Sarthak Metals Ltd IPO

Closed

IPO Synopsis

Public offer of 36,36,000 equity shares of face value of Rs. 10.00 each of Sarthak Metals Limited (the company or SML) for cash at a price of Rs. 30.00 per equity share (including a share premium of Rs. 20.00 per equity share) (offer price) aggregating to Rs. 10.91 crores (the offer) consisting of a fresh issue of 16,00,000 equity shares aggregating to Rs. 4.80 crores (the fresh issue) and an offer for sale of 20,36,000 equity shares by the selling shareholders aggregating to Rs. 6.11 crores (offer for sale) and together with the fresh issue (the offer) of which, 1,96,000 equity shares aggregating to Rs. 0.59 crores will be reserved for subscription by market maker (market maker reservation portion). The offer less the market maker reservation portion i.e. Offer of 34,40,000 equity shares of face value of Rs. 10.00 each at an offer price of Rs. 30.00 per equity share aggregating to Rs. 10.32 crores is hereinafter referred to as the net offer. The offer and the net offer will constitute 26.56% and 25.13%, respectively of the post offer paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the offer price of Rs. 30.00/- is 3.00 times of the face value.

How to Apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

    Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

    Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

    You will receive a mandate notification to block funds in your UPI app

  • You will receive a mandate notification to block funds in your UPI app

    You will receive a mandate notification to block funds in your UPI app

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Frequently Asked Questions

An Initial Public Offering OR IPO is the process of issuing stock for sale for the first time by a private corporation to the public. A company can issue its stock for sale for the first time to raise money by issuing either debt or equity. In case, the company chooses the equity route, the first such offering of equity shares to the public via listing of the shares in the stock markets is called an IPO.

 

This is one of the processes that has to do with the pricing of the IPO. An IPO can be made either through book building method, the fixed price method or a combination of both.

While in book building the price at which securities will be offered/allotted is not known in advance to the investor (investor is aware of an indicative price range only), in the fixed price process price at which the securities are offered/allotted is known in advance to the investor.

When it comes to an IPO, there are 4 types of investors who can bid, as per SEBI guidelines. They are –

  1. Qualified institutional investors (QIIs)
  2. Anchor investors
  3. Retail investors and
  4. High net-worth individuals (HNIs)/Non-institutional investors (NII).

 

IPO subscription period is the period of time during which investors can promise to purchase shares of a security to be issued as initial public offering (IPO).

Check: IPO Application Process

For details about the new IPO application process, click here.

To apply in an IPO with 5paisa:

  • Login to the 5paisa website or mobile trading app
  • Go to the Current IPOs section
  • Select the IPO you wish to apply for
  • Enter IPO details like price, quantity (lots) and your UPI ID
  • Check details and Confirm
  • Approve the UPI notification received on your phone (in BHIM App or your net banking app)

A Red Herring Prospectus, or offer document, is filed by a company to SEBI. This document is very useful to as it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds.

Contact Details of Sarthak Metals Ltd IPO

Contact Information

Address

BBC Colony GE Road,
Khursipar,
Bhilai, Chattisgarh 490011

Sarthak Metals Ltd IPO Lead Manager

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