Steel City Securities NSE Emerge IPO Subscribed by 4.88 times on FINAL DAY

Posted by: at 2/09/2017 06:52:00 am


​INDIA​, Tuesday, February 09​, 2017 ​Steel City Securities Ltd (‘Steel City’ / ‘Company’), one of the leading stock broking and e-governance service Company having pan India presence now plans to enter the capital market with initial public  offer  of 49,08,000 equity shares of face value Rs.10 each for cash aggregating up to Rs.26.99 crore. IPO comprises of Fresh Offer & Offer for Sale.

Steel City Securities NSE Emerge IPO Subscribed by 4.88 times on FINAL DAY

The Issue opens on Monday, February 06, 2017 and closes on Thursday, February 09, 2017 and the Price is fixed at Rs. 55/- per equity share.

Subscription details as of ​05:55pm (February 09, 2017):

The equity shares are proposed to be listed on the SME Platform of National Stock Exchange of India Limited (“NSE”).


Keynote Corporate Services Limited is the Lead Manager to the Issue and Bigshare Services Private Limited is the Registrar to the issue. Keynote Capitals Limited is acting as Market Making.


About Steel City Securities Ltd.

Steel City is an ISO 9001:2008 certified Company established for over 2 decades.  It is one of the leading, stock broking & E-Governance services provider Company with PAN India presence covering 500+ cities in 30 states of India.  It has a footprint of 1200+ locations including 72 branches with 1600+ terminal licenses being connected to central locations.  It has provided capital market services & serviced 2,00,000+ clients in equity, commodity, currency & depository segment.  It has more than 1,30,000 registered Demat accounts in NSDL & CDSL.

Company has forayed into ‘E-Governance’ business in September 2014 and is one of the few stock broking entities that have been permitted to carry out this activity.  In a short span of time ‘Steel City’ has successfully set up over 1500+ operational centers across India for E-Governance services.  The Company has already serviced 6,00,000+ customers under TIN-FC and AADHAAR together.  The E-Governance products serviced by the Company include PAN, TAN, E-TDS, AIR, Form 24G, PAN & TAN change request.  It is recognized as point of presence (POP) by Pension Fund Regulatory & Development Authority (PFRDA) and is also an approved entity for National Insurance Policy Depository (NIP).

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Disclaimer Steel City Securities Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a prospectus dated January 10, 2017 with the Registrar of Companies, Hyderabad. The Prospectus is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the Lead Manager at www.keynoteindia.net. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” on page 17 of the Prospectus.

Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Australia or Japan. This announcement is not an offer for sale of securities in the United States.  The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States


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