Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹108.00 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). 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 Date | July 12, 2017 to July 17, 2017 |
| Listing Date | July 25, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹108 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 33,28,964 shares (aggregating up to ₹35.95 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 99,56,300 shares |
| Share Holding Post Issue | 1,32,77,300 shares |
Salasar Techno IPO offers total 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 | Maximum 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%) |
Salasar Techno Engineering IPO opens on July 12, 2017, and closes on July 17, 2017.
| IPO Open Date | Wed, Jul 12, 2017 |
| IPO Close Date | Mon, Jul 17, 2017 |
| Tentative Listing Date | Tue, Jul 25, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 17, 2017 |
Investors can bid for a minimum of 125 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 | 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.
| Particulars | For the year/period ended (in Rs. Million) | ||||||
|---|---|---|---|---|---|---|---|
| 30-Sep-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | ||
| Total Assets | 1,678.71 | 1,540.29 | 1,457.10 | 1,667.45 | 1,114.96 | 989.02 | |
| Total Revenue | 1,472.79 | 2,768.14 | 2,761.20 | 2,452.23 | 1,675.12 | 1,069.75 | |
| Profit After Tax | 75.39 | 102.00 | 46.13 | 54.99 | 30.47 | 64.62 | |
The Company Salasar Techno Engineering 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 | Working Capital Requirement including margin money | 31.87 |
| 2 | General Corporate Purpose | 2.50 |
| 3 | Issue Expenses | 1.50 |
[Dilip Davda] Issue is reasonably priced. But its initial listing (due to offer size below Rs. 250 crore) will take place in “T” group, which will remove speculative aspect for the issue. However, investors may consider investment for medium to long term. Read detail review...
| Listing Date | July 25, 2017 |
| BSE Script Code | 540642 |
| NSE Symbol | SALASAR |
| ISIN | INE170V01019 |
| Final Issue Price | ₹108 per share |
Salasar Techno Engineering Ltd.
E-20, South Extension I,
New Delhi-110049
New Delhi, New Delhi
Phone: +91 11 41648566/8577
Email: compliance@salasartechno.com
Website: http://www.salasartechno.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Salasar Techno Engineering IPO is a main-board IPO of 33,28,964 equity shares of the face value of ₹10 aggregating up to ₹35.95 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 125.
The IPO opens on July 12, 2017, and closes on July 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 July 12, 2017 and closes on July 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 Tuesday, July 25, 2017.
Useful Articles
RHP