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Saketh Exim IPO is a fixed price issue of ₹9.44 crores. The issue is a combination of fresh issue of 0.11 crore shares aggregating to ₹7.75 crores and offer for sale of 0.02 crore shares aggregating to ₹1.69 crores.
Saketh Exim IPO bidding started from Aug 1, 2018 and ended on Aug 3, 2018. The allotment for Saketh Exim IPO was finalized on Aug 8, 2018. The shares got listed on NSE SME on Aug 13, 2018.
Saketh Exim IPO price is ₹69.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,38,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,76,000.
Aryaman Financial Services 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 Aryaman Capital Markets Ltd..
Refer to Saketh Exim IPO RHP for detailed Information.
| IPO Date | August 1, 2018 to August 3, 2018 |
| Listing Date | August 13, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹69 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 13,68,000 shares (aggregating up to ₹9.44 Cr) |
| Reserved for Market Maker | 72,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.4968 Cr) |
| Fresh Issue (Ex Market Maker) | 10,51,000 shares (aggregating up to ₹7.25 Cr) |
| Offer for Sale | 2,45,000 shares of ₹10 (aggregating up to ₹1.69 Cr) |
| Net Offered to Public | 12,96,000 shares (aggregating up to ₹8.94 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 39,00,000 shares |
| Share Holding Post Issue | 50,23,000 shares |
Saketh Exim IPO offers total 13,68,000 shares. Out of which 6,48,000 (47.37%) allocated to NII, 6,48,000 (47.37%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 72,000 (5.26%) |
| NII (HNI) Shares Offered | 6,48,000 (47.37%) |
| Retail Shares Offered | 6,48,000 (47.37%) |
| Total Shares Offered | 13,68,000 (100.00%) |
Saketh Exim IPO opens on August 1, 2018, and closes on August 3, 2018.
| IPO Open Date | Wed, Aug 1, 2018 |
| IPO Close Date | Fri, Aug 3, 2018 |
| Tentative Allotment | Wed, Aug 8, 2018 |
| Initiation of Refunds | Thu, Aug 9, 2018 |
| Credit of Shares to Demat | Fri, Aug 10, 2018 |
| Tentative Listing Date | Mon, Aug 13, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 3, 2018 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,38,000 |
| Retail (Max) | 1 | 2,000 | ₹1,38,000 |
| HNI (Min) | 2 | 4,000 | ₹2,76,000 |
Incorporated in 2010, Mumbai based Saketh Exim Limited is a company engaged in the business of manufacturing and fabricating of a wide range of steel products used in Pipe Support Systems, HVAC Systems, Anti-vibration System and Equipment for Industrial, Commercial, Utility and OEM Installations.
The company manufactures engineering products, metal and base metal products like bolts, clamps, G. I. nuts and hangers etc. Its product portfolio also includes all types of bathroom accessories, bathroom pipes, fittings and sanitary wares.
The Company is also engaged in trading of textile products like fancy shirtings and finish fabrics.
Saketh Exim has 3 manufacturing units located at Vasai.
For six months period ending September 30, 2017, Manufacturing contributed 46.26% while Trading contributed 53.74% to the revenue of the company.
The revenue from operations for the financial year ending 2014-15, 2015-16 and 2016-17 are Rs 3,748.30 lakhs, Rs
4,668.77 lakhs and Rs 5,132.56 lakhs respectively.
The Net profit after tax for the company shows an increase of 91.07% and 24.06% respectively over the 3 years.
The company has 37 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 3,717.27 | 2,445.78 | 1,562.01 | 1,812.55 | 1,550.80 | 842.20 |
| Total Revenue | 6,199.76 | 5,140.47 | 4,672.11 | 3,749.45 | 3,321.15 | 1,930.61 |
| Profit After Tax | 107.12 | 95.55 | 77.02 | 40.31 | 13.31 | 13.87 |
The Issue comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholder.
The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholder.
The objects of the Fresh Issue are to raise funds for:
• Funding Long-Term Working Capital Requirements and
• Funding Expenditure for General Corporate Purposes
[Dilip Davda] <p>Although company has been reporting gradual growth in its top and bottom lines for last five fiscals, very aggressive pricing is the major concern. There is no harm in giving this exorbitantly priced issue a miss.</p> Read detail review...
| Listing Date | August 13, 2018 |
| BSE Script Code | |
| NSE Symbol | TEMBO |
| ISIN | INE869Y01010 |
| Final Issue Price | ₹69 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹69.00 |
| Open | ₹69.30 |
| Low | ₹69.10 |
| High | ₹69.45 |
| Last Trade | ₹69.40 |
Saketh Exim Ltd.
Plot No- PAP D-146/147
TTC MIDC
Navi Mumbai, Turbhe
Mumbai, Maharashtra, 400705
Phone: +91 22 2762 0641/42/43
Email: info@sakethexim.com
Website: http://www.sakethexim.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Saketh Exim IPO is a SME IPO of 13,68,000 equity shares of the face value of ₹10 aggregating up to ₹9.44 Crores. The issue is priced at ₹69 per share. The minimum order quantity is 2000.
The IPO opens on August 1, 2018, and closes on August 3, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Saketh Exim IPO using UPI as a payment gateway. Zerodha customers can apply in Saketh Exim IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Saketh Exim IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Saketh Exim IPO opens on August 1, 2018 and closes on August 3, 2018.
Saketh Exim IPO lot size is 2000, and the minimum amount required for application is ₹1,38,000.
You can apply in Saketh Exim 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 Saketh Exim IPO will be done on Wednesday, August 8, 2018, and the allotted shares will be credited to your demat account by Friday, August 10, 2018. Check the Saketh Exim IPO allotment status.
The Saketh Exim IPO listing date is on Monday, August 13, 2018.
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