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Surani Steel Tubes IPO is a Book Building IPO 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 open date is 25th January 2019 and close date is 29th January 2019. IPO Allotment Date is 30th November -0001 and Listing date is 6th February 2019.
IPO
Size:
₹ 12.92 Cr.
Avg IPO Size (Sector Based)
: ₹
17.02 cr.
Sector: Steel - Tubes And Pipes
SME
IPO so far:
9
Merchant Banker:
Pantomath Capital
SME
IPO by BRLM so far:
103
City:
Gandhinagar
SME
IPO so far:
15
Revenue (annualised):
₹
100.80
cr. 
PE
Ratio:
34.00x
Average Sector PE Ratio: 13.21x
Surani Steel Tubes IPO size is ₹ 12.92 Cr. with IPO price of ₹ 52.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Pantomath Capital Advisors Private Limited is the book-running lead manager of the Surani Steel Tubes IPO. Link Intime India Private Limited is the Registrar and Market Maker is Pantomath Stock Brokers Private Limited for Surani Steel Tubes IPO.
Surani Steel Tubes IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Surani Steel Tubes IPO, based in Gandhinagar, operates in the Steel - Tubes And Pipes sector with a focus on . The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Surani Steel Tubes IPO size is ₹ 12.92 Cr. with fresh issue size of ₹ 12.92 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Surani Steel Tubes IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Surani Steel Tubes IPO allotment status on the registrars website, Link Intime India Private Limited. Surani Steel Tubes IPO refund dates are 30th November -0001.
Surani Steel Tubes IPO is expected to be listed on 6th February 2019.
The upper price band for the Surani Steel Tubes IPO is set at ₹ 52.00 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 Surani Steel Tubes 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 Surani Steel Tubes 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 January 2019. After submission, funds are blocked until the basis of allotment of Surani Steel Tubes IPO is finalised.
The merchant banker for Surani Steel Tubes IPO is Pantomath Capital Advisors Private Limited . Pantomath Capital Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Surani Steel Tubes IPO RHP for further details.
The registrar for Surani Steel Tubes IPO is Link Intime India Private Limited. Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Surani Steel Tubes IPO through their official website or helpline.
Surani Steel Tubes IPO was subscribed 1.55 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 12.92 Cr.
Avg IPO Size (Sector Based)
:
₹ 17.02 Cr.
Sector: Steel - Tubes And Pipes
SME
IPO so far:
9
Merchant Banker:
Pantomath Capital
SME
IPO by BRLM so far:
103
City:
Gandhinagar
SME
IPO so far:
15
Revenue (annualised):
₹ 36.13 cr.
PE
Ratio:
34.00x
Average Sector PE Ratio: 13.21x
Surani Steel Tubes IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Surani Steel Tubes Financial Review Page
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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