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Starlit Power Systems Limited IPO (Starlit Power IPO) Detail

Sep 29, 2014 - Oct 10, 2014

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.

Objects of the Issue

The objects of the Issue are:

1. Working Capital requirements;
2. General Corporate Purposes and
3. Issue Expenses

Starlit Power IPO Details

IPO Date Sep 29, 2014 to Oct 10, 2014
Listing Date Wednesday, October 22, 2014
Face Value ₹10 per share
Price ₹18 per share
Lot Size 8000 Shares
Issue Size1,640,000 shares of ₹10
(aggregating up to ₹2.95 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Starlit Power IPO Lot Size

The Starlit Power IPO lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹144,000).

Application Lots Shares Amount
Retail (Min) 1 8000 ₹144,000
Retail (Max) 1 8000 ₹144,000

Starlit Power IPO Review

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...

Starlit Power IPO Prospectus

Starlit Power IPO Rating

7
3.9
Rating:Rated 3.9 stars
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Starlit Power IPO Listing Date

Listing Date Wednesday, October 22, 2014
BSE Script Code 538733
NSE Symbol
Listing In MT Group of Securities
ISIN INE909P01012
IPO Price ₹18 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹18.00
₹18.10
₹18.10
₹18.95
₹18.95

Company Contact Information

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

Starlit Power IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Starlit Power IPO Review

Starlit Power IPO Recommendation Summary

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Starlit Power IPO FAQs

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 Sep 29, 2014, and closes on Oct 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 Sep 29, 2014 and closes on Oct 10, 2014.

Starlit Power IPO lot size is 8000 Shares and the minimum order quantity is .

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, Edelweiss, 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.

The Starlit Power IPO listing date is on Wednesday, October 22, 2014.
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1 Comments

1. DURAISWAMY |   Link |Oct 16, 2014 10:48:56 PM
Dhabriya Polywood Limited IPO is LISTING ON 17-10-2014