Fixed Price IPO | ₹26 Cr | Listed at BSE SME | Mon, Sep 26, 2022 - Thu, Sep 29, 2022
Steelman Telecom IPO is a fixed price issue of ₹26.02 crores. The issue is a combination of fresh issue of 0.19 crore shares aggregating to ₹18.21 crores and offer for sale of 0.08 crore shares aggregating to ₹7.81 crores.
Steelman Telecom IPO bidding started from Sep 26, 2022 and ended on Sep 29, 2022. The allotment for Steelman Telecom IPO was finalized on Oct 7, 2022. The shares got listed on BSE SME on Oct 10, 2022.
Steelman Telecom IPO price is ₹96 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,15,200 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,30,400.
Gretex Corporate Services 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 Gretex Share Broking Pvt.Ltd..
Refer to Steelman Telecom IPO RHP for detailed Information.
IPO Open
Mon, Sep 26, 2022
IPO Close
Thu, Sep 29, 2022
Issue Price
₹96 per share
Market Cap (Pre-IPO)
₹92.89 Cr
| IPO Date | 26 to 29 Sep, 2022 |
| Listed on | Mon, Oct 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹96 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,10,800 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 1,35,600 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 17,61,600 shares (agg. up to ₹17 Cr) |
| Offer for Sale | 8,13,600 shares of ₹10 (agg. up to ₹8 Cr) |
| Net Offered to Public | 25,75,200 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 77,79,000 shares |
| Share Holding Post Issue | 96,76,200 shares |
| BSE Script Code | 543622 |
| ISIN | INE0MSK01016 |
Steelman Telecom IPO comprises a total issue size of 27,10,800 shares. The net offer to the public is 25,75,200 shares, after excluding 1,35,600 shares allotted on a firm basis. Of the Net offer 16,72,800 (64.96%) allocated to NII 9,02,400 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,72,800 | 64.96% | 61.71% |
| Retail Shares Offered | 9,02,400 | 35.04% | 33.29% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,35,600 | 5.00% | |
| Total Shares Offered | 27,10,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,15,200 |
| Retail (Max) | 1 | 1,200 | ₹1,15,200 |
| HNI (Min) | 2 | 2,400 | ₹2,30,400 |
Incorporated in 2013, Steelman Telecom Limited offer support services and solutions to address the Network requirements of the Telecom industry. The company provide services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions and Managed Services for network maintenance.
The company is headquartered in Kolkata Our branch offices are located at Bhubaneshwar & Gurgaon.
Steelman Telecom Limited offers services such as Telecom Implementation Service, Radio Frequency Services, Engineering Procurement Construction Management, Managed Services, Operation and Maintenance services, Payroll & Resource Management and New Generation Technology.
Competitive Strengths:
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 45.26 | 36.98 | 36.22 |
| Total Income | 101.16 | 90.16 | 87.95 |
| Profit After Tax | 3.97 | 1.38 | -0.23 |
| NET Worth | 15.41 | 11.49 | 9.85 |
| Reserves and Surplus | 10.42 | 6.51 | 4.87 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Subsidiary | 5.00 |
| 2 | Working Capital Requirements | 8.00 |
| 3 | General Corporate Purposes | 4.10 |
| KPI | |
|---|---|
| ROE | 29.49 |
| ROCE | 35.78 |
| Debt/Equity | 0.97 |
| RoNW | 25.74 |
| PAT Margin | 3.95% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.23 | |
| P/E (x) | 23.41 | |
| Promoter Holding | 100% | 71.98% |
| Market Cap | ₹92.89 Cr. |
The Steelman Telecom IPO is subscribed 22.4 times on September 29, 2022 6:59:00 PM (Day 4). The public issue subscribed 22.82 times in the retail category, 7.78 times in the QIB category, and 70.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 7.78 | 12,86,400 | 1,00,05,600 |
| NII* | 70.09 | 3,86,400 | 2,70,82,800 |
| Retail | 22.82 | 9,02,400 | 2,05,93,200 |
| Total | 22.4 | 25,75,200 | 5,76,81,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.29 |
| 2 | Market Making Fees | 0.10 |
| 3 | Fees payable to Registrar to Issue | 0.01 |
| 4 | Fees to Legal Advisor | 0.01 |
| 5 | Advertisement Expenses | 0.01 |
| 6 | Fees payable to Regulators including Stock Exchange | 0.02 |
| 7 | Printing & Distribution Expenses | 0.01 |
| 8 | Underwriting Fees | 1.00 |
| 9 | Marketing & Selling Expenses | 0.10 |
| 10 | Payment to Sponsor Bank | 0.01 |
| 11 | Statutory & Other Reports | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹96.00 |
| Open | ₹161.00 |
| Low | ₹161.00 |
| High | ₹169.05 |
| Last Trade | ₹169.05 |
Lead Manager Reports
Steelman Telecom IPO is a SME IPO of 27,10,800 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹96 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Sep 26, 2022, and closes on Thu, Sep 29, 2022.
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 Steelman Telecom IPO using UPI as a payment gateway. Zerodha customers can apply in Steelman Telecom IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Steelman Telecom IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Steelman Telecom IPO opens on Mon, Sep 26, 2022 and closes on Thu, Sep 29, 2022.
Steelman Telecom IPO lot size is 1200, and the minimum amount required for application is ₹1,15,200.
You can apply in Steelman Telecom 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 Steelman Telecom IPO will be done on Friday, October 7, 2022, and the allotted shares will be credited to your demat account by Mon, Oct 10, 2022. Check the Steelman Telecom IPO allotment status.
The Steelman Telecom IPO listing date is on Mon, Oct 10, 2022.
