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Poojawestern Metaliks IPO is a fixed price issue of Rs 5.48 crores. The issue is entirely a fresh issue of 15.21 lakh shares.
Poojawestern Metaliks IPO bidding started from September 22, 2017 and ended on September 26, 2017. The shares got listed on BSE SME on October 5, 2017.
Poojawestern Metaliks IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Poojawestern Metaliks IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Poojawestern Metaliks IPO RHP for detailed information.
| IPO Date | September 22, 2017 to September 26, 2017 |
| Listing Date | October 5, 2017 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,521,000 shares (aggregating up to ₹5.48 Cr) |
| Fresh Issue | 1,521,000 shares (aggregating up to ₹5.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,550,000 |
| Share holding post issue | 5,071,000 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| Lot Size Calculator | |||
Incorporated in 2016, Poojawestern Metaliks Ltd is engaged in manufacturing of Brass and Brass Equipments to cater to the international markets. Company's product range includes brass billets, ingots, brass bars, brass and chrome plumbing fittings, brass inserts and adapters for CPVC and PPR pipes etc are sold under the brand name of "P-". They are a well known brand in Arab and Gulf market for brass products.
They mainly export brass products to Arab and Gulf countries. They use brass scrap as raw material which is imported from United Kingdom, United States of America and Gulf Countries for conversion of scrap into finished goods.
The object of the issue are:
1. Working capital requirements
2. General corporate purpose
[Dilip Davda] Considering poor working track record and high pricing of the issue, there is no harm in giving it a miss. Read detail review...
The Poojawestern Metaliks IPO is subscribed times on September 26, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | October 5, 2017 |
| BSE Script Code | 540727 |
| NSE Symbol | |
| ISIN | INE973X01012 |
| Final Issue Price | ₹36 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹36.00 |
| ₹53.40 |
| ₹53.40 |
| ₹53.40 |
| ₹53.40 |
Poojawestern Metaliks Ltd
Plot No.1 Phase II,
GIDC Dared,
Jamnagar - 361004
Phone: +91-288-2730088
Email: info@poojametal.com
Website: http://www.poojametal.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Poojawestern Metaliks IPO is a SME IPO of 1,521,000 equity shares of the face value of ₹10 aggregating up to ₹5.48 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 22, 2017, and closes on September 26, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Poojawestern Metaliks IPO opens on September 22, 2017 and closes on September 26, 2017.
Poojawestern Metaliks IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
You can apply in Poojawestern Metaliks 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 Poojawestern Metaliks IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Poojawestern Metaliks IPO allotment status.
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