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Open
6 Feb 2017
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Close
9 Feb 2017
3
Allotment
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Listing
Fri, Feb 17, 2017
Price Band
₹55 per share
Issue Size
49,08,000 shares (agg. up to ₹27 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Feb 17, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 4.76x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in technology upgradation & office infrastructure for expansion of e business | 3.90 |
| 2 | Setting up of AADHAAR Enrolment centre at all the existing branches | 2.64 |
| 3 | Enhancement of the Company’s brand through advertising and other brand-building activities | 2.50 |
| 4 | Working Capital Requirements | 2.00 |
| 5 | Offer Expenses | 2.20 |
| 6 | General Corporate Purpose | 1.75 |
About Steel City Securities IPO
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
Contact Details
Steel City Securities Ltd. Address49-52-5/4ShantipuramVisakhapatnam, Andhra Pradesh, 530016(0891) 2549675-79/2762581srividya.m@steelcitynettrade.comVisit Website