Steel City Securities Limited IPO

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Steel City Securities Limited is a stock broking and e-governance service company. Steel City is based out of Visakhapatnam, AP. Steel City offers a 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. The company offers a verity of E-Governance services

Steel City Securities Limited IPO Stock Quote & Charts



  • Open: 29.85
  • High - Low: 29.85 - 28.50
  • Previous Close: 28.75
  • Total Traded Volume: 1444
  • Updated On: 24-Dec-2019

Objects of the Steel City Securities Limited IPO:

The Objects of the Fresh Issue is to raise resources for :1. Investment in technology upgradation and office infrastructure 2. Setting up of AADHAAR Enrolment centre at all our existing branches 3. Enhancement of our Company brand through advertising and other brands 4. Working capital requirement 5. Meeting the expenses of the Offer 6. General Corporate Purposes.

Steel City Securities Limited IPO Details:

Open Date: Feb 06 2017
Close Date: Feb 09 2017
Total Shares: 4,908,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 26.99 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 55 Per Equity Share
Listing At: NSE Emerge
Listing Date: Feb 17 2017

Lead Manager of Steel City Securities Limited IPO:

  1. Keynote Corporate Services Limited

Registrar of Steel City Securities Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Steel City Securities Limited 49-52-5/4, Sri Kanya Towers, Shantipuram, Visakhapatnam 530016 Phone: 0891 2549675-79/2762581 Fax: 0891 2720135/2762586 Email: Website:

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