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Starlit Power IPO is a fixed price issue of Rs 2.95 crores.
Starlit Power IPO bidding started from September 29, 2014 and ended on October 10, 2014. The shares got listed on BSE SME on October 22, 2014.
Starlit Power IPO price is ₹18 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹144,000.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Starlit Power IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
| IPO Date | September 29, 2014 to October 10, 2014 |
| Listing Date | October 22, 2014 |
| Face Value | ₹10 per share |
| Price | ₹18 per share |
| Lot Size | 8000 Shares |
| Total Issue Size | 1,640,000 shares (aggregating up to ₹2.95 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Investors can bid for a minimum of 8000 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 | 8000 | ₹144,000 |
| Retail (Max) | 1 | 8000 | ₹144,000 |
| Lot Size Calculator | |||
Starlit Power Systems Limited (SPSL) belongs to diversified Starlit Group. It is engaged in Smelting of Battery & Lead Scrap, manufacture, supply and export of pure lead, different Lead Alloys like Calcium Aluminum alloy Antimonial Alloy and Selenium Alloy, Lead Oxides like Lead Sub Oxide and Red Lead. SPSL has the smelting capacity of 15000 MT per annum and refining/alloying capacity of over 12000 MT per annum with technical capacity to convert assorted heterogeneous lead scrap into pure lead of up to 99.98 % purity.
It uses its captive producer gas as a fuel for all smelting and refining operations thereby considerably reducing dependence on Hydro-carbons like furnace oil and diesel. The biomass gassifier technology is Developed by TERI and approved by Ministry of New & Renewable Energy, Government of India.
Recently, SPSL has commissioned its battery project with the capacity to produce 10,000 batteries for automotive and inverter applications. Lead being an essential input in battery manufacturing and comprising over two-third of the battery cost, for this forward integration of converting the Company produced lead into batteries was a logical step forward for the Company. This project has gone on stream in July, 2014.
The objects of the Issue are:
1. Working Capital requirements;
2. General Corporate Purposes and
3. Issue Expenses
[Dilip Davda]
Avoid this costly bet that also has entry barrier on application as well as on trading post listing.
(Disclaimer: Author has no plans to invest in this IPO)
Read detail review...
| Listing Date | October 22, 2014 |
| BSE Script Code | 538733 |
| NSE Symbol | |
| ISIN | INE909P01012 |
| Final Issue Price | ₹18 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹18.00 |
| ₹18.10 |
| ₹18.10 |
| ₹18.95 |
| ₹18.95 |
Starlit Power Systems Limited
A � 1/20, LGF, Safdarjung Enclave,
New Delhi � 110029, India
Phone: (011) 26102570
Email: info@starlitlead.com
Website: http://www.starlitlead.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Starlit Power IPO is a SME IPO of 1,640,000 equity shares of the face value of ₹10 aggregating up to ₹2.95 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000 Shares.
The IPO opens on September 29, 2014, and closes on October 10, 2014.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Starlit Power IPO opens on September 29, 2014 and closes on October 10, 2014.
Starlit Power IPO lot size is 8000 Shares, and the minimum amount required is ₹144,000.
You can apply in Starlit Power 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 Starlit Power IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Starlit Power IPO allotment status.
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DURAISWAMY| Link | Bookmark |October 16, 2014 9:48:56 PM