South West Pinnacle Exploration Ltd IPO

Add to Calendar 2018-02-06 12:00 AM 2018-02-08 12:00 AM Asia/Kolkata South West Pinnacle Exploration Ltd IPO South West Pinnacle Exploration Ltd India

Introduction: South West Pinnacle Exploration is a Gurgaon based private company involved in the business of exploration services, in the field of mineral & unconventional energy resources. It also delivers consultancy for geological field services and allied services. Other services provided by the company is in the area of aquifer mapping(determining the quantity and quality of groundwater) for Hydro-geological organisations in India 

Date of Establishment: South West Pinnacle Exploration was originally incorporated in the year 2006 as "South West Pinnacle Exploration Private Limited" at New Delhi, as a Private Limited Company under the provisions of Companies Act, 1956

Product & Service Offering: Given below are the service offerings of South west pinnacle exploration limited

    - Aquifer Mapping Services
    - CBM Exploration Services
    - CBM Production Services
    - Coal & Mineral Drilling Services
    - Geological & Geophysical Services
    - Workover Rig Services

Customer Segment: Company has wide range of clients majorly in Oil and Gas, and Metals & Mining Industry.  Few of the clients are given below:

    - Reliance Industries Limited, Mumbai
    - Rio Tinto Exploration (India), Bangalore
    - Hindustan Zinc Ltd ( Vedanta Group ), Udaipur
    - Tata Iron & Steel (TISCO ), Jamshedpur
    - De-Beers India, New Delhi
    - CMPDI (COAL INDIA LTD.), Ranchi
    - Atomic Energy Directorate , Hyderabad

Promoters of South West Pinnacle Exploration Limited: Company is promote by its founders Piyush Jain and Vikas Jain.

Objects of the Issue: The proceeds from the issue will be primarily used for paying off the company’s debt(both secured and unsecured loans),cash required for funding day to day company activities and sundry corporate expenses.

Company Financials:

Summary of financial Information (Restated Consolidated)

Particulars

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

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

1066.4

827.3

790.1

740.7

679.4

 

Total Revenue

727.3

849.2

634.1

522.4

378.1

 

Profit After Tax

60.0

38.6

29.0

28.2

2.97

Issue Detail

  • Issue Open: Feb 06, 2018
  • Issue Close: Feb 08, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 76 - Rs 78 Per Equity Share
  • Bid Lot:1600 Shares
  • Minimum Order Quantity:1600 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 35.86 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 0 0 0 1,518,400 4,596,800
Day 1 - Feb 06, 2018IST 257,600 235,200 542,400 - - 1,038,400
Day 2 - Feb 07, 2018IST 257,600 1,224,000 2,515,200 148,800 - 4,145,600
Day 3 - Feb 08, 2018IST 15,476,800 92,708,800 17,544,000 225,600 - 125,955,200

Listing Day Trading Information

- BSE NSE
Issue Price - -
Open - -
Low - -
High - -
Last Trade - -
Volume - -

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