Riddhi Steel & Tube Ltd - Prospectus Synopsis

Riddhi Steel & Tube Ltd RHP

Registered Office : 83/84 Village Kamod Piplaj , Pirana Road Post-Aslali , Ahmedabad - 382427 , Gujarat , India.

Phone : 91-79-29700922  Fax : 91-79-26768656

Email : info@riddhitubes.org    Website : www.riddhitubes.com

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.

Issue Money Payable On
Opens On Closes On Application Allotment
02-Sep-2016 07-Sep-2016 Rs 38 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
  Rs Cr Lead Managers to the Issue
Project Cost 8.89 Guiness Corporate Advisors Pvt Ltd
Project Financed through Current Offer 8.89  
Post Issue Equity Share Capital 8.29  
Issue Price Rs. 38  
To meet the working capital requirements
Promoted By Listing At Registrar to the Issue
Preeti R Mittal
Rajat R Mittal
Rajeshkumar R Mittal
BSE - SME KFin Techologies Pvt Ltd

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