Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Fri, Mar 10, 2017 - Fri, Mar 17, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 10, 2017
IPO Close
Fri, Mar 17, 2017
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹41.07 Cr
| IPO Date | 10 to 17 Mar, 2017 |
| Listed on | Mon, Mar 27, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 36,36,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,96,000 shares Guiness Securities Ltd. (agg. up to ₹0.5880 Cr) |
| Fresh Issue (Ex Market Maker) | 14,04,000 shares (agg. up to ₹4 Cr) |
| Offer for Sale | 20,36,000 shares of ₹10 (agg. up to ₹6 Cr) |
| Net Offered to Public | 34,40,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 1,20,89,750 shares |
| Share Holding Post Issue | 1,36,89,750 shares |
| BSE Script Code | 540393 SMLT |
| ISIN | INE017W01010 |
Sarthak Metals IPO comprises a total issue size of 36,36,000 shares. The net offer to the public is 34,40,000 shares, after excluding 1,96,000 shares allotted on a firm basis. Of the Net offer 17,20,000 (50.00%) allocated to NII 17,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,20,000 | 50.00% | 47.30% |
| Retail Shares Offered | 17,20,000 | 50.00% | 47.30% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,96,000 | 5.39% | |
| Total Shares Offered | 36,36,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| 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 part repayment of existing working capital facility of the Company | 4.00 |
| 2 | General Corporate Purpose | 0.59 |
| 3 | Offer Expenses | 0.21 |
The Sarthak Metals IPO is subscribed [.] times on March 17, 2017 9:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer management fees including fees and reimbursement of underwriting fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.34 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 3 | Advertisement & Marketing Expenses | 0.03 |
| 4 | Regulatory & other expenses | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹29.45 |
| Low | ₹27.70 |
| High | ₹31.40 |
| Last Trade | ₹30.75 |
Lead Manager Reports
Sarthak Metals IPO is a SME IPO of 36,36,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Mar 10, 2017, and closes on Fri, Mar 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 Fri, Mar 10, 2017 and closes on Fri, Mar 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 Mon, Mar 27, 2017.
