Supershakti Metaliks Limited IPO Review (Date, Price and DHRP)

Supershakti Metaliks Limited IPO Review

Supershakti Metaliks Limited is engaged in the business of providing diversified products of steel. It is Kolkata based company. Now, let’s focus on the issue details of the company. After that, in this article, you will get Supershakti Metaliks Limited IPO Review with date, price, and DRHP.

About Supershakti Metaliks Limited IPO :

  • IPO Opens on – July 17, 2018.
  • IPO Closes on – July 20, 2018.
  • Face Value – Rs. 10 Per Equity Share.
  • Issue Price – Rs. 375 Per Equity Share.
  • Issue Type – Fixed Price Issue IPO.
  • Issue Size – 1,600,200 Equity Shares of Rs 10 aggregating up to Rs 60.01 Cr.
  • Market Lot – 300 shares.
  • Minimum Order Quantity – 300 shares.
  • Listing Exchange – BSE SME Exchange.
  • Draft Prospectus – Download.

Objectives of the issue :

  • The Company will not receive any proceeds of the Offer for Sale by the Promoters and Promoter Group Selling
  • Working Capital Requirements.
  • Funding expenditure for General Corporate Purposes.

About The Company –

  • Supershakti Metaliks Limited is incorporated in 2012.
  • This company forms part of Sai Group which has carved itself into a well-known group and established it’s goodwill in the iron and steel manufacturing industry.
  • Supershakti Metaliks Limited’s manufacturing plant is located in Durgapur.
  • This company enjoys a wide product range with diverse applications across downstream sectors.
  • Supershakti Metaliks Limited is possessed multiple manufacturing processes within the Plant with the ability to address customer orders with shrinking turnaround time.
  • This company has the widest range of products enabling it to cater to a wide spectrum of applications across the industries and balancing it out from market volatilities.
  • Supershakti Metaliks Limited has 376 employees on its payroll.

Supershakti Metaliks Limited

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Promoters of the company :

  • Mr. Dilipp Agarwal is an Individual Promoter of this company.
  • Mr. Deepak Agarwal is another Individual Promoter of this company.
  • Veerbhadra Sales Private Limited is a Corporate Promoter of this company.
  • Khandelwal Finance Private Limited is another Corporate Promoter of this company.

Company Financials :

Supershakti Metaliks Limited IPO

Supershakti Metaliks Limited IPO Review :

The above attachment is the financial statement of the company. Their 2017-18 FY data is quite eye-catching. After discussing the other fundamental data, we will go for the analytical part. From DRHP or draft red herring prospectus, we get the data. 2018 FY basic and diluted EPS stands at 24.95 and P/E ratio is not available. RoNW is 22.68% and NAV/Share is 110.03 as per the last FY 2017-18. Their 2018 FY data level is so high, it may arise a question of doubt. However, based on the data Supershakti Metaliks Limited IPO Review carries a NEUTRAL view. Investors should be aware of this IPO, check the company details twice and invest on your own risk.

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