• Sensex   39140.28   -135.36  sensex_dwn_arr
  • Nifty   11752.80   -34.35   sensex_dwn_arr
  • Bank Nifty   30223.40   -1.01   sensex_dwn_arr
  • BSE Midcap   15382.57   -0.89  sensex_dwn_arr
  • USDINR   69.49   -0.28   sensex_dwn_arr
IPO Synopsis
Home >> IPO >> IPO Synopsis
Surani Steel Tubes Ltd
Registered Office:
SNo110 & 115 Sampa Tal-Dahegam,Opp Vinayak TMT Bayad Road,
Gandhinagar - 382315,
Gujarat, India.
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-19
29-Jan-19
52.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 2000   Further Multiples of : 2000
 
(Rs.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
Link Intime India Pvt Ltd
Link Intime India Pvt Ltd
Adani Ports & Special Economic Zone Ltd     390.55   Down   -5.10 (-1.29%)   Asian Paints Ltd     1,469.60   Up   10.60 (0.73%)   Axis Bank Ltd     771.20   Up   0.10 (0.01%)   Bajaj Auto Ltd     3,069.50   Up   1.05 (0.03%)   Bajaj Finance Ltd     3,014.45   Down   -18.05 (-0.60%)   Bajaj Finserv Ltd     7,571.15   Down   -7.80 (-0.10%)   Bharat Petroleum Corporation Ltd     362.90   Up   5.40 (1.51%)   Bharti Airtel Ltd     346.95   Down   -1.80 (-0.52%)   Bharti Infratel Ltd     307.20   Down   -5.75 (-1.84%)   Britannia Industries Ltd     2,997.75   Down   -22.75 (-0.75%)   Cipla Ltd     561.55   Up   2.20 (0.39%)   Coal India Ltd     251.45   Down   -0.15 (-0.06%)   Dr Reddys Laboratories Ltd     2,799.10   Down   -26.00 (-0.92%)   Eicher Motors Ltd     21,023.90   Down   -246.65 (-1.16%)   GAIL (India) Ltd     351.95   Up   0.35 (0.10%)   Grasim Industries Ltd     867.25   Down   -16.30 (-1.84%)   HCL Technologies Ltd     1,102.65   Down   -4.40 (-0.40%)   HDFC Bank Ltd     2,293.65   Down   -11.40 (-0.49%)   Hero Honda Motors Ltd     2,741.55   Up   1.90 (0.07%)   Hindalco Industries Ltd     207.20   Down   -7.75 (-3.61%)   Hindustan Unilever Ltd     1,739.90   Up   1.35 (0.08%)   Housing Development Finance Corporation Ltd     2,003.75   Down   -22.95 (-1.13%)   ICICI Bank Ltd     404.40   Down   -2.60 (-0.64%)   Indiabulls Housing Finance Ltd     800.55   Down   -31.90 (-3.83%)   Indian Oil Corporation Ltd     156.10   Up   0.40 (0.26%)   IndusInd Bank Ltd     1,764.30   Down   -50.85 (-2.80%)   Infosys Technologies Ltd     717.05   Down   -7.05 (-0.97%)   ITC Ltd     304.40   Down   -2.80 (-0.91%)   JSW Steel Ltd     299.15   Up   7.95 (2.73%)   Kotak Mahindra Bank Ltd     1,369.65   Down   -16.75 (-1.21%)   Larsen & Toubro Ltd     1,360.70   Down   -20.70 (-1.50%)   Mahindra & Mahindra Ltd     684.65   Down   -3.45 (-0.50%)   Maruti Suzuki India Ltd     7,447.45   Down   -11.10 (-0.15%)   NIFTY (S&P CNX)     11,752.80   Down   -34.35 (-0.29%)   NTPC Ltd     135.35   Down   -2.20 (-1.60%)   Oil & Natural Gas Corpn Ltd     160.60   Up   0.15 (0.09%)   Power Grid Corporation of India Ltd     194.30   Down   -2.55 (-1.30%)   Reliance Industries Ltd     1,385.95   Up   42.20 (3.14%)   State Bank of India     310.80   Down   -4.95 (-1.57%)   Sun Pharmaceuticals Industries Ltd     463.20   Up   0.65 (0.14%)   Tata Consultancy Services Ltd     2,150.05   Up   18.25 (0.86%)   Tata Motors Ltd     236.25   Up   5.75 (2.49%)   Tata Steel Ltd     543.10   Down   -10.15 (-1.83%)   Tech Mahindra Ltd     800.35   Up   2.25 (0.28%)   Titan Company Ltd     1,125.40   Up   5.35 (0.48%)   UltraTech Cement Ltd     4,259.95   Up   4.90 (0.12%)   UPL Ltd     934.05   Up   0.15 (0.02%)   Vedanta Ltd     178.60   Down   -6.35 (-3.43%)   Wipro Ltd     284.80   Up   3.90 (1.39%)   Yes Bank Ltd     255.80   Down   -10.65 (-4.00%)   Zee Entertainment Enterprises Ltd     402.30   Down   -13.25 (-3.19%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com