Surani Steel Tubes Limited
Credit of Shares to Demat
Cut off time for UPI Mandate Confirmation
Minimum Order Quantity
Surani Steel Tubes Limited is an ISO 9001:2015 certified company for manufacturing and supply of ERW pipes in various sizes ranging from 20NB to 100NB besides this it also deals in Hot Rolled Coil and HR slit coils. It has also received IS 4923:1997 and IS 1161:2014 Quality Standard License from Bureau of Indian Standards. Its manufacturing facility is spread across 8,300 square meters of land with an installed capacity of 25,000 MT p.a. in Dahegam, Gandhinagar in Gujarat. The Company has processed 23,792 MT of ERW MS Pipes for FY 2017-18. It has over 300 dealers across Gujarat.
Date of Incorporation: The Company was incorporated as ‘Surani Steel Private Limited’ on 31st July 2012 in Gandhinagar, Gujarat. Subsequently, it was reformed to ‘Surani Steel Tubes Limited’ a public limited company on 12th September 2018.
Promoters of Surani Steel Tubes Limited: Mukesh Patel, Dinesh Patel, Karshan Patel, Prakash Patel, Mani Patel, Karsanbhai Devjibhai Patel HUF & Prakash Karsanbhai Patel HUF are the promoters of Surani Steel Tubes Limited.
Products and Services Offering: The products portfolio of Company includes:
- ERW MS Pipes (round pipes, square and rectangular hollow Sections).
- HR Slit Coil.
- HR Coil.
Customer Segments: Surani Steel Tubes Limited has diversified customer segments that are spread across Architectural, Infrastructural, Industrial and Engineering Sectors across domestic markets.
The Top 5 Customers for FY 2017-18 includes Amit Pipe & Tube, Calcutta Hardware Mart, Kisan Enterprise, Kisan Pipe and Steel and Shivshakti Marketing among other clients.
Objects of Surani Steel Tubes Limited IPO: The main Objectives of this issue are:
- Financing Working Capital Requirements of the Company.
- General Corporate Expenses Requirements.
For the year/period ended (in Rs. Lakhs)
Profit After Tax
Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)