Fixed Price IPO | ₹9 Cr | Listed at NSE SME | Wed, Aug 1, 2018 - Fri, Aug 3, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Aug 1, 2018
IPO Close
Fri, Aug 3, 2018
Issue Price
₹69 per share
Market Cap (Pre-IPO)
₹34.66 Cr
| IPO Date | 1 to 3 Aug, 2018 |
| Listed on | Mon, Aug 13, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹69 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 13,68,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 72,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.4968 Cr) |
| Fresh Issue (Ex Market Maker) | 10,51,000 shares (agg. up to ₹7 Cr) |
| Offer for Sale | 2,45,000 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 12,96,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 39,00,000 shares |
| Share Holding Post Issue | 50,23,000 shares |
| NSE Symbol | TEMBO |
| ISIN | INE869Y01010 |
Saketh Exim IPO comprises a total issue size of 13,68,000 shares. The net offer to the public is 12,96,000 shares, after excluding 72,000 shares allotted on a firm basis. Of the Net offer 6,48,000 (50.00%) allocated to NII 6,48,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,48,000 | 50.00% | 47.37% |
| Retail Shares Offered | 6,48,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 72,000 | 5.26% | |
| Total Shares Offered | 13,68,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| 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 | Funding Long Term Working Capital Requirements | 7.30 |
| 2 | Funding Expenditure for General Corporate Purposes | 0.03 |
The Saketh Exim IPO is subscribed 1.3 times on August 3, 2018 5:00:00 PM (Day 3). The public issue subscribed 0.84 times in the retail category, [.] times in the QIB category, and 1.77 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.77 | 6,48,000 | 11,46,000 |
| Retail | 0.84 | 6,48,000 | 5,44,000 |
| Total | 1.3 | 12,96,000 | 16,90,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees (1st year), and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.39 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.01 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹69.00 |
| Open | ₹69.30 |
| Low | ₹69.10 |
| High | ₹69.45 |
| Last Trade | ₹69.40 |
Lead Manager Reports
Saketh Exim IPO is a SME IPO of 13,68,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹69 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Aug 1, 2018, and closes on Fri, Aug 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 Wed, Aug 1, 2018 and closes on Fri, Aug 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 Fri, Aug 10, 2018. Check the Saketh Exim IPO allotment status.
The Saketh Exim IPO listing date is on Mon, Aug 13, 2018.
