Riddhi Steel & Tube Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

02 Sep 2016

Close Date

07 Sep 2016

Allotment

13 Sep 2016

Listing Date

14 Sep 2016

Exchange

BSE SME

Price Band

₹38

Listing Price

See chart

Allotment Status

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Price Band

₹38

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

23,40,000 shares (aggregating up to ₹8.89 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹114,000

1 lot

Pre-IPO Holding

59,50,252 shares

Promoters

Post-IPO Holding

82,90,252 shares

Promoters

UPI Deadline

2016-09-07

Mandate

Anchor AllotmentThu, 01 Sep 2016

Basis of AllotmentTue, 13 Sep 2016

Refund InitiationWed, 14 Sep 2016

Demat CreditWed, 14 Sep 2016

Listing DayWed, 14 Sep 2016

UPI Mandate Deadline2016-09-07

Sale TypeFresh Capital

Net Offer to Public22,14,000 shares (aggregating up to ₹8.41 Cr)

Market Maker Quota1,26,000 shares (aggregating up to ₹0.4788 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

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Subscription Rate Final

Riddhi Steel & Tube Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 07 Sep 2016.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	126,000	—	₹0.48
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,340,000	100%	₹8.89

IPO Shares Offered

Riddhi Steel & Tube Ltd. IPO total issue size: ₹8.89 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	126,000	₹0.48	5.38%
Total	2,340,000	₹8.89	100.00%

* Based on upper price band ₹38 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹38.00

Upper Band

Min Investment

₹114,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹228,000
Retail (Max — 13 Lots)	13	39,000	₹1,482,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,596,000
B-HNI (Min — 68 Lots)	68	204,000	₹7,752,000

* Issue Price ₹38 × Lot Size 3,000 shares

IPO Schedule

Anchor

01 Sep 2016

✓ Done

IPO Open

02 Sep 2016

✓ Done

IPO Close

07 Sep 2016

✓ Done

Allotment

13 Sep 2016

✓ Done

Refunds

14 Sep 2016

✓ Done

Demat Credit

14 Sep 2016

✓ Done

Listing Day

14 Sep 2016

✓ Done

₹38.00

INR · BSE

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Issue ₹38.00 Live Price

About Riddhi Steel & Tube Ltd.

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.

Objects of the Issue

1 To meet working capital requirements

2 General Corporate Expenses

3 Issue Expenses

Riddhi Steel & Tube Ltd. Financials (Amount in Rs Cr)

Revenue from Operations

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Profit After Tax (PAT)

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Particulars	FY 2024-25	FY 2023-24	FY 2022-23
Revenue from Operations	N/A	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	N/A	N/A	N/A
Net Worth	N/A	N/A	N/A
Total Assets	N/A	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Financial data will be published once DRHP/RHP is filed with SEBI.

Issue Structure & Shareholding

Total Shares Offered23,40,000 (100.00%)

Net Offer to Public22,14,000 shares (aggregating up to ₹8.41 Cr)

Reserved for Market Maker1,26,000 shares (aggregating up to ₹0.4788 Cr)

Pre-Issue Promoter Holding59,50,252 shares

Post-Issue Promoter Holding82,90,252 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

riddhisteel.ipo@karvy.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

Oneview Corporate Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Riddhi Steel & Tube Ltd. IPO subscribed? ▲

Riddhi Steel & Tube Ltd. IPO is subscribed 1.00 times by Sep 07, 2016. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Riddhi Steel & Tube Ltd. IPO retail subscription status? ▼

The Riddhi Steel & Tube Ltd. IPO retail category is subscribed 1.00 times as of 07 Sep 2016. The retail portion is oversubscribed.

How to subscribe Riddhi Steel & Tube Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 02 Sep 2016 and closes 07 Sep 2016. Min investment: ₹114,000 (1 lot = 3,000 shares). UPI mandate: 2016-09-07.

How many times Riddhi Steel & Tube Ltd. IPO subscribed? ▼

The Riddhi Steel & Tube Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Riddhi Steel & Tube Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 13 Sep 2016. Refunds: on 14 Sep 2016.

When Riddhi Steel & Tube Ltd. IPO will be listed? ▼

The Riddhi Steel & Tube Ltd. IPO listing date is 14 Sep 2016, Wednesday. Listed on: BSE SME. Issue price: ₹38. Estimated listing: ₹38. GMP: NIL.

When Riddhi Steel & Tube Ltd. IPO close? ▼

The Riddhi Steel & Tube Ltd. IPO closes on 07 Sep 2016, Wednesday. UPI mandate: 2016-09-07. Allotment: 13 Sep 2016. Listing: 14 Sep 2016.

Quick Actions

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Live Price LIVE

Last Price₹38.00

Change—

Issue Price₹38.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹38

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹114,000

GMPNIL

Est. Listing₹38

Subscribed1.00x

Open Date02 Sep 2016

Close Date07 Sep 2016

Allotment13 Sep 2016

Listing Date14 Sep 2016

ExchangeBSE SME

UPI Deadline2016-09-07