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Saketh Exim IPO is a fixed price issue of Rs 9.44 crores.
Saketh Exim IPO bidding started from August 1, 2018 and ended on August 3, 2018. The allotment for Saketh Exim IPO was finalized on Wednesday, August 8, 2018. The shares got listed on NSE SME on August 13, 2018.
Saketh Exim IPO price is ₹69 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹138,000.
Aryaman Financial Services Limited is the book running lead manager of the Saketh Exim IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Saketh Exim IPO RHP for detailed information.
| IPO Date | August 1, 2018 to August 3, 2018 |
| Listing Date | August 13, 2018 |
| Face Value | ₹10 per share |
| Price | ₹69 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,368,000 shares (aggregating up to ₹9.44 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,900,000 |
| Share holding post issue | 5,023,000 |
| Market Maker portion | 72,000 shares |
Saketh Exim IPO offers 1,368,000 shares. 648,000 (47.37%) to NII, 648,000 (47.37%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 72,000 (5.26%) |
| Other Shares Offered | 648,000 (47.37%) |
| Retail Shares Offered | 648,000 (47.37%) |
| Total Shares Offered | 1,368,000 (100%) |
Saketh Exim IPO opens on August 1, 2018, and closes on August 3, 2018.
| IPO Open Date | Wednesday, August 1, 2018 |
| IPO Close Date | Friday, August 3, 2018 |
| Basis of Allotment | Wednesday, August 8, 2018 |
| Initiation of Refunds | Thursday, August 9, 2018 |
| Credit of Shares to Demat | Friday, August 10, 2018 |
| Listing Date | Monday, August 13, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 3, 2018 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹138,000 |
| Retail (Max) | 1 | 2000 | ₹138,000 |
| Lot Size Calculator | |||
Incorporated in 2010, Mumbai based Saketh Exim Limited is a company engaged in the business of manufacturing and fabricating of a wide range of steel products used in Pipe Support Systems, HVAC Systems, Anti-vibration System and Equipment for Industrial, Commercial, Utility and OEM Installations.
The company manufactures engineering products, metal and base metal products like bolts, clamps, G. I. nuts and hangers etc. Its product portfolio also includes all types of bathroom accessories, bathroom pipes, fittings and sanitary wares.
The Company is also engaged in trading of textile products like fancy shirtings and finish fabrics.
Saketh Exim has 3 manufacturing units located at Vasai.
For six months period ending September 30, 2017, Manufacturing contributed 46.26% while Trading contributed 53.74% to the revenue of the company.
The revenue from operations for the financial year ending 2014-15, 2015-16 and 2016-17 are Rs 3,748.30 lakhs, Rs
4,668.77 lakhs and Rs 5,132.56 lakhs respectively.
The Net profit after tax for the company shows an increase of 91.07% and 24.06% respectively over the 3 years.
The company has 37 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 3,717.27 | 2,445.78 | 1,562.01 | 1,812.55 | 1,550.80 | 842.20 |
| Total Revenue | 6,199.76 | 5,140.47 | 4,672.11 | 3,749.45 | 3,321.15 | 1,930.61 |
| Profit After Tax | 107.12 | 95.55 | 77.02 | 40.31 | 13.31 | 13.87 |
The Issue comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholder.
The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholder.
The objects of the Fresh Issue are to raise funds for:
• Funding Long-Term Working Capital Requirements and
• Funding Expenditure for General Corporate Purposes
[Dilip Davda]
Although company has been reporting gradual growth in its top and bottom lines for last five fiscals, very aggressive pricing is the major concern. There is no harm in giving this exorbitantly priced issue a miss.
Read detail review...The Saketh Exim IPO is subscribed 1.30 times on August 3, 2018 5:00:00 PM. The public issue subscribed 0.84 times in the retail category, times in the QIB category, and 1.77 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.77 |
| Retail | 0.84 |
| Total | 1.30 |
| Listing Date | August 13, 2018 |
| BSE Script Code | |
| NSE Symbol | TEMBO |
| ISIN | INE869Y01010 |
| Final Issue Price | ₹69 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹69.00 |
| ₹69.30 |
| ₹69.10 |
| ₹69.45 |
| ₹69.40 |
Saketh Exim Limited
Plot No- PAP D-146/147
TTC MIDC, Turbhe,
Navi Mumbai - 400705
Phone: +91 22 2762 0641/42/43
Email: info@sakethexim.com
Website: http://www.sakethexim.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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Saketh Exim IPO is a SME IPO of 1,368,000 equity shares of the face value of ₹10 aggregating up to ₹9.44 Crores. The issue is priced at ₹69 per share. The minimum order quantity is 2000 Shares.
The IPO opens on August 1, 2018, and closes on August 3, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Saketh Exim IPO opens on August 1, 2018 and closes on August 3, 2018.
Saketh Exim IPO lot size is 2000 Shares, and the minimum amount required is ₹138,000.
You can apply in Saketh Exim 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 Saketh Exim IPO will be done on Wednesday, August 8, 2018, and the allotted shares will be credited to your demat account by Friday, August 10, 2018. Check the Saketh Exim IPO allotment status.
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IPOANALYSIS| Link | Bookmark |August 13, 2018 2:53:51 PM