Fixed Price IPO | ₹36 Cr | Listed at BSE, NSE | Wed, Jul 12, 2017 - Mon, Jul 17, 2017
Salasar Techno Engineering IPO is a fixed price issue of ₹35.95 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹35.95 crore.
Salasar Techno Engineering IPO bidding started from Jul 12, 2017 and ended on Jul 17, 2017. The shares got listed on BSE, NSE on Jul 25, 2017.
Salasar Techno Engineering IPO price is ₹108 per share. The lot size for an application is 125. The minimum amount of investment required by an individual investor (retail) is ₹13,500 (125 shares) (based on upper price). The lot size investment for sNII is 15 lots (1,875 shares), amounting to ₹2,02,500, and for bNII, it is 75 lots (9,375 shares), amounting to ₹10,12,500.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Salasar Techno Engineering IPO RHP for detailed Information.
IPO Open
Wed, Jul 12, 2017
IPO Close
Mon, Jul 17, 2017
Issue Price
₹108 per share
Market Cap (Pre-IPO)
₹143.39 Cr
| IPO Date | 12 to 17 Jul, 2017 |
| Listed on | Tue, Jul 25, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹108 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 33,28,964 shares (agg. up to ₹36 Cr) |
| Fresh Issue | 33,28,964 shares (agg. up to ₹36 Cr) |
| Share Holding Pre Issue | 99,56,300 shares |
| Share Holding Post Issue | 1,32,77,300 shares |
| BSE Script Code / NSE Symbol | 540642 / SALASAR |
| ISIN | INE170V01019 |
Salasar Techno Engineering IPO comprises a total issue size of 33,21,000 shares. Out of which, 16,60,500 (50.00%) allocated to NII 16,60,500 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,60,500 | 50.00% | NA |
| Retail Shares Offered | 16,60,500 | 50.00% | 13,284 |
| Total Shares Offered | 33,21,000 | 100.00% |
Investors can bid for a minimum of 125 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹13,500 |
| Retail (Max) | 14 | 1,750 | ₹1,89,000 |
| S-HNI (Min) | 15 | 1,875 | ₹2,02,500 |
Incorporated in 2001, Salasar Techno Engineering Ltd engaged in manufacturing galvanized steel products. Company's products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures, and customized galvanized and non-galvanized steel structures.
Salasar also offers engineering, procurement, and control services for rural electrification, power transmission lines, and solar power plant projects. In addition, the company undertakes civil foundation works, and erection of telecom and transmission towers at site, including painting, as well as EPC turnkey projects for solar mounting structures. STEL’s services include providing complete engineering, procurement and control for projects such as Rural Electrification, Power Transmission Lines, and Solar Power Plants.The company exports its galvanized products to South Africa, Myanmar etc.
| 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 | Working Capital Requirement including margin money | 31.87 |
| 2 | General Corporate Purpose | 2.50 |
| 3 | Issue Expenses | 1.50 |
The Salasar Techno IPO is subscribed 273.05 times on July 17, 2017 5:00:00 PM (Day 4). The public issue subscribed 58.92 times in the retail category, 9,999 times in the QIB category, and 478.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII | 478.39 | 16,60,500 | 79,43,70,875 |
| Retail | 58.92 | 16,60,500 | 9,78,34,500 |
| Total | 273.05 | 33,21,000 | 90,67,92,375 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager fees | 0.42 |
| 2 | Commission/processing fee for SCSBs | 0.01 |
| 3 | Brokerage and selling commission for Members of the Syndicate (including their Sub-Syndicate Members), Registered Brokers, RTAs. | 0.54 |
| 4 | Registrar to the Issue | 0.02 |
| 5 | Listing fees to NSE & BSE, SEBI filing fees and other regulatory expenses; Printing and stationary; Advertising and marketing expenses; Fees payable to Others; Miscellaneous | 0.52 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹108.00 | ₹108.00 |
| Open | ₹259.15 | ₹250.00 |
| Low | ₹250.00 | ₹250.00 |
| High | ₹272.10 | ₹262.50 |
| Last Trade | ₹259.15 | ₹262.50 |
Lead Manager Reports
Salasar Techno Engineering IPO is a main-board IPO of 33,28,964 equity shares of the face value of ₹10 aggregating up to ₹36 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 125.
The IPO opens on Wed, Jul 12, 2017, and closes on Mon, Jul 17, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Salasar Techno Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Salasar Techno Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Salasar Techno Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Salasar Techno Engineering IPO opens on Wed, Jul 12, 2017 and closes on Mon, Jul 17, 2017.
Salasar Techno Engineering IPO lot size is 125, and the minimum amount required for application is ₹13,500.
You can apply in Salasar Techno Engineering 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 Techno Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Salasar Techno Engineering IPO allotment status.
The Salasar Techno Engineering IPO listing date is on Tue, Jul 25, 2017.
