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Incorporated in 1997, Silverpoint Infratech Ltd is currently engaged in the providing land development, construction services and other related services for civil & structural construction and infrastructure sector projects.
Company's clients includes Binani Cement Limited, PACL India Limited, Jain Infraprojects Limited, Prakash Constrowell Limited, NKC Projects Private Limited, VKS Projects Limited, Shri Mahavir Ferro Alloys Private Limited and Kivar Infra Private Limited amongst others.
The Promoters of the Company are:
Individual Promoter:
1. Mr. Sanjay Kumar Drolia
2. Mr. Mohan Lal Sureka
Corporate Promoters:
3. Saffron Vinimay Private Limited
4. Shivmangal Commercial Private Limited
The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and to carry out the sale of 80,00,000 Equity Shares by the Selling Shareholders.
| IPO Opening Date | Aug 12, 2013 |
| IPO Closing Date | Aug 14, 2013 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹15 per equity share |
| Market Lot | 8000 Shares |
| Min Order Quantity | 8000 Shares |
| Listing At | BSE SME |
| Issue Size | 8,000,000 Eq Shares of ₹10 (aggregating up to ₹12.00 Cr) |
The Silverpoint Infratech IPO market lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹120,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹120,000 |
| Maximum | 1 | 8000 | ₹120,000 |
As for the merchant banker’s performance, this is the fourth SME issue from their stable and considering their market game in its own parent company and the other mandates listing, one may get some rewards. But current status are not having encouraging trends and hence, investors should AVOID this offer.
Read detail review...
| Listing Date | Wednesday, August 28, 2013 |
| BSE Script Code | 536073 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE890N01019 |
| IPO Price | ₹15 per equity share |
| Face Value | ₹10 per equity share |
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Silverpoint Infratech Ltd
301, 3rd Floor, Ananta Bhawan,
94 Vivekanand Nagar,
Near Westbank Hospital, Howrah - 711 109
Phone: +91 33 3256 2881
Email: info@silverpointinfratech.com
Website: http://www.silvepointinfratech.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Silverpoint Infratech IPO is a SME IPO of 8,000,000 equity shares of the face value of ₹10 aggregating up to ₹12.00 Crores. The issue is priced at ₹15 per equity share. The minimum order quantity is 8000 Shares.
The IPO opens on Aug 12, 2013, and closes on Aug 14, 2013.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Silverpoint Infratech IPO opens on Aug 12, 2013 and closes on Aug 14, 2013.
Silverpoint Infratech IPO lot size is 8000 Shares and the minimum order quantity is 8000 Shares.
You can apply in Silverpoint Infratech 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 Silverpoint Infratech IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Silverpoint Infratech IPO allotment status.
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Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews