Solanki Mechanic Works Ltd.
SMEBSETBA
TBA
1 Shares
TBA
₹10
Subscription Details
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IPO Offer Ends
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About the Company
Solanki Mechanic Works Limited (the “Company”), is an India-based manufacturer of specialized jewellery-making machinery, established in 1962. The Company is engaged in the design, development and manufacture of CNC and PLC based machinery used in the production and value-addition of jewellery products. Over the years, our Company has developed expertise in machinery for faceting and decorative processing applications across various jewellery categories, catering to both domestic and international jewellery manufacturers (Source: D&B Report). Through its export presence and long operating history, our Company, has established a position within India's specialised jewellery-machinery manufacturing segment, which remains largely fragmented and characterised by niche, privately owned participants (Source: D&B Report). In 2006, we commenced our international operations by entering the jewellery market in Dubai. Since then, we have expanded our operations to international markets, including the United States and certain other countries. We are multinational player in jewellery manufacturing machinery industry. We serve customers across domestic and international markets. The Company serves customers across more than 15 countries and exports a portion of its production to overseas markets (Source: D&B Report). We export our products in the countries including the UAE, Oman, Qatar, Saudi Arabia, the United States and other international markets. Our export business has contributed significantly to our operations, reflecting the acceptance of our products in overseas markets.
Use of Proceeds
1) Capital Expenditure for Expansion of Manufacturing Capacity 2) Capital Expenditure towards Backward Integration of Manufacturing Process 3) Setting up a new manufacturing facility at Plot No. 55+56, Old Sr.No.24/1 New Sr. No .306, Village: Amreli, TAL.: Padadhari, Dist.: Rajkot; 4) Funding of working capital requirements; and 5) General corporate purposes
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IPO FAQs
The for the Solanki Mechanic Works Ltd. IPO is 1 shares, which is also the minimum order quantity — you have to apply for at least 1 shares, and in multiples of 1 beyond that.
Solanki Mechanic Works Ltd. IPO shares are proposed to be listed on BSE.
Each Solanki Mechanic Works Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
1) Capital Expenditure for Expansion of Manufacturing Capacity 2) Capital Expenditure towards Backward Integration of Manufacturing Process 3) Setting up a new manufacturing facility at Plot No. 55+56, Old Sr.No.24/1 New Sr. No .306, Village: Amreli, TAL.: Padadhari, Dist.: Rajkot; 4) Funding of working capital requirements; and 5) General corporate purposes
Pre-apply means placing your Solanki Mechanic Works Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Solanki Mechanic Works Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Solanki Mechanic Works Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.