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Supershakti Metaliks Limited IPO (Supershakti Metaliks IPO) Detail

Jul 17, 2018 - Jul 20, 2018

Incorporated in 2012, Kolkata based Supershakti Metaliks Limited is a company engaged in the business of providing diversified products of steel. The company forms part of Sai Group which has carved itself into a well-known group and established it's goodwill in the iron and steel manufacturing industry. The company's manufacturing plant is located in Durgapur.

The Company enjoys a wide product range with diverse applications across downstream sectors. It possesses multiple manufacturing processes within the Plant with the ability to address customer orders with shrinking turnaround time. The Company has the widest range of products enabling it to cater to a wide spectrum of applications across the industries and balancing it out from market volatilities.

The company has 376 employees on its payroll.

Company Promoters:

The promoters of the company are:
1. Mr. Dilipp Agarwal (Individual Promoter)
2. Mr. Deepak Agarwal (Individual Promoter)
3. Veerbhadra Sales Private Limited (Corporate Promoter)
4. Khandelwal Finance Private Limited (Corporate Promoter)

The Promoters hold (in aggregate) 12,54,536 Equity Shares, representing up to 25.28% of the issued, subscribed and paid-up Equity Share capital of the Company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 11,902.75 16,699.84 16,699.84 0.68 0.80
Total Revenue 36,008.73 30,102.41 24,566.87 -- --
Profit After Tax 1,238.08 57.84 71.85 (0.12) (0.12)

Objects of the Issue:

The Issue comprises of a Fresh Issue and an Offer for Sale by the Promoters.
The Company will not receive any proceeds of the Offer for Sale by the Promoters and Promoter Group Selling
Shareholders.
The objectives of the fresh issue are:
(a) Working Capital Requirements;
(b) Funding expenditure for General Corporate Purposes

Issue Detail:

  »»  Issue Open: Jul 17, 2018 - Jul 20, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,600,200 Equity Shares of Rs 10 aggregating up to Rs 60.01 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 375 Per Equity Share
  »»  Market Lot: 300 Shares
  »»  Minimum Order Quantity: 300 Shares
  »»  Listing At: BSE SME

Supershakti Metaliks IPO Reviews / Recommendations:

Dilip Davda - Other

 

Supershakti Metaliks IPO Subscription Status / Live Bidding Status

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Supershakti Metaliks IPO Prospectus

Supershakti Metaliks IPO Rating

27
3.0
Rating:Rated 3.0 stars

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Supershakti Metaliks IPO News Alerts

  1. Friday, July 20, 2018 12:00:00 AM
    Supershakti Metaliks IPO Closes on Jul 20, 2018
  2. Tuesday, July 17, 2018 12:00:00 AM
    Supershakti Metaliks IPO Opens on Jul 17, 2018

Company Contact Information

Supershakti Metaliks Limited
39, Shakespeare Sarani,
3rd Floor, Kolkata
West Bengal - 700017
Phone: +91 33 2289 2734/35
Fax: +91 33 2289 2736
Email: info@ssml.in
Website: http://www.supershaktimetaliks.com/

Supershakti Metaliks 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

Supershakti Metaliks IPO Lead Manager(s)

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Supershakti Metaliks IPO Review / Comments

avatar
5. Abhishek Shahi  Jul 17, 2018 10:51:26 AM I Like It. | Report Abuse Reply
over valuation
avatar
4. kingsuper  Jul 14, 2018 11:33:21 PM I Like It. | Report Abuse Reply
Avoid This ipo 100% loss
avatar
3. hbk  Jul 10, 2018 7:54:36 PM I Like It. 5 | Report Abuse Reply
1. OFS plus Fresh issue
2. 21 times jump in PAT in last year, inspite of just 20% increase in Sales
3. Asking Price Rs. 375 (for SME)
4. Aryaman is LM
5. Listing on BSE Platform

Enough reasons to AVOID
avatar
3.1. SRINIVAS MOORTHY  Jul 14, 2018 9:03:06 AM I Like It. | Report Abuse
Having assets worth 112 crs , it has coem down from 166 cr of 2017 , IS the asset sales resulted to jump in profit ?
avatar
3.2. IPOANALYSIS  Jul 14, 2018 12:15:16 PM I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
They do it as pe is calculated .Mostly on latest earning . This is a plan to do it just before coming up with Ipo. Simply avoid. This is such a large issue that it will be easily available around issue price and therefore no use to apply at all.
avatar
2. IPOANALYSIS  Jul 11, 2018 11:53:03 AM I Like It. 2 | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
No matter how much pe they show by showing high profit this quarter this one is clear avoid. Even if it would have come below 100 rs issue I would not have applied. How come they try to get to that price is surprising. Again LM and underwriter will need to forcefully get issue subscribed
avatar
1. IPOANALYSIS  Jul 10, 2018 9:30:25 PM I Like It. 2 | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
Wah just before IPO the profits jumped at that rate. Clearly to lower pe. Never seen such jump ever. What a cooked financials.
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