Surani Steel Tubes Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

25 Jan 2019

Close Date

29 Jan 2019

Allotment

04 Feb 2019

Listing Date

06 Feb 2019

Exchange

NSE SME

Price Band

₹52

Listing Price

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Allotment Status

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Price Band

₹52

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

24,84,000 shares (aggregating up to ₹12.92 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹104,000

1 lot

Pre-IPO Holding

58,00,000 shares

Promoters

Post-IPO Holding

82,84,000 shares

Promoters

UPI Deadline

2019-01-29

Mandate

Anchor AllotmentThu, 24 Jan 2019

Basis of AllotmentMon, 04 Feb 2019

Refund InitiationTue, 05 Feb 2019

Demat CreditTue, 05 Feb 2019

Listing DayWed, 06 Feb 2019

UPI Mandate Deadline2019-01-29

Sale TypeFresh Capital

Net Offer to Public23,58,000 shares (aggregating up to ₹12.26 Cr)

Market Maker Quota1,26,000 shares (aggregating up to ₹0.6552 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Surani Steel Tubes Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Jan 2019.

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	126,000	—	₹0.66
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,484,000	100%	₹12.92

IPO Shares Offered

Surani Steel Tubes Ltd. IPO total issue size: ₹12.92 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	126,000	₹0.66	5.07%
Total	2,484,000	₹12.92	100.00%

* Based on upper price band ₹52 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹52.00

Upper Band

Min Investment

₹104,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹208,000
Retail (Max — 13 Lots)	13	26,000	₹1,352,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,456,000
B-HNI (Min — 68 Lots)	68	136,000	₹7,072,000

* Issue Price ₹52 × Lot Size 2,000 shares

IPO Schedule

Anchor

24 Jan 2019

✓ Done

IPO Open

25 Jan 2019

✓ Done

IPO Close

29 Jan 2019

✓ Done

Allotment

04 Feb 2019

✓ Done

Refunds

05 Feb 2019

✓ Done

Demat Credit

05 Feb 2019

✓ Done

Listing Day

06 Feb 2019

✓ Done

₹52.00

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Issue ₹52.00 Live Price

About Surani Steel Tubes Ltd.

Incorporated in 2012, Gujarat based Surani Steel Tubes Limited is a company engaged in the business of manufacturing of Electric Resistance Welding Mild Steel ("ERW MS") Pipes. The company's products are used in many industries like Architectural, Infrastructural, Industrial and Engineering etc. Surani majorly relies on its dealer network to sell its products. As on March 31, 2018, it has arrangements/understanding with more than 300 dealers spread across Gujarat. Selling of scraps also contributes to its revenue.Surani Steel is ISO 9001: 2015 certified for manufacturing and Supply of ERW pipes. The company's manufacturing plant is located at Dahegam, Gandhinagar in Gujarat. The plant has installed capacity of 25,000 MT p.a. Surani is setting up a new manufacturing facility at Dahegam, Gandhinagar to increase its product range.The company has 52 employees on its payroll across various functions.

Objects of the Issue

1 Funding working capital requirements of the Company

2 General Corporate Purpose

Surani Steel Tubes Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹6,845.9

31-Mar-16

₹7,670.1

31-Mar-17

₹10,079.7

31-Mar-18

Profit After Tax (PAT)

₹109.6

31-Mar-16

₹99.9

31-Mar-17

₹172.4

31-Mar-18

Particulars	31-Mar-18	31-Mar-17	31-Mar-16
Revenue from Operations	10079.72	7670.08	6845.89
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	172.44	99.90	109.60
Net Worth	N/A	N/A	N/A
Total Assets	3528.36	2836.35	2298.30
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered24,84,000 (100.00%)

Net Offer to Public23,58,000 shares (aggregating up to ₹12.26 Cr)

Reserved for Market Maker1,26,000 shares (aggregating up to ₹0.6552 Cr)

Pre-Issue Promoter Holding58,00,000 shares

Post-Issue Promoter Holding82,84,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

suranisteel.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

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Book Running Lead Managers

Pantomath Capital Advisors Pvt.Ltd.

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

IPO Subscription FAQs

How much Surani Steel Tubes Ltd. IPO subscribed? ▲

Surani Steel Tubes Ltd. IPO is subscribed 1.00 times by Jan 29, 2019. 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 Surani Steel Tubes Ltd. IPO retail subscription status? ▼

The Surani Steel Tubes Ltd. IPO retail category is subscribed 1.00 times as of 29 Jan 2019. The retail portion is oversubscribed.

How to subscribe Surani Steel Tubes Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 25 Jan 2019 and closes 29 Jan 2019. Min investment: ₹104,000 (1 lot = 2,000 shares). UPI mandate: 2019-01-29.

How many times Surani Steel Tubes Ltd. IPO subscribed? ▼

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

How to check Surani Steel Tubes Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 04 Feb 2019. Refunds: on 05 Feb 2019.

When Surani Steel Tubes Ltd. IPO will be listed? ▼

The Surani Steel Tubes Ltd. IPO listing date is 06 Feb 2019, Wednesday. Listed on: NSE SME. Issue price: ₹52. Estimated listing: ₹52. GMP: NIL.

When Surani Steel Tubes Ltd. IPO close? ▼

The Surani Steel Tubes Ltd. IPO closes on 29 Jan 2019, Tuesday. UPI mandate: 2019-01-29. Allotment: 04 Feb 2019. Listing: 06 Feb 2019.

Quick Actions

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Live Price LIVE

Last Price₹52.00

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Issue Price₹52.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹52

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹104,000

GMPNIL

Est. Listing₹52

Subscribed1.00x

Open Date25 Jan 2019

Close Date29 Jan 2019

Allotment04 Feb 2019

Listing Date06 Feb 2019

ExchangeNSE SME

UPI Deadline2019-01-29