Steelman Telecom IPO will open for subscription from 26 September 2022. the company aims for an issue size of ₹26.02 Cr through this IPO.
Steelman Telecom Limited
The company provides services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions and Managed Services for network maintenance. Its strong technical background enables it to provide end-to-end services thereby covering the entire network & technology service solutions.
The company offers support services and solutions to address the Network requirements of Telecom industry. In Telecom Implementation Services, it specializes in installation of Microwave Antenna, GSM (Global System for Mobile) Communications Antennas along with BTS (Base Transceiver Station) / & other network related equipment at cell sites to provide the best coverage to the user.
The company also offers Radio Frequency Services (RF) which simulates multiple radio frequencies across the spectrum to ensure devices with integrated wireless technologies function seamlessly. Over the years, it has successfully implemented various projects and has been recognized by its clients for quality and timely execution of the projects undertaken. This expertise and capability have helped it to achieve continuous growth and success.
Basic details about the company
| Full name | Steelman Telecom Limited |
| Sector | Telecom |
| Industry | Engineering-Telecom |
| Company Website | http://steelmantelecom.com/ |
Major Competitive Strengths
- Strong customer base.
- Highly Experienced management and team.
- Comprehensive Telecom Support Services.
Objects of the Issue
- For Investmenting in Subsidiaries.
- For Working Capital Requirements.
- General Corporate Purposes.
Dates to remember
| IPO Opening date | 26 September 2022 |
| IPO Closing | 29 September 2022 |
| Basis of Allotment | 04 October 2022 |
| Initiation Refunds | 06 October 2022 |
| Credit to Demat Account | 07 October 2022 |
| Listing Date | 10 October 2022 |
Steelman Telecom IPO Details
| Steelman Telecom IPO Date | Sep 26, 2022 to Sep 29, 2022 |
| Steelman Telecom IPO Face Value | ₹10 per share |
| Steelman Telecom IPO Price | ₹96 per share |
| Lot Size | 1200 Shares |
| Issue Size | 2,710,800 shares of ₹10 (aggregating up to ₹26.02 Cr) |
| Fresh Issue | 1,897,200 shares of ₹10 (aggregating up to ₹18.21 Cr) |
| Offer for Sale | 813,600 shares of ₹10 (aggregating up to ₹7.81 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Steelman Telecom IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
Maagh Advertising IPO Reservation Details
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
| QIB Shares Offered | 50% |
Steelman Telecom Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 8,669.56 | 8,872.39 | 10,047.13 |
| Expenses | 8,651.47 | 8,842.23 | 9,576.86 |
| Net income | (21.53) | 137.64 | 396.58 |
Steelman Telecom Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (0.30) | 1.82 | 5.23 |
| PE ratio | – | – | 18.36 |
| RONW (%) | (2.33) | 11.98 | 25.74 |
| NAV | – | – | 30.90 |
| Debt/Equity ratio | 1.49 | 1.07 | 0.97 |
| ROCE (%) | 19.66 | 20.78 | 35.78 |
Company Promoters
- Mr. Mayank Bindal
Steelman Telecom IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 71.98% |
Lead Manager(s)
- Gretex Corporate Services Pvt Ltd
Steelman Telecom Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: 22 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Steelman Telecom Contact Details
STEELMAN TELECOM LIMITED
Rishi Tower, Premises No. 02-315,
Street No. 315, New Town,
Kolkata-700 156, West Bengal
Phone: +91 8443022233
E-mail: info@steelmantelecom.in
Website: www.steelmantelecom.com
Steelman Telecom IPO Allotment Status
Steelman Telecom IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Steelman Telecom IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
