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Incorporated in 2001, Salasar Techno Engineering Ltd engaged in manufacturing galvanized steel products. Company's products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures, and customized galvanized and non-galvanized steel structures.
Salasar also offers engineering, procurement, and control services for rural electrification, power transmission lines, and solar power plant projects. In addition, the company undertakes civil foundation works, and erection of telecom and transmission towers at site, including painting, as well as EPC turnkey projects for solar mounting structures. STEL’s services include providing complete engineering, procurement and control for projects such as Rural Electrification, Power Transmission Lines, and Solar Power Plants.The company exports its galvanized products to South Africa, Myanmar etc.
| Particulars | For the year/period ended (in Rs. Million) | ||||||
|---|---|---|---|---|---|---|---|
| 30-Sep-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | ||
| Total Assets | 1,678.71 | 1,540.29 | 1,457.10 | 1,667.45 | 1,114.96 | 989.02 | |
| Total Revenue | 1,472.79 | 2,768.14 | 2,761.20 | 2,452.23 | 1,675.12 | 1,069.75 | |
| Profit After Tax | 75.39 | 102.00 | 46.13 | 54.99 | 30.47 | 64.62 | |
The object of the issue are:
1. To meet the working capital requirements of the Company including margin money;
2. General Corporate Purpose;
3. To meet the Issue Expenses.
| Salasar Techno IPO Date | Jul 12, 2017 to Jul 17, 2017 |
| Salasar Techno IPO Face Value | ₹10 per share |
| Salasar Techno IPO Price | ₹108 per share |
| Salasar Techno IPO Lot Size | 125 Shares |
| Issue Size | 3,321,000 shares of ₹10 (aggregating up to ₹35.87 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | The promoters of the company are: 1. Mr. Gyanendra Kumar Agarwal, |
The Salasar Techno IPO lot size is 125 shares. A retail-individual investor can apply for up to 14 lots (1750 shares or ₹189,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹13,500 |
| Retail (Max) | 14 | 1750 | ₹189,000 |
Issue is reasonably priced. But its initial listing (due to offer size below Rs. 250 crore) will take place in “T” group, which will remove speculative aspect for the issue. However, investors may consider investment for medium to long term. Read detail review...
The Salasar Techno IPO is subscribed 273.05 times on Jul 17, 2017 5:00:00 PM. The public issue subscribed 58.92 times in the retail category, - times in the QIB category, and 478.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 478.39 |
| Retail | 58.92 |
| Total | 273.05 |
| Listing Date | Tuesday, July 25, 2017 |
| BSE Script Code | 540642 |
| NSE Symbol | SALASAR |
| Listing In | |
| ISIN | INE170V01019 |
| IPO Price | ₹108 per share |
| Face Value | ₹10 per share |
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Salasar Techno Engineering Ltd
E-20, South Extension I,
New Delhi-110049
Phone: +91 11 41648566/8577
Email: compliance@salasartechno.com
Website: http://www.salasartechno.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 3 | 0 | 0 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
Salasar Techno IPO is a main-board IPO of 3,321,000 equity shares of the face value of ₹10 aggregating up to ₹35.87 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 125 Shares.
The IPO opens on Jul 12, 2017, and closes on Jul 17, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Salasar Techno IPO opens on Jul 12, 2017 and closes on Jul 17, 2017.
Salasar Techno IPO lot size is 125 Shares and the minimum order quantity is .
You can apply in Salasar Techno 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 Techno IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Salasar Techno IPO allotment status.
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