Incorporated in 2013, Steelman Telecom Limited offer support services and solutions to address the Network requirements of the Telecom industry. The company provide services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions and Managed Services for network maintenance.
The company is headquartered in Kolkata Our branch offices are located at Bhubaneshwar & Gurgaon.
Steelman Telecom Limited offers services such as Telecom Implementation Service, Radio Frequency Services, Engineering Procurement Construction Management, Managed Services, Operation and Maintenance services, Payroll & Resource Management and New Generation Technology.
Competitive Strengths:
- Experienced management and skilled team.
- Established relationships with existing customers.
- Comprehensive Telecom Support Services.
- Timely Delivery of Projects.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 3621.76 | 8794.62 | -22.91 | 985.21 | 486.61 |
| 31-Mar-21 | 3698.44 | 9015.5 | 137.64 | 1149.14 | 650.54 |
| 31-Mar-22 | 4525.76 | 10116.31 | 396.58 | 1540.72 | 1042.12 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
a) Investment in Subsidiary.
b) Working Capital Requirements.
c) General Corporate Purposes.
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 |
| Steelman Telecom IPO 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 |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| Company Promoters | Mr. Mayank Bindal is the company promoter. |
Steelman Telecom IPO Timeline
Steelman Telecom IPO opens on Sep 26, 2022, and closes on Sep 29, 2022. The Steelman Telecom IPO bid date is from Sep 26, 2022 10.00 A.M. to Sep 29, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Steelman Telecom IPO Opening Date | Sep 26, 2022 |
| Steelman Telecom IPO Closing Date | Sep 29, 2022 |
| Basis of Allotment | Oct 4, 2022 |
| Initiation of Refunds | Oct 6, 2022 |
| Credit of Shares to Demat | Oct 7, 2022 |
| Steelman Telecom IPO Listing Date | Oct 10, 2022 |
Steelman Telecom IPO Lot Size
The Steelman Telecom IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹115,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
Steelman Telecom IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 71.98% |
Steelman Telecom IPO Review
STL is operating in a highly competitive segment. Based on FY22 earnings, the issue is aggressively priced. There is no harm in skipping this pricy issue. Read detail review…
Steelman Telecom IPO Prospectus
Company Contact Information
Steelman Telecom Limited
Rishi Tower, Premises No. 02-315,
Street No. 315, New Town,
Kolkata- 700156
Phone: 8443022233
Email: info@steelmantelecom.in
Website: http://www.steelmantelecom.com/
Steelman Telecom IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: http://www.bigshareonline.com