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Sprayking Agro Equipment IPO is a fixed price issue of ₹1.86 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹1.86 crore.
Sprayking Agro Equipment IPO bidding started from Aug 31, 2016 and ended on Sep 2, 2016. The shares got listed on BSE SME on Sep 14, 2016.
Sprayking Agro Equipment IPO price is ₹21.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,52,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Sprayking Agro Equipment IPO RHP for detailed Information.
| IPO Date | August 31, 2016 to September 2, 2016 |
| Listing Date | September 14, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹21 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,88,000 shares (aggregating up to ₹1.86 Cr) |
| Reserved for Market Maker | 48,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.1008 Cr) |
| Net Offered to Public | 8,40,000 shares (aggregating up to ₹1.76 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 22,84,769 shares |
| Share Holding Post Issue | 31,72,769 shares |
Sprayking Agro IPO offers total 8,88,000 shares. Out of which 4,20,000 (47.30%) allocated to NII, 4,20,000 (47.30%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 48,000 (5.41%) |
| NII (HNI) Shares Offered | 4,20,000 (47.30%) |
| Retail Shares Offered | 4,20,000 (47.30%) |
| Total Shares Offered | 8,88,000 (100.00%) |
Sprayking Agro Equipment IPO opens on August 31, 2016, and closes on September 2, 2016.
| IPO Open Date | Wed, Aug 31, 2016 |
| IPO Close Date | Fri, Sep 2, 2016 |
| Tentative Listing Date | Wed, Sep 14, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 2, 2016 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,26,000 |
| Retail (Max) | 1 | 6,000 | ₹1,26,000 |
| HNI (Min) | 2 | 12,000 | ₹2,52,000 |
Incorporated in 2005, Sprayking Agro Equipment Limited is engaged in manufacturing of Brass Equipment. Company manufactures and sells agriculture brass components, plumbing and sanitary fittings in India. Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal.They also manufacture Auto and Electrical parts, Fitting Parts, etc made of Brass.
Sprayking Agro is the Leading manufacturer of the Sprayer's parts such as Sprayer, knapsack sprayer, agricultural sprayer, plastic sprayer, garden sprayer, backpack sprayer, hand sprayer, sprayers, pressure sprayer, power sprayer, agriculture sprayer and compression sprayers as well as nut nipples. Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum.It supplies agriculture equipment to industrial users, such as agriculture spray manufacturers and manufacturers of other allied products; and plumbing and other equipment to traders in retail market.
They use brass scrap as raw material which is imported from USA, UK and other European Countries and convert the scrap into finished goods.
The Company Sprayking Agro Equipment 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 | Repayment of uncertain loan availed from Sprayking Agro Equipment | 1.55 |
[Dilip Davda] Based on its earnings the asking price is exorbitant. However, cash surplus risk savvy investors may consider it for long term investment; other may give it a miss. Read detail review...
| Listing Date | September 14, 2016 |
| BSE Script Code | 540079 |
| NSE Symbol | |
| ISIN | INE537U01011 |
| Final Issue Price | ₹21 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹21.00 |
| Open | ₹24.00 |
| Low | ₹21.75 |
| High | ₹24.00 |
| Last Trade | ₹21.80 |
Sprayking Agro Equipment Ltd.
GIDC, Phase II,
Plot No. 590,
Dared
Jamnagar, Gujarat, 361005
Phone: +91 288 2730750
Email: info@spraykingagro.com
Website: http://www.spraykingagro.com
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email: sharexindia@vsnl.com
Website:
Sprayking Agro Equipment IPO is a SME IPO of 8,88,000 equity shares of the face value of ₹10 aggregating up to ₹1.86 Crores. The issue is priced at ₹21 per share. The minimum order quantity is 6000.
The IPO opens on August 31, 2016, and closes on September 2, 2016.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sprayking Agro Equipment IPO using UPI as a payment gateway. Zerodha customers can apply in Sprayking Agro Equipment IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sprayking Agro Equipment IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sprayking Agro Equipment IPO opens on August 31, 2016 and closes on September 2, 2016.
Sprayking Agro Equipment IPO lot size is 6000, and the minimum amount required for application is ₹1,26,000.
You can apply in Sprayking Agro Equipment 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 Sprayking Agro Equipment IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sprayking Agro Equipment IPO allotment status.
The Sprayking Agro Equipment IPO listing date is on Wednesday, September 14, 2016.
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