Salasar Exteriors and Contour Ltd is set to debut in the stock market with an issue size ₹8.50 Cr. Mumbai-based Salasar Exteriors and Contour Ltd is engaged in interior and exterior designing & execution work for departmental stores, hostels, residential, budget hotels, hospitals, commercials, the healthcare sector, and corporate offices. It has a wide service portfolio that includes conceptual development, programming, construction management, space planning, execution as per planning, communicating with the teams of a project and research work. Currently, it is working on execution and carving out Walmart’s departmental stores in Indore & Nizamabad, India. Other major clients include JSW Steel Limited, TATA Power, Accenture, Birla Estates, Holiday Inn Express, Godrej, etc.
Salasar Exteriors and Contour Ltd IPO Details
| IPO Date | Aug 28, 2019 to Sep 3, 2019 |
| Listing Date | Sep 12, 2019 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,360,000 shares(aggregating up to ₹8.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Salasar Exteriors IPO Reservation
| NII (HNI) Shares Offered | 1120000 |
| Retail Shares Offered | 1120000 |
| Market Maker portion | 120,000 shares |
| Total Shares Offered | 2,240,000 |
Company Overview
Salasar Exteriors and Contour Ltd. specialises in large-scale civil projects through the use of cutting-edge construction technology. It is committed to long-term growth and follows strict corporate stewardship guidelines. It has extensive experience in the design and construction of long-lasting and functional buildings, and its clients regard it as a dependable partner with a strong commitment to delivering services on time, in the quality they expect, and in accordance with Health, Safety, and Environmental standards. It is using its engineering and building capabilities to build infrastructure that will help move the country ahead.
Industry Overview
The construction industry encompasses a broad range of activities related to the design, planning, construction, and maintenance of buildings, infrastructure, and other structures. It is a vital part of the global economy, contributing to job creation, economic growth, and societal development.
The industry has seen steady growth in recent years, with increased demand for housing, commercial properties, and infrastructure development. However, the sector faces several challenges such as labor shortages, rising material costs, and supply chain disruptions.
Advancements in technology have led to the development of new materials, construction methods, and tools, transforming the industry’s operations and productivity. The industry is also focusing on sustainability and green building practices, promoting the use of renewable energy, and reducing carbon emissions.
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | Particulars | |
| 31-July-18 | |||
| Total Assets | 2737.02 | Total Assets | |
| Total Revenue | 177.83 | Total Revenue | |
| Profit After Tax | 7.66 | Profit After Tax |
Objects of the Issue
The Company intends to apply the Net Funds from the Offering to the following purposes:
- To Meet Working Capital Requirement
- General Corporate Expenses, and
- To Meet the Issue Expenses
Strengths
- Genuine product line and client service
- Construction-related businesses receive a lot of attention.
- Senior management and promoters with extensive experience
Weaknesses
- Financial weaknesses
- Operational weaknesses
Salasar Exteriors and Contour Ltd Lead Manager(s)
- Navigant Corporate Advisors Ltd
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
Company Contact Information
Salasar Exteriors and Contour Ltd
A-922/923, Corporate Avenue, Sonawala Road, Near Udyog Nagar Bhuvan, Goregaon East, Mumbai, Maharashtra – 400063
Phone: +91 22-67083366
Email: account@salasarexteriors.com
Website: http://www.salasarexterior.com/
Website: http://www.novateor.com/
Company Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
