Steel City Securities IPO
Steel City Securities Limited is a leading stock broking and e-governance service company with headquarters in Visakhapatnam, Andhra Pradesh.
Established in 1994, Steel City Securities offers its financial products and services in 30 states in India. Its business portfolio covers 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.
Capital Market Services – Steel City Securities is a member of NSE, BSE, MCX, NCDEX & MSE for stock, derivatives, commodity and currency segment.
Objects of the Issue:
Steel City has an online E-Broking portal which provides online trading platform to the clients supported by investment advice and equity research. Steel City is a Depository Participant of NSDL & CDSL since 2002.
Commodity Broking/Insurance– Steel City through its subsidiary viz; Steel City Commodities Private Limited, provides commodities trading to its clients through its trading platform on NCDEX & MCX.
Steel City Commodities Private Limited also provides distribution of life &non life insurance products of all the leading insurance Companies. It holds approval from IRDA to conduct the said insurance business. It is an authorized distributor of insurance policies of SBI Life, Religare Health and United India Insurance Company Limited.
NBFC – Steel City through one of its Group Company viz; Steel City Financial Services Private Ltd (a systematically important non deposit accepting Non Banking Finance Company) provides NBFC services to its clients.
E-Governance – Steel City has been appointed as a TIN-FC (Tax Information Network – Facilitation Centre) of NSDL E-Governance.
Steel City has been empanelled as enrollment agency under Unique Identification Authority of India (UIDAI). E-Governance products served by ‘Steel City’ include PAN, TAN, E-TDS, AIR, Form 24G, AADHAR Card.
Steel City has been recognized as Point of Presence (POP) by PFRDA (Pension Fund Regulatory & Development Authority, Government of India). With implementation of GST the service providers in e-governance business would stand to immensely benefit.
All centres of Steel City can also service customers for GST.
Promoters of Steel City Securities – G. Sree Rama Murthy, K.
Steel City Securities Ltd IPO IPO Details
Satyanarayana and Dr. Satish Kumar Arya
Steel City Securities IPO details
|Subscription Dates||6 – 9 February 2017|
|IPO Price||INR55 per share|
|Fresh issue||2,726,183 shares (INR14.99 crore)|
|Offer for sale||2,181,817 shares (INR12 crore)|
|Total IPO size||4,908,000 shares (INR26.99 crore)|
|Minimum bid (lot size)||2,000 shares|
|Face Value||INR10 per share|
|Listing On||NSE Emerge (SME platform)|
Steel City Securities’ financial performance (in INR crore)
Profit after tax
how to open pan card and aadhar card franchise HindiUrdu
Steel City Securities Limited
49-52-5/4, Sri Kanya Towers, Shantipuram,
Visakhapatnam 530 016
Phone: +91 891 254 9675
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Steel City Securities IPO allotment status will be available on available on Bigshare Services Private Limited website.
Click on this linkto get allotment status.
IPO Opening Date: 6 February 2017
IPO Closing Date: 9 February 2017
Finalization of Basis of Allotment: 14 February 2017
Initiation of refunds: 14 February 2017
Credit of Equity Shares: 15 February 2017
Listing Date: 17 February 2017
Listing Price on NSE SME: INR55 per share (no change from IPO price)
Closing Price on NSE SME: INR50.1 per share (loss of 8.9% on IPO price)