Free Account Opening + AMC Free Demat
Loading...

Crown Lifters Limited IPO (Crown Lifters IPO) Detail

September 9, 2016 - September 19, 2016

Crown Lifters IPO is a fixed price issue of Rs 6.68 crores.

Crown Lifters IPO bidding started from September 9, 2016 and ended on September 19, 2016. The shares got listed on NSE SME on September 27, 2016.

Crown Lifters IPO price is ₹121 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹121,000.

Sarthi Capital Advisors Private Limited is the book running lead manager of the Crown Lifters IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Crown Lifters IPO RHP for detailed information.

Crown Lifters IPO Details

IPO Date September 9, 2016 to September 19, 2016
Listing Date September 27, 2016
Face Value ₹10 per share
Price ₹121 per share
Lot Size 1000 Shares
Total Issue Size552,000 shares
(aggregating up to ₹6.68 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue1,530,000
Share holding post issue2,082,000

Crown Lifters IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹121,000
Retail (Max) 1 1000 ₹121,000
Lot Size Calculator

About Crown Lifters Limited

Incorporated in 2002, Crown Lifters Ltd. (CLL) is one of the professional construction equipment hire Company. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal. Company has a fleet of cranes, which includes crawler cranes with lattice boom, all terrain cranes with telescopic boom, rough terrain, pilling rigs, man lifts, etc.

CLL has contracts with customers in duration of ranges from 3 to 12 months. The company serves refinery, power, cement, transportation, ports, and infrastructure companies. Visit chittorgarh.com for more detail. Over the last three decades it has successfully worked with some of the leaders in the engineering and construction industry like Reliance Industries Limited, Larsen & Turbo Limited, BHEL, Ultratech Cement Limited, Tata Projects Limited etc.

Objects of the Issue (Crown Lifters IPO Objectives)

The object of the issue are to:

1. For purchase of KOBELCO Hydraulic Crawler Crane (Model-CKL2600i)
2. Issue Expenses

Crown Lifters IPO Review (Apply)

[Dilip Davda]  As infra sector is set for mega spending, companies like this will ripe benefits. Investors may invest for medium to long term rewards in this IPO. Read detail review...

Crown Lifters IPO Prospectus

Crown Lifters IPO Rating

28
3.5
Rating:Rated 3.5 stars
Vote Here ...

Crown Lifters IPO Listing Details

Listing Date September 27, 2016
BSE Script Code
NSE Symbol CROWN
ISIN INE491V01019
Final Issue Price ₹121 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹121.00
₹122.80
₹107.00
₹122.80
₹109.00

Check IPO Performance…

Crown Lifters Limited Contact Details

Crown Lifters Limited
104, Raheja Plaza,
Veera Desai Road,
Andheri (W), Mumbai - 400053
Phone: +91 22 26742122/ 2829
Email: admin@crownlifters.com
Website: http://www.crownlifters.com

Crown Lifters IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Crown Lifters IPO - Buy or Not

Crown Lifters IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

Crown Lifters IPO FAQs

Crown Lifters IPO is a SME IPO of 552,000 equity shares of the face value of ₹10 aggregating up to ₹6.68 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000 Shares.

The IPO opens on September 9, 2016, and closes on September 19, 2016.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Crown Lifters IPO opens on September 9, 2016 and closes on September 19, 2016.

Crown Lifters IPO lot size is 1000 Shares, and the minimum amount required is ₹121,000.

You can apply in Crown Lifters IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Crown Lifters IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Crown Lifters IPO allotment status.

The Crown Lifters IPO listing date is on September 27, 2016.
Open an Instant Account with Zerodha

Crown Lifters IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

Loading...

71 Comments

40. DADA |   Link |  Bookmark |October 18, 2016 11:59:24 PM
Are HIN, NII, QIB''s eligible for INTRADAY trading on listing day of IPO ??
39. BADAYA |   Link |  Bookmark |September 29, 2016 4:09:24 PM
**** company.......close all your dealings with it
38. meet |   Link |  Bookmark |September 28, 2016 10:11:11 AM
Wait for 1 to 3 week let him settled...
After weak hand selling it starts to move upside till 150-170

Don''t sell in panic wait and hold
37. SONMAYA |   Link |  Bookmark |September 27, 2016 6:47:15 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Dear STOCKT....KDLY GO TO MSG NO.30.......IN CROWN LIFTER....
In which u hv stated........
IT WILL HIT UC..TOMMO.
U HV ALSO STATED THAT IT WILL REACH 300
IN SOME TIME.
U HV ATIMESTATED THAT BUY BUY BUY
IF V GET CHANCE.....
37.1. STOCKT |   Link |  Bookmark |September 27, 2016 10:20:37 PM
wait for some time. have patience.

i will show you it go higher in coming time. its a excellent company for long term.
just panicking reaction when people try to sell on listing day. it will stabilize and then move higher.
36. KAJLA |   Link |  Bookmark |September 27, 2016 4:14:34 PM
WHAT IS STOCKT JI YOUR TARGET OF 300 NOW IT IS TRADING AT 107
36.1. STOCKT |   Link |  Bookmark |September 27, 2016 4:30:57 PM
DO U EXPECT IT TO GO TO 300 ON DAY 1.

GIVE IT SOME TIME. EVEN SHEMAROO ENT AND OTHER SUPERB STOCKS HAVE LISTED AT DISCOUNT AND ARE NOW TRIPLE THE ISSUE PRICE.

THE ONLY THING THAT IS DISAPPOINTING AND BAD IS WHEN U CAN EASILY GET SME AT BELOW ISSUE PRICE ON LISTING DAY THEN NO USE TO APPLY RATHER TAKE A CALL POST LISTING IF NEEDED.

ANYWAY HOLD FOR LONG TERM GAIN. THIS WILL REWARD.ONLY PANICK REACTION ON DAY 1.
35. SONMAYA |   Link |  Bookmark |September 27, 2016 4:09:53 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Dear STOCKT.....WHERE R U ...wt to do in Crown lifter......Now........
34. STOCKT |   Link |  Bookmark |September 27, 2016 11:36:57 AM
Good recovery. Stock to enter positive zone. Big clients low pe. Dilip davda recomended price justified .a long term bet .will double in less than a year
34.1. Dinesh Analyst |   Link |  Bookmark |September 27, 2016 12:43:42 PM
to aap bhi sell ker do upper circuit per ok
34.2. STOCKT |   Link |  Bookmark |September 27, 2016 3:55:40 PM
hahah

HUSYS HAS HIT 2 UPPER CIRCUITS NOW. U GOT SUPERB RETURNS
33. Dinesh Analyst |   Link |  Bookmark |September 27, 2016 10:29:47 AM
As I say that crown lifter list @ 110 so pls check this link

https://www.nseindia.com/emerge/live_market/dynaContent/live_watch/get_quote_SME/GetSMEQuote.jsp?symbol=CROWN&series=SM
32. Hexadecimal |   Link |  Bookmark |September 27, 2016 10:02:04 AM
It seems someone has not got alloted any shares, that''s why he wants to depress price so that operators can accumulate at lower level.
As objective of this issue is mainly capex i.e. buying of Crane which will benefit the company in next 3 months onwards
31. Dinesh Analyst |   Link |  Bookmark |September 27, 2016 7:48:22 AM
Crown lifter is very common business model and a lot of companies are available in this field and the margin are very low so market never like this type of business so pls sell on listing day never think about sell becoz it is available @70 so sell all you holding on listing day
30. STOCKT |   Link |  Bookmark |September 27, 2016 1:18:43 AM
On performance front, for last three fiscals, the company has posted turnover / net profit of Rs. 14.40 cr. / (Rs. - 0.11 cr.) (FY14), Rs. 16.15 cr. / Rs. 1.20 cr. (FY15) and Rs. 21.76 cr. / Rs. 2.49 cr. (FY16). Thus if we attribute latest earnings on post issue equity then asking price is at a P/E of 10 plus and at a P/BV of below 1. Thus it looks priced justifiably.


Conclusion: As infra sector is set for mega spending, companies like this will ripe benefits.


profit of 2.5 crore . P/B is less than 1 . growth prospects are great. todat irb won order worth 1200 crore. big positive as road development projects are getting huge orders. business will do great.

wil hit upper circuit tomorrow.

buy buy buy buy buy if get a chance. dont give up 300 rs stock so easily.
my boroker has told many hni want to lap up these shares .

keep holding and this stock will keep rewarding. this is another hitech pipe like issue which has now almost tripled from issue price
30.1. SONMAYA |   Link |  Bookmark |September 27, 2016 10:30:51 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
dear stockt where r u B on board fr CROWN....TO B WORN..............WAITING
29. Dinesh Analyst |   Link |  Bookmark |September 26, 2016 11:05:18 PM
Dear allotte pls sell this share in the very first 10 minute after listing otherwise you have take a big loss so be ready to sell their application in this script and save your money
28. Dinesh Analyst |   Link |  Bookmark |September 26, 2016 11:01:26 PM
Sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale 121 wala 70 me 121 wala 70 M 121 wala 70 M 121 Wala 70 M 121wala 70 M 121 wala 70 M 121 wala 70 M
27. Dinesh Analyst |   Link |  Bookmark |September 26, 2016 10:56:17 PM
Crown lifter will be list @ discount so save your money and exit and enter in this script in between 70 to 75.
26. atul |   Link |  Bookmark |September 26, 2016 9:50:55 PM (300+ Posts)
Crown will bear selling pressure.so do not buy in hurry in morning buy after it reach 110 value
25. STOCKT |   Link |  Bookmark |September 26, 2016 9:25:47 PM
crown lifters to hit upper circuit tomorrow. keep adding this stock for long term benefits.

husys is not for long term investment and will correct in future

sell husys and buy crown lifters on listing
24. Hexadecimal |   Link |  Bookmark |September 26, 2016 4:32:17 PM
Out of Husys and Crown Lifters, slated to be listed tomorrow, Crown Lifters is financially and fundamentally stronger. Hence, one may expect better listing premium on Crown Lifters.
If market supports tomorrow, it may touch upper circuit i.e. 145.20.
Otherwise listing is assured above 132.
23. meet |   Link |  Bookmark |September 26, 2016 3:21:24 PM
On which date crown lifters listing?
23.1. vijay sahajwani |   Link |  Bookmark |September 26, 2016 8:10:36 PM
Both crown & husys will list tomorrow 27/9/ on upper circuit
22. STOCKT |   Link |  Bookmark |September 25, 2016 8:33:17 PM
sales increasing profits increasing.

sanghvi movers is having face value of 2 rs and P/E OF 17.14

Crown lifters having face value of 10 is at P/E of 7.44

this would suggest that it should atleast double the issue price which comes at value of 250

Even then it will be ruling only at P/E of 15 at price of 250 also which is too cheap.

another HI Tech pipe kind of issue for long term investors. hold on to this stock to reap benefits.
21. Dinesh Analyst |   Link |  Bookmark |September 25, 2016 5:58:52 PM
Crown Lifter List @ Issue Price and in the second half it will go down to issue price and trading in between 100-110 such type of business are not longturm. so pls sell after listing and protect your money