Starlit Power Systems Ltd IPO

Closed

IPO Subscription Details

  • Open Date 29 Sep
  • Close Date 10 Oct
  • Lot Size 8000
  • IPO Size ₹ 2.95 Cr
  • IPO Price Range ₹ 18
  • Min Investment ₹ 144000

IPO Synopsis

Public issue of 16,40,000 equity shares of face value of Rs. 10/- each fully paid of Starlit Power Systems Limited (SPSL or the company or the issuer) for cash at a price of Rs. 18/- per equity share (the issue price) (including a share premium of Rs. 8/- per equity share aggregating Rs. 2.95 crores (the issue) by the company, of which 88,000 equity shares of Rs. 10/- fully paid each will be reserved for subscription by market maker to the issue (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 15,52,000 equity shares of Rs. 10/- each fully paid is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.82% and 25.38%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. The issue price is Rs. 18/-. The issue price is 1.80 times 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 Starlit Power Systems Ltd IPO

Contact Information

Address

A-1/51 LGF,
Safdarjung Enclave,
New Delhi, Delhi 110029

Starlit Power Systems Ltd IPO Lead Manager

Sarthi Capital Advisors Pvt Ltd