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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