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Steelman Telecom IPO is a Fixed Price IPO listing on BSE SME exchange, with an ipo size of ₹ 26.02 Cr. The company is based in Kolkata and caters to Telecom sector. Gretex Corporate Services is the merchant banker of Steelman Telecom IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 1st August 2022.
Steelman Telecom IPO open date is 26th September 2022 and close date is 29th September 2022. IPO Allotment Date is 7th October 2022 and Listing date is 10th October 2022.
IPO
Size:
₹ 26.02 Cr.
Avg IPO Size (Sector Based)
: ₹
31.39 cr.
Sector: Telecom
SME
IPO so far:
11
Merchant Banker:
Gretex Corporate
SME
IPO by BRLM so far:
50
City:
Kolkata
SME
IPO so far:
71
Revenue (annualised):
₹
101.16
cr. 
PE
Ratio:
23.41x
Average Sector PE Ratio: 12.37x
Steelman Telecom IPO size is ₹ 26.02 Cr. with IPO price of ₹ 96.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Gretex Corporate Services Limited is the book-running lead manager of the Steelman Telecom IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Gretex Share Broking Private Limited for Steelman Telecom IPO.
Steelman Telecom IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Steelman Telecom IPO, based in Kolkata, operates in the Telecom sector with a focus on Support services to telecom industry. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Steelman Telecom IPO size is ₹ 26.02 Cr. with fresh issue size of ₹ 18.21 Cr. and Offer for sale being ₹ 7.81Cr.
The IPO allotment date for Steelman Telecom IPO is expected to be 7th October 2022, after the finalization of basis of allotment. Investors can check Steelman Telecom IPO allotment status on the registrars website, Bigshare Services Private Limited . Steelman Telecom IPO refund dates are 10th October 2022.
Steelman Telecom IPO is expected to be listed on 10th October 2022.
The upper price band for the Steelman Telecom IPO is set at ₹ 96.00 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 Steelman Telecom 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 Steelman Telecom 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 29th September 2022. After submission, funds are blocked until the basis of allotment of Steelman Telecom IPO is finalised.
The merchant banker for Steelman Telecom IPO is Gretex Corporate Services Limited . Gretex Corporate Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Steelman Telecom IPO RHP for further details.
The registrar for Steelman Telecom 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 Steelman Telecom IPO through their official website or helpline.
Steelman Telecom IPO was subscribed 22.40 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 26.02 Cr.
Avg IPO Size (Sector Based)
:
₹ 31.39 Cr.
Sector: Telecom
SME
IPO so far:
11
Merchant Banker:
Gretex Corporate
SME
IPO by BRLM so far:
50
City:
Kolkata
SME
IPO so far:
71
Revenue (annualised):
₹ 100.47 cr.
PE
Ratio:
23.41x
Average Sector PE Ratio: 12.37x
Steelman Telecom IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Steelman Telecom Financial Review Page
Merchant Banker(s) of Steelman Telecom IPO: Gretex Corporate Services Limited
Steelman Telecom IPO subscription was 22.40 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.
Steelman Telecom IPO listed at a listing price of 169.05 against the offer price of 96.00.
The current market price of Steelman Telecom is 148.25.
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