IPO

Riddhi Steel & Tube Ltd IPO

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Public issue of 23,40,000 equity shares of Rs.10 each (equity shares) of Riddhi Steel and Tube Limited (RSTL or The Company or The Issuer) for cash at a price of Rs.38 per share (the Issue price), aggregating to Rs. 8.89 crores (The Issue) of which, 1,26,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 22,14,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 28.22% and 26.71%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 38/- is 3.80 times of the face value.

Riddhi Steel & Tube Ltd IPO Subscription Details

Company

Riddhi Steel & Tube Ltd

Issue Type

Fixed Price - SME

Open Date

02 Sep

Close Date

07 Sep

Offer Price

38.00

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How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

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Contact Details of Riddhi Steel & Tube Ltd IPO

Company Contact Information

Riddhi Steel & Tube Ltd IPO
83/84 Village Kamod Piplaj,
Pirana Road Post-Aslali,
Ahmedabad, Gujarat 382427.

Phone: 91-79-29700922
Email: info@riddhitubes.org

Riddhi Steel & Tube Ltd IPO Register

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Riddhi Steel & Tube Ltd IPO Lead Manager(s)

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