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Riddhi Corporate Services IPO is a Fixed Price IPO listing on BSE SME exchange, with an ipo size of ₹ 12.35 Cr. The company is based in Ahmedabad and caters to Telecom sector. Gretex Corporate Services is the merchant banker of Riddhi Corporate Services IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 5th May 2017.
Riddhi Corporate Services IPO open date is 12th June 2017 and close date is 15th June 2017. IPO Allotment Date is 30th November -0001 and Listing date is 22nd June 2017.
IPO
Size:
₹ 12.35 Cr.
Avg IPO Size (Sector Based)
: ₹
30.87 cr.
Sector: Telecom
SME
IPO so far:
12
Merchant Banker:
Gretex Corporate
SME
IPO by BRLM so far:
52
City:
Ahmedabad
SME
IPO so far:
182
Revenue (annualised):
₹
60.03
cr. 
PE
Ratio:
16.00x
Average Sector PE Ratio: 12.72x
Riddhi Corporate Services IPO size is ₹ 12.35 Cr. with IPO price of ₹ 130.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Gretex Corporate Services Limited is the book-running lead manager of the Riddhi Corporate Services IPO. S.K. Infosolutions Private Limited is the Registrar and Market Maker is Beeline Broking Limited for Riddhi Corporate Services IPO.
Riddhi Corporate Services IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Riddhi Corporate Services IPO, based in Ahmedabad, operates in the Telecom sector with a focus on business activities by rendering services to Telecommunication service providers. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Riddhi Corporate Services IPO size is ₹ 12.35 Cr. with fresh issue size of ₹ 12.35 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Riddhi Corporate Services IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Riddhi Corporate Services IPO allotment status on the registrars website, S.K. Infosolutions Private Limited . Riddhi Corporate Services IPO refund dates are 30th November -0001.
Riddhi Corporate Services IPO is expected to be listed on 22nd June 2017.
The upper price band for the Riddhi Corporate Services IPO is set at ₹ 130.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Riddhi Corporate Services IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Riddhi Corporate Services IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 15th June 2017. After submission, funds are blocked until the basis of allotment of Riddhi Corporate Services IPO is finalised.
The merchant banker for Riddhi Corporate Services IPO is Gretex Corporate Services Limited . Gretex Corporate Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Riddhi Corporate Services IPO RHP for further details.
The registrar for Riddhi Corporate Services IPO is S.K. Infosolutions Private Limited . Investors can go to S.K. Infosolutions Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Riddhi Corporate Services IPO through their official website or helpline.
Riddhi Corporate Services IPO was subscribed 0.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 12.35 Cr.
Avg IPO Size (Sector Based)
:
₹ 30.87 Cr.
Sector: Telecom
SME
IPO so far:
12
Merchant Banker:
Gretex Corporate
SME
IPO by BRLM so far:
52
City:
Ahmedabad
SME
IPO so far:
182
Revenue (annualised):
₹ 59.40 cr.
PE
Ratio:
16.00x
Average Sector PE Ratio: 12.72x
Riddhi Corporate Services IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Riddhi Corporate Services Financial Review Page
Merchant Banker(s) of Riddhi Corporate Services IPO: Gretex Corporate Services Limited
Riddhi Corporate Services IPO subscription was 0.00 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.
Riddhi Corporate Services IPO listed at a listing price of 134.50 against the offer price of 130.00.
The current market price of Riddhi Corporate Services is 65.22.
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