IPO Synopsis

Surani Steel Tubes Ltd

Registered Office: SNo110 & 115 Sampa Tal-Dahegam,Opp Vinayak TMT Bayad Road, Gandhinagar - 382315, Gujarat, India. 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-19 29-Jan-19 Money Payable On Application Allotment 52.00 0.00 Minimum Application for shares in Nos : 2000 Further Multiples of : 2000 Cr Lead Managers to the Issue Project Cost (.Cr) 12.92 Pantomath Capital Advisors Pvt Ltd Project Financed through Current Offer (.Cr) 12.92   Post Issue Equity Share Capital (.Cr) 8.28 Issue Price () 52.00

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

No Data Available