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 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.

Narayani Steels IPO Details

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 Size3,600,000 shares
(aggregating up to ₹11.52 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Narayani Steels IPO Reservation

Narayani Steels IPO Lot Size

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
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Narayani Steels IPO Review (May apply)

[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...

Objects of the Issue

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.

Narayani Steels IPO Prospectus

Narayani Steels IPO Rating

Rating:Rated 3.3 stars
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Narayani Steels IPO Listing Details

Listing Date Sep 14, 2016
BSE Script Code 540080
NSE Symbol
ISIN INE715T01015
Final Issue Price ₹32 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
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Company Contact Information

Narayani Steels Ltd
23A N S Road,
7th Floor, Room 31,
Kolkata - 700001
Phone: 08912501182
Email: info@narayanitmt.com
Website: http://www.narayanitmt.com

Narayani Steels IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

Narayani Steels IPO Analysis

Narayani Steels IPO Recommendation Summary

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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, 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.

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

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



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 (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 (200+ Posts)
Issue is oversubscribe by 1.5%.it 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 (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