Crown Lifters Limited IPO (Crown Lifters IPO) Detail

Sep 9, 2016 - Sep 19, 2016

Incorporated in 2002, Crown Lifters Ltd. (CLL) is one of the professional construction equipment hire Company. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal. Company has a fleet of cranes, which includes crawler cranes with lattice boom, all terrain cranes with telescopic boom, rough terrain, pilling rigs, man lifts, etc.

CLL has contracts with customers in duration of ranges from 3 to 12 months. The company serves refinery, power, cement, transportation, ports, and infrastructure companies. Visit chittorgarh.com for more detail. Over the last three decades it has successfully worked with some of the leaders in the engineering and construction industry like Reliance Industries Limited, Larsen & Turbo Limited, BHEL, Ultratech Cement Limited, Tata Projects Limited etc.

Company Promoters:

The promoters of the company are:

1. Mr. Karim Kamruddin Jaria

Objects of the Issue:

The object of the issue are to:

1. For purchase of KOBELCO Hydraulic Crawler Crane (Model-CKL2600i)
2. Issue Expenses

Crown Lifters IPO Details

IPO DateSep 9, 2016 - Sep 19, 2016
Issue TypeFixed Price Issue IPO
Issue Size552,000 Eq Shares of ₹10
(aggregating up to ₹6.68 Cr)
Face Value₹10 Per Equity Share
IPO Price₹121 Per Equity Share
Market Lot1000 Shares
Min Order Quantity1000 Shares
Listing AtNSE SME

Crown Lifters IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum11000₹121,000
Maximum11000₹121,000

Crown Lifters IPO Prospectus

Crown Lifters IPO Rating

28
3.5
Rating:Rated 3.5 stars

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Crown Lifters IPO Listing Date

Listing DateTuesday, September 27, 2016
BSE Script Code
NSE SymbolCROWN
Listing In
ISININE491V01019
IPO Price₹121 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹121.00
Open:₹122.80
Low:₹107.00
High:₹122.80
Last Trade:₹109.00
Volume:58,000

Crown Lifters IPO Reviews / Ratings

Company Contact Information

Crown Lifters Limited
104, Raheja Plaza,
Veera Desai Road,
Andheri (W), Mumbai - 400053

Phone: +91 22 26742122/ 2829
Email: admin@crownlifters.com
Website: http://www.crownlifters.com

Crown Lifters IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Crown Lifters IPO FAQs

  1. 1. What is Crown Lifters IPO?

    Crown Lifters IPO is a SME IPO of 552,000 equity shares of the face value of ₹10 aggregating up to ₹6.68 Crores.

    The issue price of the IPO is ₹121 Per Equity Share. The minimum order quantity is 1000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Sep 9, 2016 and closes on Sep 19, 2016.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

  2. 2. When Crown Lifters IPO will open?

    The Crown Lifters IPO opens on Sep 9, 2016 and closes on Sep 19, 2016.

  3. 3. How to apply for Crown Lifters IPO?

    Crown Lifters IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Crown Lifters IPO allotment?

    The finalization of Basis of Allotment for Crown Lifters IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Crown Lifters IPO allotment status.

  5. 5. When is Crown Lifters IPO listing date?

    The Crown Lifters IPO listing date is on Tuesday, September 27, 2016, at NSE SME.
  6. 6. What is the lot size of Crown Lifters IPO?

    Crown Lifters IPO lot size is 1000 Shares and the minimum order quantity is 1000 Shares.

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Crown Lifters IPO Review / Comments

DADA
40. DADA  Oct 18, 2016 22:59
Are HIN, NII, QIB''s eligible for INTRADAY trading on listing day of IPO ??
BADAYA
39. BADAYA  Sep 29, 2016 15:09
**** company.......close all your dealings with it
meet
38. meet  Sep 28, 2016 09:11
Wait for 1 to 3 week let him settled...
After weak hand selling it starts to move upside till 150-170

Don''t sell in panic wait and hold
SONMAYA
37. SONMAYA  Sep 27, 2016 17:47
Top Contributor Top Contributor (300+ Posts)
Dear STOCKT....KDLY GO TO MSG NO.30.......IN CROWN LIFTER....
In which u hv stated........
IT WILL HIT UC..TOMMO.
U HV ALSO STATED THAT IT WILL REACH 300
IN SOME TIME.
U HV ATIMESTATED THAT BUY BUY BUY
IF V GET CHANCE.....
STOCKT
37.1. STOCKT  Sep 27, 2016 21:20
wait for some time. have patience.

i will show you it go higher in coming time. its a excellent company for long term.
just panicking reaction when people try to sell on listing day. it will stabilize and then move higher.
KAJLA
36. KAJLA  Sep 27, 2016 15:14
WHAT IS STOCKT JI YOUR TARGET OF 300 NOW IT IS TRADING AT 107
STOCKT
36.1. STOCKT  Sep 27, 2016 15:30
DO U EXPECT IT TO GO TO 300 ON DAY 1.

GIVE IT SOME TIME. EVEN SHEMAROO ENT AND OTHER SUPERB STOCKS HAVE LISTED AT DISCOUNT AND ARE NOW TRIPLE THE ISSUE PRICE.

THE ONLY THING THAT IS DISAPPOINTING AND BAD IS WHEN U CAN EASILY GET SME AT BELOW ISSUE PRICE ON LISTING DAY THEN NO USE TO APPLY RATHER TAKE A CALL POST LISTING IF NEEDED.

ANYWAY HOLD FOR LONG TERM GAIN. THIS WILL REWARD.ONLY PANICK REACTION ON DAY 1.
SONMAYA
35. SONMAYA  Sep 27, 2016 15:09
Top Contributor Top Contributor (300+ Posts)
Dear STOCKT.....WHERE R U ...wt to do in Crown lifter......Now........
STOCKT
34. STOCKT  Sep 27, 2016 10:36
Good recovery. Stock to enter positive zone. Big clients low pe. Dilip davda recomended price justified .a long term bet .will double in less than a year
Dinesh Analyst
34.1. Dinesh Analyst  Sep 27, 2016 11:43
to aap bhi sell ker do upper circuit per ok
STOCKT
34.2. STOCKT  Sep 27, 2016 14:55
hahah

HUSYS HAS HIT 2 UPPER CIRCUITS NOW. U GOT SUPERB RETURNS
Dinesh Analyst
33. Dinesh Analyst  Sep 27, 2016 09:29
Hexadecimal
32. Hexadecimal  Sep 27, 2016 09:02
It seems someone has not got alloted any shares, that''s why he wants to depress price so that operators can accumulate at lower level.
As objective of this issue is mainly capex i.e. buying of Crane which will benefit the company in next 3 months onwards
Dinesh Analyst
31. Dinesh Analyst  Sep 27, 2016 06:48
Crown lifter is very common business model and a lot of companies are available in this field and the margin are very low so market never like this type of business so pls sell on listing day never think about sell becoz it is available @70 so sell all you holding on listing day
STOCKT
30. STOCKT  Sep 27, 2016 00:18
On performance front, for last three fiscals, the company has posted turnover / net profit of Rs. 14.40 cr. / (Rs. - 0.11 cr.) (FY14), Rs. 16.15 cr. / Rs. 1.20 cr. (FY15) and Rs. 21.76 cr. / Rs. 2.49 cr. (FY16). Thus if we attribute latest earnings on post issue equity then asking price is at a P/E of 10 plus and at a P/BV of below 1. Thus it looks priced justifiably.


Conclusion: As infra sector is set for mega spending, companies like this will ripe benefits.


profit of 2.5 crore . P/B is less than 1 . growth prospects are great. todat irb won order worth 1200 crore. big positive as road development projects are getting huge orders. business will do great.

wil hit upper circuit tomorrow.

buy buy buy buy buy if get a chance. dont give up 300 rs stock so easily.
my boroker has told many hni want to lap up these shares .

keep holding and this stock will keep rewarding. this is another hitech pipe like issue which has now almost tripled from issue price
SONMAYA
30.1. SONMAYA  Sep 27, 2016 09:30
Top Contributor Top Contributor (300+ Posts)
dear stockt where r u B on board fr CROWN....TO B WORN..............WAITING
Dinesh Analyst
29. Dinesh Analyst  Sep 26, 2016 22:05
Dear allotte pls sell this share in the very first 10 minute after listing otherwise you have take a big loss so be ready to sell their application in this script and save your money
Dinesh Analyst
28. Dinesh Analyst  Sep 26, 2016 22:01
Sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale sale 121 wala 70 me 121 wala 70 M 121 wala 70 M 121 Wala 70 M 121wala 70 M 121 wala 70 M 121 wala 70 M
Dinesh Analyst
27. Dinesh Analyst  Sep 26, 2016 21:56
Crown lifter will be list @ discount so save your money and exit and enter in this script in between 70 to 75.
atul
26. atul  Sep 26, 2016 20:50
Top Contributor Top Contributor (200+ Posts)
Crown will bear selling pressure.so do not buy in hurry in morning buy after it reach 110 value
STOCKT
25. STOCKT  Sep 26, 2016 20:25
crown lifters to hit upper circuit tomorrow. keep adding this stock for long term benefits.

husys is not for long term investment and will correct in future

sell husys and buy crown lifters on listing
Hexadecimal
24. Hexadecimal  Sep 26, 2016 15:32
Out of Husys and Crown Lifters, slated to be listed tomorrow, Crown Lifters is financially and fundamentally stronger. Hence, one may expect better listing premium on Crown Lifters.
If market supports tomorrow, it may touch upper circuit i.e. 145.20.
Otherwise listing is assured above 132.
meet
23. meet  Sep 26, 2016 14:21
On which date crown lifters listing?
vijay sahajwani
23.1. vijay sahajwani  Sep 26, 2016 19:10
Both crown & husys will list tomorrow 27/9/ on upper circuit
STOCKT
22. STOCKT  Sep 25, 2016 19:33
sales increasing profits increasing.

sanghvi movers is having face value of 2 rs and P/E OF 17.14

Crown lifters having face value of 10 is at P/E of 7.44

this would suggest that it should atleast double the issue price which comes at value of 250

Even then it will be ruling only at P/E of 15 at price of 250 also which is too cheap.

another HI Tech pipe kind of issue for long term investors. hold on to this stock to reap benefits.
Dinesh Analyst
21. Dinesh Analyst  Sep 25, 2016 16:58
Crown Lifter List @ Issue Price and in the second half it will go down to issue price and trading in between 100-110 such type of business are not longturm. so pls sell after listing and protect your money






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