Sarthak Metals Ltd IPO


IPO Subscription Details

  • Open Date 10 Mar
  • Close Date 17 Mar
  • Lot Size 4000
  • IPO Size ₹ 10.91 Cr
  • IPO Price Range ₹ 30
  • Min Investment ₹ 120000

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 IPO?

  • 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 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

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Sarthak Metals Ltd IPO

Contact Information


BBC Colony GE Road,
Bhilai, Chattisgarh 490011

Sarthak Metals Ltd IPO Lead Manager

Guiness Corporate Advisors Pvt Ltd