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South West Pinnacle IPO is a book built issue of Rs 35.86 crores.
South West Pinnacle IPO bidding started from February 6, 2018 and ended on February 8, 2018. The allotment for South West Pinnacle IPO was finalized on Wednesday, February 14, 2018. The shares got listed on NSE SME on February 19, 2018.
South West Pinnacle IPO price band is set at ₹76 to ₹78 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹124,800.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the South West Pinnacle IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to South West Pinnacle IPO RHP for detailed information.
| IPO Date | February 6, 2018 to February 8, 2018 |
| Listing Date | February 19, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹78 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,596,800 shares (aggregating up to ₹35.86 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,354,400 |
| Share holding post issue | 13,951,200 |
| Market Maker portion | 235,200 shares |
South West Pinnacle IPO offers 4,516,800 shares. 857,989 (19.00%) to QIB, 643,096 (14.24%) to NII, 1,498,988 (33.19%) to RII, 80,000 (1.77%) to employees.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 235,200 (5.21%) |
| QIB Shares Offered | 857,989 (19.00%) |
| NII (HNI) Shares Offered | 643,096 (14.24%) |
| Retail Shares Offered | 1,498,988 (33.19%) |
| Employee Shares Offered | 80,000 (1.77%) |
| Total Shares Offered | 4,516,800 (100%) |
South West Pinnacle IPO opens on February 6, 2018, and closes on February 8, 2018.
| IPO Open Date | Tuesday, February 6, 2018 |
| IPO Close Date | Thursday, February 8, 2018 |
| Basis of Allotment | Wednesday, February 14, 2018 |
| Initiation of Refunds | Thursday, February 15, 2018 |
| Credit of Shares to Demat | Friday, February 16, 2018 |
| Listing Date | Monday, February 19, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 8, 2018 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
| Lot Size Calculator | |||
Incorporated in 2006, South West Pinnacle Exploration Limited is a Gurgaon, Haryana based company engaged in the business of providing drilling, exploration and allied services to coal, ferrous, non ferrous, atomic and base metal mining industries and water & unconventional energy industries. Company also provides consultancy for geological field services and allied services. Company has an in-house team of geoscientists for providing integrated exploration services including geophysical logging, surface geophysical & topographic surveys.
Company is also into aquifer mapping for Hydro-geological organisations in India for determining the quantity and quality of groundwater in a particular area, viz., water level, productivity and concentration of various chemicals in groundwater. This helps in identifying zones for groundwater development, groundwater recharge, rainwater harvesting etc.
Company has 37 operational rigs. Company drill upto a depth of 2500 meters and has completed more than 950,000 meters of drilling including 60 CBM exploratory and 166 CBM production wells for both Government and Private Sectors.
Company is intend to utilize the Net Proceeds towards the following objects:
1. Repayment/ Prepayment of certain Secured Borrowings availed by our company
2. Repayment/ Prepayment of certain Unsecured Borrowings availed by the company;
3. Purchase of Machinery;
4. Funding the working capital requirements of the Company;
5. General Corporate Purposes.
[Dilip Davda]
Considering push for infra projects that will augur well for this company, investment may be considered for short to long term.
Read detail review...The South West Pinnacle IPO is subscribed 29.42 times on February 8, 2018 5:00:00 PM. The public issue subscribed 11.70 times in the retail category, 18.04 times in the QIB category, and 144.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 18.04 |
| NII | 144.16 |
| Retail | 11.70 |
| Employee | 2.82 |
| Total | 29.42 |
| Listing Date | February 19, 2018 |
| BSE Script Code | |
| NSE Symbol | SOUTHWEST |
| ISIN | INE980Y01015 |
| Final Issue Price | ₹78 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹78.00 |
| ₹93.60 |
| ₹75.50 |
| ₹93.60 |
| ₹88.30 |
South West Pinnacle Exploration Ltd
Siddhartha House,
4th Floor, Plot No. 6,
Sector 44, Gurgaon
Phone: +91 124 4235400
Email: investors@southwestpinnacle.com
Website: http://www.southwestpinnacle.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: swpel.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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South West Pinnacle IPO is a SME IPO of 4,596,800 equity shares of the face value of ₹10 aggregating up to ₹35.86 Crores. The issue is priced at ₹76 to ₹78 per share. The minimum order quantity is 1600 Shares.
The IPO opens on February 6, 2018, and closes on February 8, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The South West Pinnacle IPO opens on February 6, 2018 and closes on February 8, 2018.
South West Pinnacle IPO lot size is 1600 Shares, and the minimum amount required is ₹124,800.
You can apply in South West Pinnacle 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 South West Pinnacle IPO will be done on Wednesday, February 14, 2018, and the allotted shares will be credited to your demat account by Friday, February 16, 2018. Check the South West Pinnacle IPO allotment status.
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Montu Tailor| Link | Bookmark |February 23, 2018 2:49:39 PM