214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9804.70 Crs.  Total funds raised in 2,025.00

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

Surani Steel Tubes IPO (Surani Steel Tubes Limited IPO) Detail

Surani Steel Tubes Limited is an Steel - Tubes And Pipes based company, located in Gandhinagar, Surani Steel Tubes Limited IPO size was 12.92 Cr. and was issued at 52.00 per share. The share of Surani Steel Tubes Limited were listed at 53.25 per share and are currently trading at 91.90 per share.

Type :
Sub Sector :
SME IPO
NSE EMERGE

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

Revenue :
100.80 Cr.

PAT :
1.72 Cr.

Pricing Report

Issue Price :
52.00

Listing Price :
53.25

Current Market Price :
91.90

Issue Price vs CMP :
39.9 (76.73%)

listing Price vs CMP :
38.65 (72.58%)

Performance Report (CAGR* wise)

CAGR : 8.9
-ve 0 6 9 12+
Above Average

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

*Stock splits/Reverse Stock Split are adjusted in Issue price while calculating CAGR and current performance.

About Surani Steel Tubes

Company Information
Surani Steel Tubes Limited, a venture of Vinayak Group, is engaged in the manufacturing of Electric Resistance Welding Mild Steel (ERW MS) pipes, including round pipes, square, and rectangular hollow sections. These pipes come in various specifications and sizes, ranging from 20NB to 100NB. In addition, the company is involved in the trading of Hot Rolled Coil (HR Coil) and HR slit coils. The company's products find wide applications across industries such as Architectural, Infrastructural, Industrial, and Engineering.
The company relies heavily on its dealers to sell its products to end consumers. As of March 31, 2018, the company had entered into arrangements or understandings with over 300 dealers located across Gujarat for marketing and selling its products in the region. The company also generates revenue
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Object of Issue
  • Funding the working capital requirements of the company
  • General Corporate Purposes

Surani Steel Tubes SME IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Feb, 2019
IPO Size :
12.92 Cr.
IPO Subscription :
1.55 X     
PE Multiple :
34.00
Anchor Investors:
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FAQs

Surani Steel Tubes operates in Steel - Tubes And Pipes and . The Issue is listed on NSE EMERGE in Feb, 2019. Surani Steel Tubes IPO size was 12.92 Cr. with Issue price of 52.00 .

Surani Steel Tubes IPO subscription was 1.55 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.

Surani Steel Tubes IPO listed at a listing price of 53.25 against the offer price of 52.00.

The current market price of Surani Steel Tubes is 91.90.

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