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Supershakti Metaliks IPO is a fixed price issue of Rs 60.01 crores.
Supershakti Metaliks IPO bidding started from July 17, 2018 and ended on July 20, 2018. The allotment for Supershakti Metaliks IPO was finalized on Wednesday, July 25, 2018. The shares got listed on BSE SME on July 30, 2018.
Supershakti Metaliks IPO price is ₹375 per share. The minimum lot size for an application is 300 Shares. The minimum amount of investment required by retail investors is ₹112,500.
Aryaman Financial Services Limited is the book running lead manager of the Supershakti Metaliks IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Supershakti Metaliks IPO RHP for detailed information.
| IPO Date | July 17, 2018 to July 20, 2018 |
| Listing Date | July 30, 2018 |
| Face Value | ₹10 per share |
| Price | ₹375 per share |
| Lot Size | 300 Shares |
| Total Issue Size | 1,600,200 shares (aggregating up to ₹60.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,962,439 |
| Share holding post issue | 5,762,639 |
| Market Maker portion | 80,400 shares |
Supershakti Metaliks IPO offers 1,600,200 shares. 759,900 (47.49%) to NII, 759,900 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 80,400 (5.02%) |
| Other Shares Offered | 759,900 (47.49%) |
| Retail Shares Offered | 759,900 (47.49%) |
| Total Shares Offered | 1,600,200 (100%) |
Supershakti Metaliks IPO opens on July 17, 2018, and closes on July 20, 2018.
| IPO Open Date | Tuesday, July 17, 2018 |
| IPO Close Date | Friday, July 20, 2018 |
| Basis of Allotment | Wednesday, July 25, 2018 |
| Initiation of Refunds | Thursday, July 26, 2018 |
| Credit of Shares to Demat | Friday, July 27, 2018 |
| Listing Date | Monday, July 30, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 20, 2018 |
Investors can bid for a minimum of 300 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 | 300 | ₹112,500 |
| Retail (Max) | 1 | 300 | ₹112,500 |
| Lot Size Calculator | |||
Incorporated in 2012, Kolkata based Supershakti Metaliks Limited is a company engaged in the business of providing diversified products of steel. The company forms part of Sai Group which has carved itself into a well-known group and established it's goodwill in the iron and steel manufacturing industry. The company's manufacturing plant is located in Durgapur.
The Company enjoys a wide product range with diverse applications across downstream sectors. It possesses multiple manufacturing processes within the Plant with the ability to address customer orders with shrinking turnaround time. The Company has the widest range of products enabling it to cater to a wide spectrum of applications across the industries and balancing it out from market volatilities.
The company has 376 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 11,902.75 | 16,699.84 | 16,699.84 | 0.68 | 0.80 | |
| Total Revenue | 36,008.73 | 30,102.41 | 24,566.87 | -- | -- | |
| Profit After Tax | 1,238.08 | 57.84 | 71.85 | (0.12) | (0.12) | |
The Issue comprises of a Fresh Issue and an Offer for Sale by the Promoters.
The Company will not receive any proceeds of the Offer for Sale by the Promoters and Promoter Group Selling
Shareholders.
The objectives of the fresh issue are:
(a) Working Capital Requirements;
(b) Funding expenditure for General Corporate Purposes
[Dilip Davda]
With FY 18 earnings, company could do some wonders, but sustainability of the same trends going forward is a major concern. Hence cash surplus, risk savvy investors may consider investment for long term.
Read detail review...The Supershakti Metaliks IPO is subscribed 1.14 times on July 20, 2018 6:30:02 PM. The public issue subscribed 0.42 times in the retail category, times in the QIB category, and 1.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.87 |
| Retail | 0.42 |
| Total | 1.14 |
| Listing Date | July 30, 2018 |
| BSE Script Code | 541701 |
| NSE Symbol | |
| ISIN | INE00SY01011 |
| Final Issue Price | ₹375 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹375.00 |
| ₹377.10 |
| ₹375.50 |
| ₹379.00 |
| ₹376.50 |
Supershakti Metaliks Limited
39, Shakespeare Sarani,
3rd Floor, Kolkata
West Bengal - 700017
Phone: +91 33 2289 2734/35
Email: info@ssml.in
Website: http://www.supershaktimetaliks.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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Supershakti Metaliks IPO is a SME IPO of 1,600,200 equity shares of the face value of ₹10 aggregating up to ₹60.01 Crores. The issue is priced at ₹375 per share. The minimum order quantity is 300 Shares.
The IPO opens on July 17, 2018, and closes on July 20, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Supershakti Metaliks IPO opens on July 17, 2018 and closes on July 20, 2018.
Supershakti Metaliks IPO lot size is 300 Shares, and the minimum amount required is ₹112,500.
You can apply in Supershakti Metaliks 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 Supershakti Metaliks IPO will be done on Wednesday, July 25, 2018, and the allotted shares will be credited to your demat account by Friday, July 27, 2018. Check the Supershakti Metaliks IPO allotment status.
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RHP
IPO Guru (1400+ Posts, 1200+ Likes)
Top Contributor (300+ Posts, 100+ Likes)
Open: 377.10
High : 379.00
Low : 375.50
Close: 376.50
listing as per expected line.bakwas ipo