SME MODERATE

Fortune Steel Industries Ltd

₹54–74 · Lot Size 2000 shares

GMP₹8.1 +11.0%

QIB Subscription1.21x

NII Subscription2.31x

Retail Subscription2.14x

Open Date2026-07-21

Close Date2026-07-24

Allotment Date2026-07-26

Listing Date2026-07-28

Fortune Steel Industries Ltd is a company operating in the steel & metals space, focused on specialty steel and alloy manufacturing. The issue comprises a mix of fresh issue and offer for sale, with proceeds earmarked for working capital, debt reduction, and general corporate purposes.

Price band: ₹54–₹74 per share · Lot size: 2000 shares.

Subscription so far — QIB: 1.21x, NII: 2.31x, Retail: 2.14x. Grey Market Premium is currently around ₹8.1 (+11.0% over the upper price band).

Demand has been steady but unspectacular across investor categories. This sits in a wait-and-watch zone — allotment odds are reasonable and downside risk on listing looks limited but so does the upside.

This review is for informational purposes only and is not investment advice. Please read the red herring prospectus and consult a financial advisor before applying.

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