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Salasar Techno IPO Prospectus
What Are Analysts Saying?
Salasar Techno IPO: Nirmal Bang recommend to 'subscribe' to the issue
Nirmal Bang, 13 Jul 2017
On the valuation front, at the issue price of Rs 108, STEL is offered at PE of 7x on a fully diluted basis. STEL has consistently improved its return ratios over a period of time. ROCE was 13.5% in FY13 versus 22.9% in FY17 and ROE has improved from 9.7% in FY13 to nearly 21.6% in FY17.
Salasar Techno IPO: Investor with long term view may invest in the issue - SMC
SMC, 12 Jul 2017
According to SMC, considering the P/E valuation on the the price of Rs. 108, the stock is priced at pre issue P/E of 5.13x on its FY17 EPS of Rs. 21.04. Post issue, the stock is priced at a P/E of 6.84x on its EPS of Rs. 15.78.
Salasar Techno IPO: With decent fundamentals, valuation look reasonable; Subscribe
Hem Securities, 12 Jul 2017
At price of Rs 108/share, co is bringing the issue at p/e multiple of 6.91 on post issue FY17 eps of Rs 15.62. With decent fundamentals, company\'s valuation look reasonable at current level. Hence we recommend \'Subscribe\' on issue.
Issue Details
Open Date: 12 Jul 17
Close Date: 17 Jul 17
Offer Price: Rs. 108
Issue Size: Rs. 35.87 Cr
Min Application Amount:
Rs. 13500
Min bid (No. of shares): 125
Listing Exchanges: BSE, NSE
About the Company
"Incorporated in 2001, Salasar Techno Engineering Ltd engaged in manufacturing galvanized steel products. Company's products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures, and customized galvanized and non-galvanized steel structures.

Salasar also offers engineering, procurement, and control services for rural electrification, power transmission lines, and solar power plant projects. In addition, the company undertakes civil foundation works, and erection of telecom and transmission towers at site, including painting, as well as EPC turnkey projects for solar mounting structures. STELís services include providing complete engineering, procurement and control for projects such as Rural Electrification, Power Transmission Lines, and Solar Power Plants.The company exports its galvanized products to South Africa, Myanmar etc."
Objective of the Issue
"Objects of the Issue:

The object of the issue are:

1. To meet the working capital requirements of the Company including margin money;
2. General Corporate Purpose;
3. To meet the Issue Expenses."
Subscription Details
Investor Category No of times
Qualified Institutional Investor -
Non Institutional Investor -
Retail Investor -
Total -