Saketh Exim Limited IPO

Add to Calendar 2018-08-01 12:00 AM 2018-08-03 12:00 AM Asia/Kolkata Saketh Exim Limited IPO Saketh Exim Limited India

Saketh Exim Limited was incorporated as ‘Saketh Exim Private Limited’ in the year 2010 under Indian Companies Act 1956 by Registrar of Companies, Mumbai. The company is basically involved in the manufacturing and fabricating several steel products that are designed for implementations in the Pipe Support Systems, HVAC Systems, Anti-vibration System and Equipment for Industrial, Commercial, Utility and OEM Installations. It also creates various engineering products, metal and base products that includes G.I. nuts, clamps etc.

Date of Incorporation: Saketh Exim Limited was incorporated as Saketh Exim Private Limited on 16th of June 2010 under the Companies Act 1956 by the Registrar of Companies, Mumbai.  Eventually, the company was reformed to the public limited company and it was renamed to Sakth Exim Limited on 19th of December 2018 by Registrar of Companies, Mumbai.

Promoters of Saketh Exim Limited: Mr Sanjay J Patel, Mrs Smita S Patel, Mrs Taruna P Patel and Mrs Fatema S Kachwala are the promoters of Saketh Exim Limited.

Products and Services Offering: Saketh Exim Limited has an overall widen products and services model that manufactures and fabricates various steel products which are meant for its application in Pipe Support Systems, HVAC Systems, Anti-vibration System and Equipment for Industrial, Commercial, Utility and OEM Installations. It is also involved in the manufacturing of various engineering products, metal and base metal products like G.I. nuts, various types of bolts, clamps, hangers among others. In addition to this, its product portfolio also comprises all types of bathroom pipes, fittings, bathroom accessories and sanitary wares.

Customer Segments: Saketh Exim Limited has a good customer base in India as well as internationally which includes International Companies like Technopro Middle East FZCO, Hamat Alezz Trading Est., Bin Dasmal General Trading Co LLC., Al Sayed Center A/C & Refrigeration Materials among others. Its customer's segments are spread across the USA and various countries in the Middle East serving to various companies across several industries.

Objectives of Saketh Exim Limited IPO: The objects of the issue of Saketh Exim Limited IPO comprises of Fresh Issue and an Offer for Sale by Selling Shareholder.

The objective of the Fresh Issue are:

  • Funding Long-Term Working Capital Requirements.

  • Funding Expenditure for General Corporate Purposes.

Note: It would not receive any proceeds from Offer for Sale by the Selling Shareholder.

Company Financials:

Particulars

For the year/period ended (in Rs. Lakhs)

 

30-Sep-17

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

Total Assets

3,641.06

2,446.68

1,562.91

1,813.45

1,551.70

842.2

Total Revenue

3,493.73

5,140.47

4,672.11

3,749.45

3,321.15

1,930.61

Profit After Tax

72.78

95.55

77.02

40.31

13.31

13.87

Issue Detail

  • Issue Open: Aug 01, 2018
  • Issue Close: Aug 03, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 69 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 9.44 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 648,000 648,000 - - 1,296,000
Day 1 - Aug 01, 2018IST - 710,000 100,000 - - 810,000
Day 2 - Aug 02, 2018IST - 1,130,000 232,000 - - 1,362,000

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 69.00
Open - Rs 69.30
Low - Rs 69.10
High - Rs 69.45
Last Trade - Rs 69.40
Volume - 256,000

Saketh Exim Limited Red Herring Prospectus

Saketh Exim Limited User Rating

Votes
0

Saketh Exim Limited Life IPO Reviews

Saketh Exim Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker

Comments

Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us