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Readymade Steel India Ltd. IPO 

Click Here to Readymade Steel India Ltd. IPO Allotment Status

Readymade steel (RMS) was started in 2006 as a steel service provider to the infrastructure sector. Although the concept of prefabricated steel was prevalent in many parts of the world, it was not as widely known here in India. We take pride in being one of the pioneers of the concept of “Readymade  steel” in India. We provide customised, prefabricated steel for various infrastructure projects. We have provided prefabricated steel to certain landmark and prestigious projects.At RMS, we cut and bend reinforcement steel ranging from a diameter of 6 mm to 40 mm using state of the art automated shearing lines and computerized stirrup making and bending machines. The software system used for cut and bend is one of the finest in India. This is a ISO 9001:2008 certified company.

This company ideology persuades us to constantly improvise our production process, marketing strategies and client satisfaction. This company aim to provide the best products and services. There is continuous R&D of existing technologies and that of possible new introductions.  

Keeping with this company mantra of constant evolution in all spheres, this company shortly intend to introduce the welded wire mesh. The construction industry is constantly evolving. Shortage of skilled manpower has led to new ways of working. But there is also a sharp increase in costs and the pressure to ensure the completion of a project on time is enormous. RMS keeps abreast of all these demands and is conveniently placed to cope with the increasing demands of the construction industry. We have a team of engineers and technicians who ensure the well defined process flow is strictly adhered tofor delivering high quality products well within the stipulated time. Company have a dedicated client servicing team who ensure that all your queries, during production and after delivery to your site, are prioritized and dealt with.  Readymade Steel is used in commercial and residential projects and various infrastructure works like the metro/mono-rail, bridges, highways, power plants, etc. Cut and bent steel is used in columns, beams, foundations and slabs. 

Company are proud to have an esteemed clientele which includes construction giants like Larsen & Toubro, Nagarjuna Construction Company  Ltd. Etc.

Issue Detail: 
»»  Issue Open: Jun 27, 2011 - Jun 29, 2011 
»»  Issue Type: 100% Book Built Issue IPO 
»»   Issue Size: Equity Shares of Rs. 10 
»»   Issue Size: Rs. 34.75 Crore 
»»   Face Value: Rs. 10 Per Equity Share 
»»   Issue Price: Rs. - Rs. Per Equity Share 
»»   Market Lot: will be declared before start issue
»»   Minimum Order Quantity: will be declared before start issue
»»   Listing At: BSE

IPO Subscription Detail / IPO Oversubscription Details / IPO Bidding Status:

Number of Times Issue is Subscribed (BSE + NSE)
Date & Time
Non Institutional Investors (NIIs)
Retail Individual Investors (RIIs)
  Shares Offered / Reserved  1,930,294   579,088   1,351,206   3,860,588 
   Day 1 - June 27, 2011 0.0000  0.0000  0.1400  0.0500 
   Day 2 - June 28, 2011 0.0000  0.4200  0.9200  0.3800 
   Day 3 - June 29, 2011 0.0300  1.3700  4.1800  1.6800



Readymade Steel India Ltd. IPO Allotment Status


Readymade Steel India Ltd. IPO Basis Of Allotment


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