The Riddhi Corporate Services IPO date has been confirmed to have started from June 12, 2017 and ended on June 15, 2017
Using an IPO, Riddhi Corporate Services is seeking to raise Rs 12.35 crore. Its price is ₹130 per share. The minimum lot size for an application is 1000 shares. The minimum amount of investment required by retail investors is ₹130,000.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
June 12-15
Price Range
₹130 per share
Face Value
₹10 per share
GMP
₹130.55
Riddhi Corporate Services IPO GMP
The Riddhi Corporate Services Limited IPO GMP is ₹130.55.
IPO Overview
The Riddhi Corporate Services IPO is a fixed-price offering worth Rs 12.35 crores. The IPO auction for Riddhi Corporate Services began on June 12, 2017 and closed on June 15, 2017. On June 22, 2017, the shares were listed on the BSE SME. The IPO price for Riddhi Corporate Services is 130 per share. A lot size of 1000 shares is required for an application. Retail investors must make a minimum commitment of $130,000.
The company began its operations by providing services to telecommunications service providers. At the Spoke Level, they offer Data Management, Customer Application Form (CAF) Collection and Handling, Audit of CAF, Order Entry of CAF, CAF Barcoding, Inward, Storage and Retrieval of Data, Temporary Indexing, Data Entry, Scanning, Uploading, and Sample Image Audit. Furthermore, they provide services such as collection of dues, retention, bill delivery management, and collection of overdue amounts from subscribers via telemarketing, field visits, addressing the customer’s issue and retaining the customer, and escalation management while collecting overdue amounts.
Riddhi Corporate Services IPO Details
| IPO Date | June 12, 2017 to June 15, 2017 |
| Listing Date | June 22, 2017 |
| Face Value | ₹10 per share |
| Price | ₹130 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 950,000 shares (aggregating up to ₹12.35 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Riddhi Corporate Services Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹135.10 |
| Low | ₹134.50 |
| High | ₹135.10 |
| Last Trade | ₹134.50 |
Riddhi Corporate Services IPO Listing Details
| Listing Date | June 22, 2017 |
| BSE Script Code | 540590 |
| NSE Symbol | |
| ISIN | INE325X01015 |
| Final Issue Price | ₹130 per share |
Company Profile
Riddhi Corporate Services Ltd, founded in 2009, is engaged in Business Process Outsourcing (BPO) to serve the needs of Telecom, Banking, Government Institutions, Insurance Companies providing services to Telecommunication Service Providers, Banking Sector, NonBanking Financing Institutions, E-Wallet Service Providers, and others.
Registrar Info
| Name | Purva Sharegistry India Pvt Ltd |
| Phone number | +91-022-23018261/ 23016761 |
| Email ID | busicomp@gmail.com |
| Website | www.purvashare.com |
Contact Details
| Name | Riddhi Corporate Services Ltd |
| Phone number | +91-79-26580767 |
| Email ID | investor@rcspl.net |
| Website | www.riddhicorporate.co.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
