Salasar Techno Engineering IPO Grey Market Price, GMP Premium Info

By | July 20, 2017

Salasar Techno Engineering IPO Grey Market Price Premium GMP Info

Salasar Techno Engineering Grey Market Price Premium GMP Info – Salasar Techno Engineering Ltd IPO is doing very well. It has subscribed very well on the BSE and NSE. The subscription of the IPO shows that the shares of Salasar Techno Engineering are in great demand. The Rs 36 crore IPO of Salasar Techno Engineering gets bids for nearly Rs 10,000 crore as it subscribed 270 times. The Salasar Techno IPO received bids for 90,63,94,500 shares against the total issue size of 33,21,000 shares. This is amazing for the Indian share market. We know the investors want to know the GMP of Salasar Techno Engineering IPO. As we always update you with the latest Grey Market price of all IPOs. We will surely inform you about the Grey Market Price of the Salasar Techno IPO. Salasar Techno IPO is also doing good in the secondary markets. The Subject to Sauda deals for the Salasar Techno Engineering IPO is in the range of Rs. 7800 to Rs. 8000 as on 20th July 2017. Check the given section of our website for more details about Salasar Techno Engineering GMP. Investors should check our website time to time for the Salasar Techno GreyMarket price and premiums as we update the prices on the daily basis. We like to warn our readers that you should use this website and its content as an informational tool only. Read the disclaimer on the website.

Salasar Techno Engineering IPO Grey Market Price

DatePremiumKostak RateSauda Rate
19 July 2017--------Rs. 7800 to 8000
20 July 2017--------Rs. 7800 to 8000
24 July 2017----Rs. 35 to 40Rs. 7800 to 8000

As you already know that the issue of Salasar Techno Engineering had subscribed 270 times. The high net worth investors portion was subscribed by 478 times while the retails portion of the IPO was subscribed by 56 times. The main reason behind the success of this IPO is:

  1. Attractive pricing at Rs. 108.
  2. The pricing of the IPI is at a PE of 7 times FY 2017 earnings.
  3. The Salasar Techno Engineering Ltd has no long term debt.
  4. It has very good client list such as Power Grid Corporation.

The IPO was open for subscription between 12th July to 17th July. Salasar Techno Engineering has reported the profit after tax of Rs 18.37 crore for the financial year ended March 2017. The net sales for the financial year 2017 were Rs 372.96 crore.

Find More Information about Salasar Techno Engineering IPO.

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