Riddhi Steel & Tube Ltd IPO


IPO Subscription Details

  • Open Date 02 Sep
  • Close Date 07 Sep
  • Lot Size 3000
  • IPO Size ₹ 8.89 Cr
  • IPO Price Range ₹ 38
  • Min Investment ₹ 114000

IPO Synopsis

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.

How to apply for IPO?

  • Login to your 5paisa account 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 mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Riddhi Steel & Tube Ltd IPO

Contact Information

83/84 Village Kamod Piplaj,
Pirana Road Post-Aslali,
Ahmedabad, Gujarat 382427

Riddhi Steel & Tube Ltd IPO Lead Manager

Guiness Corporate Advisors Pvt Ltd

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