| Category | Min Lots | Shares | Amount |
|---|---|---|---|
| Retail (sNII) | 1 | 2,000 | ₹1,10,000 |
| HNI / NII | 2 | 4,000 | ₹2,20,000 |
| Category | Sub (×) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII / HNI (Total) | — | 23,31,000 (47.49%) | — | ₹1,282.05 Cr |
| Retail Investors | — | 23,31,000 (47.49%) | — | ₹1,282.05 Cr |
| Total ** | — | 49,08,000 (100.00%) | — | ₹26,994.00 Cr |
| Market Maker * | — | 2,46,000 (5.01%) | — | ₹13.53 Cr |
Incorporated in 1994, Steel City Securities Limited is a stock broking and e-governance service company. Steel City is based out of Visakhapatnam, AP.
Steel City offers wide range of financial products in 30 states if India. the offering includes 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.
Key offerings:
1. Steel City is the member of NSE, BSE, MCX, NCDEX & MSE for stock, derivatives, commodity and currency segment.
2. Steel City is a Depository Participant of NSDL & CDSL.
3. Steel City offers online E-Broking portal which provides online trading platform to the clients supported by investment advice and equity research.
4. Steel City through its Subsidiary viz; Steel City Commodities Private Limited, provides commodities trading to its clients through its trading platform on NCDEX & MCX.
5. Steel City Commodities Private Limited also provides distribution of life &non life insurance products of all the leading insurance Companies.
6. It holds approval from IRDA to conduct the said insurance business.
7. It is an authorized distributor of insurance policies of SBI Life, Religare Health and United India Insurance Company Limited.
8. Steel City through one of its Group Company viz; Steel City Financial Services Private Ltd systematically important non deposit accepting Non Banking Finance Company) provide NBFC services to its clients.
9. Company offers verity of E-Governance services
Facts about Steel City Securities as of FY 2015-16:
1. Company has 88,912 clients registered for stock trading.
2. Company has 4,260 clients for currency trading.
3. Company has 11,617 clients for commodity trading.
4. Total Demat accounts: 1,31,446.
5. Total brokerage earning: Rs 20.62 crores.