Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Mon, Sep 29, 2014 - Fri, Oct 10, 2014
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 29, 2014
IPO Close
Fri, Oct 10, 2014
Issue Price
₹18 per share
Market Cap (Pre-IPO)
₹11.01 Cr
| IPO Date | 29 Sep to 10 Oct, 2014 |
| Listed on | Wed, Oct 22, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 16,40,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 88,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.1584 Cr) |
| Fresh Issue (Ex Market Maker) | 15,52,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 15,52,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 44,75,893 shares |
| Share Holding Post Issue | 61,15,893 shares |
| BSE Script Code | 538733 |
| ISIN | INE909P01012 |
Starlit Power Systems IPO comprises a total issue size of 16,40,000 shares. The net offer to the public is 15,52,000 shares, after excluding 88,000 shares allotted on a firm basis. Of the Net offer 7,76,000 (50.00%) allocated to NII 7,76,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,76,000 | 50.00% | 47.32% |
| Retail Shares Offered | 7,76,000 | 50.00% | 47.32% |
| Firm Reservations | |||
| Market Maker Shares Offered | 88,000 | 5.37% | |
| Total Shares Offered | 16,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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 |
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.
| 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 | Working Capital Requirement | 2.30 |
| 2 | General Corporate Purposes | 0.20 |
| KPI | |
|---|---|
| RoNW | 0.44% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 52.59% | 38.49% |
| Market Cap | ₹11.01 Cr. |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.38 |
| 2 | Regulatory fees & Other Expenses | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹18.10 |
| Low | ₹18.10 |
| High | ₹18.95 |
| Last Trade | ₹18.95 |
Lead Manager Reports
Starlit Power Systems IPO is a SME IPO of 16,40,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on Mon, Sep 29, 2014, and closes on Fri, Oct 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 Mon, Sep 29, 2014 and closes on Fri, Oct 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 Wed, Oct 22, 2014.
