Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Thu, Sep 1, 2016 - Tue, Sep 6, 2016
Narayani Steels IPO is a fixed price issue of ₹11.52 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹11.52 crore.
Narayani Steels IPO bidding started from Sep 1, 2016 and ended on Sep 6, 2016. The shares got listed on BSE SME on Sep 14, 2016.
Narayani Steels IPO price is ₹32 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,56,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Narayani Steels IPO RHP for detailed Information.
IPO Open
Thu, Sep 1, 2016
IPO Close
Tue, Sep 6, 2016
Issue Price
₹32 per share
Market Cap (Pre-IPO)
₹34.91 Cr
| IPO Date | 1 to 6 Sep, 2016 |
| Listed on | Wed, Sep 14, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹32 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 36,00,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 1,88,000 shares Rikhav Securities Ltd. (agg. up to ₹0.6016 Cr) |
| Fresh Issue (Ex Market Maker) | 34,12,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 34,12,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 73,09,000 shares |
| Share Holding Post Issue | 1,09,09,000 shares |
| BSE Script Code | 540080 |
| ISIN | INE715T01015 |
Narayani Steels IPO comprises a total issue size of 36,00,000 shares. The net offer to the public is 34,12,000 shares, after excluding 1,88,000 shares allotted on a firm basis. Of the Net offer 17,04,000 (49.94%) allocated to NII 17,08,000 (50.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,04,000 | 49.94% | 47.33% |
| Retail Shares Offered | 17,08,000 | 50.06% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,88,000 | 5.22% | |
| Total Shares Offered | 36,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,28,000 |
| Retail (Max) | 1 | 4,000 | ₹1,28,000 |
| HNI (Min) | 2 | 8,000 | ₹2,56,000 |
Incorporated in 1995, Narayani Steels Limited is one of india's leading ISO certified company in the metal sector. Company manufactures and trades iron and steel products in India. Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal. Product range includes TMT ReBars, Mild Steel Rounds, Mild Steel Square, Mild Steel Flat Bars, and Mild Steel Angles.
Company's products are primarily used in infrastructure, construction, automobile, etc. industries. The company sells its products through a network of various dealers/retailers/distributors. Their client list includes TRF, NTPC, VIZAC steel and Vizac profiles group.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 8.92 |
| 2 | General corporate purposes | 2.00 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.35 |
| 2 | Regulatory fees | 0.10 |
| 3 | Marketing and Other Expenses | 0.15 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹32.00 |
| Open | ₹33.45 |
| Low | ₹30.90 |
| High | ₹38.40 |
| Last Trade | ₹33.40 |
Lead Manager Reports
Narayani Steels IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Sep 1, 2016, and closes on Tue, Sep 6, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Narayani Steels IPO using UPI as a payment gateway. Zerodha customers can apply in Narayani Steels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Narayani Steels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Narayani Steels IPO opens on Thu, Sep 1, 2016 and closes on Tue, Sep 6, 2016.
Narayani Steels IPO lot size is 4000, and the minimum amount required for application is ₹1,28,000.
You can apply in Narayani Steels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Narayani Steels IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Narayani Steels IPO allotment status.
The Narayani Steels IPO listing date is on Wed, Sep 14, 2016.
