The Supershakti Metaliks date has been confirmed from July 17, 2018 and ended on July 20, 2018.
Supershakti Metaliks Developers IPO is a fixed price issue of Rs 60.01 crores. The price is ₹375 per share. The minimum lot size for an application is 300 Shares. The minimum amount of investment required by retail investors is ₹112,500.
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Bidding Dates
July 17-20
Price Range
₹375 per share
Face Value
₹10 per share
GMP
₹460.00
Supershakti Metaliks IPO GMP
The Supershakti Metaliks IPO GMP is ₹460.00.
IPO Overview
The Supershakti Metaliks IPO is a fixed-price offering worth Rs 60.01 crores. Bidding for Supershakti Metaliks’ initial public offering (IPO) began on July 17, 2018 and finished on July 20, 2018. The Supershakti Metaliks IPO allotment was completed on Wednesday, July 25, 2018. On July 30, 2018, the shares were listed on the BSE SME. The IPO price for Supershakti Metaliks is 375 per share.
An application requires a minimum lot size of 300 Shares. Retail investors must make a minimum investment of ₹112,500. The Company offers the broadest product portfolio, allowing it to serve to a diverse range of applications across industries while also mitigating market volatility. The company now employs 376 people.
Supershakti Metaliks IPO Details
| IPO Date | July 17, 2018 to July 20, 2018 |
| Listing Date | July 30, 2018 |
| Face Value | ₹10 per share |
| Price | ₹375 per share |
| Lot Size | 300 Shares |
| Total Issue Size | 1,600,200 shares (aggregating up to ₹60.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 80,400 shares |
Supershakti Metaliks 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 | ||
| Total Assets | 11,902.75 | 16,699.84 | 16,699.84 | 0.68 | 0.80 | |
| Total Revenue | 36,008.73 | 30,102.41 | 24,566.87 | — | — | |
| Profit After Tax | 1,238.08 | 57.84 | 71.85 | (0.12) | (0.12) | |
Supershakti Metaliks IPO Timeline
| IPO Open Date | Tuesday, July 17, 2018 |
| IPO Close Date | Friday, July 20, 2018 |
| Basis of Allotment | Wednesday, July 25, 2018 |
| Initiation of Refunds | Thursday, July 26, 2018 |
| Credit of Shares to Demat | Friday, July 27, 2018 |
| Listing Date | Monday, July 30, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 20, 2018 |
Company Profile
Supershakti Metaliks Limited, situated in Kolkata, was founded in 2012 and is in the business of delivering varied steel products. The company is a subsidiary of the Sai Group, which has built out a name for itself in the iron and steel production industry. Durgapur is home to the company’s manufacturing factory. The company has a comprehensive product line with applications in several downstream sectors. It has numerous manufacturing processes within the Plant that allow it to answer client demands in record speed.
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 | Supershakti Metaliks Limited |
| Phone number | +91 33 2289 2734/35 |
| Email ID | info@ssml.in |
| Website | supershaktimetaliks.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.
