddhi Steel IPO will open?

    The Riddhi Steel IPO opens on Sep 2, 2016 and closes on Sep 7, 2016.

  3. What is the lot size of Riddhi Steel IPO?

    Riddhi Steel IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

  4. How to apply for Riddhi Steel IPO?

    You can apply in Riddhi Steel IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Riddhi Steel IPO allotment?

    The finalization of Basis of Allotment for Riddhi Steel IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Riddhi Steel IPO allotment status.

  6. When is Riddhi Steel IPO listing date?

    The Riddhi Steel IPO listing date is on Wednesday, September 14, 2016.

Riddhi Steel IPO Message Board

Ranked Members  Ranked Members

Loading...
8. STOCKT |Sep 15, 2016 12:46
wtf is this

Guiness , how dare you have guts to come with sme.
you shd have banned urself before coming out next time for any sme.

shame on u.
7. Dinesh Analyst |Sep 7, 2016 11:13
one More NSE SME i.e

HUSYS CONSULTING LIMITED

ISSUE OPENS ON : SEPTEMBER 09, 2016

ISSUE CLOSES ON : SEPTEMBER 19, 2016

Price Band 69 and Lot size
6. k.s.shah |Sep 6, 2016 14:17
Price band Rs.205 - 207.
5. DURAISWAMY |Sep 2, 2016 16:43
AMSONS APPARELS SME IPO IS TRADING BELOW ITS ISSUE PRICE FOR PAST ONE YEAR NO BONUS NO DIVIDEND MY 1 LAKH IS LOCKED BEWARE

. If you have doubt go back to FUNNY SOFTWARE FORUM. NOW MY AMOUNT RS 140000. IS STUCK. I DO NOT KNOW WHAT TO DO. NO BUYERS ONLY SELLERS . BE CAREFUL.
4. Jain guru |Sep 2, 2016 10:43
Is issue me gmp me kam ho raha he ya nahi plesae koi batai
3. bvj |Sep 2, 2016 08:08
Worth buying shares
2. neha saxena |Sep 1, 2016 23:39
Why there is no discussion on this ipo?
1. CAN |Sep 1, 2016 11:31
http://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=1173&type=FPO&idtype=1&status=F&IPONo=1246&startdt=9%2f2%2f2016







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