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Steelman Telecom Limited IPO (Steelman Telecom IPO) Detail

Sep 26, 2022 - Sep 29, 2022

Incorporated in 2013, Steelman Telecom Limited offer support services and solutions to address the Network requirements of the Telecom industry. The company provide services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions and Managed Services for network maintenance.

The company is headquartered in Kolkata Our branch offices are located at Bhubaneshwar & Gurgaon.

Steelman Telecom Limited offers services such as Telecom Implementation Service, Radio Frequency Services, Engineering Procurement Construction Management, Managed Services, Operation and Maintenance services, Payroll & Resource Management and New Generation Technology.

Competitive Strengths:

  • Experienced management and skilled team.
  • Established relationships with existing customers.
  • Comprehensive Telecom Support Services.
  • Timely Delivery of Projects.

Company Financials

Steelman Telecom Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-203621.768794.62-22.91985.21486.61
31-Mar-213698.449015.5137.641149.14650.54
31-Mar-224525.7610116.31396.581540.721042.12
Amount in ₹ Lakhs

Objects of the Issue

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:

a) Investment in Subsidiary.

b) Working Capital Requirements.

c) General Corporate Purposes.

Steelman Telecom IPO Details

Steelman Telecom IPO Date Sep 26, 2022 to Sep 29, 2022
Steelman Telecom IPO Face Value ₹10 per share
Steelman Telecom IPO Price ₹96 per share
Steelman Telecom IPO Lot Size 1200 Shares
Issue Size2,710,800 shares of ₹10
(aggregating up to ₹26.02 Cr)
Fresh Issue1,897,200 shares of ₹10
(aggregating up to ₹18.21 Cr)
Offer for Sale813,600 shares of ₹10
(aggregating up to ₹7.81 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
Company Promoters

Mr. Mayank Bindal is the company promoter.

Steelman Telecom IPO Timeline (Tentative Timetable)

Steelman Telecom IPO opens on Sep 26, 2022, and closes on Sep 29, 2022. The Steelman Telecom IPO bid date is from Sep 26, 2022 10.00 A.M. to Sep 29, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Steelman Telecom IPO Opening Date Sep 26, 2022
Steelman Telecom IPO Closing Date Sep 29, 2022
Basis of Allotment Oct 4, 2022
Initiation of Refunds Oct 6, 2022
Credit of Shares to Demat Oct 7, 2022
Steelman Telecom IPO Listing Date Oct 10, 2022

Steelman Telecom IPO Lot Size

The Steelman Telecom IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹115,200).

Application Lots Shares Amount
Retail (Min) 1 1200 ₹115,200
Retail (Max) 1 1200 ₹115,200

Steelman Telecom IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 71.98%

Steelman Telecom IPO Review

STL is operating in a highly competitive segment. Based on FY22 earnings, the issue is aggressively priced. There is no harm in skipping this pricy issue. Read detail review...


Steelman Telecom IPO Subscription Status (Bidding Detail)

The Steelman Telecom IPO is subscribed 22.40 times on Sep 29, 2022 6:59:00 PM. The public issue subscribed 22.82 times in the retail category, 7.78 times in the QIB category, and 70.09 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB7.78
NII70.09
Retail22.82
Total22.40

Steelman Telecom IPO Prospectus

Steelman Telecom IPO Rating

81
3.3
Rating:Rated 3.3 stars
Vote Here ...

Company Contact Information

Steelman Telecom Limited
Rishi Tower, Premises No. 02-315,
Street No. 315, New Town,
Kolkata- 700156
Phone: 8443022233
Email: info@steelmantelecom.in
Website: http://www.steelmantelecom.com/

Steelman Telecom IPO Registrar

Bigshare Services Pvt Ltd

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

Steelman Telecom IPO Review

Steelman Telecom IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 1 3

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Steelman Telecom IPO FAQs

Steelman Telecom IPO is a SME IPO of 2,710,800 equity shares of the face value of ₹10 aggregating up to ₹26.02 Crores. The issue is priced at ₹96 per share. The minimum order quantity is 1200 Shares.

The IPO opens on Sep 26, 2022, and closes on Sep 29, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Steelman Telecom IPO using UPI as a payment gateway. Zerodha customers can apply in Steelman Telecom IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Steelman Telecom IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Steelman Telecom IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Steelman Telecom IPO opens on Sep 26, 2022 and closes on Sep 29, 2022.

Steelman Telecom IPO lot size is 1200 Shares and the minimum order quantity is .

You can apply in Steelman Telecom 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 Steelman Telecom IPO will be done on Oct 4, 2022, and the allotted shares will be credited to your demat account by Oct 7, 2022. Check the Steelman Telecom IPO allotment status.

The Steelman Telecom IPO listing date is not yet announced. The tentative date of Steelman Telecom IPO listing is Oct 10, 2022.
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