Sarthak Metals IPO

Sarthak Metals IPO

Sarthak Metals IPO

 

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

Sarthak Metals IPO details

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

 

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

Profit after tax

1.7 2.4 2.6 2.9

3.7

 

Day Subscription (no. of times)
Day 1  0.09
Day 2  0.48
Day 3  0.70
Day 4  1.04
Day 5  1.91

Sarthak Metals Limited
B.B.C Colony, G.E. Road, Khursipar,
Bhilai - 490 011, Chhattisgarh

Phone: +91 788 3290 584
Email: cs@sarthakmetals.com
Website: www.sarthakmetals.com

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:
ipo@bigshareonline.com
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:  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)

Sarthak Metals IPO
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One thought on “Sarthak Metals IPO

  • March 20, 2017 at 11:35 AM
    Permalink

    Hi,
    How many times total subcriptions ?

    Reply

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