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Incorporated in 2010, Mumbai based Saketh Exim Limited is a company engaged in the business of manufacturing and fabricating of a wide range of steel products used in Pipe Support Systems, HVAC Systems, Anti-vibration System and Equipment for Industrial, Commercial, Utility and OEM Installations.
The company manufactures engineering products, metal and base metal products like bolts, clamps, G. I. nuts and hangers etc. Its product portfolio also includes all types of bathroom accessories, bathroom pipes, fittings and sanitary wares.
The Company is also engaged in trading of textile products like fancy shirtings and finish fabrics.
Saketh Exim has 3 manufacturing units located at Vasai.
For six months period ending September 30, 2017, Manufacturing contributed 46.26% while Trading contributed 53.74% to the revenue of the company.
The revenue from operations for the financial year ending 2014-15, 2015-16 and 2016-17 are Rs 3,748.30 lakhs, Rs
4,668.77 lakhs and Rs 5,132.56 lakhs respectively.
The Net profit after tax for the company shows an increase of 91.07% and 24.06% respectively over the 3 years.
The company has 37 employees on its payroll.
The promoters of the company are:
1. Mr. Sanjay J Patel (Individual Promoter)
2. Mrs. Smita S Patel (Individual Promoter)
3. Mrs. Taruna P Patel(Individual Promoter)
4. Mrs. Fatema S Kachwala (Individual Promoter)
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 3,717.27 | 2,445.78 | 1,562.01 | 1,812.55 | 1,550.80 | 842.20 |
| Total Revenue | 6,199.76 | 5,140.47 | 4,672.11 | 3,749.45 | 3,321.15 | 1,930.61 |
| Profit After Tax | 107.12 | 95.55 | 77.02 | 40.31 | 13.31 | 13.87 |
The Issue comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholder.
The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholder.
The objects of the Fresh Issue are to raise funds for:
• Funding Long-Term Working Capital Requirements and
• Funding Expenditure for General Corporate Purposes
| IPO Opening Date | Aug 1, 2018 |
| IPO Closing Date | Aug 3, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹69 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | 1,368,000 Eq Shares of ₹10 (aggregating up to ₹9.44 Cr) |
The Saketh Exim IPO open date is Aug 1, 2018, and the close date is Aug 3, 2018. The issue may list on Aug 13, 2018.
| IPO Open Date | Aug 1, 2018 |
| IPO Close Date | Aug 3, 2018 |
| Basis of Allotment Date | Aug 8, 2018 |
| Initiation of Refunds | Aug 9, 2018 |
| Credit of Shares to Demat Account | Aug 10, 2018 |
| IPO Listing Date | Aug 13, 2018 |
The Saketh Exim IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹138,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹138,000 |
| Maximum | 1 | 2000 | ₹138,000 |
The Saketh Exim IPO is subscribed 1.30 times on 8/3/2018 5:00:00 PM. The public issue subscribed 0.84 in the retail category, in the QIB category, and 1.77 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.77 |
| Retail | 0.84 |
| Total | 1.30 |
| Listing Date | Monday, August 13, 2018 |
| BSE Script Code | |
| NSE Symbol | SAKETH |
| Listing In | |
| ISIN | INE869Y01010 |
| IPO Price | ₹69 per equity share |
| Face Value | ₹10 per equity share |
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Saketh Exim Limited
Plot No- PAP D-146/147
TTC MIDC, Turbhe,
Navi Mumbai - 400705
Phone: +91 22 2762 0641/42/43
Email: info@sakethexim.com
Website: http://www.sakethexim.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Saketh Exim IPO is a SME IPO of 1,368,000 equity shares of the face value of ₹10 aggregating up to ₹9.44 Crores. The issue is priced at ₹69 per equity share. The minimum order quantity is 2000 Shares.
The IPO opens on Aug 1, 2018, and closes on Aug 3, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Saketh Exim IPO opens on Aug 1, 2018 and closes on Aug 3, 2018.
Saketh Exim IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
You can apply in Saketh Exim 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Saketh Exim IPO will be done on Aug 8, 2018, and the allotted shares will be credited to your demat account by Aug 10, 2018. Check the Saketh Exim IPO allotment status.
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