247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Narayani Steels Limited IPO (Narayani Steels IPO) Details

Narayani Steels Limited is an Steel based company, located in Kolkata, Narayani Steels Limited IPO size was 11.52 Cr. and was issued at 32.00 per share. The share of Narayani Steels Limited were listed at 33.40 per share and are currently trading at 11.27 per share.

Type :
Sub Sector : Trading And Manufacturing Of Hot Rolled Long Products Of Value Added Steel
SME IPO
BSE SME

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
504.07 Cr.

PAT :
1.39 Cr.

Pricing Report

Issue Price :
32.00

Listing Price :
33.40

Current Market Price :
11.27

Issue Price vs CMP :
20.73 (64.78%)

listing Price vs CMP :
22.13 (66.26%)

Performance Report (CAGR* wise)

CAGR : -11.74
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Narayani Steels

Company Information
Incorporated in 1995, Narayani Steels Limited is engaged in the trading and manufacturing of hot-rolled long products of value-added steel. The company primarily trades in blooms, billets, TMT bars, pellets, and also manufactures TMT bars and other long products such as rounds, flats, angles, channels, and more.
The company, promoted by Shri Sunil Choudhary, started its operations with the acquisition of a steel rolling plant in Vizianagaram. In 2012, it further expanded by acquiring a second plant. Narayani Steels strengthened its presence in the Vishakhapatnam steel industry by scaling up its operations over the years. This growth is reflected in the company's increase in business turnover, rising from over Rs. 200 crores in FY 2011 to over Rs. 500 crores in FY 2016.

Currently, the company operates
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Object of Issue
  • Working Capital Requirement
  • General Corporate Purposes
  • Issue expenses

Narayani Steels SME IPO Details (at the time of IPO)

IPO Type :
Fixed Price
IPO Date :
Sep, 2016
IPO Size :
11.52 Cr.
PE Multiple :
25.00
IPO Registrar:
Bigshare Services Private Limited
Anchor Investors:

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FAQs

Narayani Steels operates in Steel and Trading And Manufacturing Of Hot Rolled Long Products Of Value Added Steel. The Issue is listed on BSE SME in Sep, 2016. Narayani Steels IPO size was 11.52 Cr. with Issue price of 32.00 .

Narayani Steels IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Narayani Steels IPO listed at a listing price of 33.40 against the offer price of 32.00.

The current market price of Narayani Steels is 11.27.

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