Goldstar Power Ltd IPO

Goldstar Power Ltd

Issue Open

Sep 27, 2017

Price Band

₹ 25

Issue Size

₹ 7.25 Cr

Credit of Shares to Demat

-

Issue Close

Sep 29, 2017

Bid Lot

6000

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

6000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 10, 2017

Refunds

-

About the company:

 

Goldstar Power manufactures battery and market its products under brand ?Star Gold. Goldstar Power Limited is located at Hapa in Jamnagar, Gujarat. Company‘s major revenue is from sale of Battery and Lead Plates various measures ranging from IST 1000 to IST 2200, GS 400 to GS 1800 and GST, GSD and GSV versions.

 

Date of establishment: Goldstar Power Limited was incorporated in 1999

 

Product & Service Offering: Its product range includes various types of batteries like automotive batteries, tubular batteries, SMF series batteries, VRLA batteries, Solar batteries, Pure Lead and Alloy batteries.

 

 

Promoters of Goldstar Power Limited: Mulji Pansara and Amratlal Pansara are the promoter Goldstar Power Limited

 

Customer segment: Company caters to all three segments of market viz. exports, domestic/after sales market and OEM .Company’s batteries are generally used in cars manufactured by Tata, Maruti and Mahindra.

 

Objects of the Issue: The objects of the Offer is to:-
-     To meet  Working Capital Requirement
-     To meet General Corporate Purpose 

 

Company Financials:

 

Goldstar Power's financial performance (in INR crore)

   

FY2013

FY2014

FY2015

FY2016

FY2017

Total Assets

 

41

42.98

38.08

33.54

33.71

Total revenue

 

62.0

49.2

41.3

40.5

55.0

Total expenses

 

60.8

50.0

42.1

41.0

54.2

Profit after tax

 

0.7

0.3

-0.7

-0.4

0.9

 

 

FAQ’s

Can I trade an IPO through a Discount Broker?

What are the benefit of buying & selling IPOs through a discount broker?

How is it possible to trade an IPO through a discount broker when SEBI has made mandatory to buy an IPO through ASBA?

How can I buy and sell IPO through a discount broker?

What documents are required to open an account with Samco?