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Incorporated in 1995, Narayani Steels Limited is one of india's leading ISO certified company in the metal sector. Company manufactures and trades iron and steel products in India. Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal. Product range includes TMT ReBars, Mild Steel Rounds, Mild Steel Square, Mild Steel Flat Bars, and Mild Steel Angles.
Company's products are primarily used in infrastructure, construction, automobile, etc. industries. The company sells its products through a network of various dealers/retailers/distributors. Their client list includes TRF, NTPC, VIZAC steel and Vizac profiles group.
| IPO Date | Sep 1, 2016 to Sep 6, 2016 |
| Listing Date | Sep 14, 2016 |
| Face Value | ₹10 per share |
| Price | ₹32 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,600,000 shares (aggregating up to ₹11.52 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
The Narayani Steels IPO lot size is 4000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹128,000 |
| Retail (Max) | 1 | 4000 | ₹128,000 |
| Lot Size Calculator | |||
[Dilip Davda] Pricing of the issue is on the higher side with nothing on tables for new investors. However, cash surplus risk savvy investors may consider it for long term investment; other may give it a miss. Read detail review...
The objects of the Issue are: Information in this section is taken from chittorgarh.com, India's No 1 IPO Investment Portal.
1. Working Capital Requirement;
2. General Corporate Purposes;
3. Issue expenses.
| Listing Date | Sep 14, 2016 |
| BSE Script Code | 540080 |
| NSE Symbol | |
| ISIN | INE715T01015 |
| Final Issue Price | ₹32 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹32.00 |
| ₹33.45 |
| ₹30.90 |
| ₹38.40 |
| ₹33.40 |
Narayani Steels Ltd
23A N S Road,
7th Floor, Room 31,
Kolkata - 700001
Phone: 08912501182
Email: info@narayanitmt.com
Website: http://www.narayanitmt.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Narayani Steels IPO is a SME IPO of 3,600,000 equity shares of the face value of ₹10 aggregating up to ₹11.52 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000 Shares.
The IPO opens on Sep 1, 2016, and closes on Sep 6, 2016.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Narayani Steels IPO opens on Sep 1, 2016 and closes on Sep 6, 2016.
Narayani Steels IPO lot size is 4000 Shares and the minimum order quantity is .
You can apply in Narayani Steels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Narayani Steels IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Narayani Steels IPO allotment status.
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