Steelman Telecom IPO subscription status started on Monday, September 26, 2022 and will close on September 29, 2022. Steelman Telecom IPO to raise around ₹26.02 crores via IPO. The retail quota is 50%, and HNI is 50%. The price band is fixed at ₹96 per equity share. The IPO to list on BSE.
Steelman Telecom Limited offers support services and solutions to address the Network requirements of the Telecom industry. They provide services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions, and Managed Services for network maintenance.
IPOWatch View:
We recommend investors may apply an IPO with caution (Avoid / Risky) Investors should also look at the Retail and HNI numbers before investing. You can check the Steelman Telecom IPO allotment status here.
Steelman Telecom IPO Subscription Status
Last Updated on Day 4 at 5:00
| Category | Day 2 | Day 3 | Day 4 |
| QIB | 0.75 | 2.75 | 7.78 |
| NII | 0.26 | 1.59 | 70.09 |
| RII | 2.33 | 5.77 | 22.82 |
| Total | 1.23 | 3.64 | 22.40 |
Steelman Telecom IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Steelman Telecom IPO Review
- Avoid
Steelman Telecom IPO Date & Price Band
| Steelman Telecom IPO Open: | September 26, 2022 |
| Steelman Telecom IPO Close: | September 29, 2022 |
| Steelman Telecom IPO Size: | Approx ₹26.02 Crores, 2,710,800 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| Steelman Telecom IPO Price Band: | ₹96 Per Equity Share |
| Steelman Telecom IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Steelman Telecom IPO Market Lot
| Minimum IPO Lot Size: | Minimum 1200 shares for 1 lot |
| Minimum Amount: | ₹115,200 for 1 lot |
Steelman Telecom IPO Subscription Dates
| Steelman Telecom IPO Open Date: | September 26, 2022 |
| Steelman Telecom IPO Close Date: | September 29, 2022 |
| Basis of Allotment: | October 7, 2022 |
| Refunds: | October 10, 2022 |
| Credit to Demat Account: | October 10, 2022 |
| Steelman Telecom IPO Listing Date: | October 10, 2022 |
Steelman Telecom IPO Form
How to apply Steelman Telecom IPO? You can apply Steelman Telecom IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Steelman Telecom IPO in the Invest section. The other option you can apply Steelman Telecom IPO via IPO forms download via the BSE website. Check out the Steelman Telecom forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
