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Issue Open Date
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27-Sep-17
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Issue Closing Date
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29-Sep-17
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Application Money
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100
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Allotment Money
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Price Band
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25
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Minimium Application No.
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6000
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Issue Size (Shares)
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2898000
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Market Lot
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1
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Objective
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OBJECTS OF THE ISSUERequirement of Funds:The proceeds of the Issue, after deducting Issue related expenses, are estimated to be 724.50 lakhs(the ?Net Proceeds?).We intend to utilize the net proceeds from Issue towards the following objects:1. Funding the working capital requirements of the Company2. General Corporate Purpose
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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2934000
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description:
OVERVIEWIncorporated in the year 1999, we are a battery manufacturing Company, manufacturing & marketingour products under our flagship brand ?Star Gold?. Our Company, Goldstar Power Limited is locatedat Hapa, Jamnagar on Jamnagar-Rajkot Highway, Gujarat with an integrated plant wherein batteryscrap and discarded batteries procured from dealers and retailers are converted to finished product.Our Company is promoted by Mulji Pansara and Amratlal Pansara. Both our promoters aresubscribers of our Company and are directors since inception. We started by manufacturing of batteryplates and gradually moved to forward and backward stages of manufacturing. Later, in the year 2006,Navneet Pansara, son of Mulji Pansara joined our Company as Director and since then is involved inall day to day activities of our Company. In the year 2008, Vishal Pansara, younger son of MuljiPansara joined our Company who leads the marketing department of our Company.We believe in manufacturing and delivering quality products and are dedicated towards supply ofquality products by controlling the procurement of standard raw material, monitoring the processparameters, maintaining appropriate measures to manage hazardous materials and to comply withapplicable statutory and regulatory requirements of our products. Integrated plant and quality drivenproducts are our major strengths. Our Company‘s major revenue is from sale of Battery and LeadPlates various measures ranging from IST 1000 to IST 2200, GS 400 to GS 1800 and GST, GSD andGSV versions. Our product range covers various types of batteries including automotive batteries,tubular batteries, SMF series batteries, VRLA batteries, Solar batteries, Pure Lead and Alloy batteries.Our manufacturing facility is equipped with requisite infrastructure including machinery, otherhandling equipment to facilitate smooth manufacturing process. We endeavour to maintain safety inour premises by adhering to key safety norms. Our manufacturing process is integrated fromprocurement of raw materials to final testing.Our Company has received Rashtriya Vikas Ratan Gold Award from International Integration andGrowth Society in 2005 for Individual Achievement for Social and Economic Development.Currently our Company caters to all three segments of market viz. exports, domestic/after salesmarket and OEM. We have a widespread customer base with our domestic customer base situated invarious regions of the country and our international customers situated across varied countries likeUganda, Nepal, Lebanon, etc. Our batteries are generally used in cars manufactured by Tata, Marutiand Mahindra. However, the batteries are used as a replacement by car owners and not as stockbatteries by car manufacturers Our Company‘s significant revenue is dependent on Amara RajaBatteries Limited who sells the same to OEMs.Our total revenues from operations for the financial year 2016-17 are Rs. 5481.20 lakhs as comparedto Rs. 4002.91 and Rs. 3748.10 lakhs in financial year 2015-16 and 2014-15 respectively. Our profitbefore tax and depreciation for the financial year 2014-15 was Rs. 74.99 lakhs which increased to Rs.110.24 lakhs in financial year 2015-16 and Rs. 226.63 lakhs in financial year 2016-17.
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Promoter's Holding
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Total Share Capital
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Offered to Public
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Promoter's Holding (Pre-Issue)
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Promoter's Holding (Post-Issue)
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Address |
Behind Ravi Patrol Pump
Rajkot Highway
At & Post – Hapa
Jamnagar
,
Gujarat
,
361120
Phone :
0288-2571120/21
Email :
admin@goldstarpower.com
Website :
www.goldstarpower.com
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Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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NSE
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Lead Manager |
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Pantomath Capital Advisors Pvt Ltd.
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Promoters |
Amratlal Pansara
Mulji Pansara
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