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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.
The promoters of the company are:
1. Mr. Gyanendra Kumar Agarwal,
2. Mr. Alok Kumar,
3. Mr. Shalabh Agarwal and
4. Ms. Tripti Gupta
| 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.
| IPO Opening Date | Jul 12, 2017 |
| IPO Closing Date | Jul 17, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹108 per equity share |
| Market Lot | 125 Shares |
| Min Order Quantity | 125 Shares |
| Listing At | BSE, NSE |
| Issue Size | 3,321,000 Eq Shares of ₹10 (aggregating up to ₹35.87 Cr) |
The Salasar Techno IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 125 | ₹13,500 |
| Maximum | 14 | 1750 | ₹189,000 |
The Salasar Techno IPO is subscribed 273.05 times on Jul 17, 2017 17:00. The public issue subscribed 58.92 in the retail category, - in the QIB category, and 478.39 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 478.39 |
| RII | 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 equity share |
| Face Value | ₹10 per equity 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
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 equity 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 125 Shares.
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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