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Steel City Securities IPO is a Fixed Price IPO listing on NSE EMERGE exchange, with an ipo size of ₹ 26.99 Cr. The company is based in Visakhapatnam and caters to Corporate Solutions sector. Keynote Financial Services is the merchant banker of Steel City Securities IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 10th January 2017.
Steel City Securities IPO open date is 6th February 2017 and close date is 9th February 2017. IPO Allotment Date is 30th November -0001 and Listing date is 17th February 2017.
IPO
Size:
₹ 26.99 Cr.
Avg IPO Size (Sector Based)
: ₹
20.47 cr.
Sector: Corporate Solutions
SME
IPO so far:
30
Merchant Banker:
Keynote Financial
SME
IPO by BRLM so far:
6
City:
Visakhapatnam
SME
IPO so far:
3
Revenue (annualised):
₹
35.66
cr. 
PE
Ratio:
14.00x
Average Sector PE Ratio: 18.14x
Steel City Securities IPO size is ₹ 26.99 Cr. with IPO price of ₹ 55.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Keynote Financial Services Limited is the book-running lead manager of the Steel City Securities IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Keynote Capitals Limited for Steel City Securities IPO.
Steel City Securities IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Steel City Securities IPO, based in Visakhapatnam, operates in the Corporate Solutions sector with a focus on service provider. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Steel City Securities IPO size is ₹ 26.99 Cr. with fresh issue size of ₹ 27 and Offer for sale being ₹ Nil
The IPO allotment date for Steel City Securities IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Steel City Securities IPO allotment status on the registrars website, Bigshare Services Private Limited . Steel City Securities IPO refund dates are 30th November -0001.
Steel City Securities IPO is expected to be listed on 17th February 2017.
The upper price band for the Steel City Securities IPO is set at ₹ 55.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Steel City Securities IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Steel City Securities IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 9th February 2017. After submission, funds are blocked until the basis of allotment of Steel City Securities IPO is finalised.
The merchant banker for Steel City Securities IPO is Keynote Financial Services Limited . Keynote Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Steel City Securities IPO RHP for further details.
The registrar for Steel City Securities IPO is Bigshare Services Private Limited . Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Steel City Securities IPO through their official website or helpline.
Steel City Securities IPO was subscribed 0.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 26.99 Cr.
Avg IPO Size (Sector Based)
:
₹ 20.47 Cr.
Sector: Corporate Solutions
SME
IPO so far:
30
Merchant Banker:
Keynote Financial
SME
IPO by BRLM so far:
6
City:
Visakhapatnam
SME
IPO so far:
3
Revenue (annualised):
₹ 33.54 cr.
PE
Ratio:
14.00x
Average Sector PE Ratio: 18.14x
Steel City Securities IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Steel City Securities Financial Review Page
Merchant Banker(s) of Steel City Securities IPO: Keynote Financial Services Limited
Steel City Securities IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Steel City Securities IPO listed at a listing price of 50.10 against the offer price of 55.00.
The current market price of Steel City Securities is 107.15.
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