Salasar Exteriors and Contour Ltd

About the Company:

Salasar Exteriors and Contour Ltd is engaged in Interior and Exterior Work with expertise in corporate offices, Commercials, Budget Hotels, Residential, Hospitals, Hostels, Departmental stores and Healthcare projects.

Company is consistently recognized for its business acumen and its variety of innovative Interior ideas solutions that impeccably blend functional and esthetic needs in the business of Interior infrastructure products.

Company undertakes projects on turnkey basis and is involved right from creation of the structure to implementation of plans along with installation and providing of other allied interior finishing, furniture mechanical, electrical, plumbing (MEP) and services.

Company provides end-to-end services for residential buildings, hotels and hospitality sectors, multi-level car parks, corporate office buildings, Departmental stores and buildings for commercial purposes and buildings for educational, hospitality and healthcare purposes and award projects through our channel partners.


Services Provided by the Company:

  • Mechanical, electrical plumbing and finishing works.
  • super steel and structural work.
  • Furniture work.
  • Fire-fighting work of residential, commercial, hotels etc
  • Finishing works.


Company’s Major Clients:

  • TATA Power
  • Delhi Metro Rail Corporation.
  • JSW Steel Limited.
  • GODREJ (Caroa Properties Llp)
  • CAPITA India Pvt. Ltd
  • ACCENTURE Services Ltd (JLL)


Company’s Work with Walmart:

Company is one of the esteemed facilitators of Walmart which has recently entered into India.

Company is engaged into execution and carving out of Departmental Stores for Walmart and have already completed 3 (three) stores in Bhopal, Amravati and Aurangabad and work in progress at INDORE & NIZAMABAD.

Company is also bidding for obtaining the contracts for further designing and construction of departmental stores for the foreign retail giant and positively expect to complete a mark of atleast 10 (Ten) more stores.


Budget Hotel Industry Segment:

Company also works for Budget Hotel Industry segment with Corporate Group like TATA Group and has designed hotel chain of TATA Group run and maintained in the name and style of GINGER Hotels at Nashik, Jamshedpur, Indore and Mangalore.


Management Team:

  1. Mr. Shreekishan Joshi (Designation: Managing Director)
  2. Mrs. Bhageshree Shreekishan Joshi (Designation: Executive Director)


Objectives of the Issue:

  • To Meet Working Capital Requirement.
  • General Corporate Expenses.
  • To Meet the Issue Expenses.


Fund Utilisation:

Particulars Amount (Rs. in Crores)
Working Capital requirements 6.29
General Corporate Expenses 1.70
Issue Related Expenses 0.50
Net Proceeds Rs.8.49 cr


IPO Details:

Details Info
Issue Opens on 28th August 2019
Issue Closes on:. 3rd September 2019
Issue Price Rs.36
Face Value Rs.10
Minimum Lot 4000 Shares
Minimum Investment Rs.1,44,000
Issue Constitutes 28.66%
Issue Size Rs.8.49 cr
Market Cap Rs.29.64 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 23,60,000
Equity Shares Prior to the Issue 58,74,868
Equity Shares after the issue 82,34,868


Company Contact Info:
Salasar Exteriors And Contour Limited
A-922/923, Corporate Avenue,
Sonawala Rd Nr Udyog Nagar Bhuvan,
Goregaon East, Mumbai MH 400063 IN
Telephone: +91 22–67083366


IPO Registrar Info:
Karvy Selenium Tower B Plot 31 and 32,
Gachibowli Financial District,
Nanakramguda Hyderabad 500 032
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551


Lead Manager to the Issue:
423, A Wing, Bonanza, Sahar Plaza Complex,
J. B. Nagar, Andheri-Kurla Road,
Andheri (East), Mumbai – 400 059
Telephone: +91 22 4120 4837; +91 22 4973 5078