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Open
25 Jan 2019
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Close
29 Jan 2019
3
Allotment
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Listing
Wed, Feb 6, 2019
Price Band
₹51 to ₹52
Issue Size
24,84,000 shares (agg. up to ₹13 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, Feb 6, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.38x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Jul 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 37.14 | 35.28 | 28.36 | 22.98 |
| Total Income | 36.14 | 100.80 | 76.70 | 68.46 |
| Profit After Tax | 0.41 | 1.72 | 1.00 | 1.10 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Kritika Wires Ltd. | SME | ₹15.40 Cr | ₹32 | null | ₹33.70 | +5.31% | ₹5.58 (-0.53%) |
| Supreme Engineering Ltd. | SME | ₹17.78 Cr | ₹27 | null | ₹27.55 | +2.04% | ₹0.73 (-5.19%) |
| Saketh Exim Ltd. | SME | ₹9.44 Cr | ₹69 | null | ₹69.40 | +0.58% | ₹547.20 (-0.55%) |
| Supershakti Metaliks Ltd. | SME | ₹60.01 Cr | ₹375 | null | ₹376.50 | +0.40% | ₹240.00 (+8.11%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 9.20 |
| 2 | General Corporate Purpose | 3.06 |
About Surani Steel Tubes IPO
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.+ Read More
Contact Details
Surani Steel Tubes Ltd. AddressS.No.110, 115, Opp.Vinayak TMTBayad Road, SampaTal.DahegamGandhinagar, Gujarat, 382315+91 9825515372cs@suranisteel.comVisit Website