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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:

Nirmal Bang - Subscribe
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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

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Salasar Techno IPO News Alerts

  1. Friday, July 21, 2017 12:00:00 AM
    Salasar Techno Engineering Ltd IPO - Allotment
  2. Monday, July 17, 2017 12:00:00 AM
    Salasar Techno Engineering Ltd IPO - Close
  3. 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

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902. Dev Chaudhary  Jul 23, 2017 10:00:37 AM IST I Like It. | Report Abuse Reply
जिन मेंबर्स ने SBi ASBA से एप्लीकेशन लगाई थी और पहले दिन लगाई हो उनका कैसा Experience रहा एलॉटमेंट मे कृपा करके बताये??
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902.2. DGGuj  Jul 23, 2017 12:01:49 PM IST I Like It. | Report Abuse
two application...SBI ASBA... NOT ALLOTTED....
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902.3. ANAND PARMAR  Jul 23, 2017 12:10:18 PM IST I Like It. | Report Abuse
Areee experience ki kya baat kar rahe ho aabhitak paisa bhi unblock nai huwaaa hai
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901. Nkc  Jul 23, 2017 12:07:32 PM IST I Like It. | Report Abuse Reply
Any SBI unblock fund please inform .
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900. CA Amit  Jul 21, 2017 10:46:54 PM IST I Like It. 3 | Report Abuse Reply
LAST FOUR IPO RESULT, APPLIED 8 APPLICATIONS EACH....HUDCO 3, CDSL 4, AU 1( APPLIIED 2) AND SALASAR 1
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900.8. bhagan Kisku  Jul 22, 2017 6:11:25 PM IST I Like It. | Report Abuse
hi amit, if I have understood u correctly, u have applied 5 from sbi and 3 from bob !!!
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900.9. DSR  Jul 23, 2017 11:49:05 AM IST I Like It. | Report Abuse
Yu must be using 8 different PAN and 8 demat accounts... right?
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899. Shubham Agrawal  Jul 22, 2017 11:08:41 PM IST I Like It. | Report Abuse Reply
Is it Trade to Trade?
can we buy on listing.???
I am totally Confused with this news
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899.1. PSR  Jul 23, 2017 11:38:06 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Yes. You can buy any number of shares.

However the same cannot be sold on the same day.
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898. Shamsher Singh Rana  Jul 23, 2017 11:23:00 AM IST I Like It. | Report Abuse Reply
Plz. give me the link, where to check the allotment status...?
It will be very kind of you
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897. we earn  Jul 23, 2017 10:57:39 AM IST I Like It. 1 | Report Abuse Reply
We all know stock will list on t segment but first day of stock list with the a premium than 5% of circuit filters applied to stock and not a mandatory the stock not gone after 5% gain after 5% stock will stop for shorter time and then after gone up and then gain of 5% then circuit applied.....so there is the no d2d 5% circuit
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896. Dev Chaudhary  Jul 23, 2017 9:40:50 AM IST I Like It. | Report Abuse Reply
भाई साहब यकीन मानिये कुछ धुरंधर अभी भी bigshare की लिए पड़े है!
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895. Rajkumar Bhuj  Jul 23, 2017 9:40:50 AM IST I Like It. | Report Abuse Reply
@Experts...
can you please suggest if one should sell it at the current GMP of 93 (108 + 93... gains 11625/-) or should one hold it for more gains once it comes out of T group after 10 days?
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894. Rajkumar Bhuj  Jul 23, 2017 9:39:06 AM IST I Like It. | Report Abuse Reply
Salasar current GMP - 93 (93 * 125 = 11625/-) :D
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893. Dev Chaudhary  Jul 23, 2017 9:33:57 AM IST I Like It. 2 | Report Abuse Reply
भाइयो जिसे भी अलॉटमेंट हुआ है उन सब को बधाई!
लेकिन बार बार लिस्टिंग प्राइस पूछ कर उन लोगों के जख्मो पर नमक भी न छिड़को जिनको अलॉटमेंट नही हुआ है!
किसी भी प्राइस पर लिस्ट होगा ये तो पक्का है कि प्रॉफिट ही देगा तो टेंशन न लो और न दो!
#समय बलवान
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892. DIVU  Jul 23, 2017 9:07:50 AM IST I Like It. | Report Abuse Reply
Dear Eagle,Eagleeye,Septa sir,
What will be the listing price & target of Salasar....
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891. m s mehar baba  Jul 23, 2017 8:59:00 AM IST I Like It. | Report Abuse Reply
Mr shubham agarwal
The issue size is below 250 crores
A price band of 5% will be applicable (5% from the equilibrium price
The stock will trade "trade for trade" segment for 10 trading days after that 20% price band will be applicable
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890. ShareView  Jul 14, 2017 12:22:07 PM IST I Like It. 3 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1400+ Likes)
GMP 82-84
Only buyers , no sellers
Application 5000-6000 subject to allotment

TARGET - 300
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890.1. kishan modi  Jul 23, 2017 8:34:56 AM IST I Like It. | Report Abuse
Salasar me profit book kis rate par karni chahiye.???
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889. HI I M NITIN  Jul 22, 2017 10:02:42 PM IST I Like It. | Report Abuse Reply
This message has been removed by a moderator.
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888. sharad  Jul 22, 2017 8:52:58 PM IST I Like It. 1 | Report Abuse Reply
Many magzines r showing only 40 rupees premium so I don''t thiknow it can be circuit what is others view
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887. The Force  Jul 22, 2017 8:02:34 PM IST I Like It. | Report Abuse Reply
can we buy on linsting day ?
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887.1. Parasborichaipo  Jul 22, 2017 8:21:21 PM IST I Like It. | Report Abuse
You can''t by because it''s open in upper circuit
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886. Parasborichaipo  Jul 22, 2017 8:18:29 PM IST I Like It. 2 | Report Abuse Reply
Listing date of Salsar?
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885. aasad  Jul 22, 2017 7:27:45 PM IST I Like It. | Report Abuse Reply
Amount is block but allotment states not showing no mail or sms received .
other 3 account amount released but 1 account amount steel block share allotted or not
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884. Nkc  Jul 22, 2017 6:49:09 PM IST I Like It. | Report Abuse Reply
Anybody unblock fund in SBI please inform
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884.1. Chinneee  Jul 22, 2017 7:04:41 PM IST I Like It. | Report Abuse
Yes unblocked
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883. Rasik Vadilal Dagli  Jul 22, 2017 5:40:16 PM IST I Like It. 2 | Report Abuse Reply
I repeatedly tried to open Website of Bigshare but failed. I have never seen such a hopeless Website. If Bigshare is not able to manage any IPO they should close their business and go home so that Investors are not harassed.
Rasik Dagli
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883.1. Pkschd  Jul 22, 2017 5:47:44 PM IST I Like It. | Report Abuse
Yes. Site still not available/working !
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