Goldstar Power IPO

Goldstar Power IPOBusiness description from prospectus – Goldstar Power is a battery manufacturing Company, manufacturing & marketing its products under flagship brand ―Star Gold. The company, Goldstar Power Limited is located at Hapa, Jamnagar on Jamnagar-Rajkot Highway, Gujarat with an integrated plant wherein battery scrap and discarded batteries procured from dealers and retailers are converted to finished product.

The company‘s major revenue is from sale of Battery and Lead Plates various measures ranging from IST 1000 to IST 2200, GS 400 to GS 1800 and GST, GSD and GSV versions. Its product range covers various types of batteries including automotive batteries, tubular batteries, SMF series batteries, VRLA batteries, Solar batteries, Pure Lead and Alloy batteries.

Promoters of Goldstar Power – Mulji Pansara and Amratlal Pansara

Goldstar Power IPO details

Subscription Dates 27 – 29 September 2017
IPO Price band INR25 per share
Fresh issue 2,898,000 shares (INR7.24 crore)
Offer for sale Nil
Total IPO size 2,898,000 shares (INR7.24 crore)
Minimum bid (lot size) 6,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

Goldstar Power’s financial performance (in INR crore)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 62.0 49.2 41.3 40.5 55.0
Total expenses 60.8 50.0 42.1 41.0 54.2
Profit after tax 0.7 0.3 -0.7 -0.4 0.9

Goldstar Power Limited
Behind Ravi Patrol pump
High-Way Road, at & post –Hapa
Jamnagar 361120, Gujarat

Phone: +91 0288 2571 120
Email: [email protected]


Subscription (no. of times)

Day 1 0.34
Day 2 0.52
Day 3 1.34


Earnings Per Share (EPS): INR1.17

Price/Earnings (P/E) ratio: 21.36

Return on Net Worth (RONW): 7.94%

Net Asset Value (NAV): INR14.72 per share

Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400 083
Maharashtra, India

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email[email protected]

Goldstar Power IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

IPO Opening Date: 27 September 2017

IPO Closing Date: 29 September 2017

Listing Date: 10 October 2017

Listing Price on NSE SME: INR27.3 per share (up 9.2% from IPO price)

Closing Price on NSE SME: NR26.3 per share (up 5.2% from IPO price)


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