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Starlit Power Systems IPO is a fixed price issue of ₹2.95 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹2.95 crore.
Starlit Power Systems IPO bidding started from Sep 29, 2014 and ended on Oct 10, 2014. The shares got listed on BSE SME on Oct 22, 2014.
Starlit Power Systems IPO price is ₹18.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,88,000.
Sarthi Capital 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 Choice Equity Broking Pvt.Ltd..
Refer to Starlit Power Systems IPO RHP for detailed Information.
| IPO Date | September 29, 2014 to October 10, 2014 |
| Listing Date | October 22, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,40,000 shares (aggregating up to ₹2.95 Cr) |
| Reserved for Market Maker | 88,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.1584 Cr) |
| Net Offered to Public | 15,52,000 shares (aggregating up to ₹2.79 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 44,75,893 shares |
| Share Holding Post Issue | 61,15,893 shares |
Starlit Power IPO offers total 16,40,000 shares. Out of which 7,76,000 (47.32%) allocated to NII, 7,76,000 (47.32%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 88,000 (5.37%) |
| NII (HNI) Shares Offered | 7,76,000 (47.32%) |
| Retail Shares Offered | 7,76,000 (47.32%) |
| Total Shares Offered | 16,40,000 (100.00%) |
Starlit Power Systems IPO opens on September 29, 2014, and closes on October 10, 2014.
| IPO Open Date | Mon, Sep 29, 2014 |
| IPO Close Date | Fri, Oct 10, 2014 |
| Tentative Listing Date | Wed, Oct 22, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 10, 2014 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Starlit Power Systems Limited (SPSL) belongs to diversified Starlit Group. It is engaged in Smelting of Battery & Lead Scrap, manufacture, supply and export of pure lead, different Lead Alloys like Calcium Aluminum alloy Antimonial Alloy and Selenium Alloy, Lead Oxides like Lead Sub Oxide and Red Lead. SPSL has the smelting capacity of 15000 MT per annum and refining/alloying capacity of over 12000 MT per annum with technical capacity to convert assorted heterogeneous lead scrap into pure lead of up to 99.98 % purity.
It uses its captive producer gas as a fuel for all smelting and refining operations thereby considerably reducing dependence on Hydro-carbons like furnace oil and diesel. The biomass gassifier technology is Developed by TERI and approved by Ministry of New & Renewable Energy, Government of India.
Recently, SPSL has commissioned its battery project with the capacity to produce 10,000 batteries for automotive and inverter applications. Lead being an essential input in battery manufacturing and comprising over two-third of the battery cost, for this forward integration of converting the Company produced lead into batteries was a logical step forward for the Company. This project has gone on stream in July, 2014.
The Company Starlit Power Systems 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 | 2.30 |
| 2 | General Corporate Purposes | 0.20 |
| 3 | Issue Expenses | 0.45 |
[Dilip Davda] <p>Avoid this costly bet that also has entry barrier on application as well as on trading post listing.</p> <p>(Disclaimer: Author has no plans to invest in this IPO)</p> Read detail review...
| Listing Date | October 22, 2014 |
| BSE Script Code | 538733 |
| NSE Symbol | |
| ISIN | INE909P01012 |
| Final Issue Price | ₹18 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹18.10 |
| Low | ₹18.10 |
| High | ₹18.95 |
| Last Trade | ₹18.95 |
Starlit Power Systems Ltd.
A – 1/20,
LGF,
Safdarjung Enclave,
Delhi, New Delhi, 110029
Phone: (011) 26102570
Email: info@starlitlead.com
Website: http://www.starlitlead.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Starlit Power Systems IPO is a SME IPO of 16,40,000 equity shares of the face value of ₹10 aggregating up to ₹2.95 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on September 29, 2014, and closes on October 10, 2014.
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 Starlit Power Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Starlit Power Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Starlit Power Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Starlit Power Systems IPO opens on September 29, 2014 and closes on October 10, 2014.
Starlit Power Systems IPO lot size is 8000, and the minimum amount required for application is ₹1,44,000.
You can apply in Starlit Power Systems 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 Starlit Power Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Starlit Power Systems IPO allotment status.
The Starlit Power Systems IPO listing date is on Wednesday, October 22, 2014.
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