Sarthak Metals Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

10 Mar 2017

Close Date

17 Mar 2017

Allotment

23 Mar 2017

Listing Date

27 Mar 2017

Exchange

BSE SME

Price Band

₹30

Listing Price

See chart

Allotment Status

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Price Band

₹30

Per share

Face Value

₹10 per share

Lot Size

4,000 Shares

per lot

Issue Size

36,36,000 shares (aggregating up to ₹10.91 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

1,20,89,750 shares

Promoters

Post-IPO Holding

1,36,89,750 shares

Promoters

UPI Deadline

2017-03-17

Mandate

Anchor AllotmentThu, 09 Mar 2017

Basis of AllotmentThu, 23 Mar 2017

Refund InitiationFri, 24 Mar 2017

Demat CreditFri, 24 Mar 2017

Listing DayMon, 27 Mar 2017

UPI Mandate Deadline2017-03-17

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public34,40,000 shares (aggregating up to ₹10.32 Cr)

Market Maker Quota1,96,000 shares (aggregating up to ₹0.5880 Cr)

Fresh Issue Shares14,04,000 shares (aggregating up to ₹4.21 Cr)

Offer for Sale20,36,000 shares of ₹10 (aggregating up to ₹6.11 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Sarthak Metals Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 17 Mar 2017.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	196,000	—	₹0.59
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,636,000	100%	₹10.91

IPO Shares Offered

Sarthak Metals Ltd. IPO total issue size: ₹10.91 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	196,000	₹0.59	5.39%
Total	3,636,000	₹10.91	100.00%

* Based on upper price band ₹30 per share

Lot Size & Investment

Lot Size

4,000

Shares per Lot

Issue Price

₹30.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	8,000	₹240,000
Retail (Max — 13 Lots)	13	52,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	56,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	272,000	₹8,160,000

* Issue Price ₹30 × Lot Size 4,000 shares

IPO Schedule

Anchor

09 Mar 2017

✓ Done

IPO Open

10 Mar 2017

✓ Done

IPO Close

17 Mar 2017

✓ Done

Allotment

23 Mar 2017

✓ Done

Refunds

24 Mar 2017

✓ Done

Demat Credit

24 Mar 2017

✓ Done

Listing Day

27 Mar 2017

✓ Done

₹30.00

INR · BSE

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Issue ₹30.00 Live Price

About Sarthak Metals Ltd.

Incorporated in 1995, Sarthak Metals Ltd is engaged into manufacturing of wide variety of Cored wires, Aluminum Flipping coils, and Industrial Oxygen gas having wide application in various industries including Steel plants, Fabrication units, and foundries. They are also engaged in the business of trading of iron & steel and carbon dioxide gas.They manufacturers and suppliers of wire feeder machines that are known for drawing wires of 9 mm to 15 mm diameter. Company's major suppliers include Bharat Aluminium Co. Ltd, Bhushan Power & Steel Limited, Sino Metal International Limited etc. They are headquartered at Bhilai, Chhattisgarh and currently have two manufacturing units located at Bhilai and Raipur.

Objects of the Issue

To part repayment of existing working capital facility of the Company

General Corporate Purpose

Offer Expenses

Sarthak Metals Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹15,149.4

31-Mar-15

₹12,871.7

31-Mar-16

₹7,396.3

30-Sep-16

Profit After Tax (PAT)

₹287.5

31-Mar-15

₹366.6

31-Mar-16

₹246.8

30-Sep-16

Particulars	30-Sep-16	31-Mar-16	31-Mar-15
Revenue from Operations	7396.25	12871.74	15149.36
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	246.81	366.55	287.45
Net Worth	N/A	N/A	N/A
Total Assets	5500.90	4898.53	4717.51
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered36,36,000 (100.00%)

Net Offer to Public34,40,000 shares (aggregating up to ₹10.32 Cr)

Reserved for Market Maker1,96,000 shares (aggregating up to ₹0.5880 Cr)

Pre-Issue Promoter Holding1,20,89,750 shares

Post-Issue Promoter Holding1,36,89,750 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

Ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Oneview Corporate Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Sarthak Metals Ltd. IPO subscribed? ▲

Sarthak Metals Ltd. IPO is subscribed 1.00 times by Mar 17, 2017. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Sarthak Metals Ltd. IPO retail subscription status? ▼

The Sarthak Metals Ltd. IPO retail category is subscribed 1.00 times as of 17 Mar 2017. The retail portion is oversubscribed.

How to subscribe Sarthak Metals Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 10 Mar 2017 and closes 17 Mar 2017. Min investment: ₹120,000 (1 lot = 4,000 shares). UPI mandate: 2017-03-17.

How many times Sarthak Metals Ltd. IPO subscribed? ▼

The Sarthak Metals Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Sarthak Metals Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 23 Mar 2017. Refunds: on 24 Mar 2017.

When Sarthak Metals Ltd. IPO will be listed? ▼

The Sarthak Metals Ltd. IPO listing date is 27 Mar 2017, Monday. Listed on: BSE SME. Issue price: ₹30. Estimated listing: ₹30. GMP: NIL.

When Sarthak Metals Ltd. IPO close? ▼

The Sarthak Metals Ltd. IPO closes on 17 Mar 2017, Friday. UPI mandate: 2017-03-17. Allotment: 23 Mar 2017. Listing: 27 Mar 2017.

Quick Actions

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Live Price LIVE

Last Price₹30.00

Change—

Issue Price₹30.00

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Quick Summary

StatusListed

Issue Price₹30

Face Value₹10

Lot Size4,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹30

Subscribed1.00x

Open Date10 Mar 2017

Close Date17 Mar 2017

Allotment23 Mar 2017

Listing Date27 Mar 2017

ExchangeBSE SME

UPI Deadline2017-03-17