The Riddhi Steel IPO has a fixed price of Rs 8.89 crore. Bidding for the Riddhi Steel IPO began on September 2, 2016 and finished on September 7, 2016. On September 14, 2016, the shares were listed on the BSE SME. Riddhi Steel’s initial public offering (IPO) price is 38 per share. A lot size of 3000 shares is required for an application. Retail investors must make a minimum commitment of $140,000.
Riddhi Steel and Tube Ltd., founded in 2002, is a manufacturer of black and galvanized steel pipes. This paragraph contains information from chittorgarh.com, India’s No. 1 IPO Investment Portal.In addition, they produce steel square hollow sections (SHS) and rectangular hollow sections (RHS) in a variety of sizes and thicknesses. The 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, as well as the power sector and fire
fighting applications, among other things. Chittorgarh.com, the most active IPO discussion site, is a good place to start. Standard Belex India Pvt. Ltd., Vijay Sales Corporation, Chetak Tube Traders, Ghanshyam Traders, Arham Steel Trader, and Veer Brothers are the company’s primary customers.
Riddhi Steel IPO Details
| IPO Date | September 2, 2016 to September 7, 2016 |
| Listing Date | September 14, 2016 |
| Face Value | ₹10 per share |
| Price | ₹38 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,340,000 shares (aggregating up to ₹8.89 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Riddhi Steel IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
Objects of the Issue (Riddhi Steel IPO Objectives)
The objects of the issue are: Information in this section is taken from chittorgarh.com, India’s No. 1 IPO Investment Portal.
- To meet the working capital requirements,
- General corporate expenses;
- Issue Expenses.
Riddhi Steel IPO Listing Details
| Listing Date | September 14, 2016 |
| BSE Script Code | 540082 |
| NSE Symbol | |
| ISIN | INE367U01013 |
| Final Issue Price | ₹38 per share |
Riddhi Steel Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹37.70 |
| Low | ₹37.50 |
| High | ₹38.50 |
| Last Trade | ₹37.65 |
Riddhi Steel & Tube Ltd Contact Details
Riddhi Steel & Tube Ltd
83/84, Village, Kamod,
Piplaj Pirana Road,
Road, Post, Aslali, Ahmedabad
Phone: +91-79-27543974
Email: [email protected]
Website: http://www.riddhitubes.com
Riddhi Steel IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
Riddhi Steel IPO FAQs
Q1. What is the Riddhi Steel IPO?
Ans. Riddhi Steel IPO is a SME IPO of 2,340,000 equity shares with a face value of ₹10, aggregating up to ₹8.89 crore. The issue is priced at ₹38 per share. The minimum order quantity is 3000 shares. The IPO opens on September 2, 2016, and closes on September 7, 2016.
Q2. When Riddhi Steel IPO will open?
Ans. The Riddhi Steel IPO opens on September 2, 2016 and closes on September 7, 2016.
Q3. What is the lot size of Riddhi Steel IPO?
Ans. Riddhi Steel IPO lot size is 3000 Shares, and the minimum amount required is ₹114,000.
Q4. When is Riddhi Steel IPO listing date?
Ans. The Riddhi Steel IPO listing date is on September 14, 2016.
