Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Salasar Techno IPO is a fixed price issue of Rs 35.87 crores.
Salasar Techno IPO bidding started from July 12, 2017 and ended on July 17, 2017. The shares got listed on BSE, NSE on July 25, 2017.
Salasar Techno IPO price is ₹108 per share. The minimum lot size for an application is 125 Shares. The minimum amount of investment required by retail investors is ₹13,500.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Salasar Techno IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Salasar Techno IPO RHP for detailed information.
| IPO Date | July 12, 2017 to July 17, 2017 |
| Listing Date | July 25, 2017 |
| Face Value | ₹10 per share |
| Price | ₹108 per share |
| Lot Size | 125 Shares |
| Total Issue Size | 3,321,000 shares (aggregating up to ₹35.87 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 9,956,300 |
| Share holding post issue | 13,277,300 |
Salasar Techno IPO offers 3,321,000 shares. 1,660,500 (50.00%) to NII, 1,660,500 (50.00%) to RII. 13,284 RIIs will receive minimum 125 shares and (sNII) and (bNII) will receive minimum 1,875 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| Other Shares Offered | 1,660,500 (50.00%) | |
| Retail Shares Offered | 1,660,500 (50.00%) | 13,284 |
| Total Shares Offered | 3,321,000 (100%) |
Investors can bid for a minimum of 125 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 | 125 | ₹13,500 |
| Retail (Max) | 14 | 1750 | ₹189,000 |
| Lot Size Calculator | |||
Incorporated in 2001, Salasar Techno Engineering Ltd engaged in manufacturing galvanized steel products. Company's products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures, and customized galvanized and non-galvanized steel structures.
Salasar also offers engineering, procurement, and control services for rural electrification, power transmission lines, and solar power plant projects. In addition, the company undertakes civil foundation works, and erection of telecom and transmission towers at site, including painting, as well as EPC turnkey projects for solar mounting structures. STEL’s services include providing complete engineering, procurement and control for projects such as Rural Electrification, Power Transmission Lines, and Solar Power Plants.The company exports its galvanized products to South Africa, Myanmar etc.
| Particulars | For the year/period ended (in Rs. Million) | ||||||
|---|---|---|---|---|---|---|---|
| 30-Sep-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | ||
| Total Assets | 1,678.71 | 1,540.29 | 1,457.10 | 1,667.45 | 1,114.96 | 989.02 | |
| Total Revenue | 1,472.79 | 2,768.14 | 2,761.20 | 2,452.23 | 1,675.12 | 1,069.75 | |
| Profit After Tax | 75.39 | 102.00 | 46.13 | 54.99 | 30.47 | 64.62 | |
The object of the issue are:
1. To meet the working capital requirements of the Company including margin money;
2. General Corporate Purpose;
3. To meet the Issue Expenses.
[Dilip Davda] Issue is reasonably priced. But its initial listing (due to offer size below Rs. 250 crore) will take place in “T” group, which will remove speculative aspect for the issue. However, investors may consider investment for medium to long term. Read detail review...
The Salasar Techno IPO is subscribed 273.05 times on July 17, 2017 5:00:00 PM. The public issue subscribed 58.92 times in the retail category, - times in the QIB category, and 478.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 478.39 |
| Retail | 58.92 |
| Total | 273.05 |
| Listing Date | July 25, 2017 |
| BSE Script Code | 540642 |
| NSE Symbol | SALASAR |
| ISIN | INE170V01019 |
| Final Issue Price | ₹108 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹108.00 |
| ₹259.15 |
| ₹250.00 |
| ₹272.10 |
| ₹259.15 |
| NSE |
|---|
| ₹108.00 |
| ₹250.00 |
| ₹250.00 |
| ₹262.50 |
| ₹262.50 |
Salasar Techno Engineering Ltd
E-20, South Extension I,
New Delhi-110049
Phone: +91 11 41648566/8577
Email: compliance@salasartechno.com
Website: http://www.salasartechno.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Salasar Techno IPO is a main-board IPO of 3,321,000 equity shares of the face value of ₹10 aggregating up to ₹35.87 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 125 Shares.
The IPO opens on July 12, 2017, and closes on July 17, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Salasar Techno IPO opens on July 12, 2017 and closes on July 17, 2017.
Salasar Techno IPO lot size is 125 Shares, and the minimum amount required is ₹13,500.
You can apply in Salasar Techno 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 Techno IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Salasar Techno IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Mentor (800+ Posts, 3400+ Likes)
Top Contributor (700+ Posts, 200+ Likes)
IPO Guru (2500 Posts, 5400+ Likes)
