IPO Issue Details
Issue Price / Price Band₹130 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size9,50,000 shares (aggregating up to ₹12.35 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 12 Jun 2017
Subscription CloseThu, 15 Jun 2017
Anchor AllotmentSun, 11 Jun 2017
Basis of AllotmentWed, 21 Jun 2017
Initiation of RefundsThu, 22 Jun 2017
Credit of Shares to DematThu, 22 Jun 2017
Listing DateThu, 22 Jun 2017
UPI Mandate Deadline2017-06-15
Application & Investment Details
Retail — Min (1 Lots)₹1,30,000 — 1,000 shares
Retail — Max (13 Lots)₹1,690,000 (13 Lots)
HNI — Min (2 Lots)₹2,60,000 — 2,000 shares
P/E Ratio (Pre-IPO)16x
Net Offer to Public9,00,000 shares (aggregating up to ₹11.70 Cr)
Reserved for Market Maker50,000 shares (aggregating up to ₹0.6500 Cr)
Pre-IPO Promoter Holding23,00,000 shares
Post-IPO Promoter Holding32,50,000 shares
About Riddhi Corporate Services Ltd.
Incorporated in 2009, Riddhi Corporate Services Ltd is engaged in Business Process Outsourcing (BPO) to serve the needs of Telecom, Banking, Govt Institutions, Insurance Companies rendering services to Telecommunication Service provider, Banking Sector, NonBanking Financing Institutions, E-Wallet Service provider etc.Company commenced its business activities by rendering services to Telecommunication service providers. They provide services of Data Management, Collection and Handling of Customer Application Form (CAF), Audit of CAF, order entry of CAF, CAF Barcoding, Inward, Storage and Retrieval of Data, Temporary Indexing, Data Entry, Scanning, uploading and Sample image Audit at Spoke Level. In addition, they are rendering services of Collection of Dues, Retention, Bill Delivery management Services along with over dues amount from subscriber by way Telecalling, Field visit, Address the Customer's Issue and retain the Customer, Escalation Management while collecting Overdue Amount.
Objects of the Issue
Riddhi Corporate Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Acquisitions and Other Strategic Initiatives
2.23
3
General Corporate Purpose
3.00
4
Public Issue Expenses
0.50
Shareholding & Lock-in
Pre-IPO Promoter Holding
23,00,000 shares
Post-IPO Promoter Holding
32,50,000 shares