Goldstar Power Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,374,000 (47%) | — | ₹344 Cr |
| Retail | — | 1,374,000 (47%) | — | ₹344 Cr |
| Market Maker | — | 150,000 (5%) | — | ₹4 Cr |
| Σ Total | — | 2,898,000 (100%) | — | ₹7,245 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹150,000 |
| Retail (Max) | 13 | 78,000 | ₹1,950,000 |
| S-HNI (Min) | 14 | 84,000 | ₹2,100,000 |
| B-HNI (Min) | 67 | 402,000 | ₹10,050,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Mar-2017 | 31-Mar-2016 | 31-Mar-2015 |
|---|---|---|---|
| Revenue | 5,481 | 4,003 | 3,748 |
| Profit After Tax | 91 | -39 | -66 |
| Net Worth | 1,148 | 1,057 | 1,096 |
| Total Assets | 1,416 | 1,873 | 2,177 |
| Reserves & Surplus | 1,018 | 927 | 966 |
| Total Borrowing | 1,220 | 1,328 | 1,424 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Working Capital Requirements – 6.75
- General Corporate Purpose – 0.05
Company Overview
Incorporated in 1999, Goldstar Power Ltd is a battery manufacturing Company. They manufacturing & marketing their products under flagship brand "Star Gold".
Company procures battery scrap and discarded batteries from dealers/retailers and converts into finished product. Company’s product range covers various types of batteries including automotive batteries, tubular batteries, SMF series batteries, VRLA batteries, Solar batteries, Pure Lead and Alloy batteries.
Those batteries are generally used in cars manufactured by Tata, Maruti and Mahindra. However, the batteries are used as a replacement by car owners and not as stock batteries by car manufacturers. Currently Company caters to all three segments of market viz. exports, domestic/after sales market and OEM. They have a widespread customer base with their domestic customer base situated in various regions of the country and international customers situated across varied countries like Uganda, Nepal, Lebanon, etc.