Fixed Price IPO | ₹6 Cr | Listed at NSE SME | Wed, May 4, 2016 - Mon, May 9, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, May 4, 2016
IPO Close
Mon, May 9, 2016
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹22.74 Cr
| IPO Date | 4 to 9 May, 2016 |
| Listed on | Tue, May 17, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 1,56,000 shares Guiness Securities Ltd. (agg. up to ₹0.3120 Cr) |
| Fresh Issue (Ex Market Maker) | 28,44,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 28,44,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 83,71,600 shares |
| Share Holding Post Issue | 1,13,71,600 shares |
| NSE Symbol | SAGARDEEP |
| ISIN | INE976T01013 |
Sagardeep Alloys IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 28,44,000 shares, after excluding 1,56,000 shares allotted on a firm basis. Of the Net offer 14,22,000 (50.00%) allocated to NII 14,22,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,22,000 | 50.00% | 47.40% |
| Retail Shares Offered | 14,22,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,56,000 | 5.20% | |
| Total Shares Offered | 30,00,000 | 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 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
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.
| 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 | Long Term Working Capital requirements | 6.00 |
| 2 | Issue Expenses | 0.32 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker, underwriting and selling commission, Advertising and marketing expenses, Printing including distribution costs | 0.27 |
| 2 | Others (Registrar’s fee, Market Maker, Legal Advisor, Regulatory fee, etc.) | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹20.00 |
| Low | ₹19.00 |
| High | ₹20.00 |
| Last Trade | ₹19.00 |
Lead Manager Reports
Sagardeep Alloys IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Wed, May 4, 2016, and closes on Mon, 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 Wed, May 4, 2016 and closes on Mon, 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 Tue, May 17, 2016.
