Incorporated in 2001, Salasar Techno Engineering Ltd engaged in manufacturing galvanized steel products. Company’s products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures, and customized galvanized and non-galvanized steel structures.
Salasar also offers engineering, procurement, and control services for rural electrification, power transmission lines, and solar power plant projects. In addition, the company undertakes civil foundation works, and erection of telecom and transmission towers at site, including painting, as well as EPC turnkey projects for solar mounting structures. STEL’s services include providing complete engineering, procurement and control for projects such as Rural Electrification, Power Transmission Lines, and Solar Power Plants.The company exports its galvanized products to South Africa, Myanmar etc.
Salasar Techno IPO Details
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹108 per equity share |
| Market Lot | 125 Shares |
| Min Order Quantity | 125 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 540642 |
| NSE Symbol | SALASAR |
| ISIN | INE170V01019 |
| Issue Size | Aggregating up to ₹35.87 Cr |
Salasar Techno IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Opening Date | 12-Jul-17 |
| IPO Closing Date | 17-Jul-17 |
| Listing Date | Tuesday, July 25, 2017 |
Salasar Techno IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 125 | ₹13,500 |
| Maximum | 14 | 1750 | ₹189,000 |
IPO Allotment Status
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Company Promoters:
The promoters of the company are:
- Mr. Gyanendra Kumar Agarwal,
- Mr. Alok Kumar,
- Mr. Shalabh Agarwal and
- Ms. Tripti Gupta
Company Financials:
| PARTICULAR | 30-Sep-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 |
| Total Assets | 1,678.71 | 1,540.29 | 1,457.10 | 1,667.45 | 1,114.96 | 989.02 |
| Total Revenue | 1,472.79 | 2,768.14 | 2,761.20 | 2,452.23 | 1,675.12 | 1,069.75 |
| Profit After Tax | 75.39 | 102 | 46.13 | 54.99 | 30.47 | 64.62 |
Objects of the Issue:
The object of the issue are:
- To meet the working capital requirements of the Company including margin money;
- General Corporate Purpose;
- To meet the Issue Expenses.
Registrar & Company Details
| Company Contact Information | Salasar Techno IPO Registrar |
| Salasar Techno Engineering Ltd E-20, South Extension I, New Delhi-110049 Phone: +91 11 41648566/8577 Email: compliance@salasartechno.com Website: http://www.salasartechno.com | Bigshare Services Pvt Ltd 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,Makwana Road, Marol, Andheri(E), Mumbai – 400 059 Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
