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Sarthak Metals IPO
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Sarthak Metals Limited is engaged into manufacturing of wide variety of Cored wires, Aluminum Flipping coils, Industrial Oxygen gas, having wide application in various industries including Steel plants, Fabrication units, and Foundries. The company is also a manufacturer and supplier of wire feeder machines that are known for drawing wires of 9 mm to 15 mm diameter. Sarthak Metals is also engaged in the business of trading of iron & steel and of carbon dioxide gas.
The company forms the part of Desh Raj Bansal Group, Bhilai and commenced its operations in the year 1997 to manufacture industrial oxygen gas. Later in the year 2002, the company diversified its product base by manufacturing cored wires and aluminum flipping coils. Sarthak Metals also started manufacturing of wire feeder machines since 2012.
Sarthak Metals is headquartered in Bhilai, Chhattisgarh and currently has two manufacturing units located at Bhilai and Raipur, spread over an area of 1,23,560 sq.ft and 22,000 sq. ft (approximately) respectively, giving it competitive edge in the industry.
Promoters of Sarthak Metals – Anoop Kumar Bansal, Manoj Kumar Bansal, Kishore Kumar Bansal and Sanjay Shah
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Sarthak Metals IPO details |
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| Subscription Dates | 10 – 17 Mar 2017 |
| IPO Price band | INR30 per share |
| Fresh issue | 1,600,000 shares (INR4.8 crore) |
| Offer for sale | 2,036,000 shares (INR6.1 crore) |
| Total IPO size | 3,636,000 shares (INR10.9 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
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Sarthak Metals’ financial performance (in INR crore) |
|||||
| FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | |
| Total revenue |
100.5 |
113.3 | 147.2 | 151.5 |
128.7 |
| Total expenses |
98.0 |
109.9 | 143.3 | 147.3 |
123.2 |
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Profit after tax |
1.7 | 2.4 | 2.6 | 2.9 |
3.7 |
Â
| Day | Subscription (no. of times) |
| Day 1 | Â 0.09 |
| Day 2 | Â 0.48 |
| Day 3 | Â 0.70 |
| Day 4 | Â 1.04 |
| Day 5 | Â 1.91 |
Sarthak Metals Limited
B.B.C Colony, G.E. Road, Khursipar,
Bhilai – 490 011, Chhattisgarh
Phone:Â +91 788 3290 584
Email: [email protected]
Website: www.sarthakmetals.com
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22Â 4043 0200Â
Fax: +91 22Â 2847Â 5201
Email: [email protected]
Website: www.bigshareonline.com
Sarthak Metals IPO allotment status is now available on Bigshare Services Private Limited website. Click on this link to get allotment status.
IPO Opening Date: 10 March 2017
IPO Closing Date: Â 17 March 2017
Listing Date: 27 March 2017
Listing Price on BSE SME: INR29.45 per share (discount of 1.8% over IPO price)
Closing Price on BSE SME: INR30.5 per share (return of 1.6% over IPO price)
Hi,
How many times total subcriptions ?