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Steelman Telecom IPO GMP, Review, Price, Allotment

Steelman Telecom IPO description – The company provides services for Network Survey and Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions and Managed Services for network maintenance. Its strong technical background enables it to provide end-to-end services thereby covering the entire network & technology service solutions.

The company offers support services and solutions to address the Network requirements of Telecom industry. In Telecom Implementation Services, it specializes in installation of Microwave Antenna, GSM (Global System for Mobile) Communications Antennas along with BTS (Base Transceiver Station) / & other network related equipment at cell sites to provide the best coverage to the user.

The company also offers Radio Frequency Services (RF) which simulates multiple radio frequencies across the spectrum to ensure devices with integrated wireless technologies function seamlessly. Over the years, it has successfully implemented various projects and has been recognized by its clients for quality and timely execution of the projects undertaken. This expertise and capability have helped it to achieve continuous growth and success.

Promoters of Steelman Telecom – Mr. Mayank Bindal


Subscription Dates 26 – 29 September 2022
Price Band INR96 per share
Fresh issue 18,97,200 shares (INR 18.21 crore)
Offer For Sale 8,13,600 shares (INR 7.81 crore)
Total IPO size 27,10,800 shares (INR 26.02 crore)
Minimum bid (lot size) 1,200 shares
Face Value  INR 10 per share
Retail Allocation 35%
Listing On BSE SME

  FY 2020 FY 2021 FY 2022
Revenue 8,669.56 8,872.39 10,047.13
Expenses 8,651.47 8,842.23 9,576.86
Net income (21.53) 137.64 396.58
Figures in INR Lakh unless specified otherwise


FY 2020 FY 2021 FY 2022
EPS (0.30) 1.82 5.23
PE ratio 18.36
RONW (%) (2.33) 11.98 25.74
NAV 30.90
Debt/Equity ratio 1.49 1.07 0.97
ROCE (%) 19.66 20.78 35.78


Category Non-retail Retail Total
Shares Offered
Day 1
Day 2
Day 3
Day 4
Subscription figures in number of times, at 5 PM

GRETEX CORPORATE SERVICES LIMITED
Office No. 13, 1st Floor, New Bansilal Building, Raja
Bahadur Mansion, 9-15, Homi Modi Street, Fort,
Mumbai– 400001, Maharashtra, India
Phone: +91 – 22 – 4002 5273 / +91 96532 49863
Email[email protected]
Website: www.gretexcorporate.com


BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: 22 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com


STEELMAN TELECOM LIMITED
Rishi Tower, Premises No. 02-315,
Street No. 315, New Town,
Kolkata-700 156, West Bengal
Phone: +91 8443022233
E-mail: [email protected]
Website: www.steelmantelecom.com


Steelman Telecom IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.


IPO Opening Date 26 September 2022
IPO Closing Date 29 September 2022
Finalisation of Basis of Allotment 4 October 2022
Initiation of refunds 6 October 2022
Transfer of shares to demat accounts 7 October 2022
Listing Date 10 October 2022
Opening Price on BSE SME Coming soon
Closing Price on BSE SME Coming soon

What is Steelman Telecom offer size?

Steelman Telecom offer size is INR 26.02 crore.

What is Steelman Telecom IPO Price Band?

Steelman Telecom public offer price is INR 96 per share.

What is the lot size of Steelman Telecom IPO?

Steelman Telecom offer lot size is 1,200 shares.

What is Steelman Telecom IPO GMP today?

Steelman Telecom IPO GMP today is NA per share.

What is Steelman Telecom kostak rate today?

Steelman Telecom kostak rate today is NA per application.

What is Steelman Telecom Subject to Sauda rate today?

Steelman Telecom Subject to Sauda rate today is INR70,000 per application.

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