Steelman Telecom Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Sep 2022

Close Date

29 Sep 2022

Allotment

07 Oct 2022

Listing Date

10 Oct 2022

Exchange

BSE SME

Price Band

₹96

Listing Price

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Allotment Status

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Price Band

₹96

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

27,10,800 shares (aggregating up to ₹26.02 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹115,200

1 lot

Pre-IPO Holding

77,79,000 shares

Promoters

Post-IPO Holding

96,76,200 shares

Promoters

P/E (Pre)

23.41x

UPI Deadline

2022-09-29

Mandate

Anchor AllotmentSun, 25 Sep 2022

Basis of AllotmentFri, 07 Oct 2022

Refund InitiationMon, 10 Oct 2022

Demat CreditMon, 10 Oct 2022

Listing DayMon, 10 Oct 2022

UPI Mandate Deadline2022-09-29

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public25,75,200 shares (aggregating up to ₹24.72 Cr)

Market Maker Quota1,35,600 shares (aggregating up to ₹1.30 Cr)

Fresh Issue Shares17,61,600 shares (aggregating up to ₹16.91 Cr)

Offer for Sale8,13,600 shares of ₹10 (aggregating up to ₹7.81 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Steelman Telecom Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Sep 2022.

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	135,600	—	₹1.30
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,710,800	100%	₹26.02

IPO Shares Offered

Steelman Telecom Ltd. IPO total issue size: ₹26.02 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	135,600	₹1.30	5.00%
Total	2,710,800	₹26.02	100.00%

* Based on upper price band ₹96 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹96.00

Upper Band

Min Investment

₹115,200

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹230,400
Retail (Max — 13 Lots)	13	15,600	₹1,497,600
S-HNI (Min — 14 Lots)	14	16,800	₹1,612,800
B-HNI (Min — 68 Lots)	68	81,600	₹7,833,600

* Issue Price ₹96 × Lot Size 1,200 shares

IPO Schedule

Anchor

25 Sep 2022

✓ Done

IPO Open

26 Sep 2022

✓ Done

IPO Close

29 Sep 2022

✓ Done

Allotment

07 Oct 2022

✓ Done

Refunds

10 Oct 2022

✓ Done

Demat Credit

10 Oct 2022

✓ Done

Listing Day

10 Oct 2022

✓ Done

₹96.00

INR · BSE

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Issue ₹96.00 Live Price

About Steelman Telecom Ltd.

Incorporated in 2013, Steelman Telecom Limited offer support services and solutions to address the Network requirements of the Telecom industry. The company provide services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions and Managed Services for network maintenance.The company is headquartered in Kolkata Our branch offices are located at Bhubaneshwar & Gurgaon.Steelman Telecom Limited offers services such as Telecom Implementation Service, Radio Frequency Services, Engineering Procurement Construction Management, Managed Services, Operation and Maintenance services, Payroll & Resource Management and New Generation Technology.Competitive Strengths:Experienced management and skilled team.Established relationships with existing customers.Comprehensive Telecom Support Services.Timely Delivery of Projects.

Objects of the Issue

1 Investment in Subsidiary

2 Working Capital Requirements

3 General Corporate Purposes

Steelman Telecom Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹10,116.3

31-Mar-22

₹9,015.5

31-Mar-21

₹8,794.6

31-Mar-20

Profit After Tax (PAT)

₹396.6

31-Mar-22

₹137.6

31-Mar-21

-₹22.9

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	8794.62	9015.50	10116.31
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	-22.91	137.64	396.58
Net Worth	985.21	1149.14	1540.72
Total Assets	3621.76	3698.44	4525.76
Reserves & Surplus	486.61	650.54	1042.12
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered27,10,800 (100.00%)

Net Offer to Public25,75,200 shares (aggregating up to ₹24.72 Cr)

Reserved for Market Maker1,35,600 shares (aggregating up to ₹1.30 Cr)

Pre-Issue Promoter Holding77,79,000 shares

Post-Issue Promoter Holding96,76,200 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

investor@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Gretex Corporate Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Steelman Telecom Ltd. IPO subscribed? ▲

Steelman Telecom Ltd. IPO is subscribed 1.00 times by Sep 29, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Steelman Telecom Ltd. IPO retail subscription status? ▼

The Steelman Telecom Ltd. IPO retail category is subscribed 1.00 times as of 29 Sep 2022. The retail portion is oversubscribed.

How to subscribe Steelman Telecom Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Sep 2022 and closes 29 Sep 2022. Min investment: ₹115,200 (1 lot = 1,200 shares). UPI mandate: 2022-09-29.

How many times Steelman Telecom Ltd. IPO subscribed? ▼

The Steelman Telecom Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Steelman Telecom 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: 07 Oct 2022. Refunds: on 10 Oct 2022.

When Steelman Telecom Ltd. IPO will be listed? ▼

The Steelman Telecom Ltd. IPO listing date is 10 Oct 2022, Monday. Listed on: BSE SME. Issue price: ₹96. Estimated listing: ₹96. GMP: NIL.

When Steelman Telecom Ltd. IPO close? ▼

The Steelman Telecom Ltd. IPO closes on 29 Sep 2022, Thursday. UPI mandate: 2022-09-29. Allotment: 07 Oct 2022. Listing: 10 Oct 2022.

Quick Actions

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Live Price LIVE

Last Price₹96.00

Change—

Issue Price₹96.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹96

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹115,200

GMPNIL

Est. Listing₹96

Subscribed1.00x

Open Date26 Sep 2022

Close Date29 Sep 2022

Allotment07 Oct 2022

Listing Date10 Oct 2022

ExchangeBSE SME

UPI Deadline2022-09-29