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Sprayking Agro Equipment Ltd IPO (Sprayking Agro IPO) Detail

Aug 31, 2016 - Sep 2, 2016

Incorporated in 2005, Sprayking Agro Equipment Limited is engaged in manufacturing of Brass Equipment. Company manufactures and sells agriculture brass components, plumbing and sanitary fittings in India. Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal.They also manufacture Auto and Electrical parts, Fitting Parts, etc made of Brass.

Sprayking Agro is the Leading manufacturer of the Sprayer's parts such as Sprayer, knapsack sprayer, agricultural sprayer, plastic sprayer, garden sprayer, backpack sprayer, hand sprayer, sprayers, pressure sprayer, power sprayer, agriculture sprayer and compression sprayers as well as nut nipples. Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum.It supplies agriculture equipment to industrial users, such as agriculture spray manufacturers and manufacturers of other allied products; and plumbing and other equipment to traders in retail market.

They use brass scrap as raw material which is imported from USA, UK and other European Countries and convert the scrap into finished goods.

Objects of the Issue

The objects of the Issue are: Information in this section is taken from chittorgarh.com, India's No 1 IPO Investment Portal.

1. Repayment of Unsecured Loan;
2. Enhance Company's corporate image, brand name and create a public market for its Equity Shares in India;
3. Achieve the benefits of listing on the SME platform of BSE; and
4. General Corporate Purposes.

Sprayking Agro IPO Details

IPO Date Aug 31, 2016 to Sep 2, 2016
Listing Date Wednesday, September 14, 2016
Face Value ₹10 per share
Price ₹21 per share
Lot Size 6000 Shares
Issue Size888,000 shares of ₹10
(aggregating up to ₹1.86 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are:

1. Pragjibhai Patel
2. Hiteshkumar Dudhagara
3. Ronakben Dudhagara

Sprayking Agro IPO Lot Size

The Sprayking Agro IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹126,000).

Application Lots Shares Amount
Retail (Min) 1 6000 ₹126,000
Retail (Max) 1 6000 ₹126,000

Sprayking Agro IPO Review

Based on its earnings the asking price is exorbitant. However, cash surplus risk savvy investors may consider it for long term investment; other may give it a miss. Read detail review...

Sprayking Agro IPO Prospectus

Sprayking Agro IPO Rating

17
2.5
Rating:Rated 2.5 stars
Vote Here ...

Sprayking Agro IPO Listing Date

Listing Date Wednesday, September 14, 2016
BSE Script Code 540079
NSE Symbol
Listing In M Group of Securities
ISIN INE537U01011
IPO Price ₹21 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹21.00
₹24.00
₹21.75
₹24.00
₹21.80

Company Contact Information

Sprayking Agro Equipment Ltd
GIDC, Phase II,
Plot No. 590, Dared,
Jamnagar
Phone: +91 288 2730750
Email: info@spraykingagro.com
Website: http://www.spraykingagro.com

Sprayking Agro IPO Registrar

Sharex Dynamic (India) Pvt Ltd

Phone: +91- 22 - 2851 5606
Email: sharexindia@vsnl.com
Website: http://www.sharexindia.com

Sprayking Agro IPO Review

Sprayking Agro IPO Recommendation Summary

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Sprayking Agro IPO FAQs

Sprayking Agro IPO is a SME IPO of 888,000 equity shares of the face value of ₹10 aggregating up to ₹1.86 Crores. The issue is priced at ₹21 per share. The minimum order quantity is 6000 Shares.

The IPO opens on Aug 31, 2016, and closes on Sep 2, 2016.

Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Sprayking Agro IPO opens on Aug 31, 2016 and closes on Sep 2, 2016.

Sprayking Agro IPO lot size is 6000 Shares and the minimum order quantity is .

You can apply in Sprayking Agro 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 Sprayking Agro IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sprayking Agro IPO allotment status.

The Sprayking Agro IPO listing date is on Wednesday, September 14, 2016.
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Sprayking Agro IPO Message Board

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19 Comments

14. Kumawat Boy |   Link |Sep 26, 2016 2:49:19 PM
going subscription now up up up up up up up up
13. PSR |   Link |Sep 19, 2016 12:19:47 PM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Subscriptions from the QIB and HNI are coming in the closing hours of the last day of the issue. By that time time limit set by most of the banks for accepting applications under ASBA is expiring leaving ''very less time'' or ''no time'' for retailers. This is to be kept in mind.

The issue is already subscribed 5% in Retail Category. Subscriptions in Shareholders Category too going on well. Inspite of large issue, it is certian that issue is going oversubscribe in all the categories.
12. STOCKT |   Link |Sep 15, 2016 11:08:36 AM
EVEN PANTHOMATH CAPITAL SME HAVE STATED UNDERPERFORMING

DESPITE SPRAYKING GETTING SUBSCRIBED MORE THAN 6 TIMES. ITS NOT AVAILABLE TA SAME ISSUE PRICE. SAME WITH NARAYANI STEEL

WHY DO HELL PEOPLE APPLY FOR SME WHEN THEY ARE AVAILABLE AT SAME PRICE AFTER LISTING.

12.1. SNBC |   Link |Sep 18, 2016 9:57:19 PM
Yes u are ryt bro
Pantamoth seems to be in liquidity crunch.
Nor it is leaving much on the table.
11. CLD |   Link |Sep 8, 2016 10:50:33 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
listing on 14.09 on BSE SME platform
11.1. jagadish abbigeri |   Link |Sep 9, 2016 3:27:33 PM
what would be the timing of listing of sme''s stocks
10. ROMIL |   Link |Sep 7, 2016 6:21:24 PM
ALLOTMENT HAS COME CHECK IT NOW ON SHAREX
9. ROMIL |   Link |Sep 7, 2016 5:02:08 PM
WHAT IS THE EXPECTATION OF RATIO ALLOTMENT AND LISTING DATE
8. DURAI GOUNDER |   Link |Sep 7, 2016 2:28:29 PM
Dear Durairaj . what is the expected date of allotment. And listing gain.
8.1. Durairaj,Tirupur |   Link |Sep 8, 2016 12:22:30 AM
Top Contributor Top Contributor (300+ Posts)
Allottment Out http://www.sharexindia.com/ipo.php?a=1

Listing may be on 9th or 13 th
7. DURAI GOUNDER |   Link |Sep 7, 2016 1:13:43 PM
Dear Durairaj . what is the expected date of allotment. And listing gain.
6. Durairaj,Tirupur |   Link |Sep 2, 2016 7:12:44 PM
Top Contributor Top Contributor (300+ Posts)
Finally subscribed by 7.21 times.
let''s see the listing day response.....
5. SURE |   Link |Sep 2, 2016 6:00:59 PM
Bid and Quantity for SPRAYKING AGRO EQUIPMENT LTD
At BSE
Last updated on
9/2/2016 4:50:40 PM

Total      61,50,000 SHARES 6.9 Times
4. Durairaj,Tirupur |   Link |Sep 1, 2016 8:57:42 PM
Top Contributor Top Contributor (300+ Posts)
Looks Interesting subscribed by 1.64 times with bids for 14,64,000 shares by EOD 01.09.2016
3. CAN |   Link |Aug 31, 2016 7:10:06 PM
Bid and Quantity for SPRAYKING AGRO EQUIPMENT LTD
At BSE
Last updated on
8/31/2016 6:00:29 PM
Price ()       Quantity
21.00      36,000
Cut-off      12,000
Total      48,000
3.1. jagadish abbigeri |   Link |Sep 10, 2016 9:52:47 PM
What would be the timing of listing of sme''''s IPOs
2. CAN |   Link |Aug 31, 2016 12:11:41 PM
http://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=1170&type=FPO&idtype=1&status=L&IPONo=1242&startdt=8/31/2016
1. K Patalia |   Link |Aug 31, 2016 9:49:36 AM
Whether Apply?
1.1. Kishor Asher |   Link |Aug 31, 2016 7:04:55 PM
No, because latest financial statement available in RHP is as on 30.09.2015. They could have given for the period 31.03.2016.