Incorporated in 1994, Steel City Securities Limited is a stock broking and e-governance service company. Steel City is based out of Visakhapatnam, AP.
Steel City offers wide range of financial products in 30 states if India. the offering includes Capital Market services, E-Governance services, Investment advisory in the form of distribution of Mutual Funds, Bonds, IPOs & Corporate Fixed Deposits, Currency Trading, Commodity Broking, Insurance Distribution & NBFC services.
Key offerings:
1. Steel City is the member of NSE, BSE, MCX, NCDEX & MSE for stock, derivatives, commodity and currency segment.
2. Steel City is a Depository Participant of NSDL & CDSL.
3. Steel City offers online E-Broking portal which provides online trading platform to the clients supported by investment advice and equity research.
4. Steel City through its Subsidiary viz; Steel City Commodities Private Limited, provides commodities trading to its clients through its trading platform on NCDEX & MCX.
5. Steel City Commodities Private Limited also provides distribution of life &non life insurance products of all the leading insurance Companies.
6. It holds approval from IRDA to conduct the said insurance business.
7. It is an authorized distributor of insurance policies of SBI Life, Religare Health and United India Insurance Company Limited.
8. Steel City through one of its Group Company viz; Steel City Financial Services Private Ltd systematically important non deposit accepting Non Banking Finance Company) provide NBFC services to its clients.
9. Company offers verity of E-Governance services
Facts about Steel City Securities as of FY 2015-16:
1. Company has 88,912 clients registered for stock trading.
2. Company has 4,260 clients for currency trading.
3. Company has 11,617 clients for commodity trading.
4. Total Demat accounts: 1,31,446.
5. Total brokerage earning: Rs 20.62 crores.
The Objects of the Fresh Issue is to raise resources for:
1. Investment in technology upgradation and office infrastructure for expansion of e
2. Setting up of AADHAAR Enrolment centre at all our existing branches
3. Enhancement of our Company’s brand through advertising and other brand
4. Working capital requirement
5. Meeting the expenses to the Offer
6. General Corporate Purposes.
IPO Opening Date | Feb 6, 2017 |
IPO Closing Date | Feb 9, 2017 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹55 per equity share |
Market Lot | 2000 Shares |
Min Order Quantity | 2000 Shares |
Listing At | NSE SME |
Issue Size | 4,908,000 Eq Shares of ₹10 (aggregating up to ₹26.99 Cr) |
The Steel City Securities IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110,000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 2000 | ₹110,000 |
Maximum | 1 | 2000 | ₹110,000 |
Listing Date | Friday, February 17, 2017 |
BSE Script Code | |
NSE Symbol | STEELCITY |
Listing In | |
ISIN | INE395H01011 |
IPO Price | ₹55 per equity share |
Face Value | ₹10 per equity share |
|
|
Steel City Securities Ltd
49-52-5/4, Sri Kanya Towers,
Shantipuram,
Visakhapatnam – 530016
Phone: (0891) 2549675-79/2762581
Email: srividya.m@steelcitynettrade.com
Website: http://www.steelcitynettrade.com/
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: vipin@bigshareonline.com
Website: http://www.bigshareonline.com
Steel City Securities IPO is a SME IPO of 4,908,000 equity shares of the face value of ₹10 aggregating up to ₹26.99 Crores. The issue is priced at ₹55 per equity share. The minimum order quantity is 2000 Shares.
The IPO opens on Feb 6, 2017, and closes on Feb 9, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Steel City Securities IPO opens on Feb 6, 2017 and closes on Feb 9, 2017.
Steel City Securities IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
You can apply in Steel City Securities 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 Steel City Securities IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Steel City Securities IPO allotment status.
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Who gives wrong advice is clear now, so I am not commenting on it.
Who requires more knowledge in stock market you decide?
Steelcity in its half month of listing touched Rs.75.75, a return of 38% apprx.
Moreover, yesterday in its Board meeting it has announced R''s.1 dividend per share.
My only request to you is that don''t post anything negative on any company just before the date of listing, on the day of listing and immediately after listing. If anyone has taken a bet, let him try his luck.
Best of luck, dear investors.
You may refer various sources of information but take final decision on your own.