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

Riddhi Steel & Tube Limited IPO (Riddhi Steel & Tube IPO) Details

Riddhi Steel & Tube Limited is an Steel based company, located in Ahmedabad, Riddhi Steel & Tube Limited IPO size was 8.89 Cr. and was issued at 38.00 per share. The share of Riddhi Steel & Tube Limited were listed at 37.65 per share and are currently trading at 126.05 per share.

Type :
Sub Sector : Manufacturing Of Black And Galvanized Steel
SME IPO
BSE SME

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

Revenue :
236.78 Cr.

PAT :
2.66 Cr.

Pricing Report

Issue Price :
38.00

Listing Price :
37.65

Current Market Price :
126.05

Issue Price vs CMP :
88.05 (231.71%)

listing Price vs CMP :
88.4 (234.79%)

Performance Report (CAGR* wise)

CAGR : 15.43
-ve 0 6 9 12+
Above Average

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

About Riddhi Steel & Tube

Company Information
Riddhi Steel & Tube engaged in the manufacturing of black and galvanized steel pipes in the various sizes having wide application in varied industries including power sector, agro based industries, construction industries, structural, scaffolding, irrigation and engineering industries, air and gas transportation, fire fighting applications etc. They also manufacture steel square hollow sections (SHS) and rectangular hollow sections (RHS) in a various size and thickness. They are currently operating from Ahmedabad, Gujarat and the promoters of the Company are Mr. Rajesh Kumar R. Mittal, Ms. Preeti R. Mittal, Mr. Rajat R. Mittal and Ms. Riddhi R. Mittal. Their manufacturing unit is located at 83/84, Village Piplaj, Pirana Road, Aslali, Ahmedabad- 382427 and has an installed capacity of 60,000 MT p.a. In addition to that they
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Object of Issue
  • To meet the working capital requirements
  • General corporate expenses
  • Issue Expenses

Riddhi Steel & Tube SME IPO Details (at the time of IPO)

IPO Type :
Fixed Price
IPO Date :
Sep, 2016
IPO Size :
8.89 Cr.
PE Multiple :
11.00
IPO Registrar:
Kfin Technologies Limited
Anchor Investors:

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FAQs

Riddhi Steel & Tube operates in Steel and Manufacturing Of Black And Galvanized Steel. The Issue is listed on BSE SME in Sep, 2016. Riddhi Steel & Tube IPO size was 8.89 Cr. with Issue price of 38.00 .

Riddhi Steel & Tube 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 Steel & Tube IPO listed at a listing price of 37.65 against the offer price of 38.00.

The current market price of Riddhi Steel & Tube is 126.05.

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