Free Trading + Demat Account

Sarthak Metals Ltd IPO (Sarthak Metals IPO) Detail

Mar 10, 2017 - Mar 17, 2017

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.

Company Promoters:

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

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Lakhs)
30-Sep-16 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 5,500.90 4,898.53 4,717.51 4,022.47 3,666.78 3,062.59
Total Revenue 7,396.25 12,871.74 15,149.36 14,721.78 11,329.24 10,055.25
Profit After Tax (PAT) 246.81 366.55 287.45 260.06 239.01 166.78

Objects of the Issue:

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 Detail:

  »»  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 Reviews:

  1. Sarthak Metals Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeTotal
Shares Offered / Reserved
Day 1 - Mar 15, 2017 17:00 IST2560000
Day 2 - Mar 16, 2017 18:20 IST3776000
Day 3 - Mar 17, 2017 21:00 IST6932000

Sarthak Metals IPO Prospectus

Sarthak Metals IPO Rating

27
2.7
Rating:Rated 2.7 stars

Vote Here ...

Sarthak Metals IPO Listing Date

  •   ›  Listing Date: Monday, March 27, 2017
  •   ›  BSE Script Code: 540393
  •   ›  NSE Symbol:
  •   ›  Listing In: ‘M’ Group of Securities
  •   ›  ISIN: INE017W01010
  •   ›  Issue Price: Rs 30 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 30.00
Rs 29.45
Rs 27.70
Rs 31.40
Rs 30.75
860,000

Sarthak Metals IPO News Alerts

  1. Friday, March 17, 2017 12:00:00 AM
    Sarthak Metals Ltd IPO - Close
  2. Friday, March 10, 2017 12:00:00 AM
    Sarthak Metals Ltd IPO - Open

Company Contact Information

Sarthak Metals Ltd
B.B.C Colony,
G.E. Road, Khursipar,
Bhilai - 490 011
Phone: +91-788-3290584 /2296495
Fax: +91-788-2225874
Email: cs@sarthakmetals.com
Website: http://www.sarthakmetals.com

Sarthak Metals 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

Sarthak Metals IPO Lead Manager(s)

Guaranteed Save 60% to 90% Brokerage + Taxes

Do you know you could reduce the brokerage cost significantly by moving to another stock broker? Our expert team compared top share brokers in India to help investors like you. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

@

Sarthak Metals IPO Review / Comments

avatar
17. Prabhakaran Kuppusamy  May 11, 2017 4:15:24 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Could give healthy returns (CMP:32).
Upmove has started here (downside is very minimal).
Reason why it didn''t move higher is because of the timing of this IPO.
There were lot of companies lined up (on same week) because of which this one is diminished.
avatar
16. IPOANALYSIS  Mar 27, 2017 9:20:07 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
another one. i predicted correctly

sell this otherwise u will be at huge loss.
avatar
16.2. IPOANALYSIS  Mar 27, 2017 10:58:27 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
ITS NOW AT ISSUE PRICE.

i DON''T LIKE GUINESS SME AT ALL AS MOST OF THEM ARE NOT GOOD FOR LONG TERM.

MAYBE OPERATOR GAME NOW.

avatar
16.3. Nitin AA  Mar 29, 2017 12:14:27 AM IST I Like It. | Report Abuse
Sir, today it had a great day...what to do? more rallies?
avatar
15. Solution of Queries  Mar 26, 2017 9:12:11 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
DSR Ji , perfect bid which u done 1 lot 1 application bcz issue already oversubscribed.
avatar
14. IPOANALYSIS  Mar 24, 2017 1:16:10 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Bad fundamentals
Guiness is operator game and they dump shares heavily
Remain cautious and do not apply for weak fundamentals company
avatar
14.1. Jo  Mar 24, 2017 7:38:41 PM IST I Like It. | Report Abuse
Sir pls Give details about Bohra Idustris..aply or not
avatar
14.2. IPOANALYSIS  Mar 25, 2017 1:16:48 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Apply
avatar
13. IPOANALYSIS  Mar 23, 2017 9:30:09 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Guiness other sme in same category Riddhi steel and tube is listing at huge discount to issue price
avatar
12. Hakimuddin lashkerwala  Mar 23, 2017 6:58:58 PM IST I Like It. | Report Abuse
Share credit in my demat wht is listing date
avatar
11. Samir Gohel  Mar 23, 2017 6:41:47 PM IST I Like It. | Report Abuse
Allotment done today

amount deducted from bank account
avatar
10. NARENDRA KOTECHA  Mar 23, 2017 12:51:47 PM IST I Like It. | Report Abuse
sir, give the date of listing
avatar
10.1. Samir Gohel  Mar 23, 2017 6:42:36 PM IST I Like It. | Report Abuse
27/03/2017 listing date
avatar
9. MASTER STROKE  Mar 23, 2017 10:46:25 AM IST I Like It. | Report Abuse

Sir in QIB Category Subscription

Thanks
avatar
8. NPT  Mar 10, 2017 6:18:59 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Dear Moderator,
Please post RHP of the Company.
Thanking you.
avatar
7. IPOANALYSIS  Mar 9, 2017 3:53:24 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
the THREE OPEN SME IFL ENTERPRISE ,SARTHAK METAL AND MANOMAY TEX ARE FUNDAMENTALLY VERY WEAK COMPANIES.

DO NOT APPLY IN ANY OF THEM

MANY BETTER COMPANIES AVAILABLE IN SECONDARY MARKET.

MY PERSONAL FAVOURITES WHICH CAN BE BOUGHT AND GIVE MULTIBAGGER RETURNS

1) JET FREIGHT LOGISTICS
2) AURANGABAD DISTILLERY
3) Fourth dimension
4) lancer container
5)hitech pipe
6) cawasji behramji
7) jiya ecoproducts
8)loyal equipment
9)advance syntex
10)dra consultant

Add above 10 sme in your portfolio for multibagger retruns
avatar
7.2. Hari Om  Mar 10, 2017 10:26:10 AM IST I Like It. | Report Abuse
Hi IPO Analysis,

The above 10 shares as mentioned the IPO will be coming in the coming months or they are already listed, where can I buy those stocks
avatar
7.3. jagadish abbigeri  Mar 21, 2017 9:43:03 AM IST I Like It. | Report Abuse
Hari Om ji, U Can buy it in secondary market, they are already listed companies..
avatar
6. IPOANALYSIS  Mar 9, 2017 3:44:22 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Do remember Guiness SME are highly risky and there past SME in sam sector and much bigger company Riddhi Steel has no buyers.

this stock wil be a crap

Guiness- always stay away from its. do remember there listed ipo/sme have been delisted in past as well.
avatar
5. NPT  Mar 9, 2017 1:24:28 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
We should collectively boycott sme IPOs where same lead managers / registrars are coming out with different SME IPOs where their past performance is unsatisfactory.
Some companies, their Lead Manager /Registrar are coming out with sme IPOs to take advantage of the market sentiments.
Also go through the financials, company background, pending litigation, charge on company assets before taking any investment decision.
Be cautious while applying to sme IPOs of such companies.
avatar
4. DURAISWAMY  Mar 9, 2017 10:21:42 AM IST I Like It. | Report Abuse
BEWARE !AMSONS APPARELS SME IPO AND FUNNY SOFTWARE ARE TRADUNG BELOW ITS FACE VALUE . THE MONEY INVESTED IN IT WERE SALT DISSOLVED IN OCEAN. SO AVOID
avatar
3. IPOANALYSIS  Mar 7, 2017 11:33:05 PM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Guys, please note there financials looks very ditchy and cooked.

please beware of such issues.

last performance of riddhi steel is enough to judge Guiness .

please avoid such type of sme as there is no fundamentals for these type of companies.
avatar
2. IPOANALYSIS  Mar 7, 2017 9:48:08 PM IST I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)

bad bad bad Sme coming for exit by selling shareholders. nothing will be received.

Guiness issues are big Avoid guys. Much bigger company like Riddhi steel and tube offered by guiness are ruling at huge discount



Our Company will not receive any proceeds from the offer for sale by the Selling Shareholders.
The Issue consists of the Fresh Issue by our Company and an Offer for Sale by the Selling Shareholders. The
entire proceeds of the Offer for Sale will be respectively transferred to the Selling Shareholders and will not
result in any creation of value for us or in respect of your investment in our Company.
avatar
1. IPOANALYSIS  Mar 7, 2017 9:40:20 PM IST I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Avoid. do keep in mind Guiness last metal issue in similar industry Riddhi steel and tube is ruling below issue price with no buyers.


most of Guiness issues are very bad and some of them have been delisted as well

please dont apply as if upi get stuck in this one can never get out of it ever.
boycott all Guinsess issues like i do.
special_offers
By Popular Stock Brokers

Intraday @ 0.02%
Delivery @ 0.15%

Rs 0 account opening fee
(Rs 400 waived)


Request Demo

Flat Rs 20 Per Trade
Free Equity Delivery Trades

Rs 100 off on account opening*

Enquire Now
(* on online account opening)

ProStocks Reivew
ProStocks
Flat Fee Broker

Rs 899 Unlimited Equity
Rs 499 Unlimited Curr
or Rs 15 per Trade

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty

FREE Trading + Demat Acct

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading + Demat Acct
(Rs 1150 waived)

Request Call Back

RKSV Discount Broker Review  RKSV

Ditch & Switch

Switch to RKSV and earn brokerage credit of Rs 2000

Get RKSV Trading Account



More About Brokers

Special Offers Broker Reports

Message Board

Stock Message Board


Search Chittorgarh.com:

Translate Chittorgarh.com: