Fixed Price IPO | ₹8 Cr | Listed at NSE SME | Wed, Aug 28, 2019 - Tue, Sep 3, 2019
Salasar Exteriors IPO is a fixed price issue of ₹8.50 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹8.50 crore.
Salasar Exteriors IPO bidding started from Aug 28, 2019 and ended on Sep 3, 2019. The shares got listed on NSE SME on Sep 12, 2019.
Salasar Exteriors IPO price is ₹36 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) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is NNM Securities Pvt.Ltd..
Refer to Salasar Exteriors IPO RHP for detailed Information.
IPO Open
Wed, Aug 28, 2019
IPO Close
Tue, Sep 3, 2019
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹29.65 Cr
| IPO Date | 28 Aug to 3 Sep, 2019 |
| Listed on | Thu, Sep 12, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 23,61,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,20,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.4320 Cr) |
| Fresh Issue (Ex Market Maker) | 22,41,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 22,41,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 58,74,868 shares |
| Share Holding Post Issue | 82,34,868 shares |
| NSE Symbol | SECL |
| ISIN | INE00Y701018 |
Salasar Exteriors IPO comprises a total issue size of 23,60,000 shares. The net offer to the public is 22,40,000 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 11,20,000 (50.00%) allocated to NII 11,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,20,000 | 50.00% | 47.46% |
| Retail Shares Offered | 11,20,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,20,000 | 5.08% | |
| Total Shares Offered | 23,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
1. Authentic product range and customer support 2. Major Focus on construction related business 3. Experienced senior management team and promoters
| 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 | To Meet Working Capital Requirement | 6.30 |
| 2 | General Corporate Purposes | 1.70 |
The Salasar Exteriors IPO is subscribed 1.15 times on September 3, 2019 5:00:00 PM (Day 4). The public issue subscribed 0.2 times in the retail category, [.] times in the QIB category, and 2.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.1 | 11,20,000 | 23,55,000 |
| Retail | 0.2 | 11,20,000 | 2,19,000 |
| Total | 1.15 | 22,40,000 | 25,74,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to merchant banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as legal advisors,Auditors, Advisors,Registrars, etc | 0.38 |
| 2 | Printing and stationery and postage expenses | 0.03 |
| 3 | Advertising and marketing expenses | 0.04 |
| 4 | Statutory expenses | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹36.00 |
| Low | ₹36.00 |
| High | ₹36.00 |
| Last Trade | ₹36.00 |
Lead Manager Reports
Salasar Exteriors IPO is a SME IPO of 23,61,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Aug 28, 2019, and closes on Tue, Sep 3, 2019.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Salasar Exteriors IPO using UPI as a payment gateway. Zerodha customers can apply in Salasar Exteriors IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Salasar Exteriors IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Salasar Exteriors IPO opens on Wed, Aug 28, 2019 and closes on Tue, Sep 3, 2019.
Salasar Exteriors IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in Salasar Exteriors 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 Salasar Exteriors IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Salasar Exteriors IPO allotment status.
The Salasar Exteriors IPO listing date is on Thu, Sep 12, 2019.
