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Riddhi Steel IPO Details

Issue Open Sep 2, 2016
Issue Close Sep 7, 2016
IPO Price ₹38
Face Value ₹10
IPO Size ₹8.89 Cr
Listing At BSE SME
IPO Lot Size 3000

Riddhi Steel IPO allotment status is not available at this time. IPO share allotment process takes 6 working days from the issue closing date. Please revisit us to check the latest updates for Riddhi Steel & Tube Ltd IPO allotment status.

Note: Registrar of the Riddhi Steel IPO is responsible for IPO allotment and refund processing. Please contact the registrar with questions related to IPO Allotment Status Online. To understand the allocation of shares for Riddhi Steel & Tube Ltd IPO, check the Basis of Allotment document.

Riddhi Steel IPO Allotment FAQs

Sorry. The tentative date of allotment for Riddhi Steel IPO is not available at this time.

Below are the steps to check Riddhi Steel IPO allotment status online:

  • Visit the Riddhi Steel IPO allotment status page.
  • Click on the green Riddhi Steel IPO Allotment Status.
  • Enter either PAN number, Application Number or DP Client ID of the demat account to check the Riddhi Steel IPO allotment status.
  • Click Search.

Note: The disabled button shows that the allotment is not yet available online.

The allotment result looks like as below:

  • PAN No.: AHMLK1898J
  • Application No.: RL041213805307
  • Name: Mr. Rajveer Singh
  • Shares Applied: 40
  • Shares Allotted: 40

The expected listing price of Riddhi Steel IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The Riddhi Steel IPO grey market premium gives some hint but the actual listing price is difficult to guess.

Riddhi Steel IPO allotment status is expected on . Click the green button Riddhi Steel IPO Allotment Status above to check the allotment. Note the button remains to disable until the allotment is available online.

If Riddhi Steel IPO oversubscribed in the retail category, the Riddhi Steel IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.

The Riddhi Steel IPO shares will get listed on Wednesday, September 14, 2016. The equity share of Riddhi Steel & Tube Ltd will list on BSE SME.

The reason you didn't get the Riddhi Steel IPO could be:

  • IPO become oversubscribed and allotment process is completed through a lottery
  • The IPO application got rejected due to mismatch/incomplete information
  • The issue price is higher than the bid price. (Always apply on cut-off price).

The Riddhi Steel IPO will open for bidding on Sep 2, 2016. The IPO application closes on Sep 7, 2016.