Surani Steel Tubes Limited IPO

NSE SME

Offer Date: Jan 25, 2019 - Jan 29, 2019

₹ 102000 /2000 Shares

IPO Details

25 Jan, 2019

Open Date

29 Jan, 2019

Close Date

04 Feb, 2019

Allotment Date

06 Feb, 2019

Listing Date

Issue Price

Rs 51/- to Rs 52/- Per Equity Share

Face Value

Rs 10/- Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Limited

Market Lot

2000 Shares ( Rs 1,04,000/- )

Lead Manager

Pantomath Capital Advisors Private Limited

Issue Size

Fresh Issue of 24,84,000 Equity Shares of Rs 10/- at a price of Rs 51/- to Rs 52/- per share aggregating to Rs 12.92/- Cr

Retail Portion

N/A

Subscription

36,44,000 1.55 times

IPO Docs

No related IPO documents available.

IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	11,79,000	11,79,000	23,58,000
Day 1 - 25-01-19	8,42,000 0.71 x	3,62,000 0.31 x	12,04,000 0.51 x
Day 2 - 28-01-19	13,10,000 1.11 x	6,28,000 0.53 x	19,38,000 0.82 x
Day 3 - 29-01-19	21,16,000 1.79 x	15,28,000 1.30 x	36,44,000 1.55 x

Valuations

Earnings Per Share (EPS)

Rs 2.08/-

P/E Ratio

RoNW

16.56%

Net Asset Value (NAV on 31.07.18)

Rs 18.65/-

Company Financials All values are in ₹ Cr.

- Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Salebhai Internet Limited	5.56	NA	- (172.01)%	0.46
Infibeam Incorporation Limited	4.25	129.69	3.27%	836.72

- Promoter(s)

Company Promoter(s)

Mr. Mukesh Patel
Mr. Dinesh Patel
Mr. Karshan Patel
Mr. Prakash Patel
Mr. Mani Patel
Prakash Karsanbhai Patel HUF
Karsanbhai Devjibhai Patel HUF

IPO - Issue Objectives

Funding the working capital requirements of the company. ( Rs [ . ] Cr )
General Corporate Purposes. ( Rs [ . ] Cr )

IPO - FAQs

Ans. Surani Steel Tubes Limited IPO is a SME IPO. The issue is priced at Rs 51/- to Rs 52/- Per Equity Share . The minimum order quantity is 2000 Shares. The IPO opens on Jan 25, 2019, and closes on Jan 29, 2019. Link Intime India Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Surani Steel Tubes Limited IPO opens on Jan 25, 2019 and closes on Jan 29, 2019.

Ans. The size of Surani Steel Tubes Limited IPO is Fresh Issue of 24,84,000 Equity Shares of Rs 10/- at a price of Rs 51/- to Rs 52/- per share aggregating to Rs 12.92/- Cr.

Ans. The IPO price band is set between Rs 51/- to Rs 52/- Per Equity Share .

Ans. To apply for Surani Steel Tubes Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Surani Steel Tubes Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Surani Steel Tubes Limited IPO is Feb 4, 2019.

Ans. The Surani Steel Tubes Limited IPO will be listed on Feb 6, 2019.

Ans. Follow the steps to check the allotment status for Surani Steel Tubes Limited IPO here.