South West Pinnacle Exploration Limited Profile:
South West Pinnacle Exploration Limited is an ISO 9001:2015 certified organization. Incorporated in 2006, SWPE Limited is a Gurgaon, Haryana based company. In 2007 South West Pinnacle Exploration Limited took its first step in the field of drilling and exploration services with just a small fleet of two drill machines. It is one of the fastest growing private exploration services company in India. It works in the field of Mineral & Unconventional Energy resources.
South West Pinnacle Exploration Limited provide quality, timely & safe delivery of its services to its customers both within the country and overseas with the combined efforts of its young management, experienced professionals, and dynamic workforce.
SWPE changed in terms of manpower, fleet size and varied expertise, which offer to its ever-increasing customer base from the exploration of mineral and coal to CBM exploration & production, Aquifer Mapping and provide Geological & Geophysical services etc.
At present SWPE has a large fleet of 37 numbers of coring, RC & DTH rigs, having drilling capacity between 300m to 2000m. The average age of rigs is less than 5 years.
South West Pinnacle Exploration Limited Promoters:
Promoters of the company are Piyush Jain and Vikas Jain.
South West Pinnacle Exploration Limited IPO details:
Symbol: SOUTHWEST
Issue Size: Initial Public offer of Up to 45,96,800 Equity Shares (including Market Maker portion of 2,35,200 Equity Shares)
Face Value: Rs.10 Per Equity Share
Price Range: Rs.76 – Rs.78 Per Equity Share
Issue Type: 100% Book Building
Bid Lot: 1600 Shares Equity Shares and in multiples thereof
Minimum Order Quantity: 1600 Shares
Registrar: Link Intime India Private Limited
Issue Period: 06-Feb-2018 to 08-Feb-2018
Maximum Subscription Amount for Retail Investor: Rs.2,00,000
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Listing at: NSE SME
Financials of the South West Pinnacle Exploration Limited:
| South West Pinnacle’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018* | |
| Total revenue | 37.8 | 52.2 | 63.4 | 84.9 | 74.8 | 37.3 |
| Total expenses | 36.0 | 48.4 | 59.0 | 79.1 | 65.6 | 32.4 |
| Profit after tax | 0.3 | 2.8 | 2.9 | 3.9 | 6.1 | 3.3 |
South West Pinnacle Limited IPO Subscription Details:
| Total Issue Size | 3313600 |
| Total Bids Received | 62800000 |
| Total Bids Received at Cut-off Price | 3665600 |
| No. of times issue is subscribed | 18.95 |
* Last updated 08/02/2018 3:50:00 IST
Bid Details for SOUTHWEST as on 08-Feb-2018 15:40:00 IST
| Sr. No | Category | No of shares bid for |
| 1 | Qualified Institutional Buyers(QIBs) | 1,42,91,200 |
| 2 | Non Institutional Investors | 3,70,54,400 |
| 3 | Retail Individual Investors(RIIs) | 1,07,56,800 |
| 4 | Employees | 2,08,000 |
| Total | 6,23,10,400 |
South West Pinnacle Exploration Limited Allotment Status:
South West Pinnacle Exploration Limited IPO Allotment Date: 14 February 2018
South West Pinnacle Exploration Limited IPO Listing Date: On or about 20 February 2018
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