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Sprayking Agro IPO is a fixed price issue of Rs 1.86 crores.
Sprayking Agro IPO bidding started from August 31, 2016 and ended on September 2, 2016. The shares got listed on BSE SME on September 14, 2016.
Sprayking Agro IPO price is ₹21 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹126,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Sprayking Agro IPO, while Sharex Dynamic (India) Pvt Ltd is the registrar for the issue.
Refer to Sprayking Agro IPO RHP for detailed information.
| IPO Date | August 31, 2016 to September 2, 2016 |
| Listing Date | September 14, 2016 |
| Face Value | ₹10 per share |
| Price | ₹21 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 888,000 shares (aggregating up to ₹1.86 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,284,769 |
| Share holding post issue | 3,172,769 |
Investors can bid for a minimum of 6000 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 | 6000 | ₹126,000 |
| Retail (Max) | 1 | 6000 | ₹126,000 |
| Lot Size Calculator | |||
Incorporated in 2005, Sprayking Agro Equipment Limited is engaged in manufacturing of Brass Equipment. Company manufactures and sells agriculture brass components, plumbing and sanitary fittings in India. Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal.They also manufacture Auto and Electrical parts, Fitting Parts, etc made of Brass.
Sprayking Agro is the Leading manufacturer of the Sprayer's parts such as Sprayer, knapsack sprayer, agricultural sprayer, plastic sprayer, garden sprayer, backpack sprayer, hand sprayer, sprayers, pressure sprayer, power sprayer, agriculture sprayer and compression sprayers as well as nut nipples. Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum.It supplies agriculture equipment to industrial users, such as agriculture spray manufacturers and manufacturers of other allied products; and plumbing and other equipment to traders in retail market.
They use brass scrap as raw material which is imported from USA, UK and other European Countries and convert the scrap into finished goods.
The objects of the Issue are: Information in this section is taken from chittorgarh.com, India's No 1 IPO Investment Portal.
1. Repayment of Unsecured Loan;
2. Enhance Company's corporate image, brand name and create a public market for its Equity Shares in India;
3. Achieve the benefits of listing on the SME platform of BSE; and
4. General Corporate Purposes.
[Dilip Davda] Based on its earnings the asking price is exorbitant. However, cash surplus risk savvy investors may consider it for long term investment; other may give it a miss. Read detail review...
| Listing Date | September 14, 2016 |
| BSE Script Code | 540079 |
| NSE Symbol | |
| ISIN | INE537U01011 |
| Final Issue Price | ₹21 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹21.00 |
| ₹24.00 |
| ₹21.75 |
| ₹24.00 |
| ₹21.80 |
Sprayking Agro Equipment Ltd
GIDC, Phase II,
Plot No. 590, Dared,
Jamnagar
Phone: +91 288 2730750
Email: info@spraykingagro.com
Website: http://www.spraykingagro.com
Sharex Dynamic (India) Pvt Ltd
Phone: +91- 22 - 2851 5606
Email: sharexindia@vsnl.com
Website:
SME Company Owners
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Check our SME IPO Guide 
Sprayking Agro IPO is a SME IPO of 888,000 equity shares of the face value of ₹10 aggregating up to ₹1.86 Crores. The issue is priced at ₹21 per share. The minimum order quantity is 6000 Shares.
The IPO opens on August 31, 2016, and closes on September 2, 2016.
Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Sprayking Agro IPO opens on August 31, 2016 and closes on September 2, 2016.
Sprayking Agro IPO lot size is 6000 Shares, and the minimum amount required is ₹126,000.
You can apply in Sprayking Agro 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 Sprayking Agro IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sprayking Agro IPO allotment status.
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Kumawat Boy| Link | Bookmark |September 26, 2016 2:49:19 PM