Salasar Techno Engineering IPO.

About the Company:

Salasar Techno Engineering is a provider of customised steel fabrication and infrastructure solutions in India for Telecommunication Towers, Transmission Towers & Substation Structures and Solar Module Mounting Structures. The objective of the Company is to supply customised, high-quality material to its impressive and ever-growing clientele.

Company provides complete solutions by carrying out engineering, designing, fabrication, galvanization and deployment.Company’s products include Telecommunication Towers, Power Transmission Line Towers, Smart Lighting Poles, Monopoles, Guard Rails, Substation Structures, Solar Module Mounting Structures and Customised Galvanized
& Non-galvanized steel structures.Company’s services include providing complete engineering, procurement and control for projects such as Rural Electrification, Power Transmission Lines, and Solar Power Plants.

Company provides all kinds of steel fabrication and infrastructure solutions in addition to Telecom Towers and they have executed projects in all kinds of geographical locations nationally and they have maintained an excellent track record.

Company has In-house fabrication and Hot Dip Galvanizing Facilities that assist them in the manufacturing of galvanized Towers as per customer needs and drawings and strengthen their market position as distinguished Towers Suppliers.As part of major expansion, the company recently increased its installed annual manufacturing/fabrication capacity from 50,000 MT to 1,00,000 MT with the installation of new Galvanizing Plant at its wholly owned subsidiary – Salasar Stainless Ltd.

In addition to manufacturing/fabrication,they also undertake civil foundation work, erection of towers both telecom & transmission at site including painting. They have also undertaken EPC Turnkey projects for solar mounting structures for many clients.

Company has established its execution capabilities in a short span of time and developed good relationships with its suppliers and customers.Company has a strong client profile and caters to the leading names in India.


Major Clients of the Company are as Follows:

    • U.P. Power Transmission Corporation Ltd.
    • Tata Power Delhi Distribution Ltd.
    • Unitech Power Transmission Ltd.
    • ATC India Tower Corporation Pvt Ltd.
    • Indus Towers Ltd.
    • ATC Telecom Infrastructure Pvt Ltd.
    • Bharti Infratel Ltd.
    • Reliance Jio Infocomm Ltd.
    • Tower Vision India Pvt Ltd.
    • Viom Networks Ltd.


TOP 10 Shareholders:

Sr.No. Shareholder Name Number of Equity Shares held Percentage of Equity Share Capital %
1. Hill View Infrabuild Ltd. 2,874,300 28.87
2. Shalabh Agarwal 1,280,592 12.86
3. Shikhar Fabtech Pvt. Ltd. 985,000 9.89
4. Alok Kumar 894,000 8.98
5. Shashank Agarwal 710,592 7.14
6. Anshu Agarwal 578,000 5.81
7. Kamlesh Gupta 500,000 5.02
8. Base Engineering Pvt. Ltd. 466,000 4.68
9. Tripti Gupta 400,000 4.02
10. Gyanendera Agarwal 293,816 2.95
Total 9,448,300 94.90%


Services provided by the Company (Manufactures and Installs):

  • Ground Based Towers (GBT) and Roof Top Towers (RTT)
  • Angular Towers- Four and Three legged.
  • Tubular Towers.
  • Hybrid Towers- Tubular legs with angle bracing.
  • Monopoles.
  • Solar Module Mounting Structures.
  • Feeder Segregation and Rural Electrification.
  • Lighting Poles for Smart Cities


Future Expansion Plans of the Company:

  • Plans to Increase Installed Capacity and Expanding the Product Portfolio.
  • Expanding Design and Engineering Capabilities.
  • Targeting New Customer Accounts and Expanding Existing Ones.


Management  Team of the Company are as follows:

  1. Mr.Alok Kumar ( Designation : Chairman & Managing Director)
  2. Mr.Shashank Agarwal (Joint Managing Director)
  3. Mr.Shalabh Agarwal (Whole-Time Director)
  4. Ms. Tripti Gupta (Whole-Time Director)


Objectives of the Issue:

1. To meet the working capital requirements of the Company including margin money.
2. General Corporate Purpose.
3. To meet the Issue Expenses.



Positives of the company:

  • Experience management and promoters.
  • They have a reputed client list, which includes major telecom companies in india..
  • Strong and Steady Financial Performance.
  • Company has a Decent Order Book (Rs.307 crores)
  • After the Issue Promoters will hold 74.98% stake in the company (Which shows Promoters confidence in the company).


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 30th Sept FY 17
Revenue 212.90 292.56 330.36 310.19 154.20
Net Profit 4.93 6.25 6.26 11.03 8.65