Steel City Securities Limited Ipo

Steel city securities limited ipo

Steel city securities limited ipo


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 securities limited ipo

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.

Acrylic and forex photo print example

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.

Nbest robot forex 2020

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.

Steel city securities limited ipo

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 Dates6 – 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 size4,908,000 shares (INR26.99 crore)
Minimum bid (lot size)2,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge (SME platform)


Steel City Securities’ financial performance (in INR crore)

Total revenue




Total expenses




Profit after tax




Subscription (no.

how to open pan card and aadhar card franchise HindiUrdu

of times)

Day 1


Day 2


Day 3


Day 4


Steel City Securities Limited
49-52-5/4, Sri Kanya Towers, Shantipuram,
Visakhapatnam 530 016

Phone: +91 891 254 9675
Email:[email protected]

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
[email protected]

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)