Salasar Techno Engg. Ltd - Towers from Steel

(Manoj Agarwal) #1

IPO of Salasar Techno Engg Ltd is closing for subscription today and the Co is issuing shares at 108/- to be listed on BSE and NSE main board. The post issue equity would be Rs.13.28 and for FY 17 the PAT was Rs.18.76 crs on a consolidated turnover of Rs. 367 crs. For FY 18 management guidance is of 475 to 500 crs. A more detailed analysis will be posted by me in next couple of days. In the meantime more details can be be accessed from its RHP :
Disc: am applying in the ipo

(Bheeshma Sanghani) #2

Hi @manojag

How do you know this company will turn out to be a multibagger?


(Manoj Agarwal) #3

There is nothing cast in stone in Equity markets but I am quite confident after seeing the growth, quality of its balance sheet, op performance, commentary by Skipper and KEC management regarding the sector's outlook and my interaction with the management of Salasar.

(sanketkulkarni1987) #4

What is the source of Management guidance of 475-500 crore for FY'18 ?

(Sujay Ghosh) #5

by Nirmal Bang

by SMC online
by Way2Wealth
by HEM Securities
by SP Tulsian

by IndiTrade

(Manoj Agarwal) #6

interaction with management during their road show

(Kritesh Abhishek) #7

This Rs 36 crore IPO gets bids for nearly Rs 10,000 crore; subscribed 270 times.

Salasar Techno Engineering’s Rs 36 crore initial public offer (IPO) has received a massive response from the investors with the issue getting subscribed 270 times with a demand worth Rs 9,700 crore on the last day of offer.

Read more here:

(manish) #8

What is the date of Listing for Salasar.

(Manoj Agarwal) #9

25th July. GMP is 102-105

(Vivek Gautam) #10

Good results from Salasar techno with topline increasing to 125 cr from 82 cr & EPS to 6.14 from 3.45 YonY.

(Raj A A) #11

Con call transcript on Q1 Fy 18. Management expects to finish with a Topline 475 to 500 Cr this fiscal with EBITDA margin of 9.5 to 10.5%..Big hope on Reliance Tower orders

(Raj A A) #12

GOI program of Complete electrification of villages by 2022 will help salasar to exploit the opportunity who are the suppliers of Power transmission towers, Flag poles, electric poles and a whole range of electrification accessories.