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Sarthak Metals IPO is a fixed price issue of ₹10.91 crores. The issue is a combination of fresh issue of 0.16 crore shares aggregating to ₹4.80 crores and offer for sale of 0.20 crore shares aggregating to ₹6.11 crores.
Sarthak Metals IPO bidding started from Mar 10, 2017 and ended on Mar 17, 2017. The shares got listed on BSE SME on Mar 27, 2017.
Sarthak Metals IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Oneview Corporate Advisors Pvt.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 Guiness Securities Ltd..
Refer to Sarthak Metals IPO RHP for detailed Information.
| IPO Date | March 10, 2017 to March 17, 2017 |
| Listing Date | March 27, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 36,36,000 shares (aggregating up to ₹10.91 Cr) |
| Reserved for Market Maker | 1,96,000 shares Guiness Securities Ltd. (aggregating up to ₹0.5880 Cr) |
| Fresh Issue (Ex Market Maker) | 14,04,000 shares (aggregating up to ₹4.21 Cr) |
| Offer for Sale | 20,36,000 shares of ₹10 (aggregating up to ₹6.11 Cr) |
| Net Offered to Public | 34,40,000 shares (aggregating up to ₹10.32 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,20,89,750 shares |
| Share Holding Post Issue | 1,36,89,750 shares |
Sarthak Metals IPO offers total 36,36,000 shares. Out of which 17,20,000 (47.30%) allocated to NII, 17,20,000 (47.30%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,96,000 (5.39%) |
| NII (HNI) Shares Offered | 17,20,000 (47.30%) |
| Retail Shares Offered | 17,20,000 (47.30%) |
| Total Shares Offered | 36,36,000 (100.00%) |
Sarthak Metals IPO opens on March 10, 2017, and closes on March 17, 2017.
| IPO Open Date | Fri, Mar 10, 2017 |
| IPO Close Date | Fri, Mar 17, 2017 |
| Tentative Listing Date | Mon, Mar 27, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 17, 2017 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 1995, Sarthak Metals Ltd is engaged into manufacturing of wide variety of Cored wires, Aluminum Flipping coils, and Industrial Oxygen gas having wide application in various industries including Steel plants, Fabrication units, and foundries. They are also engaged in the business of trading of iron & steel and carbon dioxide gas.
They manufacturers and suppliers of wire feeder machines that are known for drawing wires of 9 mm to 15 mm diameter. Company's major suppliers include Bharat Aluminium Co. Ltd, Bhushan Power & Steel Limited, Sino Metal International Limited etc. They are headquartered at Bhilai, Chhattisgarh and currently have two manufacturing units located at Bhilai and Raipur.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 30-Sep-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 5,500.90 | 4,898.53 | 4,717.51 | 4,022.47 | 3,666.78 | 3,062.59 |
| Total Revenue | 7,396.25 | 12,871.74 | 15,149.36 | 14,721.78 | 11,329.24 | 10,055.25 |
| Profit After Tax (PAT) | 246.81 | 366.55 | 287.45 | 260.06 | 239.01 | 166.78 |
The Company Sarthak Metals 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 part repayment of existing working capital facility of the Company | 4.00 |
| 2 | General Corporate Purpose | 0.59 |
| 3 | Offer Expenses | 0.21 |
[Dilip Davda] Cash surplus investors may consider investment for long term in Sarthak Metals BSE SME IPO. Read detail review...
| Listing Date | March 27, 2017 |
| BSE Script Code | 540393 |
| NSE Symbol | SMLT |
| ISIN | INE017W01010 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹29.45 |
| Low | ₹27.70 |
| High | ₹31.40 |
| Last Trade | ₹30.75 |
Sarthak Metals Ltd.
B.B.C Colony,
G.E. Road, Khursipar,
Bhilai
Bhilai, Chhattisgarh, 490011
Phone: +91-788-3290584 /2296495
Email: cs@sarthakmetals.com
Website: http://www.sarthakmetals.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: Ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Sarthak Metals IPO is a SME IPO of 36,36,000 equity shares of the face value of ₹10 aggregating up to ₹10.91 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on March 10, 2017, and closes on March 17, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sarthak Metals IPO using UPI as a payment gateway. Zerodha customers can apply in Sarthak Metals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sarthak Metals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sarthak Metals IPO opens on March 10, 2017 and closes on March 17, 2017.
Sarthak Metals IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Sarthak Metals 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 Sarthak Metals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sarthak Metals IPO allotment status.
The Sarthak Metals IPO listing date is on Monday, March 27, 2017.
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