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Poojawestern Metaliks IPO is a fixed price issue of ₹5.48 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹5.48 crore.
Poojawestern Metaliks IPO bidding started from Sep 22, 2017 and ended on Sep 26, 2017. The shares got listed on BSE SME on Oct 5, 2017.
Poojawestern Metaliks IPO price is ₹36.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Poojawestern Metaliks IPO RHP for detailed Information.
| IPO Date | September 22, 2017 to September 26, 2017 |
| Listing Date | October 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,21,000 shares (aggregating up to ₹5.48 Cr) |
| Reserved for Market Maker | 81,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.2916 Cr) |
| Net Offered to Public | 14,40,000 shares (aggregating up to ₹5.18 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 35,50,000 shares |
| Share Holding Post Issue | 50,71,000 shares |
Poojawestern Metaliks IPO offers total 15,21,000 shares. Out of which 7,20,000 (47.34%) allocated to NII, 7,20,000 (47.34%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 81,000 (5.33%) |
| NII (HNI) Shares Offered | 7,20,000 (47.34%) |
| Retail Shares Offered | 7,20,000 (47.34%) |
| Total Shares Offered | 15,21,000 (100.00%) |
Poojawestern Metaliks IPO opens on September 22, 2017, and closes on September 26, 2017.
| IPO Open Date | Fri, Sep 22, 2017 |
| IPO Close Date | Tue, Sep 26, 2017 |
| Tentative Listing Date | Thu, Oct 5, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 26, 2017 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Incorporated in 2016, Poojawestern Metaliks Ltd is engaged in manufacturing of Brass and Brass Equipments to cater to the international markets. Company's product range includes brass billets, ingots, brass bars, brass and chrome plumbing fittings, brass inserts and adapters for CPVC and PPR pipes etc are sold under the brand name of "P-". They are a well known brand in Arab and Gulf market for brass products.
They mainly export brass products to Arab and Gulf countries. They use brass scrap as raw material which is imported from United Kingdom, United States of America and Gulf Countries for conversion of scrap into finished goods.
The Company Poojawestern Metaliks 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 | 5.00 |
| 2 | General Corporate Purpose | 0.08 |
[Dilip Davda] Considering poor working track record and high pricing of the issue, there is no harm in giving it a miss. Read detail review...
| Listing Date | October 5, 2017 |
| BSE Script Code | 540727 |
| NSE Symbol | |
| ISIN | INE973X01012 |
| Final Issue Price | ₹36 per share |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹53.40 |
| Low | ₹53.40 |
| High | ₹53.40 |
| Last Trade | ₹53.40 |
Poojawestern Metaliks Ltd.
Plot No.1,
Phase II,
GIDC Dared,
Jamnagar, Gujarat, 361004
Phone: +91-288-2730088
Email: info@poojametal.com
Website: http://www.poojametal.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Poojawestern Metaliks IPO is a SME IPO of 15,21,000 equity shares of the face value of ₹10 aggregating up to ₹5.48 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on September 22, 2017, and closes on September 26, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Poojawestern Metaliks IPO using UPI as a payment gateway. Zerodha customers can apply in Poojawestern Metaliks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Poojawestern Metaliks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Poojawestern Metaliks IPO opens on September 22, 2017 and closes on September 26, 2017.
Poojawestern Metaliks IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in Poojawestern Metaliks 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 Poojawestern Metaliks IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Poojawestern Metaliks IPO allotment status.
The Poojawestern Metaliks IPO listing date is on Thursday, October 5, 2017.
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