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Surani Steel Tubes Limited IPO Details

Surani Steel Tubes Limited is a name of excellence in the field of manufacturing and supplying best ERW pipes and steel tubes. The company commenced in the July 2012 on the strong base formulated by decades of experience in this industry. The major steel manufacturing industry professionals act as spine of this company, striving to turn into the leading brand for serving various industrial sectors with adequate steel supplies.

ERW MS Pipes & steel tubes have turned the futuristic approach for ensuring smooth and advanced functioning of different industries. Be it agriculture, construction, chemicals or any other large scale industry, usage of these pipes is turning prominent. Understand this scenario in the industries of ERW MS pipes; Surani Steel has entered in the marketplace with the clear vision of fabricating and supplying the best of it. Incepted in the year July 2012, the company distinguishes itself as leading and quality manufacturer of best steel tubes.
Surani Steel Tubes Limited IPO Details
Issue Open 25-01-2019
Issue Close 29-01-2019
Allotment Date 04-02-2019
Unblocked Amount 05-02-2019
Listing Date 06-02-2019
Issue Share 24,84,000 Total Equity Share
1,26,000 Reserved by Market Maker
23,58,000 Equity Share
Issue Size ₹ 12.91 Cr
IPO Price Band ₹ 52
Minimum Share Bid [Lost Size] 2000
Minimum Investment Amount [Rs]  ₹ 1,04,000
Face Value ₹ 10
Retail Allocation 50%
Listing On NSE SME
Surani Steel Tubes Limited IPO Grey Market Premium GMP]
Latest Update Premium Kostak Subject to Sauda Recommended
16-01-2019 : 08:00 PM - - - Neutral
Surani Steel Tubes Limited IPO Financial details [in Rs, Cr]
Financial Year Total Assets Total Revenue Total Expenses Profit After Tax
FY-2014 15.41 36 36.04 -0.029
FY-2015 15.94 58.14 57.89 0.16
FY-2016 22.98 68.48 66.86 1.09
FY-2017 28.36 76.70 74.93 0.99
FY-2018 35.28 100.79 98.00 1.72
FY-2019 - - - -
Surani Steel Tubes Limited IPO Valuation Details
Earnings Per Share [EPS] ₹ 3.44
Price/Earnings [P/E] Ratio -
Return on Net Worth [RoNW] 16.56 %
Net Asset Value [NAV] ₹ 17.95 Per Share
Surani Steel Tubes Limited IPO Subscription Details
As on Date QIB/NII RII Total
Shared Offered 11,79,000 11,79,000 23,58,000
Day-1 [25-01-2019] 8,42,000 [0.71] 3,62,000 [0.31] 12,04,000 [0.51]
Day-2 [28-01-2019] 13,10,000 [1.11] 6,28,000 [0.53] 19,38,000 [0.82]
Day-3 [29-01-2019] 21,16,000 [1.79] 15,28,000 [1.30] 36,44,000 [1.55]
Day-4 [-] - [-] - [-] - [-]
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Surani Steel Tubes Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral
Surani Steel Tubes Limited IPO Contact Details
Surani Steel Tubes Limited
S.No 110,115 
Opp Vinayak TMT,
Bayad Road, Village Sampa,
Ta.: Dahegam,
Dist.: Gandhinagar - 382315
Gujarat,
India
Tel no :- 9825515372
Email: cs@suranisteel.com
Website :- http://www.suranisteel.com
Registrar of Surani Steel Tubes Limited IPO
LINK INTIME INDIA PRIVATE LIMITED
SEBI Registration Number: INR000004058
Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Maarg,
Vikhroli (West), Mumbai – 400 083, Maharashtra
Tel. Number: +91 22 4918 6200; Fax Number: +91 22 4918 6195
Email Id: axita.ipo@linkintime.co.in
Investors Grievance Id: axita.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Lead Managers of Surani Steel Tubes Limited IPO
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshava Premises, Behind Family Court, Bandra Kurla
Complex, Bandra (East), Mumbai – 400051, Maharashtra, India
Tel: +91-22 6194 6700
Fax: +91-22 2659 8690
Website: www.pantomathgroup.com
Email: ipo@pantomathgroup.com
Investor Grievance Id: ipo@pantomathgroup.com
Contact Person: Hardik Bhuta
SEBI Registration No:INM000012110
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