Riddhi Corporate Services IPO

Riddhi Corporate Services IPO

Riddhi Corporate Services IPO (RCSPL IPO)

Riddhi Corporate Services IPO

Riddhi Corporate Services (RCSPL) offers its services to telecommunication service providers. It provides 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, Riddhi Corporate Services renders services of Collection of Dues, Retention, Bill Delivery management Services along with over dues amount from subscriber by way Tele calling, Field visit, Address the Customer's Issue and retain the Customer, Escalation Management while collecting Overdue Amount.

During the FY 2012-13, the company has also started rendering services to Banking sector. It undertakes Address Verification (AV) and Credit Verification (CV) - Verification of Residence and Office of borrower and/or co borrowers or/and Guarantors (if any). Visit the applicant’s residence and office and office address and confirm the residential and employment status of the applicant. Assess the details as mentioned by applicant to Bank while applying for a loan, standard of living of the applicant. Assess the ease of approaching the address. Identify the name and the relationship of the person met at the applicant’s address.

The company is also 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, Non Banking Financing Institutions, E-Wallet Service provider etc.

Promoters of Riddhi Corporate Services – Pravinchandra Gor, Alpit Gor and Jayshreeben Gor

Riddhi Corporate Services IPO details

Subscription Dates12 - 15 June 2017
IPO Price bandINR130 per share
Fresh issue 950,000 shares (INR12.35 crore)
Offer for sale Nil
Total IPO size950,000 shares (INR12.35 crore)
Minimum bid (lot size)1,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform

 

Riddhi Corporate Services' financial performance (in INR crore)

FY2012FY2013FY2014FY2015FY20169M FY2017
Total revenue4.7911.2323.1727.5942.2545.02
Total expenses4.429.9821.2723.9837.1741.73
Profit after tax0.260.870.902.733.121.92

Riddhi Corporate Services IPO Subscription Details

Day

Subscription (no. of times)

Day 10.80
Day 20.91
Day 31.52
Day 42.47

Riddhi Corporate Services Contact Details

Riddhi Corporate Services Limited
10, Mill Officers Colony, Behind Old RBI, Ashram Road,
Ahmedabad, Gujarat – 380 009

Phone: +91 79 2658 0767
Email: [email protected]
Website: www.riddhicorporate.co.in

Riddhi Corporate Services Valuation (latest FY)

Earnings Per Share (EPS): INR13.56

Price/Earnings (P/E) ratio: 9.59

Return on Net Worth (RONW): 39.46%

Net Asset Value (NAV): INR34.38 per share

Registrar of Riddhi Corporate Services IPO

Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate,
JR Boricha Marg, Lower Parel (E)
Mumbai - 400 011

Phone: +91 22 2301 6761
Fax: +91 22 2301 2517
Email: [email protected]
Website: www.purvashare.com

Riddhi Corporate Services IPO Allotment Status

Riddhi Corporate Services IPO allotment status is now available on Purva Sharegistry's website. Click on this link to get allotment status.

LISTING PERFORMANCE OF Riddhi Corporate Services IPO

IPO Opening Date: 12 June 2017

IPO Closing Date: 15 June 2017

Listing Date: 22 June 2017

Listing Price on BSE SME: INR130 per share (flat from IPO price)

Closing Price on BSE SME: INR131.5 per share (up 1.15% from IPO price)

2 COMMENTS

  1. This will be bumper listing. Just look at the profits! Less than 10 PE ratio, I’m going to apply in RCSPL IPO

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