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Surani Steel Tubes Ltd

Surani Steel Tubes Ltd

    Registered Office : SNo110 & 115 Sampa Tal-Dahegam,Opp Vinayak TMT Bayad Road,Gandhinagar Gujarat 382315 Phone : 91-9825515372
    Fax :

    Email : cs@suranisteel.com

    Website : www.suranisteel.com

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

Opens On

Closes On

25-Jan-2019

29-Jan-2019

Money Payable On

Application

Allotment

52.00

0.00

Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

12.92

12.92

8.28

52.00

Pantomath Capital Advisors Pvt Ltd

Pantomath Capital Advisors Pvt Ltd

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
  • MUFG Intime India Pvt Ltd
  • MUFG Intime India Pvt Ltd