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Surani Steel Tubes IPO is a Book Building listing on NSE EMERGE exchange. The company is based in Gandhinagar and caters to Steel - Tubes And Pipes sector. Pantomath Capital Advisors is the merchant banker of Surani Steel Tubes IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 10th January 2019.
Surani Steel Tubes IPO posted revenues of ₹ 100.80 crores and PAT of ₹ 1.72 crores in FY19 on annualised basis.
Revenue:
₹ 36.13 Cr.
EBITDA Margin:
2.52
% 
Net Worth: ₹ 10.82 Cr.
Market Capitalisation:
[●]
P/E:
34.00 times
P/BV: [●]
EV/EBITDA: [●]
Financial results of Surani Steel Tubes IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | Sep-18 | FY18 | FY17 | FY16 | |
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 37.14 | 35.28 | 28.36 | 22.98 | |
| Net Worth | 10.82 | 10.41 | 4.69 | 3.69 | |
| Total Debt | 16.23 | 14.36 | 12.64 | 11.53 | |
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
36.13
36.13 |
100.78 | 76.67 | 68.43 | |
EBITDA
EBITDA on annualised basis |
0.91
0.91 |
4.19 | 3.53 | 3.42 | |
PAT
PAT on annualised basis |
0.41
0.41 |
1.72 | 1.00 | 1.10 | |
Surani Steel Tubes IPO PAT Margin is 1.13 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows Surani Steel Tubes IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | Sep-18 | FY18 | FY17 | FY16 |
|---|---|---|---|---|
| EBITDA Margin (%) | 2.52 | 4.16 | 4.60 | 5.00 |
| PAT Margin (%) | 1.13 | 1.71 | 1.30 | 1.61 |
| EPS (₹) | 3.74 | 16.56 | 21.31 | 29.70 |
| ROE (%) | 3.79 | 16.52 | 21.32 | 29.81 |
| ROCE (%) | [●] | [●] | [●] | [●] |
| ROA (%) | 1.10 | 4.88 | 3.53 | 4.79 |
| Debt to Equity | 1.50 | 1.38 | 2.70 | 3.12 |
The market Capitalisation of Surani Steel Tubes IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The Surani Steel Tubes IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Surani Steel Tubes IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of Surani Steel Tubes IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The Surani Steel Tubes IPO has a Price-to-Earnings (PE) ratio of 34.00 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
Surani Steel Tubes IPO reported revenue of ₹ 100.80 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Surani Steel Tubes IPO provide insights into sales growth, market demand, and business scalability.
Surani Steel Tubes recorded an EBITDA of ₹ 0.91 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
Surani Steel Tubes Profit After Tax (PAT) is ₹ 0.41 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 36.13 Cr.
EBITDA Margin:
2.52
%
Net Worth: ₹ 10.82 Cr.
Market Capitalisation:
[●]
P/E:
34.00 times
P/BV: [●]
EV/EBITDA: [●]
Surani Steel Tubes operates in Steel - Tubes And Pipes and . The Issue is listed on NSE EMERGE in Feb, 2019. Surani Steel Tubes IPO size was 12.92 with Issue price of 52.00 .
Merchant Banker(s) of Surani Steel Tubes IPO: Pantomath Capital Advisors Private Limited
Surani Steel Tubes IPO subscription was 1.55 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.
Surani Steel Tubes IPO listed at a listing price of 53.25 against the offer price of 52.00.
The current market price of Surani Steel Tubes is 133.00.
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