Surani Steel Tubes Limited
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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.
Company Financials:
Particulars | For the year/period ended (in Rs. Lakhs) | ||||
31-Mar-2018 | 31-Mar-2017 | 31-Mar-2016 | 31-Mar2015 | 31-Mar-2014 | |
Total Assets | 3,528.36 | 2,836.35 | 2,298.30 | 1,594.83 | 1,541.34 |
Total Revenue | 10,079.72 | 7,670.08 | 6,845.89 | 5,814.16 | 3,599.92 |
Profit After Tax | 172.44 | 99.9 | 109.6 | 16.25 | -2.99 |