Surani Steel Tubes Limited IPO

Surani Steel Tubes Limited Profile:

Surani Steel Tubes Limited IPO News, Allotment Status. Listing DateSurani Steel Tubes Limited is a name of excellence in the field of manufacturing and supplying best Electric Resistance Welding Mild Steel (ERW) pipes and steel tubes. The company started in the July 2012 based in Dahegam, Gandhinagar, Gujarat. The company has the strong base expressed by decades of experience in this industry. The major steel manufacturing industry professionals act as the spine of this company, striving to turn into the leading brand for serving various industrial sectors with adequate steel supplies.

The Surani Steel Tubes Limited is incepted and being managed by the experienced professionals, having decades of experience in ERW MS Pipes and steel tubes manufacturing. The positioning of best resources and state of art manufacturing facilities with the stronger back of technology. These exclusive efforts put together by them reflect through the quality range of their products. They serve the marketplace with a grand range of ERW pipes.

They strive to become the world’s leading ERW MS Pipes and steel tubes manufacturers. The aim of the company is to establish their yardstick for creating quality creation while adhering to expectations of Corporate Social conscience. The company works constantly to turn their vision into reality through core values.

Surani Steel Tubes Limited Promoters:

The Promoter of the company are Mukesh Patel, Dinesh Patel, Karshan Patel, Prakash Patel, Mani Patel, Karsanbhai Devjibhai Patel HUF & Prakash Karsanbhai Patel HUF.

Surani Steel Tubes Limited IPO details:


Symbol: SURANI

Issue Size: The Public Offer of up to 24,84,000 Equity Shares (includes 1,26,000 market maker portion)

Face Value: Rs 10

Price Range: Rs 51 to Rs 52

Issue Type: Price Band

Bid Lot: 2,000 equity shares and in multiples thereof.

Minimum Order Quantity: 2000 Equity Shares

Issue Period: 25-Jan-2019 to 29-Jan-2019

Maximum Subscription Amount for Retail Investor: Rs. 2, 00,000

Name of the Registrar: Link Intime India Private Limited

IPO Market Timings: 10.00 a.m. to 5.00 p.m.

Listing at: NSE SME

Surani Steel Tubes Limited Financials:

                            Surani Steel’s consolidated financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018 4M FY2019
Total revenue 36.0 58.1 68.5 76.7 100.0 36.1
Total expenses 36.0 57.9 66.9 74.9 98.0 35.8
Profit after tax -0.03 0.16 1.10 1.00 1.72 0.41

 

Surani Steel Tubes Limited Allotment Status:


Surani Steel Tubes Limited IPO Allotment Date: N/A
Surani Steel Tubes Limited IPO Listing Date: N/A

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