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IPO Synopsis

Surani Steel Tubes Ltd
Registered Office: SNo110 & 115 Sampa Tal-Dahegam,Opp Vinayak TMT Bayad Road , Gandhinagar - 382315 , Gujarat , India.
Phone : 91-9825515372   Fax:
Email :  
Website :
Initial public offer consisiting of fresh issue of 24,84,000* equity shares of face value of (Rs)10 each fully paid for cash at a price of (Rs)52 per equity share (the "issue price") (including a share premium of (Rs)42 per equity share) aggregating up to (Rs)12.92** Crores (the "issue") of which 1,26,000 equity shares of face value (Rs)10 each for cash at a price of (Rs)52 per equity share, aggregating (Rs)0.66 Crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 23,58,000 equity shares of face value of (Rs)10 each for cash at a price of (Rs)52 per equity share, aggregating (Rs)12.26 Crores is hereinafter refered to as the "net issue". The issue and the net issue will constitute 29.99% and 28.46%, respectively of the fully diluted post issue paid up equity share capital of the company. The face value of equity shares is (Rs)10 each. The issue price is (Rs)52 and is 5.20 times the face value of the equity share.

Issue Money Payable On
Opens On Closes On Application Allotment
25-Jan-19 29-Jan-19 (Rs)52.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  (Rs Cr) Lead Managers to the Issue
Project Cost 12.92 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 12.92  
Post Issue Equity Share Capital 8.28  
Issue Price (Rs)52.00  
Funding the Working Capital Requirements of the Company Funding the Working Capital Requirements of the company
General Corporate Purposes General Corporate Purposes
Promoted By
Mukesh Patel  
Karshan Patel  
Prakash Patel  
Mukesh Patel  
Dinesh Patel  
Karshan Patel  
Listing At
Registrar to the Issue
No Data Found.

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