Salasar Techno Engineering Ltd IPO Message Board (Page 51)

Friends , now all banks shows ASBA option.Apply it.

Overall Subscription figures cross 72 % till now in which HNIs contribution is more than 80%.

Dear Share View

When is the Allotment date and Listing Date of Salasar

21 - Unblocking
24 - Allotment
25 - Listing

Is it good to apply one lot?

SBI NOT SHOW IN ASBA

SALASAR on SBI ASBA Nnow available

@Shareview,

how did you find its subscribed by 65% already?

By combining the subscription figures from NSE & BSE.

Salzar IPO is open in Canara Bank net Banking

i applied through bank of india but cut off price showing 125.00 per share.
Blocked Amount       78125
Bid Amout 1       125 (cut off)
Num of Units 1       625

Same here BOI showing 125 as cut off price. Dont know the reason

IPO UPDATE: SALASAR TECHNO ENGINEERING LTD.

About the company:

The company is a provider of customized steel fabrication and infrastructure solutions having very good clientele.

Financials:

Consolidated revenues grown 16% CAGR in last 5 years
EPS : Rs.20.83
Hence PE: 5.18

Object of the issue:

-      To meet the working capital requirement
-      General Corporate purpose
-      To meet the issue expense

Risk Factors:

-      Issue size is only Rs.35.8 crore which is <250 crore hence it will be listed in ‘T’ Group. Means you cannot buy and sell immediately after listing unless you take delivery.
-      Objects of the issue are NOT appraised by any bank or FI. Company’s management will have flexibility in applying the proceeds of the issue.
-      Company has not made any arrangements to meet the expenses of this issue.
-      Company has pending settlement of adjudication proceedings.
-      Negative cash flows couple of time previously

IPO details:

Open: 12-July-17
Close: 17-July-17
Issue price: Rs.108/-
Issue Size: Rs.35.8 Crores
Lot size : 125 Shares
Minimum Investment: Rs.13500/-
Subject to :Rs.5500/-

Verdict:
Looks cheap but risky. Better to square it off on Subject to rates. ''Heads, I Win, Tails, I don''t loose much'' Strategy

Apply Or Avoid ?

Not available on ICICIDIRECT and SBI yet..

Just applied via Axis Bank ASBA

Its 10 now but sbi asba still not showing salasar techno ipo

Hdfc asab not showing ipo in online what to do. How to apply this ipo.

Check again it showing

It is showing in HDFC

SBI usually activates its ipo service under e-service at 9 am on 1st day but today not showing this IPO.
Seems like registrar has not done job on their part.
Wait till 10.We''ll check other banks'' IPO page.

.....Salasar techno engineering. ....

Only 13300 near forms req for 1x in Rii

So if only 5L forms(expectating below that) comes then also 37X appwise.. ..

So rare chance of allotment.

Last YR EPS 20.83 so PE only 5.2 ...and that is the only reason for apply.

Can easily trade 8-10 PE
...@ 8 PE = 166 RS..

So listing gain/short term gain is sureshot if alloted.

It.s a pity that even moneycontrol.com has not even mentioned about this IPO opening

i just checked,Even registar mention in this IPO also not showing this IPO on their website -
http://www.bigshareonline.com

axis bank ASBA available

Cant find this IPO on Motilal,ICICI,KOTAK and Sharekhan.. why so ?

T GROUP – TRADE TO TRADE
The stocks that fall under the trade-to-trade settlement system of the exchange come under this category.
Each trade here is seen as a separate transaction and there’s no netting-out of trades as in the normal rolling system.
The trader needs to pay to take delivery for his/her buys and deliver shares for his/her sells, both on the second day following the trade day (T+2). For example, assume you bought 100 shares of‘T’ grade scrip and sold another 100 of it on the same day. Then, for the shares you have bought, you would have to pay the exchange in two days. As for the other bunch that you sold, you should deliver the shares by T+2 days, for the exchange to deliver it to the one who bought it.
Failure to produce delivery shares against the sale made would be considered as short sales. The exchange will, in that case, on the T+3rd day, debit an amount that is 20 per cent higher than the scrip’s closing price that day. This means unless the scrip’s price falls more than 20 per cent from the price of your sale transaction, you would have to pay a penalty for the short sale so made.
Even so, there will be no credit made to you in the case of substantial fall in the share price. The exchange will, instead, credit the gain to its investor fund.
Stocks are regularly moved in and out of trade-to-trade settlement depending on the speculative interest that governs them.

@Septa and EagleEye
Please suggest whether we should apply in it or not?