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IPO

IPO Details


Surani Steel Tubes Ltd
Registered Office: SNo110 & 115 Sampa Tal-Dahegam, Opp Vinayak TMT Bayad Road, Gandhinagar - 382315, Gujarat
Phone: 91-9825515372
Email: cs@suranisteel.com
Website: www.suranisteel.com
Initial public offer consisiting of fresh issue of 24,84,000* equity shares of face value of Rs. 10 each fully paid for cash at a price of Rs. 52 per equity share (the "issue price") (including a share premium of Rs. 42 per equity share) aggregating up to Rs. 12.92** Crores (the "issue") of which 1,26,000 equity shares of face value Rs. 10 each for cash at a price of Rs. 52 per equity share, aggregating Rs. 0.66 Crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 23,58,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 52 per equity share, aggregating Rs. 12.26 Crores is hereinafter refered to as the "net issue". The issue and the net issue will constitute 29.99% and 28.46%, respectively of the fully diluted post issue paid up equity share capital of the company. The face value of equity shares is Rs.10 each. The issue price is Rs.52 and is 5.20 times the face value of the equity share.
Issue Money Payable On
Opens On Closes On Application Allotment
25-Jan-2019 29-Jan-2019 ₹ 52.00 ₹ 0.00
Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0
(₹)Cr. Lead Managers to the Issue
Project Cost 12.92 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 12.92
Post Issue Equity Share Capital 8.28
Issue Price ₹52.00
Projects
Funding the Working Capital Requirements of the Company
General Corporate Purposes
Funding the Working Capital Requirements of the company
General Corporate Purposes
Promoted By
Mukesh Patel
Karshan Patel
Prakash Patel
Mukesh Patel
Dinesh Patel
Karshan Patel
Listing At
NSE - SME
NSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

83,755.87 1,000.36 (1.21%)

Nifty

25,549.00 304.25 (1.21%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

24,325.41 -149.27(-0.61%)