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Salasar Techno Engineering Ltd IPO (STEL IPO) Details

Salasar Techno Engineering Ltd IPO (STEL IPO) Details:

Salasar Techno Engineering Ltd manufactures galvanized steel products in India. Its products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures, and customized galvanized and non-galvanized steel structures.

It also offers engineering, procurement, and control services for rural electrification, power transmission lines, and solar power plant projects. In addition, the company undertakes civil foundation works, and erection of telecom and transmission towers at site, including painting, as well as EPC turnkey projects for solar mounting structures.

The company exports its galvanized products to South Africa, Myanmar, etc. Salasar Techno Engineering Ltd was incorporated in 2001 and is based in New Delhi, India.

OBJECTS OF THE ISSUE:

Company proposes to utilize the funds which are being raised towards funding the following objects:

  1. To meet the working capital requirements of the Company including margin money;
  2. General Corporate Purpose;
  3. To meet the Issue Expenses.

Salasar Techno Engineering Ltd IPO (STEL IPO) Details:

  1. Issue Open: July 12, 2017 – July 17, 2017
  2. Issue Type: Fixed Price Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 3,321,000 Equity Shares of Rs 10 aggregating up to Rs 35.87 Cr
  5. Issue Price: Rs 108 Per Equity Share
  6. Market Lot: 125 Shares
  7. Minimum Order Quantity: 125 Shares
  8. Listing At: BSE, NSE

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of Salasar Techno Engineering Ltd IPO (STEL IPO):

SARTHI CAPITAL ADVISORS PRIVATE LIMITED
Unit No. 411, 4th Floor, Pratap Bhawan,
5, Bahadurshah Zafar Marg,
New Delhi – 110002
Tel: (011) 23739425/26/27 Fax: (011) 23739424
Investor Grievance Email: ipo@sarthiwm.in

REGISTRAR TO THE OFFER of Salasar Techno Engineering Ltd IPO (STEL IPO):

BIGSHARE SERVICES PRIVATE LIMITED
E2 Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri East, Mumbai- 400072
Tel: (022) 40430200 Fax: (022) 28475207
Email: ipo@bigshareonline.com

Salasar Techno Engineering Ltd IPO (STEL IPO) Draft Red Herring Prospectus (DRHP):

Salasar Techno Engineering Ltd (STEL) IPO Prospectus

Day Wise Salasar Techno Engineering Ltd (STEL) IPO Subscription Figures

Salasar Techno Engineering Ltd (STEL) IPO Subscription Details
CategoryTotal Quota
(No. of Shares offered)
Subscription (No. of times Subscribed)
Day 1Day 2Day 3Day 4
Qualified Institutional Buyers (QIBs) 0.000.00 0.00 0.00
Non Institutional Investors (NIIs) 1660500 1.44 1.95 2.59 478.39
Retail16605001.668.20 19.42 58.89
Total 3321000 1.555.0711.01273.03

Salasar Techno Engineering Ltd IPO (STEL) IPO Tentative Allotment and Listing Dates Schedule:

  • 12/Jul/17 – Bid/Offer Opening Date
  • 17/Jul/17 – Bid/Offer Closing Date
  • 20/Jul/17 – Finalisation of Basis of Allotment
  • 21/Jul/17 – Unblocking of Funds from ASBA Account
  • 24/Jul/17 – Credit of Equity Shares to Demat Account
  • 25/Jul/17 – Commencement of Trading on NSE/BSE

* To Be Updated

Salasar Techno Engineering Ltd IPO (STEL) IPO Grey Market Premium (GMP):

Salasar Techno Engineering Ltd IPO (STEL) IPO Grey Market Premium (GMP) is started trading at Rs 85 – Rs 87 per equity share. But Subject To Allotment Premium of Salasar Techno Engineering IPO is trading at Rs 8000 per application.

How To Check Salasar Techno Engineering Ltd IPO (STEL) IPO Application Status:

To clear that doubt and to check Salasar Techno Engineering Ltd IPO (STEL) IPO application status just use the below links and you can check it as follow:

Check Salasar Techno Engineering Ltd IPO (STEL) IPO Application Status at BSE:  BSE Website

Check Salasar Techno Engineering Ltd IPO (STEL) IPO Application Status at NSE NSE Website

To Check Salasar Techno Engineering Ltd IPO (STEL) IPO Application Status :

  1. Click on Links provided above
  2. Select Salasar Techno Engineering Ltd IPO (STEL) IPO from the drop Down Menu.
  3. Provide your PAN Number.
  4. Provide your Application Number.
Salasar Techno Engineering Ltd IPO (STEL) IPO Allotment Status:

To Check Salasar Techno Engineering Ltd IPO (STEL) IPO Allotment Status : Click Here

  1. Select Salasar Techno Engineering Ltd IPO (STEL) IPO from the first drop Down Menu
  2. Select PAN Card from the second drop Down Menu
  3. Provide your PAN Number.

Market Update:

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While Au Financiers IPO Grey Market Premium (AUFIL GMP) also started trading at Rs 88 – Rs 90 per equity

Some SME IPO will also be active in market in coming week.

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