The book-built issue of Rs 34.75 crore is the Readymade Steel India IPO. June 27, 2011, was the opening date of the Readymade Steel India IPO auction, which concluded on June 29, 2011. On July 13, 2011, the shares were listed on the BSE. The ₹90 to ₹108 pricing range for shares in Readymade Steel India’s IPO has been determined. A minimum of 60 shares is required for an application lot size. Retail investors must make a minimum investment of ₹6,480.
Readymade Steel India Ltd. was established in 2006 and provides steel services to the infrastructure industry. With an installed capacity of 27,000 MTPA, Readymade Steel India processes steel, mostly reinforcement bars used in the construction sector, into a variety of sizes and forms, including cranked bars, stirrups, verticals, column/beam cages, etc. Utilizing automated machinery, the company processes the steel at its plant and provides ready-to-use cut and bend steel rods, prefabricated cages, and other steel products needed for
construction projects. The majority of these good applications are in the construction of highways, power plants, ports, airports, homes, bridges, metros, monorails, and other structures.
Readymade Steel India IPO Details
|IPO Date||June 27, 2011 to June 29, 2011|
|Listing Date||July 13, 2011|
|Face Value||₹10 per share|
|Price Band||₹90 to ₹108 per share|
|Lot Size||60 Shares|
|Total Issue Size||3,217,157 shares
(aggregating up to ₹34.75 Cr)
|Issue Type||Book Built Issue IPO|
Readymade Steel India IPO Lot Size
Readymade Steel India IPO Reservation
|Investor Category||Shares Offered||Maximum Allottees|
|Anchor Investor Shares Offered||–||NA|
|QIB Shares Offered||1,930,294 (50.00%)||NA|
|NII (HNI) Shares Offered||579,088 (15.00%)|
|Retail Shares Offered||1,351,206 (35.00%)||22,520|
|Total Shares Offered||3,860,588 (100%)|
Objects of the Issue (Readymade Steel India IPO Objectives)
The object of the issue is:
- To partially finance the cost of enhancing the capacity at our existing facility at Khopoli, district Raigad, Maharashtra and the cost of setting up of new facilities near New Delhi and Raipur;
- To meet the pre-operative expenses, including Issue expenses,
- To meet margin money requirements of working capital; and
- To meet general corporate purposes.
Readymade Steel India IPO Listing Details
|Listing Date||July 13, 2011|
|BSE Script Code||533482|
|Final Issue Price||₹108 per share|
Readymade Steel Listing Day Trading Information
|Final Issue Price||₹108.00|
Readymade Steel India IPO FAQs
Q1. What is Readymade Steel India IPO?
Ans. Readymade Steel India IPO is a main-board IPO of 3,217,157 equity shares of the face value of ₹10 aggregating up to ₹34.75 Crores. The issue is priced at ₹90 to ₹108 per share. The minimum order quantity is 60 Shares. The IPO opens on June 27, 2011, and closes on June 29, 2011.
Q2. When Readymade Steel India IPO will open?
Ans. The Readymade Steel India IPO opens on June 27, 2011 and closes on June 29, 2011.
Q3. What is the lot size of Readymade Steel India IPO?
Ans. Ans. Readymade Steel India IPO lot size is 60 Shares, and the minimum amount required is ₹6,480.
Q4. When is Readymade Steel India IPO listing date?
Ans. The Readymade Steel India IPO listing date is on July 13, 2011.