Goldstar Power Ltd IPO
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:
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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 |
|
Issue Detail
- Issue Open: Sep 27, 2017
- Issue Close: Sep 29, 2017
- Issue Type: Fixed Price Issue IPO
- Face Value: Rs 10 Per Equity Share
- Price Band: Rs 25 Per Equity Share
- Bid Lot:6000 Shares
- Minimum Order Quantity:6000 Shares
- Listing At: NSE SME
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Issue Size:
Rs 7.25 Cr
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