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.
The promoters of the company are:
1. Mr. Gyanendra Kumar Agarwal,
2. Mr. Alok Kumar,
3. Mr. Shalabh Agarwal and
4. Ms. Tripti Gupta
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax||75.39||102.00||46.13||54.99||30.47||64.62|
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 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
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||0||1,660,500||1,660,500||3,321,000|
|Day 1 - Jul 12, 2017 17:00 IST||0.0000||1.4400||1.6600||1.5500|
|Day 2 - Jul 13, 2017 17:00 IST||0.0000||1.9500||8.2000||5.0700|
|Day 3 - Jul 14, 2017 17:00 IST||0.0000||2.5900||19.4200||11.0100|
|Day 4 - Jul 17, 2017 17:00 IST||-||478.3900||58.9200||273.0500|
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