Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Mon, Jun 12, 2017 - Thu, Jun 15, 2017
Riddhi Corporate IPO is a fixed price issue of ₹12.35 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹12.35 crore.
Riddhi Corporate IPO bidding started from Jun 12, 2017 and ended on Jun 15, 2017. The shares got listed on BSE SME on Jun 22, 2017.
Riddhi Corporate IPO price is ₹130 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,30,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,60,000.
Gretex Corporate Services Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Beeline Broking Ltd..
Refer to Riddhi Corporate IPO RHP for detailed Information.
IPO Open
Mon, Jun 12, 2017
IPO Close
Thu, Jun 15, 2017
Issue Price
₹130 per share
Market Cap (Pre-IPO)
₹42.25 Cr
| IPO Date | 12 to 15 Jun, 2017 |
| Listed on | Thu, Jun 22, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹130 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 9,50,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 50,000 shares Beeline Broking Ltd. (agg. up to ₹0.6500 Cr) |
| Fresh Issue (Ex Market Maker) | 9,00,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 9,00,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 23,00,000 shares |
| Share Holding Post Issue | 32,50,000 shares |
| BSE Script Code | 540590 |
| ISIN | INE325X01015 |
Riddhi Corporate IPO comprises a total issue size of 9,50,000 shares. The net offer to the public is 9,00,000 shares, after excluding 50,000 shares allotted on a firm basis. Of the Net offer 4,50,000 (50.00%) allocated to NII 4,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,50,000 | 50.00% | 47.37% |
| Retail Shares Offered | 4,50,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 50,000 | 5.26% | |
| Total Shares Offered | 9,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,30,000 |
| Retail (Max) | 1 | 1,000 | ₹1,30,000 |
| HNI (Min) | 2 | 2,000 | ₹2,60,000 |
Incorporated in 2009, Riddhi Corporate Services Ltd is engaged in Business Process Outsourcing (BPO) to serve the needs of Telecom, Banking, Govt Institutions, Insurance Companies rendering services to Telecommunication Service provider, Banking Sector, NonBanking Financing Institutions, E-Wallet Service provider etc.
Company commenced its business activities by rendering services to Telecommunication service providers. They provide services of Data Management, Collection and Handling of Customer Application Form (CAF), Audit of CAF, order entry of CAF, CAF Barcoding, Inward, Storage and Retrieval of Data, Temporary Indexing, Data Entry, Scanning, uploading and Sample image Audit at Spoke Level. In addition, they are rendering services of Collection of Dues, Retention, Bill Delivery management Services along with over dues amount from subscriber by way Tele
calling, Field visit, Address the Customer's Issue and retain the Customer, Escalation Management while collecting Overdue Amount.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisitions and Other Strategic Initiatives | 2.23 |
| 2 | Capital Expenditure | 6.62 |
| 3 | General Corporate Purpose | 3.00 |
| 4 | Public Issue Expenses | 0.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 16 | |
| Market Cap | ₹42.25 Cr. |
The Riddhi Corporate Services IPO is subscribed [.] times on June 15, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses. | 0.35 |
| 2 | Printing & Stationery and Postage Expenses | 0.02 |
| 3 | Marketing and Advertisement Expenses | 0.09 |
| 4 | Regulatory fees and other expenses | 0.04 |
| 5 | Other Miscellaneous expenses | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹135.10 |
| Low | ₹134.50 |
| High | ₹135.10 |
| Last Trade | ₹134.50 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Riddhi Corporate IPO is a SME IPO of 9,50,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Jun 12, 2017, and closes on Thu, Jun 15, 2017.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Riddhi Corporate IPO using UPI as a payment gateway. Zerodha customers can apply in Riddhi Corporate IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Riddhi Corporate IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Riddhi Corporate IPO opens on Mon, Jun 12, 2017 and closes on Thu, Jun 15, 2017.
Riddhi Corporate IPO lot size is 1000, and the minimum amount required for application is ₹1,30,000.
You can apply in Riddhi Corporate 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 Riddhi Corporate IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Riddhi Corporate IPO allotment status.
The Riddhi Corporate IPO listing date is on Thu, Jun 22, 2017.
