IPO

Narayani Steels Ltd IPO

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Public issue of 36,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Narayani Steels Limited (The Company or The Issuer) for cash at a price of Rs. 32 per equity share, including a share premium of Rs. 22 per equity share (The Issue Price), aggregating Rs. 11.52 crores (The Issue), of which 1,88,000 equity shares of face value Rs. 10/- each for cash at a price of Rs. 32 per equity share, aggregating Rs. 0.60 crores will be reserved for subscriptions by the market maker to the issue (The market maker reservation portion). The issue less market maker reservation portion i.e. issue of 34,12,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 32 per equity share, aggregating Rs. 10.92 crores is hereinafter refered to as the Net Issue. The issue amd the net issue will constitute 33.00% and 31.28% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 32 is 3.2 times of the face value of the equity shares.

Narayani Steels Ltd IPO Subscription Details

Company

Narayani Steels Ltd

Issue Type

Fixed Price - SME

Open Date

01 Sep

Close Date

06 Sep

Offer Price

32.00

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How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

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Contact Details of Narayani Steels Ltd IPO

Company Contact Information

Narayani Steels Ltd IPO
23A N S Road 7th Floor,
Room 31,
Kolkata, West Bengal 700001.

Phone: 91-33-46025371
Email: info@narayanisteels.com

Narayani Steels Ltd IPO Register

Bigshare Services Pvt Ltd

Narayani Steels Ltd IPO Lead Manager(s)

  • Pantomath Capital Advisors Pvt Ltd

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