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Surani Steel Tubes Limited

Surani Steel Tubes Limited, incorporated in 2012 and headquartered in Gujarat, is engaged in the manufacturing of Electric Resistance Welding mild steel pipes that are widely used in architectural, infrastructure, industrial, and engineering applications. The company primarily markets its products through an extensive dealer network and, as of March 31, 2018, was associated with more than 300 dealers across Gujarat, while also generating additional income from the sale of scrap material. It is ISO 9001:2015 certified for the manufacturing and supply of ERW pipes and operates a production facility at Dahegam in Gandhinagar district with an installed capacity of 25,000 metric tons per annum. To support future growth, the company is in the process of setting up a new manufacturing unit at the same location and currently employs 52 people across various operational and administrative functions.

₹51 - ₹52Open
Listed Price52.00
Listing Gain+0.00%
TimelineBookbuilding IPO
Open25 Jan 2019
Close29 Jan 2019
Allotment04 Feb 2019
Listing06 Feb 2019

Quota Reservation Portions

Market MakerPortion: 1,26,000 shares
5.07%
HNIPortion: 11,78,000 shares
47.42%
RetailPortion: 11,80,000 shares
47.5%

Minimum Application Bracket Matrix

Retail1 lots / 2,000 shares
₹1,04,000
HNI2 lots / 4,000 shares
₹2,08,000

About the Company

Surani Steel Tubes Limited, incorporated in 2012 and headquartered in Gujarat, is engaged in the manufacturing of Electric Resistance Welding mild steel pipes that are widely used in architectural, infrastructure, industrial, and engineering applications. The company primarily markets its products through an extensive dealer network and, as of March 31, 2018, was associated with more than 300 dealers across Gujarat, while also generating additional income from the sale of scrap material. It is ISO 9001:2015 certified for the manufacturing and supply of ERW pipes and operates a production facility at Dahegam in Gandhinagar district with an installed capacity of 25,000 metric tons per annum. To support future growth, the company is in the process of setting up a new manufacturing unit at the same location and currently employs 52 people across various operational and administrative functions.

Company Promoters

Mr. Mukesh PatelMr. Dinesh PatelMr. Karshan PatelMr. Prakash PatelMr. Mani PatelPrakash Karsanbhai Patel HUFKarsanbhai Devjibhai Patel HUF