Silverpoint Infratech IPO Details

Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Mon, Aug 12, 2013 - Wed, Aug 14, 2013

Silverpoint Infratech IPO Logo

Silverpoint Infratech IPO is a fixed price issue of ₹12.00 crores. The issue is entirely an offer for sale of 0.80 crore shares of ₹12.00 crore.

Silverpoint Infratech IPO bidding started from Aug 12, 2013 and ended on Aug 14, 2013. The shares got listed on BSE SME on Aug 28, 2013.

Silverpoint Infratech IPO price is ₹15 per share. The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (8000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (16,000 shares), amounting to ₹2,40,000.

Inventure Merchant Banker Services 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 4A Securities Ltd..

Refer to Silverpoint Infratech IPO RHP for detailed Information.

IPO Open

Mon, Aug 12, 2013

IPO Close

Wed, Aug 14, 2013

Issue Price

₹15 per share

Market Cap (Pre-IPO)

₹29.68 Cr

IPO Details

IPO Date12 to 14 Aug, 2013
Listed onWed, Aug 28, 2013
Face Value10 per share
Issue Price₹15 per share
Lot Size8,000 Shares
Sale TypeOFS only
Issue TypeFixed Price IPO
Listing AtBSE SME

Total Issue Size80,00,000 shares
(agg. up to ₹12 Cr)
Reserved for Market Maker
4,16,000 shares
(agg. up to ₹0.6240 Cr)
4A Securities Ltd.
Offer for Sale75,84,000 shares of ₹10
(agg. up to ₹11 Cr)
Net Offered to Public75,84,000 shares
(agg. up to ₹11 Cr)
Share Holding Pre Issue1,97,89,000 shares
Share Holding Post Issue1,97,89,000 shares
BSE Script Code 536073
ISININE890N01019

IPO Timetable

Issue Reservation

Silverpoint Infratech IPO comprises a total issue size of 80,00,000 shares. The net offer to the public is 75,84,000 shares, after excluding 4,16,000 shares allotted on a firm basis. Of the Net offer 37,92,000 (50.00%) allocated to NII 37,92,000 (50.00%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
NII (HNI) Shares Offered 37,92,00050.00%47.40%
Retail Shares Offered 37,92,00050.00%47.40%
Firm Reservations
Market Maker Shares Offered 4,16,0005.20%
Total Shares Offered 80,00,000100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 8,000 shares and in multiples thereof. 

Application Lots Shares Amount
Retail (Min) 1 8,000 ₹1,20,000
Retail (Max) 1 8,000 ₹1,20,000
HNI (Min) 2 16,000 ₹2,40,000
IPO Subscription Details

About Silverpoint Infratech Ltd.

Incorporated in 1997, Silverpoint Infratech Ltd is currently engaged in the providing land development, construction services and other related services for civil & structural construction and infrastructure sector projects.

Company's clients includes Binani Cement Limited, PACL India Limited, Jain Infraprojects Limited, Prakash Constrowell Limited, NKC Projects Private Limited, VKS Projects Limited, Shri Mahavir Ferro Alloys Private Limited and Kivar Infra Private Limited amongst others.

Company Financials ()

Period Ended
Amount in ₹ Crore

Key Performance Indicator (KPI)

KPI
RoNW1.2%
Pre IPOPost IPO
Promoter Holding100%59.57%
Market Cap29.68 Cr.
The Promoters of the Company are:Individual Promoter:
1. Mr. Sanjay Kumar Drolia
2. Mr. Mohan Lal SurekaCorporate Promoters:
3. Saffron Vinimay Private Limited
4. Shivmangal Commercial Private Limited

IPO Review

[Dilip Davda]
As for the merchant banker’s performance, this is the fourth SME issue from their stable and considering their market game in its own parent company and the other mandates listing, one may get some rewards. But current status are not having encouraging trends and hence, investors should AVOID this offer.
Read detail review...

Silverpoint Infratech IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers0001
Members0000

Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses. 0.50
2 Printing & Stationery and Postage Expense 0.10
3 Marketing and Advertisement Expenses 0.05
4 Regulatory fees and other expenses 0.05

Listing Day Trading Information

Price DetailsBSE SME
Final Issue Price15.00
Open13.00
Low12.40
High13.60
Last Trade13.60

Check IPO Performance…

IPO Registrar

Bigshare Services Pvt.Ltd.

Contact Details

Silverpoint Infratech Ltd. Address
301, 3rd Floor, Ananta Bhawan,
94 Vivekanand Nagar,
Near Westbank Hospital, Howrah - 711 109
Howrah, West Bengal
Open an Instant Account with Zerodha

IPO FAQs

Silverpoint Infratech IPO is a SME IPO of 80,00,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.

The IPO opens on Mon, Aug 12, 2013, and closes on Wed, Aug 14, 2013.

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 Silverpoint Infratech IPO using UPI as a payment gateway. Zerodha customers can apply in Silverpoint Infratech IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Silverpoint Infratech IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Silverpoint Infratech IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Silverpoint Infratech IPO opens on Mon, Aug 12, 2013 and closes on Wed, Aug 14, 2013.

Silverpoint Infratech IPO lot size is 8000, and the minimum amount required for application is ₹1,20,000.

You can apply in Silverpoint Infratech 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 Silverpoint Infratech IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Silverpoint Infratech IPO allotment status.

The Silverpoint Infratech IPO listing date is on Wed, Aug 28, 2013.

Compare: