Business description – Saketh Exim manufactures and fabricates various steel products which are meant for applications in Pipe Support Systems, HVAC Systems, Anti-vibration System and Equipments for Industrial, Commercial, Utility and OEM Installations. The company manufactures various engineering products, metal and base metal products like G. I. nuts, various types of bolts, clamps, hangers etc. Further, its Product Portfolio includes all types of bathroom pipes, fittings, bathroom accessories and sanitary wares.
For financial year ended 31 March 2018, the company generated 61.22% of its sales from Manufacturing segment while the Trading segment contributed 38.78%. The company has 3 manufacturing units located at Vasai. These manufacturing units are strategically located providing locational advantages.
Promoters of Saketh Exim – Mr Sanjay J Patel, Mrs Smita S Patel, Mrs Taruna P Patel and Mrs Fatema S Kachwala
| Saketh Exim IPO details | |
| Subscription Dates | 1 – 3 August 2018 |
| IPO Price band | INR69 per share |
| Fresh issue | 11,123,000 shares (INR7.75 crore) |
| Offer for sale | 245,000 shares (INR1.69 crore) |
| Total IPO size | 1,368,000 shares (INR9.44 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Long Term Working Capital Requirements – INR7.30 crore
- General Corporate Purpose – INR0.03 crore
- Issue Expenses – INR0.42 crore
| Saketh Exim’s financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 33.2 | 37.5 | 46.7 | 51.4 | 62.0 | |
| Total expenses | 33.0 | 36.9 | 45.6 | 50.0 | 60.4 | |
| Profit after tax | 0.1 | 0.4 | 0.8 | 1.0 | 1.1 | |
Saketh Exim’s Contact Details
Saketh Exim Limited
Plot No- PAP D-146/147
TTC MIDC, Turbhe
Navi Mumbai – 400 705
Phone: +91 22 2762 0641
Email: [email protected]
Website: www.sakethexim.com
Saketh Exim Supershakti Metaliks IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.59 |
| Day 2 | 1.00 |
| Day 3 | 1.24 |
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Saketh Exim Valuation (For latest FY)
Earnings Per Share (EPS): INR2.96
Price/Earnings (P/E) ratio: 23.33
Return on Net Worth (RONW): 14.63%
Net Asset Value (NAV): INR18.78 per share
Registrar of Saketh Exim IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Saketh Exim IPO Allotment Status
Saketh Exim IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Saketh Exim
IPO Opening Date: 1 August 2018
IPO Closing Date: 3 August 2018
Finalisation of Basis of Allotment: 8 August 2018
Initiation of refunds:Â 9 August 2018
Transfer of shares to demat accounts: 10 August 2018
Listing Date: 13 August 2018
Listing Price on NSE SME: INR69.3 per share (up 0.43% from IPO price)
Closing Price on NSE SME: To be updated
