Readymade Steel India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,608,576 (50%) | — | ₹1,737 Cr |
| NII (HNI) | — | 482,573 (15%) | — | ₹521 Cr |
| Retail | — | 1,126,004 (35%) | — | ₹1,216 Cr |
| Σ Total | — | 3,217,153 (100%) | — | ₹34,745 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,480 |
| Retail (Max) | 13 | 780 | ₹84,240 |
| S-HNI (Min) | 14 | 840 | ₹90,720 |
| B-HNI (Min) | 67 | 4,020 | ₹434,160 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To part finance the cost of enhancing the capacity at our existing facility at Khopoli, district Raigad, Maharashtra and the cost of setting up of new facilities near New Delhi and Raipur –
- 2 To meet the pre-operative expenses including Issue expenses; –
- 3 To meet margin money requirements of working capital; and –
- 4 To meet general corporate purposes. –
Company Overview
Incorporated in 2006, Readymade Steel India Ltd is engaged in the business of steel service provider to the infrastructure sector. Readymade Steel India have an installed capacity of 27000 MTPA for processing of steel used in the construction industry primarily reinforcement bars into various shapes and sizes like cranked bars, stirrups, verticals, column /beam cages etc.
Company process the steel through use of automated machines from its Plant and delivers ready to use cut and bend steel rods, prefabricated cages and other steel products required for construction activities. These products are mainly used in construction activities in various sectors like roads, power plants, ports, airports, housing, bridges, metros, monorails etc.