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Narayani Steels IPO is a fixed price issue of Rs 11.52 crores.
Narayani Steels IPO bidding started from September 1, 2016 and ended on September 6, 2016. The shares got listed on BSE SME on September 14, 2016.
Narayani Steels IPO price is ₹32 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹128,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Narayani Steels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Narayani Steels IPO RHP for detailed information.
IPO Date | September 1, 2016 to September 6, 2016 |
Listing Date | September 14, 2016 |
Face Value | ₹10 per share |
Price | ₹32 per share |
Lot Size | 4000 Shares |
Total Issue Size | 3,600,000 shares (aggregating up to ₹11.52 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 7,309,000 |
Share holding post issue | 10,909,000 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 4000 | ₹128,000 |
Retail (Max) | 1 | 4000 | ₹128,000 |
Lot Size Calculator |
Incorporated in 1995, Narayani Steels Limited is one of india's leading ISO certified company in the metal sector. Company manufactures and trades iron and steel products in India. Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal. Product range includes TMT ReBars, Mild Steel Rounds, Mild Steel Square, Mild Steel Flat Bars, and Mild Steel Angles.
Company's products are primarily used in infrastructure, construction, automobile, etc. industries. The company sells its products through a network of various dealers/retailers/distributors. Their client list includes TRF, NTPC, VIZAC steel and Vizac profiles group.
The objects of the Issue are: Information in this section is taken from chittorgarh.com, India's No 1 IPO Investment Portal.
1. Working Capital Requirement;
2. General Corporate Purposes;
3. Issue expenses.
[Dilip Davda] Pricing of the issue is on the higher side with nothing on tables for new investors. However, cash surplus risk savvy investors may consider it for long term investment; other may give it a miss. Read detail review...
Listing Date | September 14, 2016 |
BSE Script Code | 540080 |
NSE Symbol | |
ISIN | INE715T01015 |
Final Issue Price | ₹32 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹32.00 |
₹33.45 |
₹30.90 |
₹38.40 |
₹33.40 |
Narayani Steels Ltd
23A N S Road,
7th Floor, Room 31,
Kolkata - 700001
Phone: 08912501182
Email: info@narayanitmt.com
Website: http://www.narayanitmt.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Narayani Steels IPO is a SME IPO of 3,600,000 equity shares of the face value of ₹10 aggregating up to ₹11.52 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000 Shares.
The IPO opens on September 1, 2016, and closes on September 6, 2016.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Narayani Steels IPO opens on September 1, 2016 and closes on September 6, 2016.
Narayani Steels IPO lot size is 4000 Shares, and the minimum amount required is ₹128,000.
You can apply in Narayani Steels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Narayani Steels IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Narayani Steels IPO allotment status.
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