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Open
2 Sep 2016
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Close
7 Sep 2016
3
Allotment
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Listing
Wed, Sep 14, 2016
Price Band
₹38 per share
Issue Size
23,40,000 shares (agg. up to ₹9 Cr)
Lot Size
3,000 Shares
Listing Date
Wed, Sep 14, 2016
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.43x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|
| Assets | 112.27 | 101.91 | 95.31 |
| Total Income | 236.78 | 234.97 | 207.27 |
| Profit After Tax | 2.66 | 2.53 | 2.29 |
| NET Worth | 22.52 | 19.86 | 17.34 |
| Reserves and Surplus | 16.57 | 13.91 | 11.39 |
| Total Borrowing | 81.18 | 74.84 | 67.69 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Narayani Steels Ltd. | SME | ₹11.52 Cr | ₹32 | null | ₹33.40 | +4.37% | ₹4.69 |
| Umiya Tubes Ltd. | SME | ₹2.00 Cr | ₹10 | null | ₹10.45 | +4.50% | ₹25.01 |
| Bharat Wire Ropes Ltd. | Mainboard | ₹70.00 Cr | ₹45 | null | ₹45.55 | +1.22% | ₹176.19 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirements | 7.00 |
| 2 | General Corporate Expenses | 1.56 |
| 3 | Issue Expenses | 0.33 |
| Total | 8.89 |
About Riddhi Steel IPO
Updated on Aug 5, 2026
Contact Details
Riddhi Steel & Tube Ltd. Address83/84, Village-KamodPiplaj Pirana RoadRoad, Post-AslaliAhmedabad, Gujarat, 382427+91-79-27543974riddhiacc@rediffmail.comVisit Website