Surani Steel Tubes Ltd
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cs@suranisteel.com Website:www.suranisteel.com
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Initial public offer consisiting of fresh issue of 24,84,000* equity shares of face value of Rs. 10 each fully paid for cash at a price of Rs. 52 per equity share (the "issue price") (including a share premium of Rs. 42 per equity share) aggregating up to Rs. 12.92** Crores (the "issue") of which 1,26,000 equity shares of face value Rs. 10 each for cash at a price of Rs. 52 per equity share, aggregating Rs. 0.66 Crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 23,58,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 52 per equity share, aggregating Rs. 12.26 Crores is hereinafter refered to as the "net issue". The issue and the net issue will constitute 29.99% and 28.46%, respectively of the fully diluted post issue paid up equity share capital of the company.
The face value of equity shares is Rs.10 each.
The issue price is Rs.52 and is 5.20 times the face value of the equity share.
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Surani Steel Tubes Ltd
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Rs Cr |
Lead Managers to the Issue |
12.92 |
Pantomath Capital Advisors Pvt Ltd |
Pantomath Capital Advisors Pvt Ltd |
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12.92 |
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8.28 |
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Rs.
52.00
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Projects |
Funding the Working Capital Requirements of the Company
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General Corporate Purposes
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Funding the Working Capital Requirements of the company
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General Corporate Purposes
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Mukesh Patel |
Karshan Patel |
Prakash Patel |
Mukesh Patel |
Dinesh Patel |
Karshan Patel |
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Link Intime India Pvt Ltd |
Link Intime India Pvt Ltd |
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