Riddhi Steel & Tube Ltd - IPO

Riddhi Steel & Tube Ltd IPO Details

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.

Objective of issue

To meet the working capital requirements. General corporate expenses.

Riddhi Steel & Tube Ltd Contact Details

Riddhi Steel & Tube Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@riddhitubes.org

Website - www.riddhitubes.com