Salasar Techno Engineering IPO
Salasar 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.
SALASAR TECHNO ENGINEERING IPO ALLOTMENT DETAILS
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|
|Listing On||NSE, BSE|
|Salasar Techno Engineering’s financial performance (in INR crore)|
|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
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
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|
Salasar Techno Engineering IPO allotment status is now available on Bigshare Services’ website.
Click on this linkto 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)