About the Company:
Surani Steel Tubes Ltd is engaged in the business of manufacturing and supplying best ERW (Electric Resistance Welding) pipes and Steel Tubes.
Company has a manufacturing plant at Dahegam, Gandhinagar, Gujarat spread across 8300 square meters of land having installed capacity of 25,000 MT Per Annum.
Company has over 300 dealers located across Gujarat to market and Sell the products in Gujarat. Company also generates revenue from Scraps.
Company is an ISO 9001:2015 certified Company for manufacturing and Supply of ERW Pipes
- Square & Rectangle Hollow Section.
- Round Pipes & Tubes.
- MS Slit Coils & Strips.
- Hot Roll Coils.
Surani Steel Tubes is a Venture of Vinayak Group:
The VINAYAK group is engaged in various business activities like Cold Storage, manufacturing of Ceramic, building construction materials, Dyes and intermediate in Gujarat.
The group is one of the largest manufacturers and suppliers of TMT & Structural steel in Gujarat.
Images of Company’s Products for better Understanding:
Geography wise Revenue Breakup in FY 18. (in Lakhs)
Installed Capacity & Capacity Utilization:
*Company is planning to start new manufacturing unit having an installed capacity of 43,000 MT p.a.
- Mr. Mukesh Patel (Designation: Joint Managing Director)
- Mr. Dinesh Patel (Designation: Joint Managing Director)
- Mr. Karshan Patel (Designation: Non Executive Director)
Financials of the Company:
|(in Crores)||FY 14||FY 15||FY 16||FY 17||FY 18||31st July 18|
Valuation of Peer Group Companies:
|Company Name||Face Value||EPS||PE Ratio||RoNW||NAV|
|Surani Steel Tubes Ltd||10||3.44||15.11||16.56%||17.95|
|Rama Steel Tubes Ltd||5||6.34||14.71||14.25%||44.26|
|Hi- Tech Pipes Ltd||10||12.88||14.29||13.82%||100.34|
|APL Apollo Tubes Ltd||5||46.76||25.38||12.44%||381.62|
|Issue Opens on||25th January 2019|
|Issue Closes on:.||29th January 2019|
|Issue Price||Rs. 51 – 52|
|Minimum Lot||2000 Shares|
|Issue Size||Rs.12.91 cr|
|Market Cap||Rs. 43.07 cr|
|Listing at||NSE SME|
|Equity Shares Offered||24,84,000|
|Equity Shares Prior to the Issue||58,00,000|
|Equity Shares after the Issue||82,84,000|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|Check IPO Allotment Status:|
Link InTime Website (Click on the below Link)
|IPO Registrar Info:|
|LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, L.BS. Marg, Vikhroli (West),
Mumbai 400083, Maharashtra, India
Tel: +91 22 49186200;
|Lead Manager to the Issue:|
|PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshava Premises, Behind Family Court,
Bandra Kurla Complex, Bandra (East),
Mumbai – 400051, Maharashtra, India
Tel: +91 22 6194 6700;