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Salasar Techno Engineering Ltd IPO (Salasar Techno IPO) Detail

Jul 12, 2017 - Jul 17, 2017

Incorporated in 2001, Salasar Techno Engineering Ltd engaged in manufacturing galvanized steel products. Company's products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures, and customized galvanized and non-galvanized steel structures.

Salasar also offers engineering, procurement, and control services for rural electrification, power transmission lines, and solar power plant projects. In addition, the company undertakes civil foundation works, and erection of telecom and transmission towers at site, including painting, as well as EPC turnkey projects for solar mounting structures. STEL’s services include providing complete engineering, procurement and control for projects such as Rural Electrification, Power Transmission Lines, and Solar Power Plants.The company exports its galvanized products to South Africa, Myanmar etc.

Company Promoters:

The promoters of the company are:

1. Mr. Gyanendra Kumar Agarwal,
2. Mr. Alok Kumar,
3. Mr. Shalabh Agarwal and
4. Ms. Tripti Gupta

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. Million)
30-Sep-16 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 1,678.71 1,540.29 1,457.10 1,667.45 1,114.96 989.02
Total Revenue 1,472.79 2,768.14 2,761.20 2,452.23 1,675.12 1,069.75
Profit After Tax 75.39 102.00 46.13 54.99 30.47 64.62

Objects of the Issue:

The object of the issue are:

1. To meet the working capital requirements of the Company including margin money;
2. General Corporate Purpose;
3. To meet the Issue Expenses.

Issue Detail:

  »»  Issue Open: Jul 12, 2017 - Jul 17, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 3,321,000 Equity Shares of Rs 10 aggregating up to Rs 35.87 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 108 Per Equity Share
  »»  Market Lot: 125 Shares
  »»  Minimum Order Quantity: 125 Shares
  »»  Listing At: BSE, NSE

Salasar Techno IPO Reviews:

  1. Salasar Techno Engineering Ltd IPO review by Dilip Davda

Salasar Techno IPO Recommendations:

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Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved01,660,5001,660,5003,321,000
Day 1 - Jul 12, 2017 17:00 IST0.00001.44001.66001.5500
Day 2 - Jul 13, 2017 17:00 IST0.00001.95008.20005.0700
Day 3 - Jul 14, 2017 17:00 IST0.00002.590019.420011.0100
Day 4 - Jul 17, 2017 17:00 IST-478.390058.9200273.0500

Salasar Techno IPO Prospectus

Salasar Techno IPO Rating

1478
4.1
Rating:Rated 4.1 stars

Vote Here ...

Salasar Techno IPO Listing Date

  •   ›  Listing Date: Tuesday, July 25, 2017
  •   ›  BSE Script Code: 540642
  •   ›  NSE Symbol: SALASAR
  •   ›  Listing In: ‘T’ Group of Securities
  •   ›  ISIN: INE170V01019
  •   ›  Issue Price: Rs 108 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 108.00
Rs 259.15
Rs 250.00
Rs 272.10
Rs 259.15
1,091,457
NSE
Rs 108.00
Rs 250.00
Rs 250.00
Rs 262.50
Rs 262.50
729,832

Salasar Techno IPO News Alerts

  1. Tuesday, July 25, 2017 12:00:00 AM
    Salasar Techno Engineering Ltd IPO - Listing
  2. Friday, July 21, 2017 12:00:00 AM
    Salasar Techno Engineering Ltd IPO - Allotment
  3. Monday, July 17, 2017 12:00:00 AM
    Salasar Techno Engineering Ltd IPO - Close
  4. Wednesday, July 12, 2017 12:00:00 AM
    Salasar Techno Engineering Ltd IPO - Open

Company Contact Information

Salasar Techno Engineering Ltd

E-20, South Extension I,
New Delhi-110049
Phone: +91 11 41648566/8577
Fax: NA
Email: compliance@salasartechno.com
Website: http://www.salasartechno.com

Salasar Techno IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Salasar Techno IPO Lead Manager(s)

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Salasar Techno IPO Review / Comments

avatar
1122. IPO EMPEROR  Sep 20, 2017 7:51:51 PM IST I Like It. | Report Abuse
Poot ke paaon paalne mein...still in my portfolio.....got alloted in IPO itself......
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1121. Khadija Arshad  Sep 17, 2017 4:52:13 PM IST I Like It. | Report Abuse
Is Salasar Techo Engineering Ltd SME registered?
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1120. Shine.A.L  Sep 14, 2017 11:38:34 AM IST I Like It. | Report Abuse
Sir what does Lockup Sale means????
Can any one reply????
avatar
1119. R R Patel  Sep 10, 2017 10:31:05 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 2200+ Likes)
Good for long term.
avatar
1118. Deepak G. Agarwal  Aug 21, 2017 3:23:05 PM IST I Like It. | Report Abuse
The One month "lock up sales" is nearing to an end. Notice how on 16th, 17th and 18th August , Salasar 230 to 205.

I believe that the selloff is over. Its a Buy now with a target of Rs 255 in two weeks.

Cheers

avatar
1117. Antony Dick  Aug 18, 2017 1:06:47 AM IST I Like It. 1 | Report Abuse
Is there a chance that this stock will ever rise up in the next few days or weeks? I''m starting to get worried as a new investor, and this stock has been on a downward trend. Should I continue to bear the loses for a month or two or, sell it off? Can somebody please share your opinions?

Thank you.
avatar
1116. R R Patel  Aug 15, 2017 7:04:37 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 2200+ Likes)
Good for long term
avatar
1115. AtulGiri  Aug 8, 2017 4:58:47 PM IST I Like It. | Report Abuse
@Septa, @Khemka
Why Salasar is falling so fast ?
Any particular reason. I was planning to HOLD it for years.
Please suggest ?
avatar
1115.1. Septa  Aug 8, 2017 8:52:12 PM IST I Like It. 7 | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4300+ Likes)
fall is good u can add more as i said earlier i will add more around 200

Thank you,

Septa

Click here to follow my secondary market messages.

avatar
1114. Mahi kataria  Aug 8, 2017 2:43:11 PM IST I Like It. | Report Abuse
My pan no. EMWPK8746K
DID I GET ALLOTMENT
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1113. Thiagarajan Ramasamy  Aug 5, 2017 3:29:16 PM IST I Like It. 1 | Report Abuse
1108.1 Dear Rajkumar, No doubt in T Group all Shares are compulsorily marked for delivery. The point I wish to stress is the quantity traded in the 7 days already exceeded the Issue size. It means Promotors have unloaded some quantity. Those who are holding this share and intend to buy note this point as well.
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1113.1. IPOMantra  Aug 6, 2017 3:24:17 PM IST I Like It. | Report Abuse
Dost last 10 din me Maine 2 bar share transaction kiya , buy kiya listing me , sold on losses and then agin renter. Is it simple , promoter can''t sell, it will happen only through block deal ,
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1112. KING VINOD  Aug 6, 2017 1:12:29 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 800+ Likes)
Don''t buy now wait for correction then invest
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1111. Oinam  Aug 5, 2017 5:10:19 PM IST I Like It. | Report Abuse
How come promoter sell more share? Lockin period is not applicable
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1110. Thiagarajan Ramasamy  Aug 3, 2017 11:35:06 AM IST I Like It. 2 | Report Abuse
SALASAR TECH. Total Issue Size 3321000. Total quantity traded and wholly marked for delivery in the past 7 days 3730341. Three more days the Scrip will stay in T Group. What is in store for Salasar from 08/08/2017 we have to wait and see.
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1110.1. Rajkumar Bhuj  Aug 5, 2017 1:43:48 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Sir pls correct me if I am wrong but in T group all trades will have to take delivery, wouldn''t it?
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1109. AtulGiri  Aug 3, 2017 12:13:27 PM IST I Like It. | Report Abuse
Will it rise after getting out of T segment ??
Hold or sell ?
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1108. Khemka  Jul 27, 2017 10:34:12 AM IST I Like It. 4 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
Hopes all investor exit on timely.bse selling fridge from today

20.2. Khemka Jul 25, 2017 11:48:41 AM IST
Salasar Techno Engineering Ltd IPO

It may not give exiting chance from monday likely
avatar
1108.21. Septa  Aug 8, 2017 1:18:45 PM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4300+ Likes)
very well picked Khemka like always keep contributing whats ur trading strategy for SIS

Thank you,

Septa

Click here to follow my secondary market messages.

avatar
1108.22. Khemka  Aug 8, 2017 1:43:24 PM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
A buy near 800 with stoploss of 750 . nowadays new listing shares attract for operators game within few days of listing .septa you better play after that
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1107. rvr  Aug 1, 2017 8:11:16 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
holding 2 more lots..one lot sold around 270
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1107.2. rvr  Aug 2, 2017 12:52:11 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
different application
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1107.3. DJ dosi  Aug 2, 2017 1:01:02 PM IST I Like It. | Report Abuse
should we apply more lot in 1 application or or 1 lot per application?
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1106. DJ dosi  Aug 2, 2017 12:18:03 PM IST I Like It. | Report Abuse
hi,, we should apply for 1 lot or full lot..from single application?? which one is more beneficial?
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1105. DJ dosi  Aug 2, 2017 12:17:35 PM IST I Like It. | Report Abuse
hi,, we should apply for 1 lot or full lot..from single application?? which one is more beneficial?
avatar
1104. Regulagedda Ambica Prasad  Aug 1, 2017 1:08:00 PM IST I Like It. | Report Abuse
Sasalasar begins its descent. May land at 200 level soon.
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1104.1. ANIL VERMA  Aug 1, 2017 7:24:05 PM IST I Like It. | Report Abuse
It will first touch Rs 300.00 plus minus Rs.5.00. Thereafter, nobody can say what course it takes.
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1104.2. AKH  Aug 1, 2017 7:39:02 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
Before touching 200 that it may hit 350
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1103. ANIL VERMA  Aug 1, 2017 7:28:04 PM IST I Like It. | Report Abuse
From 8th August, Salasar will b trading in B category ie on rollovrr basis. Let us see which way it will move from next tuesday. Chances are it will move up.
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1103.1. AKH  Aug 1, 2017 7:37:33 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
Its 10th
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