Readymade Steel India IPO (Initial Public Offering) : Allotment Staus

by khalid on 09/07/2011 · 0 comments

Readymade Steel India Limited has entered the primary market with an Initial Public Offer (IPO) of 3,860,588 Equity Shares of Rs 10 each. The IPO was open on 27th Jun 2011 and got close for subscription on 29th Jun 2011. The premium of the issue will be decided through a 100% Book Building Process. The company is likely to raise around Rs 34.75 Crore through the issue at the upper level of price band. Readymade Steel India Limited is in the business of steel service provider to the infrastructure sector. The company provide customised, prefabricated steel for various infrastructure projects

Details of different category subscription is as follows……

Total Issue Size : Rs. 34.75 Crores
No. of times issue is subscribed : 1.68 Times
Qualified Institutional Buyers (QIBs) : 0.03 times
Non Institutional Investors : 1.37 times
Retail Individual Investors : 4.18 times
Overall : 1.68 times

Allotment Status of Readymade Steel India IPO is available at this time. IPO share allotment process usually takes two weeks from the date of issue closing date. It can be seen in the following link :-
My allotment status

Stay tuned to BelltheBull Blog for more news on Readymade Steel India IPO !

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