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Incorporated in 2006, South West Pinnacle Exploration Limited is a Gurgaon, Haryana based company engaged in the business of providing drilling, exploration and allied services to coal, ferrous, non ferrous, atomic and base metal mining industries and water & unconventional energy industries. Company also provides consultancy for geological field services and allied services. Company has an in-house team of geoscientists for providing integrated exploration services including geophysical logging, surface geophysical & topographic surveys.
Company is also into aquifer mapping for Hydro-geological organisations in India for determining the quantity and quality of groundwater in a particular area, viz., water level, productivity and concentration of various chemicals in groundwater. This helps in identifying zones for groundwater development, groundwater recharge, rainwater harvesting etc.
Company has 37 operational rigs. Company drill upto a depth of 2500 meters and has completed more than 950,000 meters of drilling including 60 CBM exploratory and 166 CBM production wells for both Government and Private Sectors.
Company is intend to utilize the Net Proceeds towards the following objects:
1. Repayment/ Prepayment of certain Secured Borrowings availed by our company
2. Repayment/ Prepayment of certain Unsecured Borrowings availed by the company;
3. Purchase of Machinery;
4. Funding the working capital requirements of the Company;
5. General Corporate Purposes.
| South West Pinnacle IPO Date | Feb 6, 2018 to Feb 8, 2018 |
| South West Pinnacle IPO Face Value | ₹10 per share |
| South West Pinnacle IPO Price | ₹76 to ₹78 per share |
| South West Pinnacle IPO Lot Size | 1600 Shares |
| Issue Size | 4,596,800 shares of ₹10 (aggregating up to ₹35.86 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | The Promoters of the company are: 1. Piyush Jain |
South West Pinnacle IPO opens on Feb 6, 2018, and closes on Feb 8, 2018. The South West Pinnacle IPO bid date is from Feb 6, 2018 10.00 A.M. to Feb 8, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| South West Pinnacle IPO Opening Date | Feb 6, 2018 |
| South West Pinnacle IPO Closing Date | Feb 8, 2018 |
| Basis of Allotment | Feb 14, 2018 |
| Initiation of Refunds | Feb 15, 2018 |
| Credit of Shares to Demat | Feb 16, 2018 |
| South West Pinnacle IPO Listing Date | Feb 20, 2018 |
The South West Pinnacle IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹124,800).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
Considering push for infra projects that will augur well for this company, investment may be considered for short to long term.
Read detail review...The South West Pinnacle IPO is subscribed 29.42 times on Feb 8, 2018 5:00:00 PM. The public issue subscribed 11.70 times in the retail category, 18.04 times in the QIB category, and 144.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 18.04 |
| NII | 144.16 |
| Retail | 11.70 |
| Employee | 2.82 |
| Total | 29.42 |
| Listing Date | Monday, February 19, 2018 |
| BSE Script Code | |
| NSE Symbol | SOUTHWEST |
| Listing In | |
| ISIN | INE980Y01015 |
| IPO Price | ₹78 per share |
| Face Value | ₹10 per share |
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South West Pinnacle Exploration Ltd
Siddhartha House,
4th Floor, Plot No. 6,
Sector 44, Gurgaon
Phone: +91 124 4235400
Email: investors@southwestpinnacle.com
Website: http://www.southwestpinnacle.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: swpel.ipo@linkintime.co.in
Website: https://linkintime.co.in/
South West Pinnacle IPO is a SME IPO of 4,596,800 equity shares of the face value of ₹10 aggregating up to ₹35.86 Crores. The issue is priced at ₹76 to ₹78 per share. The minimum order quantity is 1600 Shares.
The IPO opens on Feb 6, 2018, and closes on Feb 8, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The South West Pinnacle IPO opens on Feb 6, 2018 and closes on Feb 8, 2018.
South West Pinnacle IPO lot size is 1600 Shares and the minimum order quantity is .
You can apply in South West Pinnacle 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 South West Pinnacle IPO will be done on Feb 14, 2018, and the allotted shares will be credited to your demat account by Feb 16, 2018. Check the South West Pinnacle IPO allotment status.
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