Chittorgarh.com Logo
Loading...

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 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

Sarthak Metals IPO Date Mar 10, 2017 to Mar 17, 2017
Sarthak Metals IPO Face Value ₹10 per share
Sarthak Metals IPO Price ₹30 per share
Sarthak Metals IPO Lot Size 4000 Shares
Issue Size3,636,000 shares of ₹10
(aggregating up to ₹10.91 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
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

Sarthak Metals IPO Lot Size

The Sarthak Metals IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 4000 ₹120,000
Retail (Max) 1 4000 ₹120,000

Sarthak Metals IPO Review

Cash surplus investors may consider investment for long term in Sarthak Metals BSE SME IPO. Read detail review...


Sarthak Metals IPO Subscription Status (Bidding Detail)

The Sarthak Metals IPO is subscribed times on Mar 17, 2017 9:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Sarthak Metals IPO Prospectus

Sarthak Metals IPO Rating

27
2.7
Rating:Rated 2.7 stars
Vote Here ...

Sarthak Metals IPO Listing Date

Listing Date Monday, March 27, 2017
BSE Script Code 540393
NSE Symbol
Listing In M Group of Securities
ISIN INE017W01010
IPO Price ₹30 per share
Face Value ₹10 per share

Listing Day Trading Information

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

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

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

Sarthak Metals IPO Review

Sarthak Metals IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews


IPO Broker Recommendations

Sarthak Metals IPO FAQs

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 is priced at ₹30 per share. The minimum order quantity is 4000 Shares.

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.

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

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

You can apply in Sarthak Metals 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 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.

The Sarthak Metals IPO listing date is on Monday, March 27, 2017.
Open an Instant Account with Zerodha

Sarthak Metals IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

Loading...

26 Comments

17. Prabhakaran Kuppusamy |   Link |May 11, 2017 4:15:24 PM
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.
16. IPOANALYSIS |   Link |Mar 27, 2017 9:20:07 AM
another one. i predicted correctly

sell this otherwise u will be at huge loss.
16.2. IPOANALYSIS |   Link |Mar 27, 2017 10:58:27 AM
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.

16.3. Nitin AA |   Link |Mar 29, 2017 12:14:27 AM
Sir, today it had a great day...what to do? more rallies?
15. Solution of Queries |   Link |Mar 26, 2017 9:12:11 AM
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
DSR Ji , perfect bid which u done 1 lot 1 application bcz issue already oversubscribed.
14. IPOANALYSIS |   Link |Mar 24, 2017 1:16:10 PM
Bad fundamentals
Guiness is operator game and they dump shares heavily
Remain cautious and do not apply for weak fundamentals company
14.1. Jo |   Link |Mar 24, 2017 7:38:41 PM
Sir pls Give details about Bohra Idustris..aply or not
14.2. IPOANALYSIS |   Link |Mar 25, 2017 1:16:48 AM
Apply
13. IPOANALYSIS |   Link |Mar 23, 2017 9:30:09 PM
Guiness other sme in same category Riddhi steel and tube is listing at huge discount to issue price
12. Hakimuddin lashkerwala |   Link |Mar 23, 2017 6:58:58 PM
Share credit in my demat wht is listing date
11. Samir Gohel |   Link |Mar 23, 2017 6:41:47 PM
Allotment done today

amount deducted from bank account
10. NARENDRA KOTECHA |   Link |Mar 23, 2017 12:51:47 PM
sir, give the date of listing
10.1. Samir Gohel |   Link |Mar 23, 2017 6:42:36 PM
27/03/2017 listing date
9. MASTER STROKE |   Link |Mar 23, 2017 10:46:25 AM

Sir in QIB Category Subscription

Thanks
8. NPT |   Link |Mar 10, 2017 6:18:59 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Dear Moderator,
Please post RHP of the Company.
Thanking you.
7. IPOANALYSIS |   Link |Mar 9, 2017 3:53:24 PM
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
7.2. Hari Om |   Link |Mar 10, 2017 10:26:10 AM
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
7.3. jagadish abbigeri |   Link |Mar 21, 2017 9:43:03 AM
Hari Om ji, U Can buy it in secondary market, they are already listed companies..
6. IPOANALYSIS |   Link |Mar 9, 2017 3:44:22 PM
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.
5. NPT |   Link |Mar 9, 2017 1:24:28 PM
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.
4. DURAISWAMY |   Link |Mar 9, 2017 10:21:42 AM
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
3. IPOANALYSIS |   Link |Mar 7, 2017 11:33:05 PM
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.
2. IPOANALYSIS |   Link |Mar 7, 2017 9:48:08 PM

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.
1. IPOANALYSIS |   Link |Mar 7, 2017 9:40:20 PM
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.