Riddhi Corporate Services Ltd - IPO

Riddhi Corporate Services Ltd IPO Details

Public issue of 9,50,000 equity shares of face value of Rs. 10/- each of Riddhi Corporate Services Limited (RCSL) or the company or the issuer) for cash at a price of Rs. 130 per equity share including a share premium of Rs.120 per equity share (the issue price) aggregating to Rs. 12.35 crores (the issue), of which 50,000 equity shares of face value of Rs. 10 each will for cash at a price of Rs.130 per equity share including a share premium of Rs.120 per equity share aggregating to Rs.0.65 Crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Net issue of 9,00,000 equity shares of face value of Rs. 10 each at a price of Rs.130 per equity share aggregating to Rs. 11.70 crores is herein after referred to as the net issue. The issue and the net issue will constitute 29.23% and 27.69%, respectively of the post issue paid up equity share capital of the company.The face value of the Equity shares is Rs.10 each and the issue price is 13 Times of the face value.

Objective of issue

Acquisitions and other strategic initiatives. Capital expenditure. General corporate purpose.

Riddhi Corporate Services Ltd Contact Details

Riddhi Corporate Services Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 91-22-23010771/23018261

Fax - 91-22-23012517

Email - investor@rcspl.net

Website - www.riddhicorporate.co.in