South West Pinnacle Exploration Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,139,200 (47%) | — | ₹1,669 Cr |
| NII (HNI) | — | 643,200 (14%) | — | ₹502 Cr |
| Retail | — | 1,499,200 (33%) | — | ₹1,169 Cr |
| Market Maker | — | 235,200 (5%) | — | ₹18 Cr |
| Σ Total | — | 4,596,800 (100%) | — | ₹35,855 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 | 1,600 | ₹124,800 |
| Retail (Max) | 13 | 20,800 | ₹1,622,400 |
| S-HNI (Min) | 14 | 22,400 | ₹1,747,200 |
| B-HNI (Min) | 67 | 107,200 | ₹8,361,600 |
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 Repayment/ Prepayment of certain Secured Borrowings availed by the company – 7.51
- 2 Repayment/ Prepayment of certain Unsecured Borrowings availed by the company – 6.50
- 3 Purchase of Machinery – 0.19
- 4 Funding the working capital requirements of the Company – 14.25
- 5 General Corporate Purposes – 4.73
Company Overview
Incorporated in 2006, South West Pinnacle Exploration Limited is a Gurgaon, Haryana based company engaged in the business of providing drilling, exploration and allied services to coal, ferrous, non ferrous, atomic and base metal mining industries and water & unconventional energy industries. Company also provides consultancy for geological field services and allied services. Company has an in-house team of geoscientists for providing integrated exploration services including geophysical logging, surface geophysical & topographic surveys.
Company is also into aquifer mapping for Hydro-geological organisations in India for determining the quantity and quality of groundwater in a particular area, viz., water level, productivity and concentration of various chemicals in groundwater. This helps in identifying zones for groundwater development, groundwater recharge, rainwater harvesting etc.
Company has 37 operational rigs. Company drill upto a depth of 2500 meters and has completed more than 950,000 meters of drilling including 60 CBM exploratory and 166 CBM production wells for both Government and Private Sectors.