The Salasar Techno IPO date has been confirmed to have started on July 12, 2017 and ended on July 17, 2017.
Using an IPO, Salasar Techno is seeking to raise Rs 35.87 crore. Its price is ₹108 per share and the minimum lot size for an application is 125 shares. The minimum amount of investment required by retail investors is ₹13,500.
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Bidding Dates
July 12-17
Price Range
₹108 per share
Face Value
₹10 per share
GMP
₹50.75
Salasar Techno IPO GMP
The Salasar Techno Limited IPO GMP is ₹50.75.
IPO Overview
Salasar Techno’s initial public offering (IPO) has a set price of Rs 35.87 crore. Bidding for the Salasar Techno IPO began on July 12, 2017 and finished on July 17, 2017. On July 25, 2017, the shares were listed on the BSE and NSE. Salasar Techno’s initial public offering (IPO) price is 108 per share. A minimum lot size of 125 shares is required for an application. Retail investors must make a minimum investment of $13,500.
Salasar also provides engineering, procurement, and control services for projects involving rural electrification, electricity transmission lines, and solar power plants. Furthermore, the company performs civil foundation work, on-site building of telecom and transmission towers, including painting, and EPC turnkey projects for solar mounting structures. STEL offers complete engineering, procurement, and control services for projects such as rural electrification, power transmission lines, and solar power plants. The company distributes galvanised items to South Africa, Myanmar, and other countries.
Salasar Techno IPO Details
| IPO Date | July 12, 2017 to July 17, 2017 |
| Listing Date | July 25, 2017 |
| Face Value | ₹10 per share |
| Price | ₹108 per share |
| Lot Size | 125 Shares |
| Total Issue Size | 3,321,000 shares (aggregating up to ₹35.87 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE, NSE |
Salasar Techno Company Financials
| Particulars | For the year/period ended (in Rs. Million) | ||||||
|---|---|---|---|---|---|---|---|
| 30-Sep-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | ||
| Total Assets | 1,678.71 | 1,540.29 | 1,457.10 | 1,667.45 | 1,114.96 | 989.02 | |
| Total Revenue | 1,472.79 | 2,768.14 | 2,761.20 | 2,452.23 | 1,675.12 | 1,069.75 | |
| Profit After Tax | 75.39 | 102.00 | 46.13 | 54.99 | 30.47 | 64.62 | |
Salasar Techno IPO Listing Details
| Listing Date | July 25, 2017 |
| BSE Script Code | 540642 |
| NSE Symbol | SALASAR |
| ISIN | INE170V01019 |
| Final Issue Price | ₹108 per share |
Company Profile
Salasar Techno Engineering Ltd., founded in 2001, is a manufacturer of galvanised steel products. Telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures, and customised galvanised and non-galvanized steel structures are among the company’s products.
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 | Salasar Techno Engineering Ltd |
| Phone number | +91 11 41648566/8577 |
| Email ID | compliance@salasartechno.com |
| Website | salasartechno.com |
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.
