Monday, January 21, 2019

Surani Steel IPO Dates, Review, Price Band, Allotment & Market Lot

 Monday, January 21, 2019  
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Surani Steel Tubes Limited is incorporated 2012 based in Gujarat. The company is a manufacturer of electric resistance welding mild steel pipes. The products used by Architectural, Infrastructural, Industrial and Engineering etc. industries. They have good network of the dealers. The company has over 50 employees on payroll. Surani Steel ipo is starting from 25-January and ends on 29-January. The price band is around Rs.52-52 with 2000 market lot. The ipo size is around 12.26 crore rupees.

IPO Review:
  • Good for Listing Gain
Surani Steel IPO Dates & Price Band:
  • IPO Open: 25-January-2019
  • IPO Close: 29-January-2019
  • IPO Size: Approx Rs. 12.26 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs. 51-52 Per Equity Share
  • Listing on: NSE SME
  • Shares: 2,358,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 2000 Shares (Minimum Lot Size)
  • Amount: Rs. 1,04,000
IPO Allotment & Listing:
  • Basis of Allotment: 04-February-2019
  • Refunds: 05-February-2019
  • Credit to demat accounts: 06-February-2019
  • Listing: 07-February-2019
Financial Results:
  Rs. in Crore
Revenue Assets PAT
2014 36.0 36.0 -0.03
2015 58.1 57.9 0.16
2016 68.5 66.9 1.10
2017 76.7 74.9 1.00
2018 100.8 98.0 1.72

Surani Steel IPO Important Links:

Surani Steel IPO Allotment Status:
Company Promoters:
  • Mukesh Patel
  • Dinesh Patel
  • Karshan Patel
  • Prakash Patel
  • Mani Patel
  • Prakash Karsanbhai Patel HUF
  • Karsanbhai Devjibhai Patel HUF
Quick Links:
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

IPO Registrar:
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]

IPO Lead Managers:
  • PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Company Address:
Surani Steel Tubes Contact Details
Surani Steel Tubes Limited
S. No. 110, 115, Opp. Vinayak TMT
Bayad Road, Sampa, Tal. Dahegam
Gandhinagar, Gujarat-382315
Phone: +91 9825515372
Email: [email protected]
Website: www.suranisteel.com

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