Steelman Telecom IPO Detail
Incorporated in 2013, Steelman Telecom Limited offer support services and solutions to address the Network requirements of the Telecom industry. The company provide services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions and Managed Services for network maintenance.
The company is headquartered in Kolkata Our branch offices are located at Bhubaneshwar & Gurgaon.
Steelman Telecom Limited offers services such as Telecom Implementation Service, Radio Frequency Services, Engineering Procurement Construction Management, Managed Services, Operation and Maintenance services, Payroll & Resource Management and New Generation Technology.
Competitive Strengths:
- Experienced management and skilled team.
- Established relationships with existing customers.
- Comprehensive Telecom Support Services.
- Timely Delivery of Projects.
Company Promoters
Mr. Mayank BindalIPO Details
| IPO Opening Date | Sep 26, 2022 |
| IPO Closing Date | Sep 29, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹96 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹26.02 Cr |
| Fresh Issue | ₹18.21 Cr |
| Offer for Sale | ₹7.81 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 5.77x | 3.64x | 4x | |
| Day 2 | - | - | 5.77x | 3.64x | 4x | |
| Day 3 | - | - | 5.77x | 3.64x | 4x | |
| Day 4 | - | - | 5.77x | 3.64x | 4x | |
| Day 5 | - | - | 5.77x | 3.64x | 4x | |
| Day 6 | - | - | 5.77x | 3.64x | 4x | |
| Day 7 | - | - | 5.77x | 3.64x | 4x |
IPO Tentative Timetable
The Steelman Telecom IPO open date is Sep 26, 2022, and the close date is Sep 29, 2022. The issue may list on Oct 10, 2022.
| IPO Open Date | Sep 26, 2022 |
| IPO Close Date | Sep 29, 2022 |
| Basis of Allotment Date | Oct 04, 2022 |
| Initiation of Refunds | Oct 06, 2022 |
| Credit of Shares to Demat Account | Oct 07, 2022 |
| IPO Listing Date | Oct 10, 2022 |
IPO Lot Size
The Steelman Telecom IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹115200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹115200 |
| Maximum | 1 | 1200 | ₹115200 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 71.98% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 3621.76 | 8794.62 | -22.91 |
| 31-Mar-21 | 3698.44 | 9015.5 | 137.64 |
| 31-Mar-22 | 4525.76 | 10116.31 | 396.58 |
Objects of the Issue:
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
a) Investment in Subsidiary.
b) Working Capital Requirements.
c) General Corporate Purposes.
Steelman Telecom IPO Registrar:
Bigshare Services Pvt Ltd
Steelman Telecom IPO Lead Manager(s):
Gretex Corporate Services Pvt Ltd
Company Contact Information:
Steelman Telecom
Rishi Tower, Premises No. 02-315,
Street No. 315, New Town,
Kolkata- 700156
