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South West Pinnacle Exploration Ltd IPO (South West Pinnacle IPO) Detail

February 6, 2018 - February 8, 2018

South West Pinnacle IPO is a book built issue of Rs 35.86 crores.

South West Pinnacle IPO bidding started from February 6, 2018 and ended on February 8, 2018. The allotment for South West Pinnacle IPO was finalized on Wednesday, February 14, 2018. The shares got listed on NSE SME on February 19, 2018.

South West Pinnacle IPO price band is set at ₹76 to ₹78 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹124,800.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the South West Pinnacle IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to South West Pinnacle IPO RHP for detailed information.

South West Pinnacle IPO Details

IPO Date February 6, 2018 to February 8, 2018
Listing Date February 19, 2018
Face Value ₹10 per share
Price Band ₹76 to ₹78 per share
Lot Size 1600 Shares
Total Issue Size4,596,800 shares
(aggregating up to ₹35.86 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Market Maker portion235,200 shares

South West Pinnacle IPO Reservation

South West Pinnacle IPO offers 4,516,800 shares. 857,989 (19.00%) to QIB, 643,096 (14.24%) to NII, 1,498,988 (33.19%) to RII, 80,000 (1.77%) to employees.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered235,200 (5.21%)
QIB Shares Offered857,989 (19.00%)
NII (HNI) Shares Offered643,096 (14.24%)
Retail Shares Offered1,498,988 (33.19%)
Employee Shares Offered80,000 (1.77%)
Total Shares Offered4,516,800 (100%)

South West Pinnacle IPO Timeline (Tentative Schedule)

South West Pinnacle IPO opens on February 6, 2018, and closes on February 8, 2018.

IPO Open Date Tuesday, February 6, 2018
IPO Close Date Thursday, February 8, 2018
Basis of Allotment Wednesday, February 14, 2018
Initiation of Refunds Thursday, February 15, 2018
Credit of Shares to Demat Friday, February 16, 2018
Listing Date Monday, February 19, 2018
Cut-off time for UPI mandate confirmation 5 PM on February 8, 2018

South West Pinnacle IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹124,800
Retail (Max) 1 1600 ₹124,800
Lot Size Calculator

About South West Pinnacle Exploration Ltd

Incorporated in 2006, South West Pinnacle Exploration Limited is a Gurgaon, Haryana based company engaged in the business of providing drilling, exploration and allied services to coal, ferrous, non ferrous, atomic and base metal mining industries and water & unconventional energy industries. Company also provides consultancy for geological field services and allied services. Company has an in-house team of geoscientists for providing integrated exploration services including geophysical logging, surface geophysical & topographic surveys.

Company is also into aquifer mapping for Hydro-geological organisations in India for determining the quantity and quality of groundwater in a particular area, viz., water level, productivity and concentration of various chemicals in groundwater. This helps in identifying zones for groundwater development, groundwater recharge, rainwater harvesting etc.

Company has 37 operational rigs. Company drill upto a depth of 2500 meters and has completed more than 950,000 meters of drilling including 60 CBM exploratory and 166 CBM production wells for both Government and Private Sectors.

Objects of the Issue (South West Pinnacle IPO Objectives)

Company is intend to utilize the Net Proceeds towards the following objects:

1. Repayment/ Prepayment of certain Secured Borrowings availed by our company
2. Repayment/ Prepayment of certain Unsecured Borrowings availed by the company;
3. Purchase of Machinery;
4. Funding the working capital requirements of the Company;
5. General Corporate Purposes.

South West Pinnacle IPO Review (Apply)

[Dilip Davda]  

Considering push for infra projects that will augur well for this company, investment may be considered for short to long term.

Read detail review...


South West Pinnacle IPO Subscription Status (Bidding Detail)

The South West Pinnacle IPO is subscribed 29.42 times on February 8, 2018 5:00:00 PM. The public issue subscribed 11.70 times in the retail category, 18.04 times in the QIB category, and 144.16 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB18.04
NII144.16
Retail11.70
Employee2.82
Total29.42

South West Pinnacle IPO Prospectus

South West Pinnacle IPO Rating

90
3.9
Rating:Rated 3.9 stars
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South West Pinnacle IPO Listing Details

Listing Date February 19, 2018
BSE Script Code
NSE Symbol SOUTHWEST
ISIN INE980Y01015
Final Issue Price ₹78 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹78.00
₹93.60
₹75.50
₹93.60
₹88.30

Check IPO Performance…

South West Pinnacle Exploration Ltd Contact Details

South West Pinnacle Exploration Ltd
Siddhartha House,
4th Floor, Plot No. 6,
Sector 44, Gurgaon
Phone: +91 124 4235400
Email: investors@southwestpinnacle.com
Website: http://www.southwestpinnacle.com/

South West Pinnacle IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: swpel.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

South West Pinnacle IPO - Buy or Not

South West Pinnacle IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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South West Pinnacle IPO FAQs

South West Pinnacle IPO is a SME IPO of 4,596,800 equity shares of the face value of ₹10 aggregating up to ₹35.86 Crores. The issue is priced at ₹76 to ₹78 per share. The minimum order quantity is 1600 Shares.

The IPO opens on February 6, 2018, and closes on February 8, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The South West Pinnacle IPO opens on February 6, 2018 and closes on February 8, 2018.

South West Pinnacle IPO lot size is 1600 Shares, and the minimum amount required is ₹124,800.

You can apply in South West Pinnacle IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for South West Pinnacle IPO will be done on Wednesday, February 14, 2018, and the allotted shares will be credited to your demat account by Friday, February 16, 2018. Check the South West Pinnacle IPO allotment status.

The South West Pinnacle IPO listing date is on February 19, 2018.
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South West Pinnacle IPO Message Board

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149 Comments

87. Montu Tailor |   Link |  Bookmark |February 23, 2018 1:49:39 PM
Subject to 1000 Now.. WOW
86. Kuvadva.... |   Link |  Bookmark |February 22, 2018 12:52:05 PM
Can I do intraday trading in This share. Or it is in Trade to trade??
85. DownriteVJ |   Link |  Bookmark |February 19, 2018 10:32:20 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
87.45
85.1. Kuvadva.... |   Link |  Bookmark |February 22, 2018 12:50:33 PM
Downrite ..
Please tell what are the rules for NSE SME.. same rules for Tasty dairy applies here or not??
84. Ipovale |   Link |  Bookmark |February 19, 2018 7:34:05 PM
Please suggest what should be done with this ipo , have 1 lott
84.1. SecTheta |   Link |  Bookmark |February 19, 2018 8:08:59 PM
If you''re comfortable, hold it for long term else sell it. Simple.
83. MSB |   Link |  Bookmark |February 19, 2018 3:10:46 PM
Closed @ 90..
Good close today..
82. Ipovale |   Link |  Bookmark |February 17, 2018 5:38:04 PM
Uc implies 14 rs premium?
81. Saloni Cons. |   Link |  Bookmark |February 17, 2018 4:27:19 PM
UC CONFIRM
80. Saloni Cons. |   Link |  Bookmark |February 17, 2018 4:21:03 PM
GMP 12 / 14
79. Gupta ji |   Link |  Bookmark |February 17, 2018 2:35:58 PM
Any gmp please tell any one
78. jignesh.elect |   Link |  Bookmark |February 17, 2018 6:26:53 AM
allotment msg received from NSC & NSDL also but not shown in HDFC demat. what is problem?
78.1. S Patel |   Link |  Bookmark |February 17, 2018 9:22:28 AM
wait till monday morning before listing.. it will come
77. MSB |   Link |  Bookmark |February 16, 2018 3:35:15 PM
1600 shares of SOUTH WEST PINNACLE EXPLORATION credited to your demat a/c xxxx8768 on 16/02/18 in respect of Public Offer. NSDL
1600 shares of SOUTH WEST PINNACLE EXPLORATION credited to your demat a/c xxxx2865 on 16/02/18 in respect of Public Offer. NSDL
Pls any expert suggest me to decide what to do post listing..
76. an Investor |   Link |  Bookmark |February 15, 2018 6:25:30 PM (200+ Posts)
No man, 0/3. Not getting allotment from long time. Anyone has idea about if we can buy any already listed SMEs which are good buy?
76.3. S T |   Link |  Bookmark |February 16, 2018 9:00:06 AM
@AJT: Shradha Infra stock toh kitne dino se movement hiii nahi ho rahaa.. During Bull market, it went down from issued price of Rs. 70/- to 63/- now.. What to say about this??
76.4. AJT |   Link |  Bookmark |February 16, 2018 9:54:15 AM
@ST, here are the rationale for investing in Shradha Infra, which have been overlooked by people in general. Shradha Infra is a zero debt, cash rich, profit making and well established real estate company. Zero debt and cash rich realty companies are hard to find. It is a multibagger combination. It is promoted by Raisoni Group, a well established business conglomerate and so the risks associated with SMEs are less in case of Shradha. SMEs in general do not have this kind of financial back up from promoters. Don’t just go by GMP and subscription alone. I find that the risk is very less with Shradha and there is good probability that it can become a multibagger in few years time.
75. IPO VIRUS |   Link |  Bookmark |February 16, 2018 8:54:15 AM
0/7 very sad
74. SecTheta |   Link |  Bookmark |February 15, 2018 7:31:11 PM
Kisi ke hisse mein mohini aaya kisi ke hisse me Sintercom,
Main yahan time waste karta Raha, hota Raha naakam... :D
74.5. Sinewave |   Link |  Bookmark |February 15, 2018 10:30:08 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Same thing bro.

Unhappy

Zero allotment out of Seven.

Big disappointment in SME.

only time wastage.

Useless discussion on closing day.

Raja Rajasthani earlier
74.6. SecTheta |   Link |  Bookmark |February 15, 2018 10:31:23 PM
You''re Raja Rajasthani?
73. Ficpl |   Link |  Bookmark |February 15, 2018 10:28:09 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
http://www.alararesources.com/irm/content/top-20-shareholders.aspx?RID=303

Promoters also have stake in Amara resources .

I think 1 UC is confirmed and need to check the demand on the second day .
72. Sinewave |   Link |  Bookmark |February 15, 2018 10:28:07 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Unhappy

Zero allotment out of Seven.

Big disappointment in SME.

only time wastage.
71. SecTheta |   Link |  Bookmark |February 15, 2018 9:49:55 PM
Time to shift to DAIRY... Umeend Abhi baaki hai... :P
70. MSB |   Link |  Bookmark |February 15, 2018 9:42:14 PM
pls suggest what to do now.
Can hold or sell on listing..
Bit confused...
69. MSB |   Link |  Bookmark |February 15, 2018 9:35:39 PM
OMG
GOT 2 out of 2.....!!!!!
68. SMEGuru |   Link |  Bookmark |February 15, 2018 7:36:08 PM
1/1

Any GMP ?
68.2. AJT |   Link |  Bookmark |February 15, 2018 7:40:46 PM
GMP 32000 if the market is good.
68.3. AJT |   Link |  Bookmark |February 15, 2018 9:09:33 PM
Sorry. GMP 24000 to 26000 for South West. GMP 32000 for Mohini.