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Salasar Exteriors and Contour Ltd IPO (Salasar Exteriors IPO) Detail

August 28, 2019 - September 3, 2019

Salasar Exteriors IPO is a fixed price issue of Rs 8.50 crores.

Salasar Exteriors IPO bidding started from August 28, 2019 and ended on September 3, 2019. The shares got listed on NSE SME on September 12, 2019.

Salasar Exteriors IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.

Navigant Corporate Advisors Ltd is the book running lead manager of the Salasar Exteriors IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Salasar Exteriors IPO RHP for detailed information.

Salasar Exteriors IPO Details

IPO Date August 28, 2019 to September 3, 2019
Listing Date September 12, 2019
Face Value ₹10 per share
Price ₹36 per share
Lot Size 3000 Shares
Total Issue Size2,360,000 shares
(aggregating up to ₹8.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion120,000 shares

Salasar Exteriors IPO Reservation

Salasar Exteriors IPO offers 2,360,000 shares. 1,120,000 (47.46%) to NII, 1,120,000 (47.46%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered120,000 (5.08%)
Other Shares Offered1,120,000 (47.46%)
Retail Shares Offered1,120,000 (47.46%)
Total Shares Offered2,360,000 (100%)

Salasar Exteriors IPO Lot Size

Investors can bid for a minimum of 3000 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 3000 ₹108,000
Retail (Max) 1 3000 ₹108,000
Lot Size Calculator

Salasar Exteriors IPO Promoter Holding

The promoters of the company being Mr. Shreekishan Joshi and Mr. Videh Shreekishan Joshi

Share Holding Pre Issue 100.00%
Share Holding Post Issue 71.34%

About Salasar Exteriors and Contour Ltd

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.�

Competitive Strengths

1.� Authentic product range and customer support 2. Major Focus on construction related business 3. Experienced senior management team and promoters

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
Total Assets 2737.02
Total Revenue 177.83
Profit After Tax 7.66

Objects of the Issue (Salasar Exteriors IPO Objectives)

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

Salasar Exteriors IPO Review (Avoid)

[Dilip Davda]  As a corporate entity, it has just 11 months working with dismal profits. Based on this data, the issue is priced aggressively. There is no harm in giving it a miss. Read detail review...

Salasar Exteriors IPO Subscription Status (Bidding Detail)

The Salasar Exteriors IPO is subscribed 1.15 times on September 3, 2019 5:00:00 PM. The public issue subscribed 0.20 times in the retail category, times in the QIB category, and 2.10 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Salasar Exteriors IPO Prospectus

Salasar Exteriors IPO Rating

Rating:Rated 3.6 stars
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Salasar Exteriors IPO Listing Details

Listing Date September 12, 2019
BSE Script Code
ISIN INE00Y701018
Final Issue Price ₹36 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Salasar Exteriors and Contour Ltd Contact Details

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

Salasar Exteriors IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Salasar Exteriors IPO - Buy or Not

Salasar Exteriors IPO Recommendation Summary

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

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Salasar Exteriors IPO FAQs

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 is priced at ₹36 per share. The minimum order quantity is 3000 Shares.

The IPO opens on August 28, 2019, and closes on September 3, 2019.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Salasar Exteriors IPO opens on August 28, 2019 and closes on September 3, 2019.

Salasar Exteriors IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.

You can apply in Salasar Exteriors 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 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.

The Salasar Exteriors IPO listing date is on September 12, 2019.
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Salasar Exteriors IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



3. ???? IPO Janadesh ???? |   Link |  Bookmark |September 30, 2019 9:40:24 AM

6-6 IPOs at a time.

Never seen so optimism in the market.

1 ' T ' group IPO
only 1 main board IPO.

Suggestion :

Those who feel that ASBA forms will be rejected , they can try Vishwaraj sugar at lower price band of 55 & check their application status whether accepted or rejected.
3.1. ???? IPO Janadesh ???? |   Link |  Bookmark |September 30, 2019 9:45:25 AM
sorry , wrongly posted here.
2. Small Investor |   Link |  Bookmark |September 16, 2019 11:44:19 AM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
Dear Admin please Upload Basis of Allotment
1. Small Investor |   Link |  Bookmark |September 10, 2019 12:21:58 PM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
Listing may be positive aprox 40