Incorporated in 2018, Mumbai-based Salasar Exteriors and Contour Ltd is engaged in interior and exterior designing & execution work. It has completed projects for departmental stores, hostels, residential, budget hotels, hospitals, commercials, healthcare sector and corporate offices.
The company has a wide service portfolio where it includes conceptual development, programming, construction management, space planning, execution as per planning, communicating with the teams of a project and research work.
Initially, M/s. Salasar Exteriors was a sole proprietorship concern managed by Mr Shreekishan Joshi.
Salasar Exteriors and Contour follows a turn-key approach in a business where it is involved from the creation of the structure to completion of plans. It also takes care of the installation and other services like allied interior finishing, and furniture MEP (Mechanical, Electrical, Plumbing).
Currently, it is working on execution and carving out Walmart's departmental stores in Indore & Nizamabad, India. It has already completed 3 stores in Amravati, Bhopal and Aurangabad. Some of the other major clients of the company include JSW Steel Limited, TATA Power, Accenture, Birla Estates, Holiday Inn Express, Godrej, etc.
1. Authentic product range and customer support
2. Major Focus on construction related business
3. Experienced senior management team and promoters
The promoters of the company being Mr. Shreekishan Joshi and Mr. Videh Shreekishan Joshi
| Particulars | For the year/period ended (in Rs. Lakhs) | |
|---|---|---|
| 31-July-18 | ||
| Total Assets | 2737.02 | |
| Total Revenue | 177.83 | |
| Profit After Tax | 7.66 | |
The company intends to utilize the proceeds of the Issue to meet the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Expenses, and
3. To Meet the Issue Expenses
| Issue Open | Aug 28, 2019 - Sep 3, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 2,360,000 Eq Shares of ₹10 (aggregating up to ₹8.50 Cr) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹36 Per Equity Share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹108,000 |
| Maximum | 1 | 3000 | ₹108,000 |
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 71.34% |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 1,120,000 | 1,120,000 | 2,240,000 |
Sep 3, 2019 17:00 | 2.10x | 0.20x | 1.15x |
| Listing Date | Thursday, September 12, 2019 |
| BSE Script Code | |
| NSE Symbol | SECL |
| Listing In | ST |
| ISIN | INE00Y701018 |
| Issue Price | ₹36 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
Salasar Exteriors and Contour Ltd
A-922/923, Corporate Avenue,
Sonawala Road, Near Udyog Nagar Bhuvan,
Goregaon East, Mumbai, Maharashtra - 400063
Phone: +91 22-67083366
Email: account@salasarexteriors.com
Website: http://www.salasarexterior.com/
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/
Salasar Exteriors IPO is a SME IPO of 2,360,000 equity shares of the face value of ₹10 aggregating up to ₹8.50 Crores.
The issue price of the IPO is ₹36 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.
The IPO opens on Aug 28, 2019 and closes on Sep 3, 2019.
Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Salasar Exteriors IPO opens on Aug 28, 2019 and closes on Sep 3, 2019.
Salasar Exteriors 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.
The finalization of Basis of Allotment for Salasar Exteriors IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Salasar Exteriors IPO allotment status.
Salasar Exteriors IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
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