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Goldstar Power IPO is a fixed price issue of ₹7.25 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹7.25 crore.
Goldstar Power IPO bidding started from Sep 27, 2017 and ended on Sep 29, 2017. The shares got listed on NSE SME on Oct 10, 2017.
Goldstar Power IPO price is ₹25.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Goldstar Power IPO RHP for detailed Information.
| IPO Date | September 27, 2017 to September 29, 2017 |
| Listing Date | October 10, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,98,000 shares (aggregating up to ₹7.25 Cr) |
| Reserved for Market Maker | 1,50,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.3750 Cr) |
| Net Offered to Public | 27,48,000 shares (aggregating up to ₹6.87 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 78,00,000 shares |
| Share Holding Post Issue | 1,06,98,000 shares |
Goldstar Power IPO offers total 28,98,000 shares. Out of which 13,74,000 (47.41%) allocated to NII, 13,74,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,50,000 (5.18%) |
| NII (HNI) Shares Offered | 13,74,000 (47.41%) |
| Retail Shares Offered | 13,74,000 (47.41%) |
| Total Shares Offered | 28,98,000 (100.00%) |
Goldstar Power IPO opens on September 27, 2017, and closes on September 29, 2017.
| IPO Open Date | Wed, Sep 27, 2017 |
| IPO Close Date | Fri, Sep 29, 2017 |
| Tentative Listing Date | Tue, Oct 10, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 29, 2017 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Incorporated in 1999, Goldstar Power Ltd is a battery manufacturing Company. They manufacturing & marketing their products under flagship brand "Star Gold".
Company procures battery scrap and discarded batteries from dealers/retailers and converts into finished product. Company’s product range covers various types of batteries including automotive batteries, tubular batteries, SMF series batteries, VRLA batteries, Solar batteries, Pure Lead and Alloy batteries.
Those batteries are generally used in cars manufactured by Tata, Maruti and Mahindra. However, the batteries are used as a replacement by car owners and not as stock batteries by car manufacturers. Currently Company caters to all three segments of market viz. exports, domestic/after sales market and OEM. They have a widespread customer base with their domestic customer base situated in various regions of the country and international customers situated across varied countries like Uganda, Nepal, Lebanon, etc.
The Company Goldstar Power IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 6.75 |
| 2 | General Corporate Purpose | 0.05 |
[Dilip Davda] Risk savvy cash surplus investors may consider investment for long term in Goldstar Power NSE SME IPO. Read detail review...
| Listing Date | October 10, 2017 |
| BSE Script Code | |
| NSE Symbol | GOLDSTAR |
| ISIN | INE405Y01013 |
| Final Issue Price | ₹25 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹27.30 |
| Low | ₹26.30 |
| High | ₹29.60 |
| Last Trade | ₹26.30 |
Goldstar Power Ltd.
Behind Post-Hapa,
Ravi Petrol Pum,
High-Way Road,
Jamnagar, Gujarat, 361120
Phone: +91-0288-2571120
Email: cs@goldstarpower.com
Website: http://www.goldstarpower.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: goldstar.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Goldstar Power IPO is a SME IPO of 28,98,000 equity shares of the face value of ₹10 aggregating up to ₹7.25 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on September 27, 2017, and closes on September 29, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Goldstar Power IPO using UPI as a payment gateway. Zerodha customers can apply in Goldstar Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Goldstar Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Goldstar Power IPO opens on September 27, 2017 and closes on September 29, 2017.
Goldstar Power IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Goldstar Power IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Goldstar Power IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Goldstar Power IPO allotment status.
The Goldstar Power IPO listing date is on Tuesday, October 10, 2017.
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