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Steel City Securities Ltd IPO (Steel City Securities IPO) Detail

February 6, 2017 - February 9, 2017

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.

Steel City Securities IPO Details

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 Size4,908,000 shares
(aggregating up to ₹26.99 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue12,380,912
Share holding post issue15,107,095

Steel City Securities IPO Lot Size

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

About Steel City Securities Ltd

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.

Objects of the Issue (Steel City Securities IPO Objectives)

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.

Steel City Securities IPO Review (Apply)

[Dilip Davda]  Cash surplus risk savvy investors may consider investment for long term. Read detail review...

Steel City Securities IPO Prospectus

Steel City Securities IPO Rating

104
3.8
Rating:Rated 3.8 stars
Vote Here ...

Steel City Securities IPO Listing Details

Listing Date February 17, 2017
BSE Script Code
NSE Symbol STEELCITY
ISIN INE395H01011
Final Issue Price ₹55 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹55.00
₹55.00
₹49.40
₹56.00
₹50.10

Check IPO Performance…

Steel City Securities Ltd Contact Details

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/

Steel City Securities IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: vipin@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Steel City Securities IPO - Buy or Not

Steel City Securities IPO Recommendation Summary

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Members 0 0 0

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Steel City Securities IPO FAQs

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.

The Steel City Securities IPO listing date is on February 17, 2017.
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Steel City Securities IPO Message Board

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151 Comments

78. NPT |   Link |  Bookmark |March 11, 2017 5:00:18 PM (200+ Posts, 300+ Likes)
IPO Analysis, take the moral responsibility for the loss incurred by some of the investors in Steelcity on account of your negative posts on and just after listing.
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.
77. lakshya agg |   Link |  Bookmark |February 20, 2017 7:48:29 PM
u know steel city ki delivery kaise lagani hai

means market type = normal ya kaise?


sme ki delivery kaise lagti hai?
76. IPOANALYSIS |   Link |  Bookmark |February 20, 2017 10:17:55 AM
IF YOU LOOK PAST HISTORY OF SME STOCK BROKERS HAVE NOT PERFORMED WELL . EVEN WEALTH SME WHICH CAME RECENTLY HAVE NOT DONE WELL
THERE IS GREAT CHANCE OF THESE COMPANIES LISTING AT DISCOUNT

IF U LLOK AT MY PAST RECOMMENDATION I AHVE ADVISED PEOPLE TO BUY AMBITION MICA,JIYA ECOPRODUCTS,LANCER CONTAINER,LOYAL,HITECH,FOURTH,JET FREIGHT WHEN THEY WERE AVAILABLE AT SUCH GOOD PRICE AND HAVE GOOD BUSINESS MODEL

76.4. SONMAYA |   Link |  Bookmark |February 20, 2017 10:44:31 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
wt was yr reco..fr..DRA......please..write...here..
76.5. lakshya agg |   Link |  Bookmark |March 3, 2017 10:58:53 AM
steel city is now at 64


now say
75. IPOANALYSIS |   Link |  Bookmark |February 20, 2017 9:55:53 AM
NPT UR RECOMMENDATION FOR DEBT FREE COMPANY STEEL SECURITIES IS DOING VERY WELL.

PLEASE KEEP ADDING MORE STOCK OF THIS COMPANY IF YOU ARE SO CONFIDENT OF THIS COMPANY. STOCK IS ALREADY DOWN 12 PC AND WOULD BE DOWN MORE THAN 50 PC IN 6 MONTHS TIME
U R NOT AWARE THAT NOT A SINGLE SME OF KEYNOTE HAS PERFORMED IN MARKET
PLEASE GO AND GAIN SOME KNOWLEDGE IN MARKET BEFORE COMMENTING AND AVDICING PEOPLE TO HOLD WRONG SCRIPS.
75.6. IPOANALYSIS |   Link |  Bookmark |February 20, 2017 11:29:40 AM
also point to be noted is Keynote few issues which have given returns too listed at discount on opening day.

So keynote have bad records both for short term and long term issues.
NPT f u r confident of Keynote issues please buy all there shares as most of them ar at huge discounts. i have given the list. please go ahead and purchase them as u look overconfident
75.7. siddhant agrawal |   Link |  Bookmark |February 20, 2017 1:27:39 PM
What about HEM securities as a lead manager.
Give your views
74. NPT |   Link |  Bookmark |February 20, 2017 8:18:37 AM (200+ Posts, 300+ Likes)
On the listing day i.e. on 17th Feb. 19.06 lacs shares of Steel City Securities are traded out of which 13.66 lacs shares i.e. 72% of the total trade is deliverable trades.
To me, it shows that there is good demand for the share in the market.
Take the decision as per your own prudence.
Good luck.
73. NPT |   Link |  Bookmark |February 20, 2017 8:04:20 AM (200+ Posts, 300+ Likes)
My dear IPO analysis, here is my response to some of your posts:
1. You had posted on 24 Nov 2016 in jet freight that the lead manager has come with another expensive ipo i.e. Jet Freight Logistics, appealed to all of us to boycott it as the fair value in your opinion was R''s.7-10.
My dear today it is trading at 79.80.
When you saw that the price is increasing in the market you started everyone to buy it and now claiming that you had recommendation.
2. Maheswari Logistics paper business is new and would incur loss, would be battered heavily. Your post DT.12th Feb.
The share has still given positive return to the investors with highest price reaching 82 since listing and not heavily battered till now.
There are so many good companies like ICICI prudential life, mcx, L&t info, etc even rated extremely good by capital market, still gave initial loss to the investors.
3. On Feb 03, you had mentioned that bse is reaching 2000, see the price after your post. One should not claim that he/she is a market pundit. Let others say that you are a market pundit just like as investors praise eagleye, septa, etc.
4. On Jan 9 you had given a comment on Profile Industries that it would reach 22in a few days.
Now it is ready 41.
5. Your comment no.29 on the same day that Libas to reach 45.
Now it is trading at 68.
6. You have given comments that Key note is not reliable due to poor performance of some of the IPOs shares managed by this company in the recent past.
I have verified it and found that some of the IPOs managed by keynote is not doing well. However, there are a large number of shares managed by keynotes in the past are performing very well and a few have moved to Main stream also.
Even there are a large number of reputed Registrars like Link times, etc their all the companies are not performing well.
My request to all that it is not possible so many data, information here due to typing difficulties. They may click on the name of the IPO Registrar>Report you will find the detail IPOs managed by the Registrar, find the present price from the bse/bse sites and make your own assessment.
Remember investors have list money even in mcx, ICICI prudential, quick heal, etc where the lead managers were the reputed ones.
In the past I have also suffered loss where Karvy was the Registrar/Lead manager.
7. Another request to you, Sir is that till the last date of the subscription if anyone has any negative opinion, they may post. And inspite of this anyone has taken a call let him take the risk.
My appeal is that at least just before or on the date of listing don''t post anything negative about the issue as it may spoil the sentiments of the market as well as the investors which may be damaging.
Regarding steel city securities my opinion is that the management is good, experienced, highly qualified. They are very much compliance oriented of different rules, laws of the regulator which may be observed from their tax payments history.
The stock has every chance to move to the main stream.
Chittirgarh.com is nicely facilitating it''s visitors and investors by providing review by Dilip Davda, an experienced analyst. Take the decision on your own analysis and risk taking appetite.
Have a good day.
73.1. IPOANALYSIS |   Link |  Bookmark |February 20, 2017 9:36:31 AM
Dear NpT

Have you looked at my recommended SME stocks carefully which ahve given multibagger returns.

Buy Lancer container,loyal equipments,jiya ecoproducts,hitech pipes,universal auto,fourth dimension,

this was when they were available at very cheap price and now have doubled and even gone 10 times

this shows u r fool not to look at my 20 correct recommendation earlier.

stop folling urself as i have made great returns from sme

ur recent post shows u have no knowledge and my correct recommendation of steel securities have hurt u as u were asking everyone not to sell whereas all people are now in loss in steel securities whether they are trader or investors.

please go ahead cry baby as i know u have incurred huge losses in steel securities







on''''t sell SCSL in panic.
No body knows how the market will react.
Fair value of the issue price is calculated as per sebi guidelines and I guess that it can''''t be manipulated by 100% increase.
I have strong belief that it will perform upto the expectations of the investors.

9.1. R GARG Feb 15, 2017 6:02:24 PM IST
Steel City Securities Ltd IPO

Company is good. Few things about steel city.
1. Zero debt company,
2. Dividend paying company from last fine years,
3. Gst no. Will be required for all traders n service provider so huge scope for future business
4. Companies turn over is less than 50 cr. So immediate gain of 5 percent in corporate tax, so company ''''s PE will improve


73.2. IPOANALYSIS |   Link |  Bookmark |February 20, 2017 9:48:10 AM
Stop spreading lies NpT . i know u have suffered huge losses in steel securities and would incur more losses.

I have full sympathy with u . u have been proven wrong with all ur statements.

I have never said not to apply jet freight. stop spreading false news and show me the comment
Infact i have been positive on this company and have advised everyone to keep adding more stocks of it

IPOANALYSIS Jan 16, 2017 11:01:18 AM IST | 1 | Reply
Sell maheswari as it''''''''s paper business is new and wd incur losses. Would be battered heavily in time to come. Management also is not trsutworthy Instead go and buy jet freight logistics which earn revenues from domestic and international airline freight and also going to enter shipping sector soon



12. IPOANALYSIS Dec 22, 2016 8:16:56 PM IST Reply
Veeram Ornaments Ltd IPO

hhahaha

please apply and get your money halved in 10 days only

jewellery stocks have been battered in this market.




9. IPOANALYSIS Dec 16, 2016 12:50:47 AM IST Reply
Laurus Labs Ltd IPO

this will be a slow and steady mover. should keep this for long term.

another DR lal path,advance enzyme,thyrocare ,syngene type of story.
do remember those who sold above stocks on listing still repent and made mistakes

sit tight and hold for long term gains in this stock.
avatar
8. IPOANALYSIS Dec 14, 2016 1:48:02 PM IST Reply
Sheela Foam Ltd IPO

All weak hand retailers are almost out.stock in strong hands headed towards 1350 in short term
72. NPT |   Link |  Bookmark |February 18, 2017 10:28:29 AM (200+ Posts, 300+ Likes)
Respected Admin, Chittorgarh.Com,
Yesterday there was a post from IPOAnalysis in which they had commented, "Jo humse lega......". I think that in the same post they had also given comment on Jer Freight share performance.
I request you to please re-post the message as I would like to reply to the post. You may delete some part of the message if you feel so but their comment on Jet freight may be re-posted to respond it.
72.1. NPT |   Link |  Bookmark |February 18, 2017 2:22:10 PM (200+ Posts, 300+ Likes)
I got that post and I will respond to it on Monday i.e. on 20th Feb at 7.30 a.m.
71. ran |   Link |  Bookmark |February 17, 2017 12:09:29 PM
A special round of thanks to IPOanalysis ji, for his guidance.
After seeing your analysis , i did not apply for it ..
:)
70. Allan |   Link |  Bookmark |February 17, 2017 11:01:28 AM (200+ Posts)
I was reading the comment of IPOANALYSIS and full credit to you Sir...throughout the posts for Steel City you have been warning investors regarding listing gain which there never was today. Also spot on regarding Keynote registrar....Great work Sir, its members like you that bring me to this site.
69. IPOANALYSIS |   Link |  Bookmark |February 17, 2017 10:36:17 AM
when i said keynote is a bad lead manager everybody said what is the difference its going to make in listing price

now hope they got answer for keynote listed sme and would stay away from them
69.4. R GARG |   Link |  Bookmark |February 17, 2017 4:10:52 PM
Very good Analysis
69.5. NPT |   Link |  Bookmark |February 17, 2017 4:56:02 PM (200+ Posts, 300+ Likes)
IPO Analysis, give your opinion on the forthcoming sme IPOs too.
Investment decision is upto the investors.
But, one suggestion from my side is that when someone has invested in any sme IPOs inspite of some concerns he should wait for some time or should not apply at all.
Their nervousness and panic sells is creating adverse impact on the listing price and on the other investors.
Those who cannot absorb loss in sme IPOs should avoid applying.
Today more than 19 lacs shares of steel city were traded, still closing at R''s.51 and above the lowest price of the day.
Hope Monday would be a good day for the investors.
Best of luck.
68. NPT |   Link |  Bookmark |February 17, 2017 10:02:31 AM (200+ Posts, 300+ Likes)
Those who have invested in Steelcity Security new that it is sme and listing risk was not ignored that means investors were ready to accept lower listing of 10-20% also.
If you were risk taking then why to sell in loss.
Moreover, around 20% i.e.890000 shares have been bought which to me is that the share has demand.
I feel that those who are buying are also informed investors.

67. IPOANALYSIS |   Link |  Bookmark |February 17, 2017 9:20:33 AM
opened down. will hit lower circuit in next few days, get out of this crap.

I told everyone its a bad stock. noone listened. same with maheshwari which went down after listing

55. IPOANALYSIS Feb 15, 2017 3:54:10 PM IST | I Like It. 1 | Report Abuse Reply
This stock will be hammered. Keynote is worst lead manager.plz chk performance of all its sme. Pathetic performance. Expect heavy selling on listing day will take this below issue price.plz exit if given any chance. Never keep any keynote sme for long term. Fair value of stock is 20 rs
67.1. Srikanth T V |   Link |  Bookmark |February 17, 2017 9:38:04 AM
Dear where did you find the stock price, i cant see it.
66. Srikanth T V |   Link |  Bookmark |February 17, 2017 9:18:00 AM
Good stock for long term, Can expect 50% returns within next 6months time frame. So dont rush for listing gains. May be you can offload 30% of shares and keep remaining 70% to take advantage of Listing gains
66.2. Srikanth T V |   Link |  Bookmark |February 17, 2017 9:45:06 AM
DEAR AKMP,
Thanks and i agree if you have only 1 stock you have to sell FULL. Am adviciing for people who have more than 1 lot :-) I have 4 lots
66.3. KAJLA |   Link |  Bookmark |February 17, 2017 10:40:35 AM
Congrats for 4 lot now it is available in 52 now you can add more what ever qty you like
but do''t make foolish to other peoples
65. siddhant agrawal |   Link |  Bookmark |February 17, 2017 9:14:39 AM
Listing kitne baje hoygi aj
65.1. Srikanth T V |   Link |  Bookmark |February 17, 2017 9:19:09 AM
9.15am
64. brahmmaji |   Link |  Bookmark |February 16, 2017 9:53:30 PM
Hi my dear investors tommorow on Friday 17th Feb 2017 steelcity securities Ltd listing.Basic information about this company EPS 49.50 continously dividend paying company ,largest organization in E-governance and Basic platform stock broking from last two decades.In bidding retailers partispation 6.74 times and HNI Part 3.19 times.definately huge returns will get on listing and long term no need to worry.
63. lakshya agg |   Link |  Bookmark |February 16, 2017 3:01:22 PM
rs 1.63/- dividend
rs 50730 crore turnover
brokerage earning rs 20 crore

fair value rs 80/- on 20 PE
63.1. NPT |   Link |  Bookmark |February 16, 2017 8:12:04 PM (200+ Posts, 300+ Likes)
4th quarter result will be excellent due to improvement in the stock market.
62. lakshya agg |   Link |  Bookmark |February 16, 2017 2:46:10 PM
15 rs gmp
62.1. Dharmesh bhai |   Link |  Bookmark |February 16, 2017 3:36:39 PM
Ready to sell four lots
62.2. Moneymachine |   Link |  Bookmark |February 17, 2017 5:58:12 AM
What price I should sell for only listing gains?? As you are saying 15rs in GM.. So will it be around 68-70??
61. Sricharan |   Link |  Bookmark |February 16, 2017 12:32:58 PM
What is the grey market price?
60. parmod gupta |   Link |  Bookmark |February 16, 2017 11:06:59 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Listing kal h Friday ko
Best of luck for all allotted people
59. BABUKALIA |   Link |  Bookmark |February 15, 2017 9:51:45 PM
Steel city ka premium kitna he