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Sagardeep Alloys IPO is a fixed price issue of ₹6.00 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹6.00 crore.
Sagardeep Alloys IPO bidding started from May 4, 2016 and ended on May 9, 2016. The shares got listed on NSE SME on May 17, 2016.
Sagardeep Alloys IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Chartered Capital & Investment 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 Guiness Securities Ltd..
Refer to Sagardeep Alloys IPO RHP for detailed Information.
| IPO Date | May 4, 2016 to May 9, 2016 |
| Listing Date | May 17, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹6.00 Cr) |
| Reserved for Market Maker | 1,56,000 shares Guiness Securities Ltd. (aggregating up to ₹0.3120 Cr) |
| Net Offered to Public | 28,44,000 shares (aggregating up to ₹5.69 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 83,71,600 shares |
| Share Holding Post Issue | 1,13,71,600 shares |
Sagardeep Alloys IPO offers total 30,00,000 shares. Out of which 14,22,000 (47.40%) allocated to NII, 14,22,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,56,000 (5.20%) |
| NII (HNI) Shares Offered | 14,22,000 (47.40%) |
| Retail Shares Offered | 14,22,000 (47.40%) |
| Total Shares Offered | 30,00,000 (100.00%) |
Sagardeep Alloys IPO opens on May 4, 2016, and closes on May 9, 2016.
| IPO Open Date | Wed, May 4, 2016 |
| IPO Close Date | Mon, May 9, 2016 |
| Tentative Listing Date | Tue, May 17, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, May 9, 2016 |
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 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2007, Sagardeep Alloys Limited is in the business of manufacturing and trading copper and brass products such as pipes & tubes and trading of stainless steel, copper, brass and other metal products. The company is supplying its products in domestic market.
The Company is engaged in the business of manufacturing of Copper Pipes, Flats, Coils, Rods, Plates and Copper Alloys Consumables and trading of Ferrous and Non ferrous Metals and alloys. The Factory is located at Block No 2070, Rajnagar Patiya, Santej Khatraj Road, Santej, Taluka-Kalol, Ghandhinagar-382721, Gujarat (India).
The Company has got ISO 9001:2008 certification for 'Manufacturing and Supply of Copper Pipes, Tubes, Flats, Coils, Rods, Nuggets, Plates and Copper Alloys Consumables and Trading and Supply of Ferrous and Non Ferrous Metals and Alloys' from BSCIC.
Company's products are industrial in nature and are utilized in various industries such as Air Conditioning and Refrigeration, Engineering & Gas Application etc. Company's Clientele list includes some reputed Govt. undertakings, Public Sector undertakings and Engineering Giants.
| KPI | Values |
|---|---|
| RoNW | 4.1% |
The Company Sagardeep Alloys 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 | Long Term Working Capital requirements | 6.00 |
| 2 | Issue Expenses | 0.32 |
[Dilip Davda] <p>Considering non encouraging performance and the aggressive pricing, there is no harm in giving it a miss. However, risk savvy investors with cash surplus may consider it for long term.</p> Read detail review...
| Listing Date | May 17, 2016 |
| BSE Script Code | |
| NSE Symbol | SAGARDEEP |
| ISIN | INE976T01013 |
| Final Issue Price | ₹20 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹20.00 |
| Low | ₹19.00 |
| High | ₹20.00 |
| Last Trade | ₹19.00 |
Sagardeep Alloys Ltd.
205, Pittalaya Bumba,
Nr. Madhuram Cinema,
Gheekanta,
Ahmedabad, Gujarat, 380001
Phone: +91-79-2562 6304
Email: secretary@sdalloys.com
Website: http://www.sdalloys.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: sal.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sagardeep Alloys IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.00 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on May 4, 2016, and closes on May 9, 2016.
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 Sagardeep Alloys IPO using UPI as a payment gateway. Zerodha customers can apply in Sagardeep Alloys IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sagardeep Alloys IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sagardeep Alloys IPO opens on May 4, 2016 and closes on May 9, 2016.
Sagardeep Alloys IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Sagardeep Alloys 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 Sagardeep Alloys IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sagardeep Alloys IPO allotment status.
The Sagardeep Alloys IPO listing date is on Tuesday, May 17, 2016.
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