September 25, 2022 Sunday, 11:34 Hrs
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Details of forthcoming IPOs such as Company name, Open / Close date, Offer Price along with Issue Size.
IPO Synopsis
Steelman Telecom Ltd
Registered Office: Rishi Tower Premises No 02-315,Street No 315 New Town, Kolkata - 700156, West Bengal, India.
Phone : 91-330-5785325   Fax:
Email :  
Website :
Public issue of 27,10,800 equity shares of face value of Rs. 10.00 each ("Equity Shares") of Steelman Telecom Limited (the "Company" or the "Issuer") for cash at a price of Rs. 96.00 per equity (the "Issue Price") aggregating to Rs. 26.02 crores ("The Issue") comprising of a fresh issue of 18,97,200 equity shares aggregating to Rs. 18.21 crores (the "Fresh Issue") and an offer for sale of 8,13,600 equity shares by the selling shareholders ("Offer for Sale") aggregating to Rs. 7.81 crores of which 135,000 equity shares aggregating to Rs. 1.30 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 25,75,200 equity shares aggregating to Rs. 24.72 crores (the "Net Issue"). The issue and the net issue will constitute 28.02% and 26.61% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10.00 and the issue price is 9.6 times of the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
26-Sep-22 29-Sep-22 96.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 1200   Further Multiples of : 1200
  (Rs) Lead Managers to the Issue
Project Cost 17.10 Gretex Corporate Services Ltd
Project Financed through Current Offer 26.02  
Post Issue Equity Share Capital 9.68  
Issue Price 96.00  
Investment In subsidiary working capital requirements
General corporate purposes
Promoted By
Mayank Bindal
Listing At
Registrar to the Issue
No Data Available
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