Readymade Steel India IPO (Initial Public Offering) : Settled at 38.47% discount on debut

by khalid on 14/07/2011 · 0 comments

Readymade Steel India Limited’s shares got debuted at Rs 115.00, a 6.34% premium over its initial public offering (IPO) price of Rs 108.00 on the Bombay Stock Exchange (BSE). At the end of the day, shares price was Rs 66.45 which is a discount of 38.47% over the issue price of Rs 108.00. The stock hit a high of Rs 117.75 and a low of Rs 62.30 on the listing day. A total of 33,979,906 shares changed hands on the BSE. 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 .

Listing day Summary :-
Listing Date: 13th July 2011
BSE Scrip Code : 533482
NSE Symbol :
Listing In : ‘B’ Group of Securities
ISIN : INE524L01018
Issue Price : Rs. 108.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the BSE:-
Issue Price: Rs. 108.00
Open : 115.00
High : 117.75
Low : 62.30
Close : 66.45
Last Trade : 66.45

Readymade Steel India Limited has raised Rs 34.75 crore through an initial public offering of 3,217,157 equity shares.

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

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