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Sarthak Metals IPO is a fixed price issue of Rs 10.91 crores.
Sarthak Metals IPO bidding started from March 10, 2017 and ended on March 17, 2017. The shares got listed on BSE SME on March 27, 2017.
Sarthak Metals IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Oneview Corporate Advisors Pvt. Ltd. is the book running lead manager of the Sarthak Metals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Sarthak Metals IPO RHP for detailed information.
| IPO Date | March 10, 2017 to March 17, 2017 |
| Listing Date | March 27, 2017 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,636,000 shares (aggregating up to ₹10.91 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 12,089,750 |
| Share holding post issue | 13,689,750 |
Investors can bid for a minimum of 4000 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 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in 1995, Sarthak Metals Ltd is engaged into manufacturing of wide variety of Cored wires, Aluminum Flipping coils, and Industrial Oxygen gas having wide application in various industries including Steel plants, Fabrication units, and foundries. They are also engaged in the business of trading of iron & steel and carbon dioxide gas.
They manufacturers and suppliers of wire feeder machines that are known for drawing wires of 9 mm to 15 mm diameter. Company's major suppliers include Bharat Aluminium Co. Ltd, Bhushan Power & Steel Limited, Sino Metal International Limited etc. They are headquartered at Bhilai, Chhattisgarh and currently have two manufacturing units located at Bhilai and Raipur.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 30-Sep-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 5,500.90 | 4,898.53 | 4,717.51 | 4,022.47 | 3,666.78 | 3,062.59 |
| Total Revenue | 7,396.25 | 12,871.74 | 15,149.36 | 14,721.78 | 11,329.24 | 10,055.25 |
| Profit After Tax (PAT) | 246.81 | 366.55 | 287.45 | 260.06 | 239.01 | 166.78 |
The Objects of the offer are:
1. To repay existing working capital facilities of Company;
2. To meet the part of General Corporate Purpose; and
3. To meet the expenses of the Offer.
[Dilip Davda] Cash surplus investors may consider investment for long term in Sarthak Metals BSE SME IPO. Read detail review...
The Sarthak Metals IPO is subscribed times on March 17, 2017 9:00:00 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 | March 27, 2017 |
| BSE Script Code | 540393 |
| NSE Symbol | SMLT |
| ISIN | INE017W01010 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹30.00 |
| ₹29.45 |
| ₹27.70 |
| ₹31.40 |
| ₹30.75 |
Sarthak Metals Ltd
B.B.C Colony,
G.E. Road, Khursipar,
Bhilai - 490 011
Phone: +91-788-3290584 /2296495
Email: cs@sarthakmetals.com
Website: http://www.sarthakmetals.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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Sarthak Metals IPO is a SME IPO of 3,636,000 equity shares of the face value of ₹10 aggregating up to ₹10.91 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on March 10, 2017, and closes on March 17, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Sarthak Metals IPO opens on March 10, 2017 and closes on March 17, 2017.
Sarthak Metals IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in Sarthak Metals 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 Sarthak Metals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sarthak Metals IPO allotment status.
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RHP
Upmove has started here (downside is very minimal).
Reason why it didn''t move higher is because of the timing of this IPO.
There were lot of companies lined up (on same week) because of which this one is diminished.