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Steel City Securities IPO is a fixed price issue of Rs 26.99 crores.
Steel City Securities IPO bidding started from February 6, 2017 and ended on February 9, 2017. The shares got listed on NSE SME on February 17, 2017.
Steel City Securities IPO price is ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000.
Keynote Financial Services Ltd is the book running lead manager of the Steel City Securities IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Steel City Securities IPO RHP for detailed information.
IPO Date | February 6, 2017 to February 9, 2017 |
Listing Date | February 17, 2017 |
Face Value | ₹10 per share |
Price | ₹55 per share |
Lot Size | 2000 Shares |
Total Issue Size | 4,908,000 shares (aggregating up to ₹26.99 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 12,380,912 |
Share holding post issue | 15,107,095 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹110,000 |
Retail (Max) | 1 | 2000 | ₹110,000 |
Lot Size Calculator |
Incorporated in 1994, Steel City Securities Limited is a stock broking and e-governance service company. Steel City is based out of Visakhapatnam, AP.
Steel City offers wide range of financial products in 30 states if India. the offering includes Capital Market services, E-Governance services, Investment advisory in the form of distribution of Mutual Funds, Bonds, IPOs & Corporate Fixed Deposits, Currency Trading, Commodity Broking, Insurance Distribution & NBFC services.
Key offerings:
1. Steel City is the member of NSE, BSE, MCX, NCDEX & MSE for stock, derivatives, commodity and currency segment.
2. Steel City is a Depository Participant of NSDL & CDSL.
3. Steel City offers online E-Broking portal which provides online trading platform to the clients supported by investment advice and equity research.
4. Steel City through its Subsidiary viz; Steel City Commodities Private Limited, provides commodities trading to its clients through its trading platform on NCDEX & MCX.
5. Steel City Commodities Private Limited also provides distribution of life &non life insurance products of all the leading insurance Companies.
6. It holds approval from IRDA to conduct the said insurance business.
7. It is an authorized distributor of insurance policies of SBI Life, Religare Health and United India Insurance Company Limited.
8. Steel City through one of its Group Company viz; Steel City Financial Services Private Ltd systematically important non deposit accepting Non Banking Finance Company) provide NBFC services to its clients.
9. Company offers verity of E-Governance services
Facts about Steel City Securities as of FY 2015-16:
1. Company has 88,912 clients registered for stock trading.
2. Company has 4,260 clients for currency trading.
3. Company has 11,617 clients for commodity trading.
4. Total Demat accounts: 1,31,446.
5. Total brokerage earning: Rs 20.62 crores.
The Objects of the Fresh Issue is to raise resources for:
1. Investment in technology upgradation and office infrastructure for expansion of e
2. Setting up of AADHAAR Enrolment centre at all our existing branches
3. Enhancement of our Company’s brand through advertising and other brand
4. Working capital requirement
5. Meeting the expenses to the Offer
6. General Corporate Purposes.
[Dilip Davda] Cash surplus risk savvy investors may consider investment for long term. Read detail review...
Listing Date | February 17, 2017 |
BSE Script Code | |
NSE Symbol | STEELCITY |
ISIN | INE395H01011 |
Final Issue Price | ₹55 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹55.00 |
₹55.00 |
₹49.40 |
₹56.00 |
₹50.10 |
Steel City Securities Ltd
49-52-5/4, Sri Kanya Towers,
Shantipuram,
Visakhapatnam – 530016
Phone: (0891) 2549675-79/2762581
Email: srividya.m@steelcitynettrade.com
Website: http://www.steelcitynettrade.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: vipin@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide
Steel City Securities IPO is a SME IPO of 4,908,000 equity shares of the face value of ₹10 aggregating up to ₹26.99 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000 Shares.
The IPO opens on February 6, 2017, and closes on February 9, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Steel City Securities IPO opens on February 6, 2017 and closes on February 9, 2017.
Steel City Securities IPO lot size is 2000 Shares, and the minimum amount required is ₹110,000.
You can apply in Steel City Securities 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 Steel City Securities IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Steel City Securities IPO allotment status.
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Who gives wrong advice is clear now, so I am not commenting on it.
Who requires more knowledge in stock market you decide?
Steelcity in its half month of listing touched Rs.75.75, a return of 38% apprx.
Moreover, yesterday in its Board meeting it has announced R''s.1 dividend per share.
My only request to you is that don''t post anything negative on any company just before the date of listing, on the day of listing and immediately after listing. If anyone has taken a bet, let him try his luck.
Best of luck, dear investors.
You may refer various sources of information but take final decision on your own.