Salasar Techno Engineering IPO

Salasar Techno Engineering IPO

Salasar Techno Engineering IPOSalasar 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. The company provides 360 degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment.

Salasar Techno Engineering’s products include Telecommunication Towers, Power Transmission Line Towers, Smart Lighting Poles, Monopoles, Guard Rails, Substation Structures, Solar Module Mounting Structures and Customized Galvanized & Non-galvanized steel structures. Its services include providing complete engineering, procurement and control for projects such as Rural Electrification, Power Transmission Lines, and Solar Power Plants.

The company commenced its manufacturing/fabrication activities in the Financial Year 2006-07 when first unit became operational. With the addition of a second unit in 2008-09, it now provides all kinds of steel fabrication and infrastructure solutions in addition to Telecom Towers and its projects have been executed in all kinds of geographical locations nationally.  

Promoters of Salasar Techno Engineering – Gyanendra Kumar Agarwal, Alok Kumar, Shalabh Agarwal and Tripti Gupta

Salasar Techno Engineering IPO details
Subscription Dates 12 – 17 July 2017
Price Band INR108 per share
Fresh issue 3,321,000 shares (INR35.86 crore)
Offer For Sale Nil
Total IPO size 3,321,000 shares (INR35.86 crore)
Minimum bid (lot size) 125 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE, BSE
Salasar Techno Engineering’s financial performance (in INR crore)
FY2012 FY2013 FY2014 FY2015 FY2016 6M FY2017
Total revenue  108.9 212.9 292.6 330.4 310.2 154.2
Total expenses 110.6 205.8 282.3 318.1 292.8 141.6
Profit after tax 4.7 4.9 6.3 6.3 11.0 8.6

Salasar Techno Engineering Limited
E-20, South Extension I,
New Delhi-110 049

Phone: +91 11 4164 8566
Email: [email protected]

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]

Earnings Per Share (EPS): INR11.09

Price/Earnings (P/E) ratio: 9.74

Return on Net Worth (RONW): 14.62%

Net Asset Value (NAV): INR75.80 per share

Salasar Techno Engineering IPO Subscription Details

Category Shares offered Subscription (no. of times, at 6 PM)
Day 1 Day 2 Day 3 Day 4
NII 1,660,500 1.43 1.95 2.59 478.39
Retail 1,660,500 1.66 8.19 19.42 58.01
Total 3,321,000 1.55 5.07 11.00 272.59

Salasar Techno Engineering IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

IPO Opening Date: 12 July 2017

IPO Closing Date: 17 July 2017

Listing Date: 25 July 2017

Listing Price on NSE: INR250 per share (up 131.5% from IPO price)

Closing Price on NSE: INR262.5 per share (up 143% from IPO price)


  1. Please share the apply process for Salasar Techno, as it is not available on Kotak, ICICI, Sharekhan Trading accounts? I need to know from where to apply this particular IPO?

        • That means that your money is blocked for the IPO application and if you don’t get the allotment of shares, then that money will get credited back to your axis bank account. If you get share allotment, then only that much money will get deducted and rest will get deposited to your axis bank account.

  2. sir,
    can anyone explain me that some one told this scrip will be t group. what is t group, it will be traded on listing date and book profit as normal ipo,
    i applied 12 lots please reply

    • Yes…You can book as normal IPO… After listing no intra day trading will be allowed n moreover for next 20 days (including listing day) it will be traded only in +/-5% circuit

  3. I am not able to apply in ICICI direct… Through online banking of ICICI also not able to apply…Its not allowing to select the bid…

  4. With ICICI net banking got to top menu INVESTMENTS & INSURANCE -> Invest Online -> INVEST INT IPO. Select account and do the necessary debit card validation and apply for it.

  5. Whether.i should apply for one lot of fourteen application or fourteen lot of one application. In which chances of allotment is more. Please share your views.

  6. I have downloaded the form for salasar from bse site does anybody know where is the nearest bidding center to thane

  7. If I can apply 14 application of one lot on same PAN number on my name then there are chance of allotment.. Or it will consider 14 lot. If I will apply on different names then for each name seperate PAN , A/C No and Demetr required.
    Pl. Clarify my doubt.

    Salasar Techno IPO Listing on
    Cochin Shipyard IPO Listing on

  9. Today was supposed to be the allotment date for Salasar. Any update on this? Could not see it bigshareonline who is the registrar and transfer agent for this IPO.

  10. 2 me se 1 application ka amount unblock ho gaya hai same account me kya 1 me allotment mil gaya abhi tak koi msg nahi aaya hai

  11. Can anyone tell the criteria of issue ipo …i have applied for ipo (till now 3-4 ipo) but could not getting allotment…can anyone Plz tell that any trick to getting​ allotment…I am applying through SBI asba.

  12. Bharat Bhushan Kaura :New IPOS seen the game of companies at the time of allotment with the weaker retailors .some ratio must be alloted who applied only for one lot.All allotment is given to medium or rich investors.and allotment should be openly under IAS Officers

  13. New IPOs allotment should be under clear process openly under IAS Officers presence and should be take care of weaker investors also


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