Southwest Pinnacle IPO is set to make its debut on 6th feb 18 with 35.86 cr is engaged in the business of providing drilling, exploration and allied services.
Southwest Pinnacle IPO – overview
| IPO Dates | 6-8 Feb 18 |
| IPO Price | INR 78 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 4,596,800 shares (INR 35.86 crore) |
| Minimum bid (lot size) | 1000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Southwest Pinnacle IPO – Tentative Dates
| IPO Offer Opening Date | 6 Feb 2018 |
| IPO Closing Date | 8 Feb 2018 |
| Finalization of Basis of Allotment | 14 Feb 2018 |
| Initiation of refunds | 15 Feb 2018 |
| Transfer of shares to demat accounts | 16 Feb 2018 |
| IPO Listing Date | 20 Feb 2018 |
Company Overview
Incorporated in 2006, Southwest Pinnacle Exploration Limited is a Gurgaon, Haryana based company engaged in the business of providing drilling, exploration and allied services to coal, ferrous, nonferrous, atomic and base metal mining industries and water & unconventional energy industries. Company also provides consultancy for geological field services and allied services. The company has an in-house team of geoscientists for providing integrated exploration services including geophysical logging, surface geophysical & topographic surveys.
Company is also into aquifer mapping for Hydro-geological organizations in India for determining the quantity and quality of groundwater in a particular area, viz., water level, productivity and concentration of various chemicals in groundwater. This helps in identifying zones for groundwater development, groundwater recharge, rainwater harvesting etc.
The company has 37 operational rigs. The company drills upto a depth of 2500 meters and has completed more than 950,000 meters of drilling including 60 CBM exploratory and 166 CBM production wells for both Government and Private Sectors.
Objects of the Issue
1. Repayment/ Prepayment of certain Secured Borrowings availed by our company
2. Repayment/ Prepayment of certain Unsecured Borrowings availed by the company;
3. Purchase of Machinery;
4. Funding the working capital requirements of the Company;
5. General Corporate Purposes.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 250.12 | 178.48 | 183.34 |
| Total Revenue | 1334.91 | 960.81 | 1105.74 |
| Profit After Tax | 4.78 | 3.09 | 3.42 |
Company Contact Information
South West Pinnacle Exploration Ltd
Siddhartha House,
4th Floor, Plot No. 6,
Sector 44, Gurgaon
Phone: +91 124 4235400
Email: investors@southwestpinnacle.com
Website: http://www.southwestpinnacle.com/
South West Pinnacle IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: swpel.ipo@linkintime.co.in
Website: https://linkintime.co.in/
South West Pinnacle IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
