
Emerging SME Services · NSE
Salasar Exteriors and Contour Ltd, incorporated in 2018 and based in Mumbai, is involved in providing interior and exterior design and execution services. The company handles a variety of projects across sectors like departmental stores, hostels, residential spaces, budget hotels, hospitals, commercial spaces, healthcare, and corporate offices. Its services cover a broad range, including conceptual development, construction management, space planning, and on-site execution, along with coordination between various project teams and research-based design planning. Originally started as a sole proprietorship under Mr. Shreekishan Joshi, the company now follows a turn-key approach, managing everything from structural design to execution. It also handles installation work and provides additional services such as interior finishing, furniture, and MEP (Mechanical, Electrical, and Plumbing) services. At present, Salasar is working on Walmart departmental store projects in Indore and Nizamabad, having already completed stores in Amravati, Bhopal, and Aurangabad. Its client list includes well-known names such as JSW Steel, Tata Power, Accenture, Birla Estates, Holiday Inn Express, and Godrej.
Price Band
₹36
Issue Size
₹8.50 Cr
Lot Size
3000 shares
GMP
Est. Listing
₹36
at current GMP
Subscribed
—
Open
28 Aug 2019
Close
3 Sep 2019
Allotment
9 Sep 2019
Refund
10 Sep 2019
Demat Credit
11 Sep 2019
Listing
12 Sep 2019
Designated Registrar: Kfin Technologies Limited
Allotment Date
9 Sep 2019
Basis finalization
Refunds Initiate
10 Sep 2019
Mandate release
Demat Credit
11 Sep 2019
Shares in demat
Listing Debut
12 Sep 2019
Trading begins
Salasar Exteriors and Contour Ltd is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹8.5 Crores. The shares are offered at a price band of ₹36 to ₹36 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,08,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2019-09-11, while un-allotted funds or UPI block mandates will be released on 2019-09-10.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.