Surani Steel Tubes Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹0(0.00%)
Premium (ELP)
Surani Steel Tubes Limited's successfully completed its Initial Public Offering and commenced trading on Feb 06, 2019 at the NSE exchange. The company raised 24,84,000 Shares through this public offering, comprising 24,84,000 Shares in fresh capital.
The IPO was priced within the band of ₹51 to ₹52, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from Jan 25, 2019 to Jan 29, 2019.
Share allotment was finalized on Feb 04, 2019, 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.
Surani Steel Tubes Limited, incorporated in 2012 and headquartered in Gujarat, is engaged in the manufacturing of Electric Resistance Welding mild steel pipes that are widely used in architectural, infrastructure, industrial, and engineering applications. The company primarily markets its products through an extensive dealer network and, as of March 31, 2018, was associated with more than 300 dealers across Gujarat, while also generating additional income from the sale of scrap material. It is ISO 9001:2015 certified for the manufacturing and supply of ERW pipes and operates a production facility at Dahegam in Gandhinagar district with an installed capacity of 25,000 metric tons per annum. To support future growth, the company is in the process of setting up a new manufacturing unit at the same location and currently employs 52 people across various operational and administrative functions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Wide product range in steel tubes The company manufactures and supplies a broad variety of steel tube products, catering to multiple sectors like infrastructure, construction, engineering, and industrial applications.
- Strong distribution network Surani Steel Tubes has an established market presence with connections to dealers, distributors, and customers across key regions, helping it maintain sales and supply continuity.
- Focus on quality and standards The company emphasizes manufacturing products that meet industry quality benchmarks and certifications, which enhances customer trust and supports repeat business.
NA
- Mr. Mukesh Patel
- Mr. Dinesh Patel
- Mr. Karshan Patel
- Mr. Prakash Patel
- Mr. Mani Patel
- Prakash Karsanbhai Patel HUF
- Karsanbhai Devjibhai Patel HUF
Surani Steel Tubes Limited
Link Intime India Private Limited