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

Aug 28, 2019 - Sep 3, 2019
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

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 Details

Salasar Exteriors IPO Date Aug 28, 2019 to Sep 3, 2019
Salasar Exteriors IPO Face Value ₹10 per share
Salasar Exteriors IPO Price ₹36 per share
Salasar Exteriors IPO Lot Size 3000 Shares
Issue Size2,360,000 shares of ₹10
(aggregating up to ₹8.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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

Salasar Exteriors IPO Lot Size

The Salasar Exteriors IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹108,000
Retail (Max) 1 3000 ₹108,000

Salasar Exteriors IPO Promoter Holding

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

Salasar Exteriors IPO Review

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 Sep 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 Date

Listing Date Thursday, September 12, 2019
BSE Script Code
Listing In ST Group of Securities
ISIN INE00Y701018
IPO Price ₹36 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹36.00
Open: ₹36.00
Low: ₹36.00
High: ₹36.00
Last Trade: ₹36.00

Company Contact Information

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 Review

Salasar Exteriors IPO Recommendation Summary

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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 Aug 28, 2019, and closes on Sep 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 Aug 28, 2019 and closes on Sep 3, 2019.

Salasar Exteriors IPO lot size is 3000 Shares and the minimum order quantity is .

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, Edelweiss, 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 Thursday, September 12, 2019.
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Salasar Exteriors IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



3. ???? IPO Janadesh ???? |   Link |Sep 30, 2019 9:40:24 AM
IPO Guru IPO Guru (1400+ Posts, 3300+ Likes)

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 |Sep 30, 2019 9:45:25 AM
IPO Guru IPO Guru (1400+ Posts, 3300+ Likes)
sorry , wrongly posted here.
2. Small Investor |   Link |Sep 16, 2019 11:44:19 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Admin please Upload Basis of Allotment
1. Small Investor |   Link |Sep 10, 2019 12:21:58 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Listing may be positive aprox 40