Salasar Exteriors & Contour Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,120,000 (47%) | — | ₹403 Cr |
| Retail | — | 1,120,000 (47%) | — | ₹403 Cr |
| Market Maker | — | 120,000 (5%) | — | ₹4 Cr |
| Σ Total | — | 2,360,000 (100%) | — | ₹8,496 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 | 3,000 | ₹108,000 |
| Retail (Max) | 13 | 39,000 | ₹1,404,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,512,000 |
| B-HNI (Min) | 67 | 201,000 | ₹7,236,000 |
Financial Statements Amount in Lakhs
| Metric | 31-July-18 |
|---|---|
| Revenue | 178 |
| Profit After Tax | 8 |
| Total Assets | 2,737 |
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
- 1 To Meet Working Capital Requirement – 6.30
- 2 General Corporate Purposes – 1.70
Company Overview
Incorporated in 2018, Mumbai-based Salasar Exteriors and Contour Ltd is engaged in interior and exterior designing & execution work. It has completed projects for departmental stores, hostels, residential, budget hotels, hospitals, commercials, healthcare sector and corporate offices. The company has a wide service portfolio where it includes conceptual development, programming, construction management, space planning, execution as per planning, communicating with the teams of a project and research work. Initially, M/s. Salasar Exteriors was a sole proprietorship concern managed by Mr Shreekishan Joshi. Salasar Exteriors and Contour follows a turn-key approach in a business where it is involved from the creation of the structure to completion of plans. It also takes care of the installation and other services like allied interior finishing, and furniture MEP (Mechanical, Electrical, Plumbing). Currently, it is working on execution and carving out Walmart's departmental stores in Indore & Nizamabad, India. It has already completed 3 stores in Amravati, Bhopal and Aurangabad. Some of the other major clients of the company include JSW Steel Limited, TATA Power, Accenture, Birla Estates, Holiday Inn Express, Godrej, etc.
Competitive Strengths
1. Authentic product range and customer support 2. Major Focus on construction related business 3. Experienced senior management team and promoters