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Surani Steel & Tubes IPO - Review, Allotment & Subscription Date  


Mr. Administrator Admin
Joined: 2 years ago
Posts: 3
13/12/2018 9:57 am  

Surani Steel Tubes Limited, the venture of Vinayak Group is engaged in the business of manufacturing Electric Resistance Welding Mild Steel Pipes in various Specifications, sizes ranging from 20NB to 100NB and also in the trading of the Hot Roll Coil, (HR Coil) and HR slit coils. Surani Steel Tubes IPO comprises of 2484000 Equity shares, face value of Rs.10 each fully paid  up.

Let’s have a detailed review of the company and analytics of the Surani Steel Tubes IPO release date, IPO offer price, subscription, Surani Steel Tubes IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

From FY 2013-14 to FY 2016-2017, as per the Restated Financial Statements,

  • The revenues have increased from INR 3599.92 lakhs in F.Y. 2013–14 to INR 5814.16 lakhs in F.Y. 2014–15, to INR 6845.89 lakhs in F.Y. 2015–16, to INR 7670.08 lakhs in F.Y. 2016-17 and further to INR 10079.72 lakhs in F.Y. 2017–18, reflecting a CAGR of 91.67%.
  • The Net value of the company as on March 31, 2018 is Rs. 707.47 Lacs as per Restated Financial Statement.
  • The Net Profit after tax for the above – mentioned periods are INR (2.99) lakhs, INR 16.25 lakhs, INR 109.60 lakhs, INR 99.90 lakhs and INR 172.44 lakhs, respectively, showing a growth at a CAGR of 179.94%.

The Promoter of this company is Mukesh Patel, Dinesh Patel, Karshan Patel, Prakash Patel, Mani Patel, Karsanbhai Devjibhai Patel Huf & Prakash Karsanbhai Patel Huf. The lead manager to the issue is Pantomath Capital Advisors Private Limited and the Registrar to this issue is Link Intime India Private Limited.

The opening and the closing date of Surani Steel Tubes Limited IPO is around 25th Dec 2018 and on ... We will Update More on this post.. THANKS