Surani Steel Tubes Limited
ListedSMEEmerging SME Services · NSE
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.
Price Band
₹51 – ₹52
Issue Size
₹12.92 Cr
Lot Size
2000 shares
GMP
—
Est. Listing
₹52
at current GMP
Subscribed
—
Open
25 Jan 2019
Close
29 Jan 2019
Allotment
4 Feb 2019
Refund
5 Feb 2019
Demat Credit
6 Feb 2019
Listing
6 Feb 2019
Last updated 12 days ago
Official Registrar Verification
Surani Steel Tubes Limited Allotment Status
Designated Registrar: Link Intime India Private Limited
Allotment Date
4 Feb 2019
Basis finalization
Refunds Initiate
5 Feb 2019
Mandate release
Demat Credit
6 Feb 2019
Shares in demat
Listing Debut
6 Feb 2019
Trading begins
How to Check Surani Steel Tubes Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
- Select Surani Steel Tubes Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Surani Steel Tubes Limited Public Issue & Market Profile
Surani Steel Tubes Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹12.92 Crores. The shares are offered at a price band of ₹51 to ₹52 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2019-01-29, the basis of allotment is scheduled to be finalized on 2019-02-04. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.