Business description – Supershakti Metaliks was incorporated on 12 December 2012 as ‘Quentz Dealtrade Private Limited’ but was renamed vide special resolution passed at the Extra Ordinary General Meeting held on 22 October 2014. The company provides diversified products of steel, manufactured at its plant located at Kanjilal Avenue, Opp. DPL Zone “B” Substation, Durgapur – 713210 spread over 11.27 acres. The plant is fully geared with latest technologies to provide competitive edge in the industry.
The company is operating a Steel Melting Section with installed capacity of 1,35,000 MTPA to produce semi finished product (i.e. Billet) and Rolling Mill Section with installed capacity of 1,62,000 MTPA to produce Wire Rods, HB Wires, Binding Wires etc. in its plant. The company is using Electrotherm equipments for Induction furnace and Armech Engineering machineries for its Block Mill.
Promoters of Supershakti Metaliks – Mr Dilipp Agarwal, Mr Deepak Agarwal, Veerbhadra Sales Private Limited & Khandelwal Finance Private Limited
| Supershakti Metaliks IPO details | |
| Subscription Dates | 17 – 20 July 2018 |
| IPO Price band | INR375 per share |
| Fresh issue | 800,200 shares (INR30.01 crore) |
| Offer for sale | 800,000 shares (INR30.00 crore) |
| Total IPO size | 1,600,200 shares (INR60.01 crore) |
| Minimum bid (lot size) | 300 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working Capital Requirements – INR23.20 crore
- General Corporate Purpose – INR6.34 crore
- Issue Expenses – INR0.46 crore
| Supershakti Metaliks’ financial performance (in INR lakh) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 0.0 | 0.0 | 24,566.9 | 30,102.4 | 36,008.7 | |
| Total expenses | 0.1 | 0.1 | 24,466.8 | 30,026.6 | 34,118.5 | |
| Profit after tax | -0.1 | -0.1 | 71.8 | 57.8 | 1,238.1 | |
Supershakti Metaliks’ Contact Details
Supershakti Metaliks Limited
39, Shakespeare Sarani
3rd Floor, Kolkata
West Bengal – 700017
Phone: +91 33 2289 2734/35
Email: [email protected]
Website: www.supershaktimetaliks.com
Supershakti Metaliks IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.55 |
| Day 2 | 0.73 |
| Day 3 | 0.88 |
| Day 4 | 1.08 |
Supershakti Metaliks Valuation (For latest FY)
Earnings Per Share (EPS): INR24.95
Price/Earnings (P/E) ratio: 15.03
Return on Net Worth (RONW): 22.68%
Net Asset Value (NAV): INR110.03 per share
Registrar of Supershakti Metaliks IPO
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Supershakti Metaliks IPO Allotment Status
Supershakti Metaliks IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Supershakti Metaliks
IPO Opening Date: 17 July 2018
IPO Closing Date: 20 July 2018
Finalisation of Basis of Allotment: 25 July 2018
Initiation of refunds: 26 July 2018
Transfer of shares to demat accounts: 27 July 2018
Listing Date: 30 July 2018
Listing Price on BSE SME: INR377.10 per share (up 0.56% from IPO price)
Closing Price on BSE SME: INR376.50 per share (up 0.40% from IPO price)
Wow, high profits just before IPO! Sure shot indication the books are cooked.