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Surani Steel Tubes Limited IPO
NSE SMERs 1,04,000/- ) / 2000 Shares
Surani Steel Tubes Limited IPO Details
The Surani Steel Tubes Limited IPO price band is set between Rs 51/- to Rs 52/- Per Equity Share, with a face value of Rs 10/- per share. The issue is managed by Link Intime India Private Limited, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 25 Jan, 2019 and closes on 29 Jan, 2019. Investors can check the allotment status on 4 Feb, 2019, while the listing date is tentatively scheduled for 6 Feb, 2019.
The total issue size is Fresh Issue of 24,84,000 Equity Shares of Rs 10/- at a price of Rs 51/- to Rs 52/- per share aggregating to Rs 12.92/- Cr, aggregating up to . Stay tuned for the latest Surani Steel Tubes Limited IPO review and GMP updates.
Surani Steel Tubes Limited IPO Review, Rating & Analysis
Surani Steel Tubes Limited IPO Review
NO REVIEWSurani Steel Tubes Limited IPO Rating
Surani Steel Tubes Limited IPO Highlights
IPO Date
Jan 25, 2019 - Jan 29, 2019
Listing Date
6 Feb, 2019
Face Value
Rs 10/- Per Equity Share
Price Band
Rs 51/- to Rs 52/- Per Equity Share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Surani Steel Tubes Limited IPO Lot Size
The minimum market lot for Surani Steel Tubes Limited IPO is 2000 shares with an application amount of ₹1,04,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,04,000 |
| Retail (Max) | 1 | 2000 | ₹1,04,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,08,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,36,000 |
| B-HNI (Min) | 10 | 20000 | ₹10,40,000 |
Surani Steel Tubes Limited IPO Timeline
Issue Price
Rs 51/- to Rs 52/- Per Equity ShareFace Value
Rs 10/- Per Equity ShareListing at Group
NSE SMERegistrar
Link Intime India Private LimitedLead Manager
Pantomath Capital Advisors Private LimitedIssue Size
Fresh Issue of 24,84,000 Equity Shares of Rs 10/- at a price of Rs 51/- to Rs 52/- per share aggregating to Rs 12.92/- CrPromoters & Share Holding
Promoter(s) Name
- Mr. Mukesh Patel
- Mr. Dinesh Patel
- Mr. Karshan Patel
- Mr. Prakash Patel
- Mr. Mani Patel
- Prakash Karsanbhai Patel HUF
- Karsanbhai Devjibhai Patel HUF
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A | N/A |
About Company
Surani Steel Tubes Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 11,79,000 | 11,79,000 | 23,58,000 |
Day 1 -25-01-19 | 8,42,000 0.71 x | 3,62,000 0.31 x | 12,04,000 0.51 x |
Day 2 -28-01-19 | 13,10,000 1.11 x | 6,28,000 0.53 x | 19,38,000 0.82 x |
Day 3 -29-01-19 | 21,16,000 1.79 x | 15,28,000 1.30 x | 36,44,000 1.55 x |
Frequently Asked Questions about Surani Steel Tubes Limited IPO IPO
When will Surani Steel Tubes Limited IPO open for subscription?
The Surani Steel Tubes Limited IPO opens on 25 Jan, 2019 and closes on 29 Jan, 2019.
What is the investors portion for Surani Steel Tubes Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 1179000.
How to apply for Surani Steel Tubes Limited IPO?
You can apply for Surani Steel Tubes Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Surani Steel Tubes Limited IPO?
The issue size of Surani Steel Tubes Limited IPO is approx ₹Fresh Issue of 24,84,000 Equity Shares of Rs 10/- at a price of Rs 51/- to Rs 52/- per share aggregating to Rs 12.92/- Cr crores.
What is the price band of Surani Steel Tubes Limited IPO?
The price band for Surani Steel Tubes Limited IPO is Rs 51/ to ₹ to Rs 52/.
What is the lot size of Surani Steel Tubes Limited IPO?
The minimum bid (lot size) for Surani Steel Tubes Limited IPO is 2000 shares with an investment of approx Rs 1,04,000/- ) .
What is the allotment date of Surani Steel Tubes Limited IPO?
The allotment date for Surani Steel Tubes Limited IPO is 4 Feb, 2019.
What is the listing date of Surani Steel Tubes Limited IPO?
The listing date for Surani Steel Tubes Limited IPO is expected to be 6 Feb, 2019.
What is the GMP of Surani Steel Tubes Limited IPO?
The latest Grey Market Premium (GMP) for Surani Steel Tubes Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.