IndiaER: Exact analysis of Ready made Steel IPO... We predicted EXACTLY what would happen

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CLICK ON link to see our Exact analysis of Ready made Steel IPO


Our analysis is BEST on street and AVAILABLE for free


We said this on JULY 12:
READYMADE STEEL IPO: Price fixed at Rs 108 (upper end); Rs 5 GMP

Expected listing price Rs 113 (as we had posted a few days back)

PLEASE keep stop loss.
Risky stock and operator driven

Sell at profit. It may jump like Rushil and Birla Pacific but fundamentals are BAD and will fall below IPO price in due course/


July 13 PO listed and did EXACTLY As we had said.

READYMADE STEEL IPO: Opens for trade tomorrow

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READYMADE STEEL IPO: Price fixed at Rs 108 (upper end); Rs 5 GMP

Expected listing price Rs 113 (as we had posted a few days back)

PLEASE keep stop loss.
Risky stock and operator driven

Sell at profit. It may jump like Rushil and Birla Pacific but fundamentals are BAD and will fall below IPO price in due course/

READYMADE STEEL IPO: Price fixed at Rs 108 (upper end); Rs 5 GMP

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READYMADE STEEL IPO: Price fixed at Rs 108 (upper end);

Rs 5 GMP

Click HERE for READYMADE STEEL INDIA LTD IPO allotment info

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Allotment is for ONLY 17 shares at 5% discount to issue price of Rs 375  at RS 356.25/ share

=> Rs 6, 056.25 deducted from ASBA

Click HERE for READYMADE STEEL INDIA LTD IPO allotment info

Readymade Steel IPO : Final Subscription 1.68x

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READYMADE STEEL INDIA LTD

Total Issue Size	3860588
Total Bids Received	6503820
Total Bids Received at Cut-off Price	5169480
No. of times issue is subscribed	1.68

Sr.No.	Category	No.of shares offered/reserved	No. of shares bid for	No. of times of total meant for the category
1	Qualified Institutional Buyers (QIBs)	1930294	62580	0.03
1(a)	Foreign Institutional Investors (FIIs)		62580
1(b)	Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)		0
1(c)	Mutual Funds		0
1(d)	Others		0
2	Non Institutional Investors	579088	793560	1.37
2(a)	Corporates		423000
2(b)	Individuals (Other than RIIs)		368580
2(c)	Others		1980
3	Retail Individual Investors (RIIs)	1351206	5647680	4.18
3(a)	Cut Off		5169480
3(b)	Price Bids		478200

Updated as on 29 June 2011 at 1800 hrs

READYMADE STEEL INDIA IPO: All details: Prospectus, Application Forms, ASBA e-form link, Grading Report

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READYMADE STEEL INDIA LTD
	*Non-Retail investors i.e. QIB and Non-Institutional Investors shall mandatorily use ASBA facility
Symbol - Series	RMS EQ
Issue Period	June 27, 2011 to June 29, 2011
Post issue Modification Period	Jun 30,2011
Issue Size	Public Issue of [.] Equity Shares of face value Rs 10/- for cash aggregating upto Rs 3474.53 Lakhs
Issue Type	100% Book Building
Price Range	Rs 90 to Rs 108
Face Value	Rs.10/-
Tick Size	Re. 1/-
Market Lot	60 equity shares
Minimum Order Quantity	60 equity shares
IPO Grading	IPO Grade 2
Rating Agency	CARE Limited
Maximum Subscription Amount for Retail Investor	Rs.200000
IPO Market Timings	10.00 a.m. to 5.00 p.m.
Book Running Lead Manager	Arihant Capital Markets Limited
Syndicate Member	Arihant Capital Markets Limited
Categories*	FI,IC,MF,FII,OTH,CO,IND,and NOH
No. of Cities with Bidding Centers	52
Name of the registrar	Bigshare Services Private Limited
Address of the registrar	E-2/3, Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri (E), Mumbai - 400 072
Contact person name number and Email id	Mr. Ashok Shetty, Tel No: 91 22 28470652 / 40430200 , Fax 9122 28475207,info@bigshareonline.com
Prospectus	Click Here
Trading Member List	Click Here
Application Forms	Click Here
ASBA e-form link	e-Forms
Grading Report	Click Here
List of Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA form	Click Here