Steelman Telecom IPO Details & Guidance

Steelman Telecom IPO Listing information
Listed on 10 October 2022
Issue price Rs. 96
Listed at Rs. 161
High of Rs. 169.05
Closed at Rs. 169.05

Grey Market News for Steelman Telecom IPO #
On 10 October 2022, click

Steelman Telecom IPO Subscription Status
On 29 September 2022 @ 5.00 pm
QIB 50%  13,55,400 Shares: 7.78T
HNI 15%   4,06,620 Shares: 70.09T
RII   35%    948,780 Shares: 22.82T
Total     27,10,800 Shares:  22.40T

Steelman Telecom IPO Details
IPO Dates   26-09-2022 to 29-9-2022
Face Value  Rs 10 per share
IPO Price    Rs 96 per share
Lot             1200 Shares
Issue Size  27,10,800 shares of Rs 10
Issue           Rs 26.02 Cr)
# Fresh Issue 27,10,800 shares of Rs 10/Rs 26.02 Cr
# Offer for Sale – shares of Rs 10/ Rs – Cr
Issue Type Book Built IPO
Listing At BSE SME
Objects of the IPO
a) Investment in Subsidiary
b) Working Capital Requirements

Retail Offer: 35 % / 902,400 Shares
RII Min. Application: 1,200 Shares, Rs. 1,15,200
RII Max. Application: 1,200 Shares, Rs. 1,15,200
752 Applications required for onetime RII-subscriptions.

Steelman Telecom IPO Timetable 
IPO Opening Date: September 26, 2022
IPO Closing Date: September 29, 2022
Basis of Allotment: October 04, 2022
Initiation of Refunds: October 05, 2022
Credit of Shares to Demat A/cs: October 06, 2022
IPO Listing Date: October 07, 2022

Steelman Telecom Business:

For more information about the company, Click Website: www.steelmantelecom.com

Business Summary: Import of coal from different countries
Promoters of Steelman Telecom
Mr. Mayank Bindal

Registered office of Steelman Telecom
Rishi Tower, Premises No. 02-315, Street No. 315, New Town, Kolkata-700 156, West Bengal, India.
Company Secretary and Compliance Officer: Ms. Nidhi Goyal

Lead Manager of Steelman Telecom
Greatex Corporate Services ltd

SME IPO Financial & Analytical Ratios#
Total Income 2019-20             Rs 87.95 Cr
Total Income 2020-21             Rs 90.15 Cr
Total Income 2021-22             Rs 101.16 Cr
Net Profit 2019-20                  Rs (00.23) Cr
Net Profit 2020-21                  Rs 1.38 Cr
Net Profit 2021-22                  Rs 3.96 Cr
Earnings per Share 2019-20   Rs (0.30)
Earnings per Share 2020-21   Rs 1.82
Earnings per Share 2021-22   Rs 5.23
Return on Net Worth: 19-20: (2.33) %
Return on Net Worth: 20-21: 11.98 %
Return on Net Worth: 21-22: 25.74 % 
Book Value of the Share as on 31.03.22 Rs 30.90
NAV after the IPO Rs. 32.35
Offer Price Rs. 96

IPO Peer Comparison:
HFCL ltd @ PE Ratio of 28.05
Indus Towers @ PE Ratio of 9.63

Observation by Paresh Gordhandas (Research Analyst)

Will be updated soon

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