Riddhi Corporate Services IPO (RCSPL IPO)
Riddhi Corporate Services (RCSPL) offers its services to telecommunication service providers. The company 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
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Riddhi Corporate Services IPO details |
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| Subscription Dates | 12 – 15 June 2017 |
| IPO Price band | INR130 per share |
| Fresh issue | 950,000 shares (INR12.35 crore) |
| Offer for sale | Nil |
| Total IPO size | 950,000 shares (INR12.35 crore) |
| Minimum bid (lot size) | 1,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
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Riddhi Corporate Services’ financial performance (in INR crore) |
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| FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | 9M FY2017 | |
| Total revenue | 4.79 | 11.23 | 23.17 | 27.59 | 42.25 | 45.02 |
| Total expenses | 4.42 | 9.98 | 21.27 | 23.98 | 37.17 | 41.73 |
| Profit after tax | 0.26 | 0.87 | 0.90 | 2.73 | 3.12 | 1.92 |
| Day |
Subscription (no. of times) |
| Day 1 | 0.80 |
| Day 2 | 0.91 |
| Day 3 | 1.52 |
| Day 4 | 2.47 |
Riddhi Corporate Services Limited
10, Mill Officers Colony, Behind Old RBI, Ashram Road,
Ahmedabad, Gujarat – 380 009
Phone:Â +91 79 2658 0767
Email: [email protected]
Website: www.riddhicorporate.co.in
Earnings Per Share (EPS): INR13.56
Price/Earnings (P/E) ratio:Â 9.59
Return on Net Worth (RONW): 39.46%
Net Asset Value (NAV): INR34.38 per share
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 is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
IPO Opening Date: 12 June 2017
IPO Closing Date: 15 June 2017
Listing Date:Â 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)
Let us know the listing date
This will be bumper listing. Just look at the profits! Less than 10 PE ratio, I’m going to apply in RCSPL IPO