Sarthak Metals Ltd IPO (Sarthak Metals IPO) Detail

Mar 10, 2017 - Mar 17, 2017

Incorporated in 1995, Sarthak Metals Ltd is engaged into manufacturing of wide variety of Cored wires, Aluminum Flipping coils, and Industrial Oxygen gas having wide application in various industries including Steel plants, Fabrication units, and foundries. They are also engaged in the business of trading of iron & steel and carbon dioxide gas.

They manufacturers and suppliers of wire feeder machines that are known for drawing wires of 9 mm to 15 mm diameter. Company's major suppliers include Bharat Aluminium Co. Ltd, Bhushan Power & Steel Limited, Sino Metal International Limited etc. They are headquartered at Bhilai, Chhattisgarh and currently have two manufacturing units located at Bhilai and Raipur.

Company Promoters:

The Promoters of the company are:

1. Mr. Anoop Kumar Bansal
2. Mr. Manoj Kumar Bansal
3. Mr. Kishore Kumar Bansal
4. Mr. Sanjay Shah

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Lakhs)
30-Sep-16 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 5,500.90 4,898.53 4,717.51 4,022.47 3,666.78 3,062.59
Total Revenue 7,396.25 12,871.74 15,149.36 14,721.78 11,329.24 10,055.25
Profit After Tax (PAT) 246.81 366.55 287.45 260.06 239.01 166.78

Objects of the Issue:

The Objects of the offer are:

1. To repay existing working capital facilities of Company;
2. To meet the part of General Corporate Purpose; and
3. To meet the expenses of the Offer.

Sarthak Metals IPO Details

IPO DateMar 10, 2017 - Mar 17, 2017
Issue TypeFixed Price Issue IPO
Issue Size3,636,000 Eq Shares of ₹10
(aggregating up to ₹10.91 Cr)
Face Value₹10 Per Equity Share
IPO Price₹30 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtBSE SME

Sarthak Metals IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹120,000
Maximum14000₹120,000

Sarthak Metals IPO Subscription Status (Bidding Detail)

Sarthak Metals IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

Mar 17, 2017 21:00

Sarthak Metals IPO Prospectus

Sarthak Metals IPO Rating

27
2.7
Rating:Rated 2.7 stars

Vote Here ...

Sarthak Metals IPO Listing Date

Listing DateMonday, March 27, 2017
BSE Script Code540393
NSE Symbol
Listing InM
ISININE017W01010
IPO Price₹30 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹30.00
₹29.45
₹27.70
₹31.40
₹30.75
860,000

Sarthak Metals IPO Reviews / Ratings

Company Contact Information

Sarthak Metals Ltd
B.B.C Colony,
G.E. Road, Khursipar,
Bhilai - 490 011

Phone: +91-788-3290584 /2296495
Email: cs@sarthakmetals.com
Website: http://www.sarthakmetals.com

Sarthak Metals IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: Ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Sarthak Metals IPO FAQs

  1. 1. What is Sarthak Metals IPO?

    Sarthak Metals IPO is a SME IPO of 3,636,000 equity shares of the face value of ₹10 aggregating up to ₹10.91 Crores.

    The issue price of the IPO is ₹30 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Mar 10, 2017 and closes on Mar 17, 2017.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. 2. When Sarthak Metals IPO will open?

    The Sarthak Metals IPO opens on Mar 10, 2017 and closes on Mar 17, 2017.

  3. 3. How to apply for Sarthak Metals IPO?

    Sarthak Metals IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Sarthak Metals IPO allotment?

    The finalization of Basis of Allotment for Sarthak Metals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sarthak Metals IPO allotment status.

  5. 5. When is Sarthak Metals IPO listing date?

    The Sarthak Metals IPO listing date is on Monday, March 27, 2017, at BSE SME.
  6. 6. What is the lot size of Sarthak Metals IPO?

    Sarthak Metals IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

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Sarthak Metals IPO Review / Comments

Prabhakaran Kuppusamy
17. Prabhakaran Kuppusamy  May 11, 2017 16:15
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Could give healthy returns (CMP:32).
Upmove has started here (downside is very minimal).
Reason why it didn''t move higher is because of the timing of this IPO.
There were lot of companies lined up (on same week) because of which this one is diminished.
IPOANALYSIS
16. IPOANALYSIS  Mar 27, 2017 09:20
another one. i predicted correctly

sell this otherwise u will be at huge loss.
IPOANALYSIS
16.2. IPOANALYSIS  Mar 27, 2017 10:58
ITS NOW AT ISSUE PRICE.

i DON''T LIKE GUINESS SME AT ALL AS MOST OF THEM ARE NOT GOOD FOR LONG TERM.

MAYBE OPERATOR GAME NOW.

Nitin AA
16.3. Nitin AA  Mar 29, 2017 00:14
Sir, today it had a great day...what to do? more rallies?
Solution of Queries
15. Solution of Queries  Mar 26, 2017 09:12
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
DSR Ji , perfect bid which u done 1 lot 1 application bcz issue already oversubscribed.
IPOANALYSIS
14. IPOANALYSIS  Mar 24, 2017 13:16
Bad fundamentals
Guiness is operator game and they dump shares heavily
Remain cautious and do not apply for weak fundamentals company
Jo
14.1. Jo  Mar 24, 2017 19:38
Sir pls Give details about Bohra Idustris..aply or not
IPOANALYSIS
14.2. IPOANALYSIS  Mar 25, 2017 01:16
Apply
IPOANALYSIS
13. IPOANALYSIS  Mar 23, 2017 21:30
Guiness other sme in same category Riddhi steel and tube is listing at huge discount to issue price
Hakimuddin lashkerwala
12. Hakimuddin lashkerwala  Mar 23, 2017 18:58
Share credit in my demat wht is listing date
Samir Gohel
11. Samir Gohel  Mar 23, 2017 18:41
Allotment done today

amount deducted from bank account
NARENDRA KOTECHA
10. NARENDRA KOTECHA  Mar 23, 2017 12:51
sir, give the date of listing
Samir Gohel
10.1. Samir Gohel  Mar 23, 2017 18:42
27/03/2017 listing date
MASTER STROKE
9. MASTER STROKE  Mar 23, 2017 10:46

Sir in QIB Category Subscription

Thanks
NPT
8. NPT  Mar 10, 2017 18:18
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Dear Moderator,
Please post RHP of the Company.
Thanking you.
IPOANALYSIS
7. IPOANALYSIS  Mar 9, 2017 15:53
the THREE OPEN SME IFL ENTERPRISE ,SARTHAK METAL AND MANOMAY TEX ARE FUNDAMENTALLY VERY WEAK COMPANIES.

DO NOT APPLY IN ANY OF THEM

MANY BETTER COMPANIES AVAILABLE IN SECONDARY MARKET.

MY PERSONAL FAVOURITES WHICH CAN BE BOUGHT AND GIVE MULTIBAGGER RETURNS

1) JET FREIGHT LOGISTICS
2) AURANGABAD DISTILLERY
3) Fourth dimension
4) lancer container
5)hitech pipe
6) cawasji behramji
7) jiya ecoproducts
8)loyal equipment
9)advance syntex
10)dra consultant

Add above 10 sme in your portfolio for multibagger retruns
Hari Om
7.2. Hari Om  Mar 10, 2017 10:26
Hi IPO Analysis,

The above 10 shares as mentioned the IPO will be coming in the coming months or they are already listed, where can I buy those stocks
jagadish abbigeri
7.3. jagadish abbigeri  Mar 21, 2017 09:43
Hari Om ji, U Can buy it in secondary market, they are already listed companies..
IPOANALYSIS
6. IPOANALYSIS  Mar 9, 2017 15:44
Do remember Guiness SME are highly risky and there past SME in sam sector and much bigger company Riddhi Steel has no buyers.

this stock wil be a crap

Guiness- always stay away from its. do remember there listed ipo/sme have been delisted in past as well.
NPT
5. NPT  Mar 9, 2017 13:24
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
We should collectively boycott sme IPOs where same lead managers / registrars are coming out with different SME IPOs where their past performance is unsatisfactory.
Some companies, their Lead Manager /Registrar are coming out with sme IPOs to take advantage of the market sentiments.
Also go through the financials, company background, pending litigation, charge on company assets before taking any investment decision.
Be cautious while applying to sme IPOs of such companies.
DURAISWAMY
4. DURAISWAMY  Mar 9, 2017 10:21
BEWARE !AMSONS APPARELS SME IPO AND FUNNY SOFTWARE ARE TRADUNG BELOW ITS FACE VALUE . THE MONEY INVESTED IN IT WERE SALT DISSOLVED IN OCEAN. SO AVOID
IPOANALYSIS
3. IPOANALYSIS  Mar 7, 2017 23:33
Guys, please note there financials looks very ditchy and cooked.

please beware of such issues.

last performance of riddhi steel is enough to judge Guiness .

please avoid such type of sme as there is no fundamentals for these type of companies.
IPOANALYSIS
2. IPOANALYSIS  Mar 7, 2017 21:48

bad bad bad Sme coming for exit by selling shareholders. nothing will be received.

Guiness issues are big Avoid guys. Much bigger company like Riddhi steel and tube offered by guiness are ruling at huge discount



Our Company will not receive any proceeds from the offer for sale by the Selling Shareholders.
The Issue consists of the Fresh Issue by our Company and an Offer for Sale by the Selling Shareholders. The
entire proceeds of the Offer for Sale will be respectively transferred to the Selling Shareholders and will not
result in any creation of value for us or in respect of your investment in our Company.
IPOANALYSIS
1. IPOANALYSIS  Mar 7, 2017 21:40
Avoid. do keep in mind Guiness last metal issue in similar industry Riddhi steel and tube is ruling below issue price with no buyers.


most of Guiness issues are very bad and some of them have been delisted as well

please dont apply as if upi get stuck in this one can never get out of it ever.
boycott all Guinsess issues like i do.






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