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Riddhi Steel & Tube IPO is a Fixed Price IPO listing on BSE SME exchange, with an ipo size of ₹ 8.89 Cr. The company is based in Ahmedabad and caters to Steel sector. Guiness Corporate Advisors is the merchant banker of Riddhi Steel & Tube IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 19th May 2016.
Riddhi Steel & Tube IPO open date is 2nd September 2016 and close date is 7th September 2016. IPO Allotment Date is 30th November -0001 and Listing date is 14th September 2016.
IPO
Size:
₹ 8.89 Cr.
Avg IPO Size (Sector Based)
: ₹
30.52 cr.
Sector: Steel
SME
IPO so far:
45
Merchant Banker:
Guiness Corporate
SME
IPO by BRLM so far:
47
City:
Ahmedabad
SME
IPO so far:
182
Revenue (annualised):
₹
236.78
cr. 
PE
Ratio:
11.00x
Average Sector PE Ratio: 16.13x
Riddhi Steel & Tube IPO size is ₹ 8.89 Cr. with IPO price of ₹ 38.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Guiness Corporate Advisors Private Limited is the book-running lead manager of the Riddhi Steel & Tube IPO. Kfin Technologies Limited is the Registrar and Market Maker is Guiness Securities Limited for Riddhi Steel & Tube IPO.
Riddhi Steel & Tube IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Riddhi Steel & Tube IPO, based in Ahmedabad, operates in the Steel sector with a focus on manufacturing of black and galvanized steel. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Riddhi Steel & Tube IPO size is ₹ 8.89 Cr. with fresh issue size of ₹ 9 and Offer for sale being ₹ Nil
The IPO allotment date for Riddhi Steel & Tube IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Riddhi Steel & Tube IPO allotment status on the registrars website, Kfin Technologies Limited . Riddhi Steel & Tube IPO refund dates are 30th November -0001.
Riddhi Steel & Tube IPO is expected to be listed on 14th September 2016.
The upper price band for the Riddhi Steel & Tube IPO is set at ₹ 38.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Riddhi Steel & Tube IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Riddhi Steel & Tube IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 7th September 2016. After submission, funds are blocked until the basis of allotment of Riddhi Steel & Tube IPO is finalised.
The merchant banker for Riddhi Steel & Tube IPO is Guiness Corporate Advisors Private Limited . Guiness Corporate Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Riddhi Steel & Tube IPO RHP for further details.
The registrar for Riddhi Steel & Tube IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Riddhi Steel & Tube IPO through their official website or helpline.
Riddhi Steel & Tube IPO was subscribed 0.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 8.89 Cr.
Avg IPO Size (Sector Based)
:
₹ 30.52 Cr.
Sector: Steel
SME
IPO so far:
45
Merchant Banker:
Guiness Corporate
SME
IPO by BRLM so far:
47
City:
Ahmedabad
SME
IPO so far:
182
Revenue (annualised):
₹ 236.77 cr.
PE
Ratio:
11.00x
Average Sector PE Ratio: 16.13x
Riddhi Steel & Tube IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Riddhi Steel & Tube Financial Review Page
Merchant Banker(s) of Riddhi Steel & Tube IPO: Guiness Corporate Advisors Private Limited
Riddhi Steel & Tube IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Riddhi Steel & Tube IPO listed at a listing price of 37.65 against the offer price of 38.00.
The current market price of Riddhi Steel & Tube is 90.00.
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