247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Readymade Steel India Limited IPO (Readymade Steel India IPO) Details

Readymade Steel India Limited is an Steel based company, located in Mumbai, Readymade Steel India Limited IPO size was 34.75 Cr. and was issued at 108.00 per share. The share of Readymade Steel India Limited were listed at 66.45 per share and are currently trading at 5.62 per share.

Type :
Sub Sector : Steel Service Provider To Infra Sector
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
113.24 Cr.

PAT :
3.09 Cr.

Pricing Report

Issue Price :
108.00

Listing Price :
66.45

Current Market Price :
5.62

Issue Price vs CMP :
102.38 (94.80%)

listing Price vs CMP :
60.83 (91.54%)

Performance Report (CAGR* wise)

CAGR : -19.62
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Readymade Steel India

Company Information
Readymade Steel India Limited is an ISO 9001:2008 certified steel service provider catering to the fast-growing infrastructure sector. With an installed capacity of 27,000 MTPA, the company processes steel used primarily in the construction industry, especially reinforcement bars, into various shapes and sizes such as cranked bars, stirrups, verticals, and column/beam cages.

The company operates from its existing plant located at Khopoli, Raigad District, Maharashtra. Its registered office is situated at 203, Joshi Chambers, Ahmedabad Street, Carnac Bunder, Mumbai-400009, while the corporate office is located at 101/102 Shreya House, Pereira Hill Road, Andheri (East), Mumbai-400099.

Traditionally, the process of cutting, bending steel, and fabricating cages was done manually on the construction site, leading to higher material wastage, more labor requirements, and increased space
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Object of Issue
  • To part finance the cost of enhancing the capacity at their existing facility at Khopoli, district Raigad, Maharashtra and the cost of setting up of new facilities near New Delhi and Raipur
  • To meet the pre-operative expenses including Issue expenses
  • To meet margin money requirements of working capital and
  • To meet general corporate purposes

Readymade Steel India MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Jul, 2011
IPO Size :
34.75 Cr.
IPO Subscription :
1.68 X     
PE Multiple :
9.84
IPO Registrar:
Bigshare Services Private Limited

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FAQs

Readymade Steel India operates in Steel and Steel Service Provider To Infra Sector. The Issue is listed on MainBoard in Jul, 2011. Readymade Steel India IPO size was 34.75 Cr. with Issue price of 108.00 .

Merchant Banker(s) of Readymade Steel India IPO: Arihant Capital Markets Limited

Readymade Steel India IPO subscription was 1.68 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Readymade Steel India IPO listed at a listing price of 66.45 against the offer price of 108.00.

The current market price of Readymade Steel India is 5.62.

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