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SURANISME / NSEListed
Surani Steel Tubes

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 Price₹52.00
Listing Gain+0.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open25 Jan 2019
Close29 Jan 2019
Allotment04 Feb 2019
Listing06 Feb 2019

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker1,26,000 shares
5.07%
HNI11,78,000 shares
47.42%
Retail11,80,000 shares
47.5%

Minimum Application Lots

Retail1 Lot (2,000 shares)
₹1,04,000
HNI2 Lots (4,000 shares)
₹2,08,000

Company Promoters

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

Company Background

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...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-18)₹10079.72 Cr
Growth+180.0%
Revenue Trend (₹ in Crores)
0.03.9k7.7k11.6kMar-14Mar-15Mar-16Mar-17Mar-18
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-1810,079.72172.443,528.360
Mar-177,670.0899.902,836.350
Mar-166,845.89109.602,298.300
Mar-155,814.1616.251,594.830
Mar-143,599.922.991,541.340

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
04 Feb 2019
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
06 Feb 2019

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Surani Steel Tubes. Check with PAN or Application No.

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Allotment Schedule & Milestones

IST
1. Allotment Finalization04 Feb 2019Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date06 Feb 2019Trading commences on exchange

How to Check Surani Steel Tubes Allotment Online

1Open Portal

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3Enter Details

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About Surani Steel Tubes IPO

Complete issue overview for Surani Steel Tubes (SURANI) IPO. The issue features an equity share price band of ₹51 – ₹52 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,04,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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