Narayani Steels Ltd IPO (Narayani Steels IPO) Detail

Sep 1, 2016 - Sep 6, 2016

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, 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.

Objects of the Issue:

The objects of the Issue are: Information in this section is taken from, India's No 1 IPO Investment Portal.

1. Working Capital Requirement;
2. General Corporate Purposes;
3. Issue expenses.

Narayani Steels IPO Details

Narayani Steels IPO Date Sep 1, 2016 to Sep 6, 2016
Narayani Steels IPO Face Value ₹10 per share
Narayani Steels IPO Price ₹32 per share
Narayani Steels IPO Lot Size 4000 Shares
Issue Size3,600,000 shares of ₹10
(aggregating up to ₹11.52 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are:

1. Sunil Choudhary
2. Sunil Choudhary HUF

Narayani Steels IPO Lot Size

The Narayani Steels IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹128,000).

Application Lots Shares Amount
Minimum 1 4000 ₹128,000
Maximum 1 4000 ₹128,000

Narayani Steels IPO Review

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...

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Narayani Steels IPO Prospectus

Narayani Steels IPO Rating

Rating:Rated 3.3 stars
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Narayani Steels IPO Listing Date

Listing Date Wednesday, September 14, 2016
BSE Script Code 540080
NSE Symbol
Listing In M Group of Securities
ISIN INE715T01015
IPO Price ₹32 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Narayani Steels Ltd
23A N S Road,
7th Floor, Room 31,
Kolkata - 700001
Phone: 08912501182

Narayani Steels IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Narayani Steels IPO Reviews / Ratings

Narayani Steels IPO FAQs

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, Edelweiss, 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.

The Narayani Steels IPO listing date is on Wednesday, September 14, 2016.
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Narayani Steels IPO Message Board

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8. SEKHAR COOL |   Link |Oct 24, 2016 9:21:36 PM
i got this ipo through ASBA IN SBI INTERNET banking. kindly suggest how can i sell it?Is there any way to trade it through sbi deemat account?
7. atul |   Link |Sep 14, 2016 1:13:29 PM
Top Contributor Top Contributor (200+ Posts)
See my old comment.really gem like comsyn mitsu....
6. STOCKT |   Link |Sep 14, 2016 12:03:39 PM
5. STOCKT |   Link |Sep 14, 2016 11:47:28 AM
Going to hit upper circuit soon.

Company with sales of 500 crore is available at only 35 core market cap.

this might be another gallant ispat steel stock. gallant sme issued at 40 rs is now at 400 rs.
4. atul |   Link |Sep 6, 2016 11:30:11 PM
Top Contributor Top Contributor (200+ Posts)
Issue is oversubscribe by is much much better compaired to riddhi steel.
3. niceplaywins |   Link |Sep 3, 2016 2:23:08 AM
is it worth subscribing , jonam ji please comment
2. CPPK |   Link |Aug 31, 2016 3:42:18 PM
How can someone apply in SME IPO''s
2.1. Manipo |   Link |Aug 31, 2016 7:33:10 PM
Top Contributor Top Contributor (200+ Posts)
By Internet banking of axis kotak SBI union Bob etc.
Before applying check with your broker if they allow SME buy/sell from their platform
1. CAN |   Link |Aug 31, 2016 1:49:05 PM