Steel City Securities IPO


Steel City Securities IPO

Steel City Securities Logo

Steel City Securities Limited is a leading stock broking and e-governance service company with headquarters in Visakhapatnam, Andhra Pradesh. Established in 1994, Steel City Securities offers its financial products and services in 30 states in India. Its business portfolio covers Capital Market services, E-Governance services, Investment advisory in the form of distribution of Mutual Funds, Bonds, IPOs & Corporate Fixed Deposits, Currency Trading, Commodity Broking, Insurance Distribution & NBFC services.

Capital Market Services – Steel City Securities is a member of NSE, BSE, MCX, NCDEX & MSE for stock, derivatives, commodity and currency segment. Steel City has an online E-Broking portal which provides online trading platform to the clients supported by investment advice and equity research. Steel City is a Depository Participant of NSDL & CDSL since 2002.

Commodity Broking/Insurance Steel City through its subsidiary viz; Steel City Commodities Private Limited, provides commodities trading to its clients through its trading platform on NCDEX & MCX. Steel City Commodities Private Limited also provides distribution of life &non life insurance products of all the leading insurance Companies. It holds approval from IRDA to conduct the said insurance business. It is an authorized distributor of insurance policies of SBI Life, Religare Health and United India Insurance Company Limited.

NBFC – Steel City through one of its Group Company viz; Steel City Financial Services Private Ltd (a systematically important non deposit accepting Non Banking Finance Company) provides NBFC services to its clients.

E-Governance – Steel City has been appointed as a TIN-FC (Tax Information Network – Facilitation Centre) of NSDL E-Governance. Steel City has been empanelled as enrollment agency under Unique Identification Authority of India (UIDAI). E-Governance products served by ‘Steel City’ include PAN, TAN, E-TDS, AIR, Form 24G, AADHAR Card. Steel City has been recognized as Point of Presence (POP) by PFRDA (Pension Fund Regulatory & Development Authority, Government of India). With implementation of GST the service providers in e-governance business would stand to immensely benefit. All centres of Steel City can also service customers for GST.

Promoters of Steel City Securities – G. Sree Rama Murthy, K. Satyanarayana and Dr. Satish Kumar Arya

Steel City Securities IPO details

Subscription Dates 6 – 9 February 2017
IPO Price  INR55 per share
Fresh issue 2,726,183 shares (INR14.99 crore)
Offer for sale 2,181,817 shares (INR12 crore)
Total IPO size 4,908,000 shares (INR26.99 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge (SME platform)


Steel City Securities’ financial performance (in INR crore)

FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue


23.2 21.7 31.6


Total expenses


18.5 16.9 21.6


Profit after tax

2.3 3.1 3.3 6.6




Subscription (no. of times)

Day 1


Day 2


Day 3


Day 4


Steel City Securities Limited
49-52-5/4, Sri Kanya Towers, Shantipuram,
Visakhapatnam 530 016

Phone: +91 891 254 9675
Email: [email protected]

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
[email protected]

Steel City Securities IPO allotment status will be available on available on Bigshare Services Private Limited website. Click on this link to get allotment status.

IPO Opening Date: 6 February 2017

IPO Closing Date:  9 February 2017

Finalization of Basis of Allotment: 14 February 2017

Initiation of refunds:  14 February 2017

Credit of Equity Shares: 15 February 2017

Listing Date: 17 February 2017

Listing Price on NSE SME:  INR55 per share (no change from IPO price)

Closing Price on NSE SME:  INR50.1 per share (loss of 8.9% on IPO price)


  1. Good to see SME IPO details on this siyte now. IPOcentral has been very helpful with main IPOs. Now we need analysis of SME IPOs

    • Yes, sme ipos have returned good profits for investors but will need some guidance to find out what is good enough to subscribe.

  2. Steel city ipo subscribed 62% on first day, it looks good for subscription. What is grey market premium?? Actually i am confused if i should invest in it or wait for dmart ipo experts plz help!!!


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