Riddhi Steel & Tube IPO Detail of Subscription from Sep 2 to Sep 7. Its been a good IPO month after RBL Bank IPO. The listing of this IPO is gain and people are showing more interest to invest in market. There is not good grey market premium of Riddhi Steel & Tube ltd. Riddhi Steel is a galvanized steel pipes manufacturing company and Incorporated with this business from 2002.
Recently the comp has installed new products capacity of about 1,00,000 Tones per annum. So its showing a goodwill and good valuation as per market research. Investor take a risk to invest in Riddhi Steel IPO because its will not good impact in market for retail investor but it will open around listing day prices. check out the subscription status.
The final day of 7th September is showing good expectation of times subscription status for Riddhi Steel IPO. As per the BSE, total received bids for 14 crore in place of the total company value of Rs 9 crore. Its a good subscribed around 1.58 times on 3rd final day.
| Quantity | Subscription | No Of Times | Percent | |
| Day 1 | 27000 | 2340000 | 0.012 | 1.20% |
| Day 2 | 14,79,000 | 2340000 | 0.632 | 63.20% |
| Day 3 | 36,99,000 | 2340000 | 1.58 | 1.58% |
Riddhi Steel IPO Detail:
- IPO Open: Sep 2, 2016
- IPO Close: Sep 7, 2016
- IPO Size: 2,340,000 Equity Shares of Rs 10 aggregating up to Rs 8.89 Cr
- Face Value: Rs 10 Per Equity Share
- Issue Price: Rs. 38 Per Equity Share
- Market Lot: 3000 Shares
- Minimum Order Quantity: 3000 Shares
- Listing At: BSE SME
Riddhi Steel IPO Market Lot:
- Market Lot: 3000 Shares
- Minimum Order Quantity: 3000 Shares
