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.

Company Promoters:

The promoters of the company are:

1. Sunil Choudhary
2. Sunil Choudhary HUF

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 Details

IPO DateSep 1, 2016 - Sep 6, 2016
Issue TypeFixed Price Issue IPO
Issue Size3,600,000 Eq Shares of ₹10
(aggregating up to ₹11.52 Cr)
Face Value₹10 Per Equity Share
IPO Price₹32 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtBSE SME

Narayani Steels IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹128,000
Maximum14000₹128,000

Narayani Steels IPO Prospectus

Narayani Steels IPO Rating

35
3.3
Rating:Rated 3.3 stars

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Narayani Steels IPO Listing Date

Listing DateWednesday, September 14, 2016
BSE Script Code540080
NSE Symbol
Listing InM
ISININE715T01015
IPO Price₹32 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹32.00
₹33.45
₹30.90
₹38.40
₹33.40
576,000

Narayani Steels IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Narayani Steels IPO FAQs

  1. 1. What is Narayani Steels IPO?

    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 price of the IPO is ₹32 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Narayani Steels IPO will open?

    The Narayani Steels IPO opens on Sep 1, 2016 and closes on Sep 6, 2016.

  3. 3. How to apply for Narayani Steels IPO?

    Narayani Steels IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Narayani Steels IPO allotment?

    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.

  5. 5. When is Narayani Steels IPO listing date?

    The Narayani Steels IPO listing date is on Wednesday, September 14, 2016, at BSE SME.
  6. 6. What is the lot size of Narayani Steels IPO?

    Narayani Steels IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

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Narayani Steels IPO Review / Comments

SEKHAR COOL
8. SEKHAR COOL  Oct 24, 2016 21:21
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?
atul
7. atul  Sep 14, 2016 13:13
Top Contributor Top Contributor (200+ Posts)
See my old comment.really gem like comsyn mitsu....
STOCKT
6. STOCKT  Sep 14, 2016 12:03
DONT BE IN HURRY . DONT GIVE AWAY A 200 RS STOCK.
ITS GONE ON STRONG HANDS NOW. STOCK TO GO UP FROM HERE ONLY
STOCKT
5. STOCKT  Sep 14, 2016 11:47
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.
atul
4. atul  Sep 6, 2016 23:30
Top Contributor Top Contributor (200+ Posts)
Issue is oversubscribe by 1.5%.it is much much better compaired to riddhi steel.
niceplaywins
3. niceplaywins  Sep 3, 2016 02:23
is it worth subscribing , jonam ji please comment
CPPK
2. CPPK  Aug 31, 2016 15:42
How can someone apply in SME IPO''s
Manipo
2.1. Manipo  Aug 31, 2016 19:33
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






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