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Narayani Steels Ltd IPO (Narayani Steels IPO) Detail

September 1, 2016 - September 6, 2016

Narayani Steels IPO is a fixed price issue of Rs 11.52 crores.

Narayani Steels IPO bidding started from September 1, 2016 and ended on September 6, 2016. The shares got listed on BSE SME on September 14, 2016.

Narayani Steels IPO price is ₹32 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹128,000.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Narayani Steels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Narayani Steels IPO RHP for detailed information.

Narayani Steels IPO Details

IPO Date September 1, 2016 to September 6, 2016
Listing Date September 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 Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹128,000
Retail (Max) 1 4000 ₹128,000
Lot Size Calculator

About Narayani Steels Ltd

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 (Narayani Steels IPO Objectives)

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 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...

Narayani Steels IPO Prospectus

Narayani Steels IPO Rating

Rating:Rated 3.3 stars
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Narayani Steels IPO Listing Details

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

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Narayani Steels Ltd Contact Details

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 - Buy or Not

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 September 1, 2016, and closes on September 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 September 1, 2016 and closes on September 6, 2016.

Narayani Steels IPO lot size is 4000 Shares, and the minimum amount required is ₹128,000.

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 September 14, 2016.
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Narayani Steels IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



8. SEKHAR COOL |   Link |  Bookmark |October 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 |  Bookmark |September 14, 2016 1:13:29 PM (300+ Posts)
See my old comment.really gem like comsyn mitsu....
6. STOCKT |   Link |  Bookmark |September 14, 2016 12:03:39 PM
5. STOCKT |   Link |  Bookmark |September 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 |  Bookmark |September 6, 2016 11:30:11 PM (300+ Posts)
Issue is oversubscribe by is much much better compaired to riddhi steel.
3. niceplaywins |   Link |  Bookmark |September 3, 2016 2:23:08 AM
is it worth subscribing , jonam ji please comment
2. CPPK |   Link |  Bookmark |August 31, 2016 3:42:18 PM
How can someone apply in SME IPO''s
2.1. Manipo |   Link |  Bookmark |August 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 |  Bookmark |August 31, 2016 1:49:05 PM