Incorporated in 1995, Sarthak Metals Ltd is engaged into manufacturing of wide variety of Cored wires, Aluminum Flipping coils, and Industrial Oxygen gas having wide application in various industries including Steel plants, Fabrication units, and foundries. They are also engaged in the business of trading of iron & steel and carbon dioxide gas.
They manufacturers and suppliers of wire feeder machines that are known for drawing wires of 9 mm to 15 mm diameter. Company's major suppliers include Bharat Aluminium Co. Ltd, Bhushan Power & Steel Limited, Sino Metal International Limited etc. They are headquartered at Bhilai, Chhattisgarh and currently have two manufacturing units located at Bhilai and Raipur.
The Promoters of the company are:
1. Mr. Anoop Kumar Bansal
2. Mr. Manoj Kumar Bansal
3. Mr. Kishore Kumar Bansal
4. Mr. Sanjay Shah
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax (PAT)||246.81||366.55||287.45||260.06||239.01||166.78|
The Objects of the offer are:
1. To repay existing working capital facilities of Company;
2. To meet the part of General Corporate Purpose; and
3. To meet the expenses of the Offer.
»» Issue Open: Mar 10, 2017 - Mar 17, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 3,636,000 Equity Shares of Rs 10 aggregating up to Rs 10.91 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 30 Per Equity Share
»» Market Lot: 4000 Shares
»» Minimum Order Quantity: 4000 Shares
»» Listing At: BSE SME
Sarthak Metals IPO Subscription Status tells if Sarthak Metals IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Sarthak Metals IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||Total|
|Shares Offered / Reserved|
|Day 1 - Mar 15, 2017 17:00 IST||2,560,000|
|Day 2 - Mar 16, 2017 18:20 IST||3,776,000|
|Day 3 - Mar 17, 2017 21:00 IST||6,932,000|
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