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Sprayking Agro Equipment Ltd IPO (Sprayking Agro IPO) Detail

August 31, 2016 - September 2, 2016

Sprayking Agro IPO is a fixed price issue of Rs 1.86 crores.

Sprayking Agro IPO bidding started from August 31, 2016 and ended on September 2, 2016. The shares got listed on BSE SME on September 14, 2016.

Sprayking Agro IPO price is ₹21 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹126,000.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Sprayking Agro IPO, while Sharex Dynamic (India) Pvt Ltd is the registrar for the issue.

Refer to Sprayking Agro IPO RHP for detailed information.

Sprayking Agro IPO Details

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

Sprayking Agro IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

About Sprayking Agro Equipment Ltd

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 (Sprayking Agro IPO Objectives)

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 Review (May apply)

[Dilip Davda]  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
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Sprayking Agro IPO Listing Details

Listing Date September 14, 2016
BSE Script Code 540079
NSE Symbol
ISIN INE537U01011
Final Issue Price ₹21 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹21.00
₹24.00
₹21.75
₹24.00
₹21.80

Check IPO Performance…

Sprayking Agro Equipment Ltd Contact Details

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:

Sprayking Agro IPO - Buy or Not

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 August 31, 2016, and closes on September 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 August 31, 2016 and closes on September 2, 2016.

Sprayking Agro IPO lot size is 6000 Shares, and the minimum amount required is ₹126,000.

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, Nuvama, 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 September 14, 2016.
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Sprayking Agro IPO Message Board

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

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19 Comments

14. Kumawat Boy |   Link |  Bookmark |September 26, 2016 1:49:19 PM
going subscription now up up up up up up up up
13. PSR |   Link |  Bookmark |September 19, 2016 11:19:47 AM
IPO Guru IPO Guru (1200+ 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 |  Bookmark |September 15, 2016 10:08:36 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 |  Bookmark |September 18, 2016 8:57:19 PM
Yes u are ryt bro
Pantamoth seems to be in liquidity crunch.
Nor it is leaving much on the table.
11. CLD |   Link |  Bookmark |September 8, 2016 9:50:33 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
listing on 14.09 on BSE SME platform
11.1. jagadish abbigeri |   Link |  Bookmark |September 9, 2016 2:27:33 PM
what would be the timing of listing of sme''s stocks
10. ROMIL |   Link |  Bookmark |September 7, 2016 5:21:24 PM
ALLOTMENT HAS COME CHECK IT NOW ON SHAREX
9. ROMIL |   Link |  Bookmark |September 7, 2016 4:02:08 PM
WHAT IS THE EXPECTATION OF RATIO ALLOTMENT AND LISTING DATE
8. DURAI GOUNDER |   Link |  Bookmark |September 7, 2016 1:28:29 PM
Dear Durairaj . what is the expected date of allotment. And listing gain.
8.1. Durairaj,Tirupur |   Link |  Bookmark |September 7, 2016 11:22:30 PM (300+ Posts)
Allottment Out http://www.sharexindia.com/ipo.php?a=1

Listing may be on 9th or 13 th
7. DURAI GOUNDER |   Link |  Bookmark |September 7, 2016 12:13:43 PM
Dear Durairaj . what is the expected date of allotment. And listing gain.
6. Durairaj,Tirupur |   Link |  Bookmark |September 2, 2016 6:12:44 PM (300+ Posts)
Finally subscribed by 7.21 times.
let''s see the listing day response.....
5. SURE |   Link |  Bookmark |September 2, 2016 5:00:59 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 |  Bookmark |September 1, 2016 7:57:42 PM (300+ Posts)
Looks Interesting subscribed by 1.64 times with bids for 14,64,000 shares by EOD 01.09.2016
3. CAN |   Link |  Bookmark |August 31, 2016 6:10:06 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 |  Bookmark |September 10, 2016 8:52:47 PM
What would be the timing of listing of sme''''s IPOs
2. CAN |   Link |  Bookmark |August 31, 2016 11:11:41 AM
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 |  Bookmark |August 31, 2016 8:49:36 AM
Whether Apply?
1.1. Kishor Asher |   Link |  Bookmark |August 31, 2016 6:04:55 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.