Fixed Price IPO | ₹7 Cr | Listed at NSE SME | Wed, Sep 27, 2017 - Fri, Sep 29, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 27, 2017
IPO Close
Fri, Sep 29, 2017
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹26.75 Cr
| IPO Date | 27 to 29 Sep, 2017 |
| Listed on | Tue, Oct 10, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 28,98,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 1,50,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.3750 Cr) |
| Fresh Issue (Ex Market Maker) | 27,48,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 27,48,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 78,00,000 shares |
| Share Holding Post Issue | 1,06,98,000 shares |
| NSE Symbol | GOLDSTAR |
| ISIN | INE405Y01013 |
Goldstar Power IPO comprises a total issue size of 28,98,000 shares. The net offer to the public is 27,48,000 shares, after excluding 1,50,000 shares allotted on a firm basis. Of the Net offer 13,74,000 (50.00%) allocated to NII 13,74,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,74,000 | 50.00% | 47.41% |
| Retail Shares Offered | 13,74,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,50,000 | 5.18% | |
| Total Shares Offered | 28,98,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 6.75 |
| 2 | General Corporate Purpose | 0.05 |
The Goldstar Power IPO is subscribed [.] times on September 29, 2017 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc | 0.38 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹27.30 |
| Low | ₹26.30 |
| High | ₹29.60 |
| Last Trade | ₹26.30 |
Lead Manager Reports
Goldstar Power IPO is a SME IPO of 28,98,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Wed, Sep 27, 2017, and closes on Fri, Sep 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 Wed, Sep 27, 2017 and closes on Fri, Sep 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 Tue, Oct 10, 2017.
