Surani Steel Tubes IPO – Upcoming IPO of Suranli Steel Tubes Limited

Surani Steel Tubes IPO: Surani Steel Tubes Limited is issuing IPO (Initial Public Offering) from 25-January-2019 to 29-January-2019.

Surani Steel Tubes Limited is engaged in the business of manufacturing and selling of steel pipes.

surani steel tubes ipo

Surani Steel Tubes IPO Issue Details
Issue Type Book-Built Issue IPO
Issue Open 25-January-2019
Issue Closes 29-January-2019
Face Value Rs 10 per Equity Share (Retail Discount Rs 3)
Issue Price Rs 80 per Equity Share
Issue Size 2,48,000 equity shares worth Rs [.] Crores
Minimum Order 2000 Shares
Listing NSE SME

(Read: IPO process in India Steps)

Surani Steel Tubes IPO: Object of the Issue

According to the Surani Steel Tubes Limited, the net proceeds of the issue are proposed to be deployed for financing the following objects:-

  1. Funding the working capital requirements of the company, and
  2. General corporate purpose.
About Surani Steel Tubes Limited: Company Details

   Surani Steel Tubes Limited is a Gujarat based ISO 9001: 2015 certified company which was incorporated in the year 2012. This company is engaged in the business of manufacturing and selling of Electric Resistance Welding Mild Steel (ERW MS) pipes. The products of the company are utilized in many industries such as architectural, infrastructural, industrial and engineering industries. This company majorly depends on the network of dealers for selling its products. It has an arrangement of around 300 dealers spread across Gujarat. In its revenue, there is also a contribution of the selling of scraps. The company has 52 employees on its payroll and according to the last statement, it has total assets of Rs 3,528.36 Lakhs and total revenue of Rs 10,79.72 Lakhs. 

Promoters: Mukesh Patel, Dinesh Patel, Karshan Patel, Prakash Patel, Mani Patel, Karsanbhai Devijibhai Patel HUF & Prakash Karsanbhai Patel HUF.

Address of the Company: S. No. 110, 115, Opp. Vinayak TMT, Bayad Road, Sampa, Tal. Dahegam, Gandhinagar, Gujarat-382315, India.

Telephone: +91 9825515372


Lead Manager to the Surani Steel Tubes IPO

Pantomath Capital Advisors Private Limited
406-408, Keshava Premises, Behind Family Court, Bandra Kurla, Complex, Bandra East, Mumbai – 400 051, Maharashtra, India
Telephone: +91 22 6194 6700

Registrar to the Surani Steel Tubes IPO

Link Intime India Private Limited

C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai- 400 083, Maharashtra, India
Telephone: +91 22 49186200

Please go through this draft prospectus for more detailed information.

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Disclaimer: This post is just an information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions. 

Tags: #IPO #Stock Market #Surani Steel Tubes IPO #investments


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