Salasar Exteriors IPO

Salasar Exteriors IPOSalasar Exteriors IPO description – Salasar Exteriors plans, researches, coordinates & execution, and manages such projects. The company is into multifaceted profession that includes conceptual development, space planning, site inspections, programming, research, communicating with the teams of a project, construction management, and execution as per planning.

The company has expertise in corporate offices, commercials, budget hotels, residential, hospitals, hostels, departmental stores and healthcare projects. It offers interior infrastructure products along with providing mechanical, electrical plumbing and finishing works, super steel and structural work, furniture work and fire-fighting work of residential, commercial, hotels, guest house, hospitals and research centers, schools & colleges, airports & metro station infrastructural & finishing works. It undertakes projects on turnkey basis where we are involved right from creation of the structure to implementation of plans along with installation and providing of other allied interior finishing, furniture mechanical, electrical, plumbing (MEP) and services.

The company entered into a Business Succession Agreement to takeover the business of a Sole Proprietorship Concern run and managed in the name and style of “M/s. Salasar Exteriors” by Mr Shreekishan Joshi (Proprietor), also one of the promoters of Salasar Exteriors. M/s. Salasar Exteriors was formed in the year 2006.

Salasar Exteriors promoters – Mr Shreekishan Joshi and Mr Videh Shreekishan Joshi
Salasar Exteriors – Upcoming IPO details
Subscription Dates 28 August – 3 September 2019
IPO Price band INR36 per share
Fresh issue 2,360,000 shares (INR8.50 crore)
Offer for sale Nil
Total IPO size 2,360,000 shares (INR8.50 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge platform
Salasar Exteriors IPO: Use of funds
  • Working capital requirements
  • General corporate purposes
  • Issue expenses
Salasar Exteriors’ financial performance (in INR lakh)
Up to 31 July 2019
Total revenue 177.8
Total expenses 167.5
Profit after tax 7.7
Salasar Exteriors Contact Details
Salasar Exteriors and Contour Limited 
A-922/923, Corporate Avenue, Sonawala Road
Near Udyog Nagar Bhuvan
Goregaon East, Mumbai – 400063 Phone: +91 22–67083366
Email: [email protected]
Salasar Exteriors IPO Subscription Details

Subscription (no. of times)

Day 1 0.13
Day 2 0.38
Day 3 0.46
Day 4 1.09
Salasar Exteriors Valuation (as of 31 July 2019)

Earnings Per Share (EPS): INR7.66

Price/Earnings (P/E) ratio: 4.70

Return on Net Worth (RONW): 43.37%

Net Asset Value (NAV): INR17.66 per share

Registrar of Salasar Exteriors IPO
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana Phone: +91 40 6716 2222 
 +91 40 2343 1551 
[email protected]
Salasar Exteriors IPO Allotment Status

Salasar Exteriors IPO allotment status is now available on Karvy website. Click on this link to get allotment status.

Listing performance of Salasar Exteriors

IPO Opening Date: 28 August 2019

IPO Closing Date: 3 September 2019

Listing Date: 12 September 2019

Listing Price on NSE SME: INR36 per share (no change from IPO price)

Closing Price on NSE SME: INR36 per share (no change from IPO price)


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