IPO Issue Details
Issue Price / Price Band₹25 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size28,98,000 shares (aggregating up to ₹7.25 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 27 Sep 2017
Subscription CloseFri, 29 Sep 2017
Anchor AllotmentTue, 26 Sep 2017
Basis of AllotmentThu, 05 Oct 2017
Initiation of RefundsFri, 06 Oct 2017
Credit of Shares to DematFri, 06 Oct 2017
Listing DateTue, 10 Oct 2017
UPI Mandate Deadline2017-09-29
Application & Investment Details
Retail — Min (1 Lots)150000 — 6000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (2 Lots)300000 — 12000 shares
Net Offer to Public27,48,000 shares (aggregating up to ₹6.87 Cr)
Reserved for Market Maker1,50,000 shares (aggregating up to ₹0.3750 Cr)
Pre-IPO Promoter Holding78,00,000 shares
Post-IPO Promoter Holding1,06,98,000 shares
About Goldstar Power Ltd
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.
Objects of the Issue
Goldstar Power Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Working Capital Requirements
6.75
2
General Corporate Purpose
0.05
Shareholding & Lock-in
Pre-IPO Promoter Holding
78,00,000 shares
Post-IPO Promoter Holding
1,06,98,000 shares