IPO Issue Details
Issue Price / Price Band₹96 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size27,10,800 shares (aggregating up to ₹26.02 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 26 Sep 2022
Subscription CloseThu, 29 Sep 2022
Anchor AllotmentSun, 25 Sep 2022
Basis of AllotmentFri, 07 Oct 2022
Initiation of RefundsMon, 10 Oct 2022
Credit of Shares to DematMon, 10 Oct 2022
Listing DateMon, 10 Oct 2022
UPI Mandate Deadline2022-09-29
Application & Investment Details
Retail — Min (1 Lots)₹1,15,200 — 1,200 shares
Retail — Max (13 Lots)₹1,497,600 (13 Lots)
HNI — Min (2 Lots)₹2,30,400 — 2,400 shares
P/E Ratio (Pre-IPO)23.41x
Net Offer to Public25,75,200 shares (aggregating up to ₹24.72 Cr)
Reserved for Market Maker1,35,600 shares (aggregating up to ₹1.30 Cr)
Pre-IPO Promoter Holding77,79,000 shares
Post-IPO Promoter Holding96,76,200 shares
Fresh Issue Shares17,61,600 shares (aggregating up to ₹16.91 Cr)
Offer for Sale Shares8,13,600 shares of ₹10 (aggregating up to ₹7.81 Cr)
About Steelman Telecom Ltd.
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.
Objects of the Issue
Steelman Telecom Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Investment in Subsidiary
5.00
2
2 Working Capital Requirements
8.00
3
3 General Corporate Purposes
4.10
Shareholding & Lock-in
Pre-IPO Promoter Holding
77,79,000 shares
Post-IPO Promoter Holding
96,76,200 shares