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Salasar Exteriors IPO is a fixed price issue of Rs 8.50 crores.
Salasar Exteriors IPO bidding started from August 28, 2019 and ended on September 3, 2019. The shares got listed on NSE SME on September 12, 2019.
Salasar Exteriors 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.
Navigant Corporate Advisors Ltd is the book running lead manager of the Salasar Exteriors IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Salasar Exteriors IPO RHP for detailed information.
| IPO Date | August 28, 2019 to September 3, 2019 |
| Listing Date | September 12, 2019 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,360,000 shares (aggregating up to ₹8.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,874,868 |
| Share holding post issue | 8,234,868 |
| Market Maker portion | 120,000 shares |
Salasar Exteriors IPO offers 2,360,000 shares. 1,120,000 (47.46%) to NII, 1,120,000 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 120,000 (5.08%) |
| Other Shares Offered | 1,120,000 (47.46%) |
| Retail Shares Offered | 1,120,000 (47.46%) |
| Total Shares Offered | 2,360,000 (100%) |
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 | |||
The promoters of the company being Mr. Shreekishan Joshi and Mr. Videh Shreekishan Joshi
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 71.34% |
1. Authentic product range and customer support 2. Major Focus on construction related business 3. Experienced senior management team and promoters
| Particulars | For the year/period ended (in Rs. Lakhs) | |
|---|---|---|
| 31-July-18 | ||
| Total Assets | 2737.02 | |
| Total Revenue | 177.83 | |
| Profit After Tax | 7.66 | |
The company intends to utilize the proceeds of the Issue to meet the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Expenses, and
3. To Meet the Issue Expenses
[Dilip Davda] As a corporate entity, it has just 11 months working with dismal profits. Based on this data, the issue is priced aggressively. There is no harm in giving it a miss. Read detail review...
The Salasar Exteriors IPO is subscribed 1.15 times on September 3, 2019 5:00:00 PM. The public issue subscribed 0.20 times in the retail category, times in the QIB category, and 2.10 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.10 |
| Retail | 0.20 |
| Total | 1.15 |
| Listing Date | September 12, 2019 |
| BSE Script Code | |
| NSE Symbol | SECL |
| ISIN | INE00Y701018 |
| Final Issue Price | ₹36 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹36.00 |
| ₹36.00 |
| ₹36.00 |
| ₹36.00 |
| ₹36.00 |
Salasar Exteriors and Contour Ltd
A-922/923, Corporate Avenue,
Sonawala Road, Near Udyog Nagar Bhuvan,
Goregaon East, Mumbai, Maharashtra - 400063
Phone: +91 22-67083366
Email: account@salasarexteriors.com
Website: http://www.salasarexterior.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Salasar Exteriors IPO is a SME IPO of 2,360,000 equity shares of the face value of ₹10 aggregating up to ₹8.50 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.
The IPO opens on August 28, 2019, and closes on September 3, 2019.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Salasar Exteriors IPO opens on August 28, 2019 and closes on September 3, 2019.
Salasar Exteriors IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
You can apply in Salasar Exteriors 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 Salasar Exteriors IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Salasar Exteriors IPO allotment status.
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RHP
IPO Guru (2200+ Posts, 1100+ Likes)
???? IPO Janadesh ????| Link | Bookmark |September 30, 2019 10:40:24 AM6-6 IPOs at a time.
Never seen so optimism in the market.
4 SME IPOs.
1 ' T ' group IPO
&
only 1 main board IPO.
Suggestion :
Those who feel that ASBA forms will be rejected , they can try Vishwaraj sugar at lower price band of 55 & check their application status whether accepted or rejected.