Salasar Exteriors & Contour IPO – Allotment, Subscription, GMP & DRHP

Salasar Exteriors And Contour IPO comprises Public Issue of 23,60,000 equity shares of face value Rs.10 each, for cash at a price of 36 per Equity Share (the “Issue Price”), including a share premium of Rs. 26 per equity share aggregating up to Rs. 849.60 Lakhs. 

Let’s have a detailed review of the company and analytics of the Salasar Exteriors & Contour IPO release date, IPO offer price, subscription, Salasar Exteriors & Contour IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

• Issue Price of this IPO is Rs 26. Check the Live Share Price here – Salasar Exteriors Share Price
• To track the performance of this IPO, click on this link – IPO Performance

Salasar Exteriors & Contour IPO Review & Ratings

Summary of Salasar Exteriors & Contour IPO

Salasar Exteriors And Contour Limited is known as a prominent expert in the industry possessing a wide experience of more than a decade in the field of interiors and exterior designs and civil works. The Offer comprises Public Issue of 23,60,000 equity shares of face value Rs.10 each of Salasar Exteriors and Contour Limited for cash at a price of 36 per Equity Share (the “Issue Price”), including a share premium of Rs. 26 per equity share aggregating up to Rs. 849.60 Lakhs.

From FY 2013-14 to FY 2016-2017, as per the Restated Financial Statements,

• The Net Worth of the Company is Rs. 17.66 Lakhs.
• The Net Asset Value per Equity Share of Rs. 10 of the Company is Rs. 17.66.

The Promoters of this company are Mr. Shreekishan Joshi and Mr. Videh Shreekishan Joshi. The lead manager to the issue are Navigant Corporate Advisors Limited and the Registrar to this issue is Karvy Computershare Private Limited.

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Salasar Exteriors & Contour IPO Date

The opening and the closing date of Salasar Exteriors And Contour IPO is not known yet.

Salasar Exteriors And Contour IPO Subscription

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.

Salasar Exteriors & Contour IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Salasar Exteriors And Contour IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 

Salasar Exteriors And Contour IPO Equity Share Offering

The Offer comprises Public Issue of 23,60,000 equity shares of face value Rs.10 each of Salasar Exteriors and Contour Limited for cash at a price of 36 per Equity Share (the “Issue Price”), including a share premium of Rs. 26 per equity share aggregating up to Rs. 849.60 Lakhs.

Salasar Exteriors And Contour Limited – Company Overview

Salasar Exteriors And Contour Limited was incorporated as M/s. Salasar Exteriors and Contour Limited under the provision of Companies Act, 2013 vide Certificate of Incorporation dated March 9, 2018. The Company entered into a Business Succession Agreement to takeover the business of a Sole Proprietorship Concern run and managed in the name and style of “M/s. Salasar Exteriors” by Mr. Shreekishan Joshi (Proprietor), also one of the Promoter of the Company, on Going Concern basis.

Salasar Exteriors And Contour Limited is known as a prominent expert in the industry possessing a wide experience of more than a decade in the field of interiors and exterior designs and civil works. Salasar Exteriors And Contour Limited is presently engaged in providing mechanical, electrical and plumbing (MEP) and finishing works which caters civil and interior work, super steel and structural work, furniture work and fire fighting work of residential, commercial, hotels, Guest House, hospitals, IT Sector. 

This Company is into multifaceted profession that includes conceptual development, space planning, site inspections, programming, research, communicating with the Teams of a project, construction management, and execution as per planning.

This is one of the esteemed facilitators of Walmart which has recently entered into India. They are engaged into execution and carving out of Departmental Stores for Walmart and have already completed 3  35 (three) stores in Bhopal, Amravati and Aurangabad and work in progress at INDORE & NIZAMABAD. They are still bidding for obtaining the contracts for further designing and construction of departmental stores for the foreign retail giant and positively expect to complete a mark of atleast 10 (Ten) more stores.

The Company is promoted by Mr. Shreekishan Joshi and Mr. Videh Shreekishan Joshi and are the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of Salasar Exteriors And Contour Limited:

• Established marketing set-up: The Company’s products are sold principally by their own internal sales organizations.
• Their established brand
• Management and Employee expertise
• Understand Customers Needs
• Existing distribution and sales networks in domestic market and their geographical benefit
• Quality products
• Offer special discounts to new Customers

Business strategies of Salasar Exteriors And Contour Limited:

• They value their relationships with their clients. They believe that their motivated team of personnel and their work processes complement each other to enable them to deliver high levels of client satisfaction.
• Enhance performance and growing their existing client relationship
• Focus on High Margin Services

Salasar Exteriors And Contour Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Earnings per Equity Share (in Lakhs)

From the above statements, one could find that the Salasar Exteriors And Contour Limited may perform well.

Salasar Exteriors & Contour IPO – Promoters

The Promoters of this company are:

• Mr. Shreekishan Joshi
• Mr. Videh Shreekishan Joshi

List of Related Parties (Key Managerial Personnel)

• Shreekishan Joshi, Managing Director
• Ms. Shahana Istak Khan, Company Secretary & Compliance Officer
• Mr. Manojkumar Jodhraj Agarwal , Chief Finance Office
• Bhageshree Shreekishan Joshi, Director
• Videh Shreekishan Joshi, Director

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.

Salasar Exteriors & Contour IPO Offer Details or Issue Details

Salasar Exteriors And Contour IPO Issue Object

These are the IPO Issue Objects of the company

• Funding the Working Capital requirements of the Company:
•  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company; and
•  General Corporate Purposes

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Salasar Exteriors & Contour IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

• Established marketing set-up: The Company’s products are sold principally by their own internal sales organizations.
• Their established brand
• Management and Employee expertise
• Understand Customers Needs
• Existing distribution and sales networks in domestic market and their geographical benefit
• Quality products
• Offer special discounts to new Customers

The relevant quantitative factors are:

• Price Earning (P/E) Ratio in relation to the Issue Price of Rs. 36 per share:

• Competitive Peers:

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Salasar Exteriors And Contour IPO Lead Managers

Salasar Exteriors & Contour IPO Registrar to offer

Other Details:

• Statutory Auditor –Doshi Maru & Associates Chartered Accountants.
• Peer Review Auditor – Doshi Maru & Associates Chartered Accountants.

Salasar Exteriors & Contour IPO Review by Top 10 Stock Brokers

Salasar Exteriors & Contour IPO Grey Market Premium

The Salasar Exteriors And Contour IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 

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