Incorporated in 2012, Gujarat based Surani Steel Tubes Limited is a company engaged in the business of manufacturing of Electric Resistance Welding Mild Steel ("ERW MS") Pipes. The company's products are used in many industries like Architectural, Infrastructural, Industrial and Engineering etc. Surani majorly relies on its dealer network to sell its products. As on March 31, 2018, it has arrangements/understanding with more than 300 dealers spread across Gujarat. Selling of scraps also contributes to its revenue.
Surani Steel is ISO 9001: 2015 certified for manufacturing and Supply of ERW pipes. The company's manufacturing plant is located at Dahegam, Gandhinagar in Gujarat. The plant has installed capacity of 25,000 MT p.a. Surani is setting up a new manufacturing facility at Dahegam, Gandhinagar to increase its product range.
The company has 52 employees on its payroll across various functions.
The promoters of the company are Mukesh Patel, Dinesh Patel, Karshan Patel, Prakash Patel, Mani Patel, Prakash Karsanbhai Patel HUF and Karsanbhai Devjibhai Patel HUF. They hold, in aggregate 20,95,000 Equity Shares representing 36.12% of the pre-issue paid-up share capital of the Company.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||172.44||99.90||109.60||16.25||(2.99)|
The objects of the Issue are-
1. Funding the working capital requirements of the company
2. General Corporate Purposes
|Issue Open||Jan 25, 2019 - Jan 29, 2019|
|Issue Type||Book Built Issue IPO|
|Issue Size||2,484,000 Eq Shares of Rs 10 |
(aggregating up to Rs 12.92 Cr)
|Fresh Issue||2,484,000 Eq Shares of Rs 10 |
(aggregating up to Rs [.] Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 51 - Rs 52 Per Equity Share|
|Market Lot||2000 Shares|
|Min Order Quantity||2000 Shares|
|Listing At||NSE SME|
|Pre Issue Share Holding||20,95,000 Shares (36.12%)|
|Post Issue Share Holding|
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