Salasar Techno Engineering Limited – Company Profile

Incorporated in the year 2001, Salasar Techno Engineering Limited offers customized steel fabrication and infrastructure solutions for Telecommunication Towers, Transmission Towers & Substation Structures, and Solar Module Mounting Structures.

Working Area

• Salasar Techno Engineering Limited is a leading provider of Steel Solutions in India with large-scale operations spread throughout Asia and Africa. The main objective of the company is to supply customized and high-quality material to its impressive and ever-growing clientele.
• The company provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization, and deployment. Its products include Cable Trays, Cold Formed Steel Structures, Guard Rails, Monopoles, Power Transmission Line Towers, Railway Components, Smart Lighting Poles, Substation Structures, Solar Module Mounting Structures, Telecommunication Towers, and Customized Galvanized and Non-galvanized steel structures.
• Its services include providing complete Engineering, Procurement, and Control for projects such as rural electrification, power transmission lines, and solar power plant projects.

Company Promoters

1. Mr. Gyanendra Kumar Agarwal
2. Mr. Alok Kumar
3. Mr. Shalabh Agarwal
4. Ms. Tripti Gupta

IPO Details – Issue Price, Minimum Bid and Other

IPO Opening, Closing & Listing Dates

Financial Performance

Revenues

The Company shows steady revenue growth in recent years. Topline has been increasing regularly for the last five years and jumped from INR 107 crore in FY2012 to INR 277 crore for the year ended March 2016.

Profits

Though the company has shown steady growth in revenue, the company has also registered profits in these years. Starting from INR 6 crore of profit in FY2012, the company’s earning improved to INR 10 crore in FY2016.

CONCLUSION –

Considering company’s valuation, financial parameters and long-term perspective, FinBlab recommends NEUTRAL ratings on Salasar Techno Engineering Limited issue.

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Salasar Techno Engineering Limited IPO – Company Profile, Price Band, IPO Listing and Closing Date, Analysis appeared first on Upcoming ipos: Latest news on stocks, economy & finance.