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Readymade Steel IPO is a book build issue of ₹34.75 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹34.75 crore.
Readymade Steel IPO bidding started from Jun 27, 2011 and ended on Jun 29, 2011. The shares got listed on BSE on Jul 13, 2011.
Readymade Steel IPO price band is set at ₹108.00 per share . The lot size for an application is 60. The minimum amount of investment required by an retail is ₹5,400 (60 shares). The lot size investment for sNII is 31 lots (1,860 shares), amounting to ₹2,00,880, and for bNII, it is 155 lots (9,300 shares), amounting to ₹10,04,400.
Arihant Capital Markets Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Readymade Steel IPO RHP for detailed Information.
| IPO Date | June 27, 2011 to June 29, 2011 |
| Listing Date | July 13, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹90 to ₹108 per share |
| Issue Price Final | ₹108 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,17,153 shares (aggregating up to ₹34.75 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 85,01,200 shares |
| Share Holding Post Issue | 1,17,18,353 shares |
Readymade Steel India IPO offers total 32,17,153 shares. Out of which 16,08,576 (50.00%) allocated to QIB, 4,82,573 (15.00%) allocated to NII, 11,26,004 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 16,08,576 (50.00%) | NA |
| NII (HNI) Shares Offered | 4,82,573 (15.00%) | NA |
| Retail Shares Offered | 11,26,004 (35.00%) | 18,766 |
| Total Shares Offered | 32,17,153 (100.00%) |
Readymade Steel IPO opens on June 27, 2011, and closes on June 29, 2011.
| IPO Open Date | Mon, Jun 27, 2011 |
| IPO Close Date | Wed, Jun 29, 2011 |
| Tentative Listing Date | Wed, Jul 13, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 29, 2011 |
Investors can bid for a minimum of 60 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,480 |
| Retail (Max) | 30 | 1,800 | ₹1,94,400 |
| S-HNI (Min) | 31 | 1,860 | ₹2,00,880 |
| S-HNI (Max) | 154 | 9,240 | ₹9,97,920 |
| B-HNI (Min) | 155 | 9,300 | ₹10,04,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2006, Readymade Steel India Ltd is engaged in the business of steel service provider to the infrastructure sector. Readymade Steel India have an installed capacity of 27000 MTPA for processing of steel used in the construction industry primarily reinforcement bars into various shapes and sizes like cranked bars, stirrups, verticals, column /beam cages etc.
Company process the steel through use of automated machines from its Plant and delivers ready to use cut and bend steel rods, prefabricated cages and other steel products required for construction activities. These products are mainly used in construction activities in various sectors like roads, power plants, ports, airports, housing, bridges, metros, monorails etc.
| KPI | Values |
|---|---|
| RoNW | 5.14% |
The Company Readymade Steel IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To part finance the cost of enhancing the capacity at our existing facility at Khopoli, district Raigad, Maharashtra and the cost of setting up of new facilities near New Delhi and Raipur | |
| 2 | To meet the pre-operative expenses including Issue expenses; | |
| 3 | To meet margin money requirements of working capital; and | |
| 4 | To meet general corporate purposes. |
CARE has assigned an IPO Grade 2 to Readymade Steel India IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Readymade Steel India IPO Grading Report
| Listing Date | July 13, 2011 |
| BSE Script Code | 533482 |
| NSE Symbol | KRIDHANINF |
| ISIN | INE524L01026 |
| Final Issue Price | ₹108 per share |
| BSE Listing Group | B |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹115.00 |
| Low | ₹62.30 |
| High | ₹117.75 |
| Last Trade | ₹66.45 |
Readymade Steel India Ltd.
203, Joshi Chambers,
Ahmedabad Street,
Carnac Bunder, Mumbai 400 009
Mumbai, Maharashtra
Phone: 91-022-67439360
Email: rms@readymadesteel.com
Website: http://www.readymadesteel.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: info@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Readymade Steel IPO is a main-board IPO of 32,17,153 equity shares of the face value of ₹10 aggregating up to ₹34.75 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 60.
The IPO opens on June 27, 2011, and closes on June 29, 2011.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Readymade Steel IPO using UPI as a payment gateway. Zerodha customers can apply in Readymade Steel IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Readymade Steel IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Readymade Steel IPO opens on June 27, 2011 and closes on June 29, 2011.
Readymade Steel IPO lot size is 60, and the minimum amount required for application is ₹6,480.
You can apply in Readymade Steel IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Readymade Steel IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Readymade Steel IPO allotment status.
The Readymade Steel IPO listing date is on Wednesday, July 13, 2011.
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