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Starlit Power Systems IPO IPO

SME29 Sep to 10 Oct, 201429 Sep to 10 Oct, 2014
Open
29 Sep to 10 Oct, 2014
Close
29 Sep to 10 Oct, 2014
3
Allotment
Listing
Wed, Oct 22, 2014
Price Band
₹18 per share
Issue Size
16,40,000 shares (agg. up to ₹3 Cr)
Lot Size
8,000 Shares
Listing Date
Wed, Oct 22, 2014
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Live Subscription

CategorySubscription (times)
Total1.48x

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Working Capital Requirement2.30
2General Corporate Purposes0.20

About Starlit Power Systems IPO

Starlit Power Systems Limited (SPSL) belongs to diversified Starlit Group. It is engaged in Smelting of Battery & Lead Scrap, manufacture, supply and export of pure lead, different Lead Alloys like Calcium Aluminum alloy Antimonial Alloy and Selenium Alloy, Lead Oxides like Lead Sub Oxide and Red Lead. SPSL has the smelting capacity of 15000 MT per annum and refining/alloying capacity of over 12000 MT per annum with technical capacity to convert assorted heterogeneous lead scrap into pure lead of up to 99.98 % purity. It uses its captive producer gas as a fuel for all smelting and refining operations thereby considerably reducing dependence on Hydro-carbons like furnace oil and diesel. The biomass gassifier technology is Developed by TERI and approved by Ministry of New & Renewable Energy, Government of India.Recently, SPSL has commissioned its battery project with the capacity to produce 10,000 batteries for automotive and inverter applications. Lead being an essential input in battery manufacturing and comprising over two-third of the battery cost, for this forward integration of converting the Company produced lead into batteries was a logical step forward for the Company. This

Contact Details

Starlit Power Systems Ltd. AddressA 1/20, LGF, Safdarjung EnclaveDelhi, New Delhi, 110029(011) 26102570info@starlitlead.comVisit Website