Good listing as expected earlier. The Shares list at Premium of 2.11%.
Surani Steel Tubes Limited IPO
(i) Surani Steel Tubes Limited is a name of excellence in the field of manufacturing and supplying best ERW pipes and Steel Tubes. The company commenced in July 2012 on the strong base formulated by decades of experience in this industry. The company is ISO 9001:2015 certified manufacturing and supplying of ERW pipes.
(ii) The company has a manufacturing plant at Dahegam, Gandhinagar, Gujarat spread across 8300 square meters of land having installed capacity of 25,000 MT Per Annum and it is currently running at 80% of the installed capacity.. The company has already purchased land of 32,019 square meters in Gandhinagar for the new manufacturing facility. The operation of which will start at the end of Dec 2018.
(iii) As on 31.03.2018, the company has more than 300 dealers in Gujarat.
(iv) ERW MS Pipes & Steel Tubes have turned the futuristic approach for ensuring smooth and advanced functioning of different industries. Be it agriculture, construction, chemicals or any other large scale industry, usage of these pipes is turning prominent. Understand this scenario in the industries of ERW MS pipes; Surani Steel has entered the marketplace with a clear vision of fabricating and supplying the best of it. Incepted in the year July 2012, the company distinguishes itself as leading and quality manufacturer of best steel tubes.
(v) The company is incepted and being managed by the experienced professionals, having decades of experience in ERW MS Pipes and steel tubes manufacturing. The deployment of best resources and state of art manufacturing facilities with the stronger back of technology is their forte.
(vi) Clients of the Company
Objects of the Surani Steel Tubes Limited IPO:
Surani Steel Tubes Limited IPO Details:
|Open Date:||Jan 25 2019|
|Close Date:||Jan 29 2019|
|Face Value:||₹ 10 Per Equity Share|
|Issue Size:||12.9168 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 52 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Feb 06 2019|
Financials of Surani Steel Tubes Limited IPO:
Comparison With Peers:
|APL Apollo Tubes||10||4371||112||2821.497||3460||47.63||24.96||30.61||12.4%||0.65|
Recommendation on Surani Steel Tubes Limited IPO:
Lead Manager of Surani Steel Tubes Limited IPO:
Registrar of Surani Steel Tubes Limited IPO:
Bid Details of Surani Steel Tubes Limited IPO as on
29-Jan-2019 18:00:00 IST
|Category||No.of shares offered||No. of shares bid|
Discussion on Surani Steel Tubes Limited IPO:
Good issue. should reward investors.
What About This Sme Ipo ????
Pantomath is coming up with SME board IPO.
*RITCO LOGISTICS Ltd.*
Expected in last week of january.
Issue size approx 48cr.
Good company fair valuation.
(i) The company has a Mcap of 57.38 Cr and a having sales of 100 Cr in FY18. So Mcap/Sales is 0.57( The stock is undervalued).
(ii) The EBITDA Margins in the last 5 years are between 3 to 5%.
(iii) Debt/Networth is 1.37( bit higher). Post issue Debt/Networth will be 0.61( manageable Debt/Networth).
Respected Market Wizard,
Surani Steel is situated at Dehgam,
It’s Considered an Ahmedabad MS Pipes Manufacturer.
And Has Good Competition in and around Ahmedabad.
Private and Unlisted Competition
(1) Ahmedabad Strips Pvt Ltd (Pipe Division), Khatraj
(2) Ocean Tubes , Vijapur
(3) Milestone Tubes Pvt Ltd , Karai Roads, Gandhinagar
(4) S K Tubes , Chhatral
Listed Company Competition
(1) Hi – Tech Pipes Ltd , Sanand Gidc
(2) Riddhi Steel & Tube Ltd , Piplaj – Pirana Road
(3) Asian Tubes Ltd
(4) Asian Mills Ltd
Now Market Wizard , go and check if the stock is undervalued or overvalued.
EPS calculation Pre issue based on FY18 Financials
1. PAT= 172.44 lakh
2. Outstanding Shares= 58 lakh
3. EPS = 2.97
4. P/E= 19.47
EPS calculation Post issue based on FY18 Financials
1. PAT= 172.44 lakh
2. Outstanding Shares= 58 lakh + 24.84( New Shares in IPO)= 82.84 lakh
3. EPS = 2.08
Excuse me sir,
Pls check out this link: https://www.zaubacorp.com/company/SURANI-STEEL-TUBES-LIMITED/U27109GJ2012PLC071373
The Above link shows almost all vital financial aspect of the company for the general public.
The Authorised Capital: RS. 9.00 Crores (90.00 Lakh Shares),
Fully Paid Up Capital: RS. 5.80 Crores. (58.00 Lakh Shares).
Un-Paid Capital Available: Rs. 3.20 Crores. (32.00 Lakh Shares).
Meaning The Company Itself Has around RS. 3.20 Crores worth of Unpaid Shares available on it’s Book.
Nothing sort of unpaid capital is mentioned in the RHP.
Very prospective IPO
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