Steelman Telecom Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹53(55.21%)
Premium (ELP)
Steelman Telecom Limited's successfully completed its Initial Public Offering and commenced trading on Oct 10, 2022 at the BSE exchange. The company raised 27,10,800 Shares through this public offering, comprising 17,61,600 Shares in fresh capital and ₹7.81 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹96 to ₹96, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from Sep 26, 2022 to Oct 03, 2022.
Share allotment was finalized on Oct 07, 2022, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2013, Steelman Telecom Limited provides support services and solutions for the telecom industry, addressing network requirements through network survey and planning, installation and commissioning, network testing and optimization, network solutions, and managed services for maintenance. Headquartered in Kolkata, the company also operates branch offices in Bhubaneswar and Gurgaon. Its service offerings include telecom implementation, radio frequency services, engineering procurement construction management (EPCM), managed services, operations and maintenance, payroll and resource management, and new generation technology solutions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Management & Skilled Team: Led by knowledgeable leaders with a competent workforce.
- Strong Customer Relationships: Maintains long-term connections with existing clients.
- Comprehensive Telecom Support: Offers complete telecom services and solutions.
- Timely Project Delivery: Ensures projects are completed on schedule.
NA
- Mr. Mayank Bindal
Steelman Telecom Limited
Bigshare Services Private Limited