Surani Steel Tubes Ltd - IPO

Surani Steel Tubes Ltd IPO Details

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.

Objective of issue

Funding the Working Capital Requirements of the company. General Corporate Purposes. General Corporate Purposes. General Corporate Purposes. General Corporate Purposes.

Surani Steel Tubes Ltd Contact Details

Surani Steel Tubes Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@suranisteel.com

Website - www.suranisteel.com