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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 ₹36.00 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). The minimum lot size investment for 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 Date | August 28, 2019 to September 3, 2019 |
| Listing Date | September 12, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,61,000 shares (aggregating up to ₹8.50 Cr) |
| Reserved for Market Maker | 1,20,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.4320 Cr) |
| Net Offered to Public | 22,41,000 shares (aggregating up to ₹8.07 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 58,74,868 shares |
| Share Holding Post Issue | 82,34,868 shares |
Salasar Exteriors IPO offers total 23,60,000 shares. Out of which 11,20,000 (47.46%) allocated to NII, 11,20,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,20,000 (5.08%) |
| NII (HNI) Shares Offered | 11,20,000 (47.46%) |
| Retail Shares Offered | 11,20,000 (47.46%) |
| Total Shares Offered | 23,60,000 (100.00%) |
Salasar Exteriors IPO opens on August 28, 2019, and closes on September 3, 2019.
| IPO Open Date | Wed, Aug 28, 2019 |
| IPO Close Date | Tue, Sep 3, 2019 |
| Tentative Listing Date | Thu, Sep 12, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 3, 2019 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
1. Authentic product range and customer support 2. Major Focus on construction related business 3. Experienced senior management team and promoters
| Particulars | For the year/period ended (in Rs. Lakhs) | |
|---|---|---|
| 31-July-18 | ||
| Total Assets | 2737.02 | |
| Total Revenue | 177.83 | |
| Profit After Tax | 7.66 | |
The Company Salasar Exteriors 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 | To Meet Working Capital Requirement | 6.30 |
| 2 | General Corporate Purposes | 1.70 |
[Dilip Davda] As a corporate entity, it has just 11 months working with dismal profits. Based on this data, the issue is priced aggressively. There is no harm in giving it a miss. Read detail review...
| Listing Date | September 12, 2019 |
| BSE Script Code | |
| NSE Symbol | SECL |
| ISIN | INE00Y701018 |
| Final Issue Price | ₹36 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹36.00 |
| Low | ₹36.00 |
| High | ₹36.00 |
| Last Trade | ₹36.00 |
Salasar Exteriors & Contour Ltd.
A-922/923, Corporate Avenue,
Sonawala Road, Near Udyog Nagar Bhuvan,
Goregaon East,
Mumbai, Maharashtra, 400063
Phone: +91 22-67083366
Email: account@salasarexteriors.com
Website: http://www.salasarexterior.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Salasar Exteriors IPO is a SME IPO of 23,61,000 equity shares of the face value of ₹10 aggregating up to ₹8.50 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on August 28, 2019, and closes on September 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 August 28, 2019 and closes on September 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 Thursday, September 12, 2019.
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