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 Promoters:

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

Company Financials:

Summary of financial Information (Restated)
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

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

Issue Open	Aug 28, 2019 - Sep 3, 2019
Issue Type	Fixed Price Issue IPO
Issue Size	2,360,000 Eq Shares of Rs 10 (aggregating up to Rs 8.50 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 36 Per Equity Share
Market Lot	3000 Shares
Min Order Quantity	3000 Shares
Listing At	NSE SME

Salasar Exteriors IPO Promoter Holding

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

Salasar Exteriors IPO Subscription Status (Bidding Detail)

Salasar Exteriors IPO how much subscribed?
	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

Salasar Exteriors IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Salasar Exteriors IPO Rating

3.6

Rating:

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Salasar Exteriors IPO Listing Date

Listing Date	Thursday, September 12, 2019
BSE Script Code
NSE Symbol	SECL
Listing In	ST
ISIN	INE00Y701018
Issue Price	Rs 36 Per Equity Share
Face Value	Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

	NSE SME
Issue Price:	Rs 36.00
Open:	Rs 36.00
Low:	Rs 36.00
High:	Rs 36.00
Last Trade:	Rs 36.00
Volume:	18,000

Salasar Exteriors IPO Reviews / Ratings

Dilip Davda - Avoid

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
Email: account@salasarexteriors.com
Website: http://www.salasarexterior.com/

Salasar Exteriors IPO Registrar

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 Lead Manager(s)

Navigant Corporate Advisors Ltd

Lead Manager Reports

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