Wednesday, August 31, 2016

Riddhi Steel BSE SME IPO to open on Sep 2nd

Riddhi Steel and Tube Ltd is entering in the capital markets (through BSE SME) with an initial public offering, IPO of 2,340,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 38.

Riddhi Steel and Tube Ltd is engaged in the manufacturing of black and galvanized steel pipes. Information in this paragraph is taken from, India's No. 1 IPO Investment Portal.They also manufacture steel square hollow sections (SHS) and rectangular hollow sections (RHS) in a various size and thickness.

The issue opens on Sep 02, 2016 and closes for subscription on Sep 07, 2016. The equity shares of the issue are proposed to be listed on the SME Platform of BSE.