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Steel City Securities Ltd.

Steel City Securities Ltd.

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹55
₹55
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹55
Based on GMP
Min. Investment
₹110,000
1 lot × 2000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
06 Feb 2017
Close Date
09 Feb 2017
Allotment
15 Feb 2017
Listing Date
17 Feb 2017
Exchange
NSE SME
Price Band
₹55
Listing Price
See chart
Allotment Status
Price Band
₹55
Per share
Face Value
₹10 per share
 
Lot Size
2,000 Shares
per lot
Issue Size
49,08,000 shares (aggregating up to ₹26.99 Cr)
Total offering
Issue Type
Fixed Price IPO
 
Min Investment
₹110,000
1 lot
Pre-IPO Holding
1,23,80,912 shares
Promoters
Post-IPO Holding
1,51,07,095 shares
Promoters
UPI Deadline
2017-02-09
Mandate
Anchor AllotmentSun, 05 Feb 2017
Basis of AllotmentWed, 15 Feb 2017
Refund InitiationThu, 16 Feb 2017
Demat CreditThu, 16 Feb 2017
Listing DayFri, 17 Feb 2017
UPI Mandate Deadline2017-02-09
Sale TypeFresh Capital-cum-Offer for Sale
Net Offer to Public46,62,000 shares (aggregating up to ₹25.64 Cr)
Market Maker Quota2,46,000 shares (aggregating up to ₹1.35 Cr)
Fresh Issue Shares24,80,183 shares (aggregating up to ₹13.64 Cr)
Offer for Sale21,81,817 shares of ₹10 (aggregating up to ₹12.00 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Steel City Securities Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 09 Feb 2017.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
246,000
₹1.35
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
4,908,000
100% ₹26.99
IPO Shares Offered
Steel City Securities Ltd. IPO total issue size: ₹26.99 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 246,000 ₹1.35
5.01%
Total 4,908,000 ₹26.99
100.00%
* Based on upper price band ₹55 per share
Lot Size & Investment
Lot Size
2,000
Shares per Lot
Issue Price
₹55.00
Upper Band
Min Investment
₹110,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)24,000₹220,000
Retail (Max — 13 Lots)1326,000₹1,430,000
S-HNI (Min — 14 Lots)1428,000₹1,540,000
B-HNI (Min — 68 Lots)68136,000₹7,480,000
* Issue Price ₹55 × Lot Size 2,000 shares
IPO Schedule
Anchor
05 Feb 2017
✓ Done
IPO Open
06 Feb 2017
✓ Done
IPO Close
09 Feb 2017
✓ Done
Allotment
15 Feb 2017
✓ Done
Refunds
16 Feb 2017
✓ Done
Demat Credit
16 Feb 2017
✓ Done
Listing Day
17 Feb 2017
✓ Done
Steel City Securities Ltd. — Live Price LIVE
₹55.00
INR · NSE
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Issue ₹55.00 Live Price
About Steel City Securities Ltd.
Incorporated in 1994, Steel City Securities Limited is a stock broking and e-governance service company. Steel City is based out of Visakhapatnam, AP.Steel City offers wide range of financial products in 30 states if India. the offering includes Capital Market services, E-Governance services, Investment advisory in the form of distribution of Mutual Funds, Bonds, IPOs & Corporate Fixed Deposits, Currency Trading, Commodity Broking, Insurance Distribution & NBFC services.Key offerings:1. Steel City is the member of NSE, BSE, MCX, NCDEX & MSE for stock, derivatives, commodity and currency segment.2. Steel City is a Depository Participant of NSDL & CDSL.3. Steel City offers online E-Broking portal which provides online trading platform to the clients supported by investment advice and equity research.4. Steel City through its Subsidiary viz; Steel City Commodities Private Limited, provides commodities trading to its clients through its trading platform on NCDEX & MCX.5. Steel City Commodities Private Limited also provides distribution of life &non life insurance products of all the leading insurance Companies.6. It holds approval from IRDA to conduct the said insurance business.7. It is an authorized distributor of insurance policies of SBI Life, Religare Health and United India Insurance Company Limited.8. Steel City through one of its Group Company viz; Steel City Financial Services Private Ltd systematically important non deposit accepting Non Banking Finance Company) provide NBFC services to its clients.9. Company offers verity of E-Governance servicesFacts about Steel City Securities as of FY 2015-16:1. Company has 88,912 clients registered for stock trading.2. Company has 4,260 clients for currency trading.3. Company has 11,617 clients for commodity trading.4. Total Demat accounts: 1,31,446.5. Total brokerage earning: Rs 20.62 crores.
Objects of the Issue
1
Investment in technology upgradation & office infrastructure for expansion of e business
2
Setting up of AADHAAR Enrolment centre at all the existing branches
3
Enhancement of the Company’s brand through advertising and other brand-building activities
4
Working Capital Requirements
5
Offer Expenses
6
General Corporate Purpose
Steel City Securities Ltd. Financials (Amount in Rs Cr)
Revenue from Operations
N/A
FY 2022-23
N/A
FY 2023-24
N/A
FY 2024-25
Profit After Tax (PAT)
N/A
FY 2022-23
N/A
FY 2023-24
N/A
FY 2024-25
ParticularsFY 2024-25FY 2023-24FY 2022-23
Revenue from Operations N/A N/A N/A
EBITDA N/A N/A N/A
Profit After Tax (PAT) N/A N/A N/A
Net Worth N/A N/A N/A
Total Assets N/A N/A N/A
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Financial data will be published once DRHP/RHP is filed with SEBI.
Issue Structure & Shareholding
Total Shares Offered49,08,000 (100.00%)
Net Offer to Public46,62,000 shares (aggregating up to ₹25.64 Cr)
Reserved for Market Maker2,46,000 shares (aggregating up to ₹1.35 Cr)
Pre-Issue Promoter Holding1,23,80,912 shares
Post-Issue Promoter Holding1,51,07,095 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Keynote Financial Services Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Steel City Securities Ltd. IPO subscribed?

Steel City Securities Ltd. IPO is subscribed 1.00 times by Feb 09, 2017. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Steel City Securities Ltd. IPO retail subscription status?

The Steel City Securities Ltd. IPO retail category is subscribed 1.00 times as of 09 Feb 2017. The retail portion is oversubscribed.

How to subscribe Steel City Securities Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 06 Feb 2017 and closes 09 Feb 2017. Min investment: ₹110,000 (1 lot = 2,000 shares). UPI mandate: 2017-02-09.

How many times Steel City Securities Ltd. IPO subscribed?

The Steel City Securities Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Steel City Securities Ltd. IPO allotment?

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 15 Feb 2017. Refunds: on 16 Feb 2017.

When Steel City Securities Ltd. IPO will be listed?

The Steel City Securities Ltd. IPO listing date is 17 Feb 2017, Friday. Listed on: NSE SME. Issue price: ₹55. Estimated listing: ₹55. GMP: NIL.

When Steel City Securities Ltd. IPO close?

The Steel City Securities Ltd. IPO closes on 09 Feb 2017, Thursday. UPI mandate: 2017-02-09. Allotment: 15 Feb 2017. Listing: 17 Feb 2017.