Narayani Steels Ltd IPO

Closed

Subscription Details

  • Open Date 01 Sep
  • Close Date 06 Sep
  • Lot Size 4000
  • IPO Size ₹ 11.52 Cr
  • IPO Price Range ₹ 32
  • Min Investment ₹ 128000

Narayani Steels Ltd IPO Timeline

Open Date
01 Sep
Close Date
06 Sep
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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.

How to apply for an IPO?

  • Login to your 5paisa account 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 mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Narayani Steels Ltd IPO

Contact Information

Address

23A N S Road 7th Floor,
Room 31,
Kolkata, West Bengal 700001

Narayani Steels Ltd IPO Lead Manager

Pantomath Capital Advisors Pvt Ltd
Open Demat Account