Issue Price
₹30
Per Share
GMP
NIL
Grey Market
Est. Listing
₹30
Expected Price
Min. Application
₹240,000
2 lots × 4000 shares
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.
Sarthak Metals Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 196,000 | — | ₹0.59 Cr | — |
| TOTAL | 3,636,000 | 100.00% | ₹10.91 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹120,000 |
| Retail (Max) | 13 | 52,000 | ₹1,560,000 |
| sNII (Min) | 14 | 56,000 | ₹1,680,000 |
| bNII (Min) | 68 | 272,000 | ₹8,160,000 |
| 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 |
| Total Borrowings | N/A | N/A | N/A |