Salasar Techno Engineering Ltd IPO

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.

 

 

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

Company Financials:
Summary of financial Information (Consolidated)
Particulars		For the year/period ended (in Rs. Million)
03/31/12	03/31/13
Total Assets	1678.71	1540.29	1457.1	1667.45	1114.96	989.02
Total Revenue	1472.79	2768.14	2761.2	2452.23	1675.12	1069.75
Profit After Tax	75.39	102	46.13	54.99	30.47	64.62

The Offer comprises the Fresh Issue by GTPL and an Offer for Sale by the Selling Shareholders.

GTPL will not receive any proceeds from the Offer for Sale by the Selling Shareholders and the proceeds received from the Offer for Sale will not form part of the Net Proceeds. The company proposes to utilise the funds which are being raised through the Fresh Issue, towards funding the following objects:

1. To meet the working capital requirements of the Company including margin money

2. General Corporate Purpose;

3. To meet the Issue Expenses.