Goldstar Power Ltd IPO

Add to Calendar 2017-09-27 12:00 AM 2017-09-29 12:00 AM Asia/Kolkata Goldstar Power Ltd IPO Goldstar Power Ltd India


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)







Total Assets







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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
  • Issue Size: • Rs 7.25 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Day 0 - Sep 27, 2017IST 0 948,000 48,000 - - 996,000
Day 1 - Sep 28, 2017IST 0 1,200,000 312,000 - - 1,512,000
Day 2 - Sep 29, 2017IST 0 2,934,000 942,000 - - 3,876,000

Listing Day Trading Information

Issue Price - Rs 25.00
Open - Rs 27.30
Low - Rs 26.30
High - Rs 29.60
Last Trade - Rs 26.30
Volume - 330,000

Goldstar Power Ltd Red Herring Prospectus

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