Steelman Telecom Limited IPO
Steelman Telecom Limited IPO
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Steelman Telecom Limited's successfully completed its Initial Public Offering and commenced trading on 10-10-2022 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 26-09-2022 to 03-10-2022.
Share allotment was finalized on 07-10-2022, 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.
Steelman Telecom IPO About Company
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."
Steelman Telecom IPO Strength Factors
- 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.
Steelman Telecom IPO Risk Factors
NA
Steelman Telecom IPO Lead Manager(s)
- Gretex Corporate Services Limited
Steelman Telecom IPO Promoter(s)
- Mr. Mayank Bindal
Steelman Telecom IPO FAQs
Steelman Telecom Limited IPO subscribed 22.4 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 27, 2025 8:08:36 AM (Day 27).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Steelman Telecom IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Steelman Telecom IPO FAQs
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