IPO Issue Details
Issue Price / Price Band₹69 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size13,68,000 shares (aggregating up to ₹9.44 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 01 Aug 2018
Subscription CloseFri, 03 Aug 2018
Anchor AllotmentTue, 31 Jul 2018
Basis of AllotmentWed, 08 Aug 2018
Initiation of RefundsThu, 09 Aug 2018
Credit of Shares to DematFri, 10 Aug 2018
Listing DateMon, 13 Aug 2018
UPI Mandate Deadline2018-08-03
Application & Investment Details
Retail — Min (1 Lots)₹1,38,000 — 2,000 shares
Retail — Max (13 Lots)₹1,794,000 (13 Lots)
HNI — Min (2 Lots)₹2,76,000 — 4,000 shares
Net Offer to Public12,96,000 shares (aggregating up to ₹8.94 Cr)
Reserved for Market Maker72,000 shares (aggregating up to ₹0.4968 Cr)
Pre-IPO Promoter Holding39,00,000 shares
Post-IPO Promoter Holding50,23,000 shares
Fresh Issue Shares10,51,000 shares (aggregating up to ₹7.25 Cr)
Offer for Sale Shares2,45,000 shares of ₹10 (aggregating up to ₹1.69 Cr)
About Saketh Exim Ltd.
Incorporated in 2010, Mumbai based Saketh Exim Limited is a company engaged in the business of manufacturing and fabricating of a wide range of steel products used in Pipe Support Systems, HVAC Systems, Anti-vibration System and Equipment for Industrial, Commercial, Utility and OEM Installations.The company manufactures engineering products, metal and base metal products like bolts, clamps, G. I. nuts and hangers etc. Its product portfolio also includes all types of bathroom accessories, bathroom pipes, fittings and sanitary wares.The Company is also engaged in trading of textile products like fancy shirtings and finish fabrics.Saketh Exim has 3 manufacturing units located at Vasai.For six months period ending September 30, 2017, Manufacturing contributed 46.26% while Trading contributed 53.74% to the revenue of the company.The revenue from operations for the financial year ending 2014-15, 2015-16 and 2016-17 are Rs 3,748.30 lakhs, Rs4,668.77 lakhs and Rs 5,132.56 lakhs respectively.The Net profit after tax for the company shows an increase of 91.07% and 24.06% respectively over the 3 years.The company has 37 employees on its payroll.
Objects of the Issue
Saketh Exim Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding Long Term Working Capital Requirements
7.30
2
2 Funding Expenditure for General Corporate Purposes
0.03
Shareholding & Lock-in
Pre-IPO Promoter Holding
39,00,000 shares
Post-IPO Promoter Holding
50,23,000 shares