Monday, January 23, 2017

IPO Analysis : Steel City Securities Limited - Avoid


ISSUE DETAILS:

Issue opens / closes on
06-02 /09-02-2017
Promoters
G. SREE RAMA MURTHY, MR. K. SATYANARAYANA AND DR. SATISH KUMAR ARYA
Business
Stock broking

ISSUE SIZE
49,08,000 EQUITY SHARES
FACE VALUE
Rs 10
PRICE (Fixed)
Rs 55
LISTINGS
NSE Emerge
BRLMs
Keynote Corporate services
REGISTRAR
Bigshare share services

3 comments:

  1. Hii,

    The Company is also into E-Governance business as mentioned in the Prospectus. I propose to apply for the IPO since due to its presence in E-governance business which seems to have good potential due to various initiatives by the present government.

    Request you to please review in the light of the same and advise accordingly, since the minimum application size of an SME IPo is more than Rs. 1,00,000/-.

    Regards,

    ReplyDelete
  2. Sir, it would be very helpful if you could write up a post on how to apply for some IPOs.

    ReplyDelete
  3. Steel City is well established brand in Stock market and achieved new heights in e-governance services. They are in financial services for more than two decades and they have established more than 1600 centers in 30 States having presence in more than 500 cites in e-governance. They offer services like - Pan Card, E-TDS, TIN, DIN, and insurance distribution and aadhar services. They are growing very aggressively in e-governance services. Steel is also ISO Certified company and having satisfied more than 2 lakhs customer in financial services and served 7 lakhs + customer in e-governance services. Management having very high reputation and track record.

    ReplyDelete