Salasar Techno Engineering Ltd IPO (Salasar Techno IPO) Detail

Jul 12, 2017 - Jul 17, 2017

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.

Company Financials

Summary of financial Information (Consolidated)
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

Objects of the Issue

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 Details

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 Size3,321,000 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,
2. Mr. Alok Kumar,
3. Mr. Shalabh Agarwal and
4. Ms. Tripti Gupta

Salasar Techno IPO Lot Size

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

Salasar Techno IPO Review

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...

Salasar Techno IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Salasar Techno IPO Prospectus

Salasar Techno IPO Rating

Rating:Rated 4.1 stars
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Salasar Techno IPO Listing Date

Listing Date Tuesday, July 25, 2017
BSE Script Code 540642
Listing In
ISIN INE170V01019
IPO Price ₹108 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Salasar Techno Engineering Ltd

E-20, South Extension I,
New Delhi-110049
Phone: +91 11 41648566/8577

Salasar Techno IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Salasar Techno IPO Review

Salasar Techno IPO Recommendation Summary

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Salasar Techno IPO FAQs

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.

The Salasar Techno IPO listing date is on Tuesday, July 25, 2017.
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Salasar Techno IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



1122. IPO EMPEROR |   Link |Sep 20, 2017 6:51:51 PM
Poot ke paaon paalne mein...still in my alloted in IPO itself......
1121. Khadija Arshad |   Link |Sep 17, 2017 3:52:13 PM
Is Salasar Techo Engineering Ltd SME registered?
1120. Shine.A.L |   Link |Sep 14, 2017 10:38:34 AM
Sir what does Lockup Sale means????
Can any one reply????
1119. R R Patel |   Link |Sep 10, 2017 9:31:05 AM
IPO Mentor IPO Mentor (800+ Posts, 3300+ Likes)
Good for long term.
1118. Deepak G. Agarwal |   Link |Aug 21, 2017 2:23:05 PM
The One month "lock up sales" is nearing to an end. Notice how on 16th, 17th and 18th August , Salasar 230 to 205.

I believe that the selloff is over. Its a Buy now with a target of Rs 255 in two weeks.


1117. Antony Dick |   Link |Aug 18, 2017 12:06:47 AM
Is there a chance that this stock will ever rise up in the next few days or weeks? I''m starting to get worried as a new investor, and this stock has been on a downward trend. Should I continue to bear the loses for a month or two or, sell it off? Can somebody please share your opinions?

Thank you.
1116. R R Patel |   Link |Aug 15, 2017 6:04:37 PM
IPO Mentor IPO Mentor (800+ Posts, 3300+ Likes)
Good for long term
1115. AtulGiri |   Link |Aug 8, 2017 3:58:47 PM
@Septa, @Khemka
Why Salasar is falling so fast ?
Any particular reason. I was planning to HOLD it for years.
Please suggest ?
1115.1. Septa |   Link |Aug 8, 2017 7:52:12 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
fall is good u can add more as i said earlier i will add more around 200
1114. Mahi kataria |   Link |Aug 8, 2017 1:43:11 PM
My pan no. EMWPK8746K
1113. Thiagarajan Ramasamy |   Link |Aug 5, 2017 2:29:16 PM
1108.1 Dear Rajkumar, No doubt in T Group all Shares are compulsorily marked for delivery. The point I wish to stress is the quantity traded in the 7 days already exceeded the Issue size. It means Promotors have unloaded some quantity. Those who are holding this share and intend to buy note this point as well.
1113.1. IPOMantra |   Link |Aug 6, 2017 2:24:17 PM
Dost last 10 din me Maine 2 bar share transaction kiya , buy kiya listing me , sold on losses and then agin renter. Is it simple , promoter can''t sell, it will happen only through block deal ,
1112. KING VINOD |   Link |Aug 6, 2017 12:12:29 PM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
Don''t buy now wait for correction then invest
1111. Oinam |   Link |Aug 5, 2017 4:10:19 PM
How come promoter sell more share? Lockin period is not applicable
1110. Thiagarajan Ramasamy |   Link |Aug 3, 2017 10:35:06 AM
SALASAR TECH. Total Issue Size 3321000. Total quantity traded and wholly marked for delivery in the past 7 days 3730341. Three more days the Scrip will stay in T Group. What is in store for Salasar from 08/08/2017 we have to wait and see.
1110.1. Rajkumar Bhuj |   Link |Aug 5, 2017 12:43:48 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Sir pls correct me if I am wrong but in T group all trades will have to take delivery, wouldn''t it?
1109. AtulGiri |   Link |Aug 3, 2017 11:13:27 AM
Will it rise after getting out of T segment ??
Hold or sell ?
1108. Khemka |   Link |Jul 27, 2017 9:34:12 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Hopes all investor exit on timely.bse selling fridge from today

20.2. Khemka Jul 25, 2017 11:48:41 AM IST
Salasar Techno Engineering Ltd IPO

It may not give exiting chance from monday likely
1108.21. Septa |   Link |Aug 8, 2017 12:18:45 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
very well picked Khemka like always keep contributing whats ur trading strategy for SIS
1108.22. Khemka |   Link |Aug 8, 2017 12:43:24 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
A buy near 800 with stoploss of 750 . nowadays new listing shares attract for operators game within few days of listing .septa you better play after that
1107. rvr |   Link |Aug 1, 2017 7:11:16 PM
holding 2 more lot sold around 270
1107.2. rvr |   Link |Aug 2, 2017 11:52:11 AM
different application
1107.3. DJ dosi |   Link |Aug 2, 2017 12:01:02 PM
should we apply more lot in 1 application or or 1 lot per application?
1106. DJ dosi |   Link |Aug 2, 2017 11:18:03 AM
hi,, we should apply for 1 lot or full lot..from single application?? which one is more beneficial?
1105. DJ dosi |   Link |Aug 2, 2017 11:17:35 AM
hi,, we should apply for 1 lot or full lot..from single application?? which one is more beneficial?
1104. Regulagedda Ambica Prasad |   Link |Aug 1, 2017 12:08:00 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Sasalasar begins its descent. May land at 200 level soon.
1104.1. ANIL VERMA |   Link |Aug 1, 2017 6:24:05 PM
It will first touch Rs 300.00 plus minus Rs.5.00. Thereafter, nobody can say what course it takes.
1104.2. AKH |   Link |Aug 1, 2017 6:39:02 PM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Before touching 200 that it may hit 350
1103. ANIL VERMA |   Link |Aug 1, 2017 6:28:04 PM
From 8th August, Salasar will b trading in B category ie on rollovrr basis. Let us see which way it will move from next tuesday. Chances are it will move up.
1103.1. AKH |   Link |Aug 1, 2017 6:37:33 PM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Its 10th