Steelman Telecom Ltd - IPO

Steelman Telecom Ltd IPO Details

Public issue of 27,10,800 equity shares of face value of Rs. 10.00 each (Equity Shares) of Steelman Telecom Limited (the Company or the Issuer) for cash at a price of Rs. 96.00 per equity (the Issue Price) aggregating to Rs. 26.02 crores (The Issue) comprising of a fresh issue of 18,97,200 equity shares aggregating to Rs. 18.21 crores (the Fresh Issue) and an offer for sale of 8,13,600 equity shares by the selling shareholders (Offer for Sale) aggregating to Rs. 7.81 crores of which 135,000 equity shares aggregating to Rs. 1.30 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 25,75,200 equity shares aggregating to Rs. 24.72 crores (the Net Issue). The issue and the net issue will constitute 28.02% and 26.61% respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10.00 and the issue price is 9.6 times of the face value of the equity shares.

Objective of issue

Investment In subsidiary. working capital requirements. General corporate purposes.

Steelman Telecom Ltd Contact Details

Steelman Telecom Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@steelmantelecom.in

Website - www.steelmantelecom.com