South West Pinnacle Exploration Ltd IPO (South West Pinnacle IPO) Detail

Feb 6, 2018 - Feb 8, 2018

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.

Objects of the Issue

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 Details

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 Size4,596,800 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
2. Vikas Jain

South West Pinnacle IPO Timeline (Tentative Timetable)

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

South West Pinnacle IPO Lot Size

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

South West Pinnacle IPO Review

Considering push for infra projects that will augur well for this company, investment may be considered for short to long term.

Read detail review...

South West Pinnacle IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

South West Pinnacle IPO Prospectus

South West Pinnacle IPO Rating

Rating:Rated 3.9 stars
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South West Pinnacle IPO Listing Date

Listing Date Monday, February 19, 2018
BSE Script Code
Listing In
ISIN INE980Y01015
IPO Price ₹78 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹78.00
Open: ₹93.60
Low: ₹75.50
High: ₹93.60
Last Trade: ₹88.30

Company Contact Information

South West Pinnacle Exploration Ltd
Siddhartha House,
4th Floor, Plot No. 6,
Sector 44, Gurgaon
Phone: +91 124 4235400

South West Pinnacle IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

South West Pinnacle IPO Review

South West Pinnacle IPO Recommendation Summary

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South West Pinnacle IPO FAQs

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.

The South West Pinnacle IPO listing date is on Monday, February 19, 2018.
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South West Pinnacle IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



87. Montu Tailor |   Link |Feb 23, 2018 1:49:39 PM
Subject to 1000 Now.. WOW
86. Kuvadva.... |   Link |Feb 22, 2018 12:52:05 PM
Can I do intraday trading in This share. Or it is in Trade to trade??
85. DownriteVJ |   Link |Feb 19, 2018 10:32:20 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
85.1. Kuvadva.... |   Link |Feb 22, 2018 12:50:33 PM
Downrite ..
Please tell what are the rules for NSE SME.. same rules for Tasty dairy applies here or not??
84. Ipovale |   Link |Feb 19, 2018 7:34:05 PM
Please suggest what should be done with this ipo , have 1 lott
84.1. SecTheta |   Link |Feb 19, 2018 8:08:59 PM
If you''re comfortable, hold it for long term else sell it. Simple.
83. MSB |   Link |Feb 19, 2018 3:10:46 PM
Closed @ 90..
Good close today..
82. Ipovale |   Link |Feb 17, 2018 5:38:04 PM
Uc implies 14 rs premium?
81. Saloni Cons. |   Link |Feb 17, 2018 4:27:19 PM
80. Saloni Cons. |   Link |Feb 17, 2018 4:21:03 PM
GMP 12 / 14
79. Gupta ji |   Link |Feb 17, 2018 2:35:58 PM
Any gmp please tell any one
78. jignesh.elect |   Link |Feb 17, 2018 6:26:53 AM
allotment msg received from NSC & NSDL also but not shown in HDFC demat. what is problem?
78.1. S Patel |   Link |Feb 17, 2018 9:22:28 AM
wait till monday morning before listing.. it will come
77. MSB |   Link |Feb 16, 2018 3:35:15 PM
1600 shares of SOUTH WEST PINNACLE EXPLORATION credited to your demat a/c xxxx8768 on 16/02/18 in respect of Public Offer. NSDL
1600 shares of SOUTH WEST PINNACLE EXPLORATION credited to your demat a/c xxxx2865 on 16/02/18 in respect of Public Offer. NSDL
Pls any expert suggest me to decide what to do post listing..
76. an Investor |   Link |Feb 15, 2018 6:25:30 PM
No man, 0/3. Not getting allotment from long time. Anyone has idea about if we can buy any already listed SMEs which are good buy?
76.3. S T |   Link |Feb 16, 2018 9:00:06 AM
@AJT: Shradha Infra stock toh kitne dino se movement hiii nahi ho rahaa.. During Bull market, it went down from issued price of Rs. 70/- to 63/- now.. What to say about this??
76.4. AJT |   Link |Feb 16, 2018 9:54:15 AM
@ST, here are the rationale for investing in Shradha Infra, which have been overlooked by people in general. Shradha Infra is a zero debt, cash rich, profit making and well established real estate company. Zero debt and cash rich realty companies are hard to find. It is a multibagger combination. It is promoted by Raisoni Group, a well established business conglomerate and so the risks associated with SMEs are less in case of Shradha. SMEs in general do not have this kind of financial back up from promoters. Don’t just go by GMP and subscription alone. I find that the risk is very less with Shradha and there is good probability that it can become a multibagger in few years time.
75. IPO VIRUS |   Link |Feb 16, 2018 8:54:15 AM
0/7 very sad
74. SecTheta |   Link |Feb 15, 2018 7:31:11 PM
Kisi ke hisse mein mohini aaya kisi ke hisse me Sintercom,
Main yahan time waste karta Raha, hota Raha naakam... :D
74.5. Sinewave |   Link |Feb 15, 2018 10:30:08 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Same thing bro.


Zero allotment out of Seven.

Big disappointment in SME.

only time wastage.

Useless discussion on closing day.

Raja Rajasthani earlier
74.6. SecTheta |   Link |Feb 15, 2018 10:31:23 PM
You''re Raja Rajasthani?
73. Ficpl |   Link |Feb 15, 2018 10:28:09 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)

Promoters also have stake in Amara resources .

I think 1 UC is confirmed and need to check the demand on the second day .
72. Sinewave |   Link |Feb 15, 2018 10:28:07 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)

Zero allotment out of Seven.

Big disappointment in SME.

only time wastage.
71. SecTheta |   Link |Feb 15, 2018 9:49:55 PM
Time to shift to DAIRY... Umeend Abhi baaki hai... :P
70. MSB |   Link |Feb 15, 2018 9:42:14 PM
pls suggest what to do now.
Can hold or sell on listing..
Bit confused...
69. MSB |   Link |Feb 15, 2018 9:35:39 PM
GOT 2 out of 2.....!!!!!
68. SMEGuru |   Link |Feb 15, 2018 7:36:08 PM

Any GMP ?
68.2. AJT |   Link |Feb 15, 2018 7:40:46 PM
GMP 32000 if the market is good.
68.3. AJT |   Link |Feb 15, 2018 9:09:33 PM
Sorry. GMP 24000 to 26000 for South West. GMP 32000 for Mohini.