The Saketh Exim date has been confirmed from August 1, 2018 and ended on August 3, 2018.
Saketh Exim Developers IPO is a fixed price issue of Rs 9.44 crores. The price is ₹69 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹138,000.
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Bidding Dates
August 1-3
Price Range
₹69 per share
Face Value
₹10 per share
GMP
₹270.00
Saketh Exim IPO GMP
The Saketh Exim IPO GMP is ₹270.00.
IPO Overview
Saketh Exim IPO is a fixed-price issuance worth Rs 9.44 crore. Saketh Exim’s IPO bidding began on August 1, 2018, and finished on August 3, 2018. The allotment for the Saketh Exim IPO was completed on Wednesday, August 8, 2018. The shares were floated on the NSE SME on August 13, 2018. Saketh Exim’s IPO price is ₹69/share. The minimum lot size for an application is 2000 shares. The minimum investment for retail investors is ₹138,000.
The revenue from operations for the fiscal years ending 2014-15, 2015-16, and 2016-17 was Rs 3,748.30 lakhs, Rs 4,668.77 lakhs, and Rs 5,132.56 lakhs, respectively. The company’s net profit after tax has increased by 91.07% and 24.06% during the past three years. The company has 37 employees on payroll.
Saketh Exim IPO Details
| IPO Date | August 1, 2018 to August 3, 2018 |
| Listing Date | August 13, 2018 |
| Face Value | ₹10 per share |
| Price | ₹69 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,368,000 shares (aggregating up to ₹9.44 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 72,000 shares |
Saketh Exim Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 3,717.27 | 2,445.78 | 1,562.01 | 1,812.55 | 1,550.80 | 842.20 |
| Total Revenue | 6,199.76 | 5,140.47 | 4,672.11 | 3,749.45 | 3,321.15 | 1,930.61 |
| Profit After Tax | 107.12 | 95.55 | 77.02 | 40.31 | 13.31 | 13.87 |
Saketh Exim IPO Timeline
| IPO Open Date | Wednesday, August 1, 2018 |
| IPO Close Date | Friday, August 3, 2018 |
| Basis of Allotment | Wednesday, August 8, 2018 |
| Initiation of Refunds | Thursday, August 9, 2018 |
| Credit of Shares to Demat | Friday, August 10, 2018 |
| Listing Date | Monday, August 13, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 3, 2018 |
Company Profile
Saketh Exim Limited, founded in 2010, is a Mumbai-based firm that manufactures and fabricates a wide range of steel products used in Pipe Support Systems, HVAC Systems, Anti-vibration Systems, and Equipment for Industrial, Commercial, Utility, and OEM installations. The company makes engineering, metal, and base metal items such as bolts, clamps, G.I. nuts, and hangers, among others. It also offers a wide range of bathroom accessories, pipes, fittings, and sanitary products. The company also trades in textile items such as fancy shirtings and finished
fabrics. Saketh Exim has three industrial plants in Vasai. For the six months ending September 30, 2017, Manufacturing generated 46.26% of the company’s revenue, while Trading contributed 53.74%.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Saketh Exim Limited |
| Phone number | +91 22 2762 0641/42/43 |
| Email ID | info@sakethexim.com |
| Website | tembo.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
