| Public issue of 23,40,000 equity shares of Rs.10 each ("equity shares") of Riddhi Steel and Tube Limited ("RSTL" or The "Company" or The "Issuer") for cash at a price of Rs.38 per share (the "Issue price"), aggregating to Rs. 8.89 crores ("The Issue") of which, 1,26,000 equity shares of Rs. 10 each 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. Issue of 22,14,000 equity shares of Rs. 10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 28.22% and 26.71%, 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 of Rs. 38/- is 3.80 times of the face value.
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