Steelman Telecom IPO

Steelman Telecom IPO-All you need to know

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 nameSteelman Telecom Limited
Company Website

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 date26 September 2022
IPO Closing29 September 2022
Basis of Allotment04 October 2022
Initiation Refunds06 October 2022
Credit to Demat Account07 October 2022
Listing Date10 October 2022

Steelman Telecom IPO Details

Steelman Telecom IPO DateSep 26, 2022 to Sep 29, 2022
Steelman Telecom IPO Face Value₹10 per share
Steelman Telecom IPO Price₹96 per share
Lot Size1200 Shares
Issue Size2,710,800 shares of ₹10
(aggregating up to ₹26.02 Cr)
Fresh Issue1,897,200 shares of ₹10
(aggregating up to ₹18.21 Cr)
Offer for Sale813,600 shares of ₹10
(aggregating up to ₹7.81 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME

Steelman Telecom IPO Lot Size

Retail (Min)11200₹115,200
Retail (Max)11200₹115,200

Maagh Advertising IPO Reservation Details

NII (HNI) Shares Offered15%
Retail Shares Offered35%
QIB Shares Offered50%

Steelman Telecom Financial Performance

 FY 2020FY 2021FY 2022
Net income(21.53)137.64396.58
(Figures are in ₹Lakhs)

Steelman Telecom Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio18.36
RONW (%)(2.33)11.9825.74
Debt/Equity ratio1.491.070.97
ROCE (%)19.6620.7835.78

Company Promoters

  • Mr. Mayank Bindal 

Steelman Telecom IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding71.98%

Lead Manager(s)

  • Gretex Corporate Services Pvt Ltd

Steelman Telecom Offer Registrar

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

Steelman Telecom Contact Details

Rishi Tower, Premises No. 02-315,
Street No. 315, New Town,
Kolkata-700 156, West Bengal
Phone: +91 8443022233

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

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