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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Steelman Telecom Ltd
Registered Office:
Rishi Tower Premises No 02-315,Street No 315 New Town,
Kolkata - 700156,
West Bengal, India.
Public issue of 27,10,800 equity shares of face value of (Rs) 10.00 each ("Equity Shares") of Steelman Telecom Limited (the "Company" or the "Issuer") for cash at a price of (Rs) 96.00 per equity (the "Issue Price") aggregating to (Rs) 26.02 crores ("The Issue") comprising of a fresh issue of 18,97,200 equity shares aggregating to (Rs) 18.21 crores (the "Fresh Issue") and an offer for sale of 8,13,600 equity shares by the selling shareholders ("Offer for Sale") aggregating to (Rs) 7.81 crores of which 135,000 equity shares aggregating to (Rs) 1.30 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 25,75,200 equity shares aggregating to (Rs) 24.72 crores (the "Net Issue"). The issue and the net issue will constitute 28.02% and 26.61% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is (Rs) 10.00 and the issue price is 9.6 times of the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
26-Sep-22
29-Sep-22
96.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 1200     Further Multiples of : 1200
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
17.10
Gretex Corporate Services Ltd
Project Financed
26.02
 
Post Issue
9.68
 
Issue Price
96.00
 
Projects
Investment In subsidiary
working capital requirements
General corporate purposes
Promoted By
Mayank Bindal
Listing At
BSE - SME
Registrar to the Issue
No Data Available!!!
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