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Open
10 Mar 2017
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Close
17 Mar 2017
3
Allotment
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Listing
Mon, Mar 27, 2017
Price Band
₹30 per share
Issue Size
36,36,000 shares (agg. up to ₹11 Cr)
Lot Size
4,000 Shares
Listing Date
Mon, Mar 27, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.64x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Riddhi Steel & Tube Ltd. | SME | ₹8.89 Cr | ₹38 | null | ₹37.65 | -0.92% | ₹196.40 (+0.00%) |
| Narayani Steels Ltd. | SME | ₹11.52 Cr | ₹32 | null | ₹33.40 | +4.37% | ₹4.18 (+0.24%) |
| Umiya Tubes Ltd. | SME | ₹2.00 Cr | ₹10 | null | ₹10.45 | +4.50% | ₹24.85 (-0.24%) |
| Bharat Wire Ropes Ltd. | Mainboard | ₹70.00 Cr | ₹45 | null | ₹45.55 | +1.22% | ₹200.38 (-2.45%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part repayment of existing working capital facility of the Company | 4.00 |
| 2 | General Corporate Purpose | 0.59 |
| 3 | Offer Expenses | 0.21 |
About Sarthak Metals IPO
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.+ Read More
Contact Details
Sarthak Metals Ltd. AddressB.B.C ColonyG.E.Road, KhursiparBhilaiBhilai, Chhattisgarh, 490011+91-788-3290584 /2296495cs@sarthakmetals.comVisit Website