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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 ₹96.00 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). The minimum lot size investment for 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 Date | September 26, 2022 to September 29, 2022 |
| Listing Date | October 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹96 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 27,10,800 shares (aggregating up to ₹26.02 Cr) |
| Reserved for Market Maker | 1,35,600 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹1.30 Cr) |
| Fresh Issue (Ex Market Maker) | 17,61,600 shares (aggregating up to ₹16.91 Cr) |
| Offer for Sale | 8,13,600 shares of ₹10 (aggregating up to ₹7.81 Cr) |
| Net Offered to Public | 25,75,200 shares (aggregating up to ₹24.72 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 77,79,000 shares |
| Share Holding Post Issue | 96,76,200 shares |
Steelman Telecom IPO offers total 27,10,800 shares. Out of which 16,72,800 (61.71%) allocated to NII, 9,02,400 (33.29%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,35,600 (5.00%) |
| NII (HNI) Shares Offered | 16,72,800 (61.71%) |
| Retail Shares Offered | 9,02,400 (33.29%) |
| Total Shares Offered | 27,10,800 (100.00%) |
Steelman Telecom IPO opens on September 26, 2022, and closes on September 29, 2022.
| IPO Open Date | Mon, Sep 26, 2022 |
| IPO Close Date | Thu, Sep 29, 2022 |
| Tentative Allotment | Fri, Oct 7, 2022 |
| Initiation of Refunds | Mon, Oct 10, 2022 |
| Credit of Shares to Demat | Mon, Oct 10, 2022 |
| Tentative Listing Date | Mon, Oct 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 29, 2022 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 3621.76 | 8794.62 | -22.91 | 985.21 | 486.61 |
| 31-Mar-21 | 3698.44 | 9015.5 | 137.64 | 1149.14 | 650.54 |
| 31-Mar-22 | 4525.76 | 10116.31 | 396.58 | 1540.72 | 1042.12 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Steelman Telecom IPO is ₹92.89 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 23.41 |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
a) Investment in Subsidiary.
b) Working Capital Requirements.
c) General Corporate Purposes.
[Dilip Davda] STL is operating in a highly competitive segment. Based on FY22 earnings, the issue is aggressively priced. There is no harm in skipping this pricy issue. Read detail review...
| Listing Date | October 10, 2022 |
| BSE Script Code | 543622 |
| NSE Symbol | |
| ISIN | INE0MSK01016 |
| Final Issue Price | ₹96 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹96.00 |
| Open | ₹161.00 |
| Low | ₹161.00 |
| High | ₹169.05 |
| Last Trade | ₹169.05 |
Steelman Telecom Ltd.
Rishi Tower, Premises No. 02-315,
Street No. 315,
New Town,
Kolkata, West Bengal, 700156
Phone: 8443022233
Email: info@steelmantelecom.in
Website: http://www.steelmantelecom.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Steelman Telecom IPO is a SME IPO of 27,10,800 equity shares of the face value of ₹10 aggregating up to ₹26.02 Crores. The issue is priced at ₹96 per share. The minimum order quantity is 1200.
The IPO opens on September 26, 2022, and closes on September 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 September 26, 2022 and closes on September 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 Monday, October 10, 2022. Check the Steelman Telecom IPO allotment status.
The Steelman Telecom IPO listing date is on Monday, October 10, 2022.
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