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IPO Details


Steel City Securities Ltd
Registered Office: 49-52-5/4, Shanthipuram, Visakhapatnam - 530016, Andhra Pradesh
Phone: 91-0891-2563581
Email: ramu.n@steelcitynettrade.com
Website: www.steelcitynettrade.com
Public offer of 49,08,000 equity shares of face value of Rs. 10 each (equity shares) of Steel City Securities Limited (the company or the issuer) for cash at a price of Rs. 55 per equity share (including a share premium of Rs. 45 per equity share) aggregating upto Rs. 26.99 crores consisting of a fresh issue of 27,26,183 equity shares aggregating upto Rs. 14.99 crores (the fresh issue) and an offer for sale of 21,81,817 equity shares of the company comprising of 8,94,809 equity shares by Mr. G. Sree Rama Murthy, 5,96,540 equity shares by Mr. K. Satyanarayana and 6,90,468 equity shares by Mr. G. Rajagopal Reddy (collectively the selling shareholders) (offer for sale) aggregating to Rs. 12 crores (the offer) (the offer for sale and the fresh issue are together referred to as, the offer). of the offer, 2,46,000 equity shares of face value of Rs. 10 each for a cash price of Rs. 55 per equity share, aggregating to 1.35 crores will be reserved for subscription by market maker (market maker reservation portion). The offer less the market maker reservation portion i.e. Offer of 46,62,000 equity shares of face value of Rs. 10 each at an offer price of Rs. 55 per equity share aggregating to 25.64 crores is hereinafter referred to as the net offer. The offer and the net offer will constitute 32.49% and 30.86 %, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is Rs. 10 each. The Offer price is Rs. Rs.55 per equity share and is 5.5 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
06-Feb-2017 09-Feb-2017 55.00 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
()Cr. Lead Managers to the Issue
Project Cost 14.99 Keynote Corporate Services Ltd
Project Financed through Current Offer 26.99
Post Issue Equity Share Capital 15.11
Issue Price 55.00
Projects
Investment in technology upgrad. & Office Infrast.
Setting up AADHAR Enrolment centre at all branches
Enhancement of the company's brand through advert.
Working capital requirement
General corporate purposes
Promoted By
G Sree Rama Murthy
K Sathyanarayana
Satish Kumar Arya
Listing At
NSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

INDIAN INDICES

Sensex

84,544.31 1,359.51 (1.63%)

Nifty

25,790.95 375.15 (1.48%)

GLOBAL INDICES

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