Salasar Techno Engineering Ltd IPO

Add to Calendar 2017-07-12 12:00 AM 2017-07-17 12:00 AM Asia/Kolkata Salasar Techno Engineering Ltd IPO Salasar Techno Engineering Ltd India

Salasar Techno Engineering Limited is one of the leading provider of steel and infrastructure solutions in India. They are engaged in manufacturing galvanized steel products. Their products are exported all over the world.
Date of establishment: Salasar Techno Engineering was established in 2001.  
Product & Service Offering: Salasar Techno Engineering manufactures products including monopoles, solar module mounting structures, telecommunication towers and customized galvanized and non-galvanized steel structures. The company also provides procurement, engineering and control services for power transmission lines, rural electrification and solar power plants.
Promoters of Salasar Techno Engineering Ltd.: The promotors of the firm are Mr. Gyanendra Kumar Agarwal, Mr. Alok Kumar, Mr. Shalabh Agarwal and Ms.Tripti Gupta.
Customer segment: The company offers its services to clients in the infrastructure sector and their clientele includes ABB, LANCO, BHEL etc.
Objects of the Issue:
The objects of the issue are:
-      Working capital requirements including margin money
-      General corporate purposes
-      Issue related expenses


Company Financials:
For the year/period ended (in Rs. Million)







Total Assets







Total Revenue







Profit After Tax










Issue Detail

  • Issue Open: Jul 12, 2017
  • Issue Close: Jul 17, 2017
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 108 Per Equity Share
  • Bid Lot:125 Shares
  • Minimum Order Quantity:125 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 35.87 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 1,660,500 1,660,500 - - 3,321,000
Day 1 - Jul 12, 2017IST 0.0000 1.4400 1.6600 - - 1.5500
Day 2 - Jul 13, 2017IST 0.0000 1.9500 8.2000 - - 5.0700
Day 3 - Jul 14, 2017IST 0.0000 2.5900 19.4200 - - 11.0100
Day 4 - Jul 17, 2017IST - 478.3900 58.9200 - - 273.0500

Listing Day Trading Information

Issue Price Rs 108.00 Rs 108.00
Open Rs 259.15 Rs 250.00
Low Rs 250.00 Rs 250.00
High Rs 272.10 Rs 262.50
Last Trade Rs 259.15 Rs 262.50
Volume 1,091,457 729,832

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