Salasar Techno Engineering is the upcoming Initial Public Offer (IPO) which is knocking the doors of investors…..
I am sure in the current BULL RUN, small and medium investors are running after all IPO’s to get good listing gains !!!
This is the first IPO coming in the month of July after many IPO’s in June which include names like CDSL, Tejas Networks, GTPL Hathway, Eris Lifesciences and AU Small Finance Bank.
I am sure you might be searching for all details about Salasar Techno IPO.
Salasar Techno Engineering is an ISO 9001: 2008, 14001: 2004 and 18001: 2007 certified company that addresses the changing needs of the customers in Infrastructure space.
The company is a provider of customised steel fabrication and infrastructure solutions in India for Telecommunication Towers, Transmission Towers & Substation Structures and Solar Module Mounting Structures.
company has posted excellent financial results with revenues increasing from Rs 310 crore in FY 2016 to 384.29 crore for FY 2017 and net profits going up from Rs 11.04 crore to Rs 20.74 crore in the same period on consolidated basis.
Salasar Techno Promoters:
- Mr. Gyanendra Kumar Agarwal,
- Mr. Alok Kumar,
- Mr. Shalabh Agarwal and
- Ms. Tripti Gupta
Salasar Techno Engineering IPO Detail :
Issue Open: Jul 12, 2017 – Jul 17, 2017
Issue Type: Fixed Price Issue IPO
Issue Size: 3,321,000 Equity Shares of Rs 10 aggregating up to Rs 35.87 Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 108 Per Equity Share
Market Lot: 125 Shares
Minimum Order Quantity: 125 Shares
Listing At: BSE, NSE
Important Dates of Salasar Techno Engineering IPO :
Bid/Offer Opens On: July 12, 2017
Bid/Offer Closes On: July 17, 2017
Finalisation of Basis of Allotment: On or about July 22, 2017
Initiation of refunds: On or about July 23, 2017
Credit of Equity Shares to demat accounts: On or about July 23, 2017
Commencement of trading of the Equity Shares on the Stock Exchanges: On or about July 25, 2017
Download Red Herring Prospectus of Salasar Techno IPO :
Grey Market Premium (GMP) of Salasar Techno :
According to market reports and information available online, currently the Grey market premium (As of July 6) for Salasar Techno IPO stands somewhere between 10 – 15 Rs. per share.
This means people are expecting a listing gains of around 10 to 15% for this IPO.
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Company Contact Information :
Salasar Techno Engineering Ltd
E-20, South Extension I,
Phone: +91 11 41648566/8577
Salasar Techno IPO Registrar :
Bigshare Services Pvt. Ltd
Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai – 400 072
Fax: 91-22-2847 5207
Salasar Techno IPO Lead Manager(s) :
1. Sarthi Capital Advisors Private Limited