
Emerging 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
Overall Subscription
0.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 1,242,308 | — | 0.00x |
| Non-Institutional (NII / HNI) | 372,692 | — | 0.00x |
| Retail Individual (RII) | 869,615 | — | 0.00x |
| Total | 2,484,615 | 0 | 0.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 435 | 435 | 1.00x |
| HNIs (10L +) | 3 | 3 | 1.00x |
| HNIs (2-10L) | 13 | 13 | 1.00x |
| Total Applications | 451 | 451 | 1.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
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.
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.
Currently, Surani Steel Tubes Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹51 to ₹52 per equity share.
The retail lot size is 2000 shares requiring a minimum application amount of ₹1,04,000. Expected listing price is ₹52 per equity share.
The Surani Steel Tubes Limited IPO aggregate issue size is ₹12.92 Crores with an equity price band set at ₹51 to ₹52 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,04,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2019-02-04. Investors can verify status using PAN card or application number.
Surani Steel Tubes Limited shares are scheduled to list on NSE on 2019-02-06.