Surani Steel Tubes Ltd - Prospectus Synopsis

Surani Steel Tubes Ltd pdf Icon RHP

Registered Office : SNo110 & 115 Sampa Tal-Dahegam , Opp Vinayak TMT Bayad Road , Gandhinagar - 382315 , Gujarat , India.

Phone : 91-9825515372  Fax :

Email :cs@suranisteel.com    Website : www.suranisteel.com

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.

IssueMoney Payable On
Opens OnCloses OnApplicationAllotment
1/25/2019 12:00:00 AM 1/29/2019 12:00:00 AM Rs 52 - 0Rs 0 - 0
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
 Rs CrLead 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 12.92  
Issue PriceRs. 52 
Projects
Funding the Working Capital Requirements of the Company
Promoted ByListing AtRegistrar to the Issue
Dinesh Patel
Karshan Patel
Mukesh Patel
Prakash Patel
- Link Intime India Pvt Ltd