Saketh Seven Star Industries IPO is the proposed SME initial public offering of Saketh Sevvenstar Industries Limited, formerly known as Saketh Seven Star Industries Limited. The company is engaged in manufacturing engineering products, fasteners, dies and tools and undertaking coating and fabrication activities for industrial applications. Its current official website describes it as a screw and fastening-solutions manufacturer serving industrial, construction and engineering applications.
The company filed a Draft Red Herring Prospectus dated March 27, 2024 for a 100% book-built fresh issue of up to 24,35,200 equity shares. The DRHP stated that the issue could aggregate up to ₹3,151.20 lakh, or approximately ₹31.51 crore. There was no Offer for Sale component in the proposed issue.
The equity shares are proposed to be listed on the SME Platform of the National Stock Exchange of India Limited. As of October 5, 2026, the IPO remains in the upcoming SME category and the final issue dates, price band and lot size have not been announced.
Table of Contents
Saketh Seven Star Industries IPO Details Information
The following IPO details are based on the March 27, 2024 DRHP. Since the issue has not yet opened, the price band, final issue amount, lot size and bidding schedule remain unavailable.
| Particulars | Information |
|---|---|
| IPO Name | Saketh Seven Star Industries IPO |
| Current Company Name | Saketh Sevvenstar Industries Limited |
| Former Company Name | Saketh Seven Star Industries Limited |
| IPO Type | 100% Book Built Issue |
| IPO Category | NSE SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | |
| Issue Size | Up to ₹31.51 Crore |
| Fresh Issue | Up to 24,35,200 Equity Shares |
| Offer for Sale | Nil |
| IPO Open Date | |
| IPO Close Date | |
| Anchor Investor Bidding | |
| Basis of Allotment | |
| Refund Initiation | |
| Shares Credited to Demat Account | |
| Listing Date | |
| Listing Exchange | NSE SME |
| Lot Size | |
| Registrar | Bigshare Services Private Limited |
| Book Running Lead Manager | Inventure Merchant Banker Services Private Limited |
The DRHP states that the issue is being made under Chapter IX of the SEBI ICDR Regulations and that the post-issue paid-up capital is expected to be above ₹10 crore but below ₹25 crore.
Saketh Seven Star Industries IPO Dates
The final bidding schedule has not yet been announced.
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | |
| IPO Opening Date | |
| IPO Closing Date | |
| Basis of Allotment | |
| Refund Initiation | |
| Shares Credited to Demat Account | |
| Listing Date |
The March 2024 DRHP left the anchor investor date, bid opening date and bid closing date blank. Current SME IPO listings also continue to show the bidding dates as “To be announced.”
Saketh Seven Star Industries IPO Reservation
The DRHP provides for allocation among Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors, together with a Market Maker Reservation Portion applicable to SME IPOs.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Up to 50% of Net Issue |
| Non-Institutional Investors (NII) | Not less than 15% of Net Issue |
| Retail Individual Investors (RII) | Not less than 35% of Net Issue |
| Market Maker Reservation | To be Updated |
The DRHP states that not less than 15% of the Net Issue will be available for Non-Institutional Bidders and not less than 35% for Retail Individual Bidders, subject to valid bids.
Saketh Seven Star Industries IPO Lot Size
The minimum bid lot has not yet been announced.
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | ||
| Retail Maximum | ||
| HNI Minimum |
The DRHP states that the minimum bid lot will be decided by the company in consultation with the Book Running Lead Manager and announced before the issue opens.
About Saketh Seven Star Industries
Saketh Sevvenstar Industries Limited, formerly Saketh Seven Star Industries Limited, was incorporated on October 9, 2019. The company was initially incorporated as a private limited company and was subsequently converted into a public limited company. Its registered office is located in Turbhe MIDC, Navi Mumbai, Maharashtra.
The company is engaged in manufacturing engineering products, fasteners, dies and tools and undertaking various fabrication and coating activities. The earlier company website states that it provides zinc and aluminium flake coating and mechanical zinc coating for its own products as well as other fastener companies.
Its current corporate positioning focuses more prominently on screw manufacturing and industrial fastening solutions. The company states that its products are used across automotive, infrastructure, construction, renewable-energy and aerospace applications. Its website reports over 25 years of underlying industry experience, more than 230 skilled team members and production capacity exceeding 200 tonnes per month.
Business Operations
Saketh Sevvenstar Industries operates across several engineering and manufacturing activities:
- Screw and fastener manufacturing.
- Zinc flake coating.
- Chemical coating.
- Mechanical zinc coating.
- Manufacturing of dies and moulds.
- Engineering-product manufacturing.
- Trading of engineering goods.
- Industrial fabrication.
- Wood and board fasteners.
- Drywall screws.
- Chipboard screws.
- Frame fixing and wood screws.
- High-tensile resin studs.
- Industrial fastening systems.
- Engineering components for construction and industrial applications.
The March 2024 DRHP stated that approximately 74.27% of FY2023 revenue was generated from zinc flake and chemical coating, while the remaining revenue was generated from activities including engineering-goods trading, dies and moulds and fastener manufacturing.
Industry Overview
Fasteners and industrial engineering components are essential inputs across construction, infrastructure, automotive, machinery, renewable energy and industrial manufacturing. Demand for specialized screws, fasteners and coated engineering components is linked to infrastructure investment, industrial production and construction activity.
Industrial buyers increasingly require products that meet stringent quality, corrosion-resistance and durability standards. Coating technologies such as zinc flake and mechanical zinc coating can improve corrosion resistance and service life, particularly for components used in demanding environments.
Saketh Sevvenstar operates across manufacturing as well as value-added coating and engineering services, providing it with exposure to multiple industrial customer categories.
Business Strategy
The company’s strategy includes expanding manufacturing capacity, improving product quality, increasing automation and broadening its screw and fastening-product portfolio. Its official website highlights innovation in screw design, materials and coatings as part of its long-term growth strategy.
The company is also focusing on digital transformation and automation. Its board profile states that management is implementing automation to streamline production processes, improve efficiency and support capacity expansion.
The IPO-related funding plan disclosed in the March 2024 DRHP was primarily focused on strengthening working capital to support the company’s operating requirements and business expansion.
Saketh Seven Star Industries IPO Financial Information
The March 2024 DRHP provides restated financial information through FY2023 and for the nine months ended December 31, 2023. The company subsequently reported FY2024 revenue of approximately ₹115.25 crore through MCA-derived corporate filings, although a complete updated IPO restated financial statement for later periods has not yet been publicly finalized.
Saketh Seven Star Industries Financial Summary
| Particulars | FY2021 | FY2022 | FY2023 | 9M Dec 2023 |
|---|---|---|---|---|
| Revenue from Operations | ₹0.98 Cr | ₹24.31 Cr | ₹57.53 Cr | ₹86.32 Cr |
| Total Income | ₹0.99 Cr | ₹24.36 Cr | ₹57.77 Cr | ₹87.57 Cr |
| EBITDA | ₹0.40 Cr | ₹0.87 Cr | ₹3.18 Cr | ₹4.57 Cr |
| Profit After Tax | ₹0.10 Cr | ₹0.32 Cr | ₹1.69 Cr | ₹2.77 Cr |
| Total Assets | ||||
| Net Worth | ₹1.17 Cr | ₹10.26 Cr | ₹15.00 Cr | ₹35.91 Cr |
Revenue from operations increased from ₹24.31 crore in FY2022 to ₹57.53 crore in FY2023. PAT increased from ₹31.92 lakh to ₹168.85 lakh during the same period. For the nine months ended December 31, 2023, the company reported ₹86.32 crore of revenue from operations and PAT of ₹2.77 crore.
The DRHP attributed FY2023 revenue growth primarily to growth in chemical-coated yarn sales, commencement of export sales for flanges and changes in the company’s engineering-goods procurement strategy.
Saketh Seven Star Industries IPO Key Performance Indicators (KPIs)
The following KPIs are based on the restated financial information disclosed in the March 2024 DRHP.
| KPI | FY2021 | FY2022 | FY2023 | 9M Dec 2023 |
|---|---|---|---|---|
| ROE / RoNW | 8.93% | 3.11% | 11.26% | 7.70% |
| ROCE | 16.94% | 3.22% | 11.64% | 9.75% |
| PAT Margin | 10.53% | 1.31% | 2.92% | 3.16% |
| EBITDA Margin | 0.69% | 6.13% | 5.64% | 5.22% |
| EPS | ₹1.04 | ₹0.65 | ₹3.25 | ₹4.09 |
| NAV Per Share | ₹11.67 | ₹20.99 | ₹28.88 | ₹53.17 |
The company’s RoNW increased from 3.11% in FY2022 to 11.26% in FY2023, while EPS increased from ₹0.65 to ₹3.25. For the nine-month period ended December 31, 2023, EPS was ₹4.09 and NAV per equity share was ₹53.17.
The EBITDA margin was 5.64% in FY2023 and 5.22% during the nine months ended December 31, 2023.
Objects of the Saketh Seven Star Industries IPO
The company proposed to use the net proceeds from the fresh issue primarily to support its working-capital requirements and general corporate purposes.
- Funding working capital requirements of the company.
- General corporate purposes.
- Payment of IPO-related expenses.
The March 2024 DRHP identifies working capital as the principal use of IPO proceeds and also states that the amount used for general corporate purposes will not exceed 25% of the fresh issue amount.
Since the public issue is entirely a fresh issue, proceeds after issue expenses are intended to be received by the company rather than existing shareholders.
Saketh Seven Star Industries IPO Listing Performance
Saketh Sevvenstar Industries remains unlisted and therefore has no IPO listing performance yet.
| Particular | Value |
|---|---|
| Listing Exchange | NSE SME |
| Listing Date | |
| Issue Price | |
| Listing Price | |
| Listing Gain | |
| Listing Gain (%) |
The DRHP proposes listing the company’s equity shares on the SME Platform of the National Stock Exchange of India Limited.
Saketh Seven Star Industries IPO Subscription Status
The IPO has not yet opened for public subscription.
Saketh Seven Star Industries IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | |
| Non-Institutional Investors (NII) | |
| Retail Individual Investors (RII) | |
| Total Subscription |
Subscription information will become available after the company announces the final price band and opens the issue for bidding.
Saketh Seven Star Industries IPO Review
Saketh Sevvenstar Industries operates in the engineering, industrial fasteners and specialized coating segment. Its business includes zinc flake and chemical coating, screw and fastener manufacturing, dies and moulds and engineering-goods activities. The company’s current product portfolio serves sectors including automotive, infrastructure, construction, renewable energy and aerospace.
The financial information contained in the March 2024 DRHP showed strong expansion during the period covered by the filing. Revenue from operations increased from ₹0.98 crore in FY2021 to ₹57.53 crore in FY2023 and reached ₹86.32 crore in the nine months ended December 2023. PAT also increased to ₹2.77 crore during that nine-month period.
However, investors should consider that the DRHP dates back to March 27, 2024 and the IPO has still not reached its final bidding stage as of October 2026. The company has subsequently changed its name to Saketh Sevvenstar Industries Limited and its business has continued to develop. Consequently, investors should rely on the latest RHP or prospectus and updated financial statements when the IPO is formally launched rather than treating the older DRHP terms as final.
Saketh Seven Star Industries IPO Strengths
- Presence in the engineering and fastener manufacturing industry.
- Experience in zinc flake and chemical coating.
- Diversified engineering-product portfolio.
- Screw and fastener manufacturing capabilities.
- Exposure to automotive and infrastructure industries.
- Exposure to construction applications.
- Exposure to renewable-energy applications.
- Products manufactured in accordance with recognized industrial standards.
- Revenue growth during the period covered by the DRHP.
- Improvement in profitability through FY2023 and December 2023.
- Increasing net worth.
- Manufacturing and value-added coating capabilities.
- Focus on automation and digital transformation.
- More than 230 skilled team members according to the company website.
- Production capacity exceeding 200 tonnes per month according to the company website.
Saketh Seven Star Industries IPO Risk Factors
- The IPO DRHP is dated March 2024 and the public issue has not yet been completed.
- Final price band and valuation remain unavailable.
- Final lot size remains unavailable.
- Final bidding dates remain unavailable.
- Manufacturing operations are exposed to fluctuations in raw-material costs.
- Working-capital requirements are significant for the business.
- Demand depends partly on industrial and infrastructure activity.
- Customer concentration may affect revenue stability.
- The company operates in a competitive fastener and engineering-components market.
- Changes in steel and other metal prices may affect margins.
- Manufacturing disruptions could affect production.
- Quality failures may affect customer relationships.
- Environmental and regulatory requirements apply to coating operations.
- Expansion requires continuing capital and working-capital deployment.
- SME shares may experience lower trading liquidity after listing compared with larger mainboard companies.
- Investors should use updated RHP financial information once it becomes available.
Saketh Seven Star Industries IPO Promoters
According to the March 2024 DRHP, the promoters of Saketh Seven Star Industries Limited were Shabbir Huseni Merchant, Fatema Shabbir Kachwala, Shalin Sanjay Patel, Saloni Sanjay Patel, Smita Sanjay Patel and Tembo Global Industries Limited.
Saketh Seven Star Industries IPO Promoters Details
| Promoter | Category |
|---|---|
| Shabbir Huseni Merchant | Individual Promoter |
| Fatema Shabbir Kachwala | Individual Promoter |
| Shalin Sanjay Patel | Individual Promoter |
| Saloni Sanjay Patel | Individual Promoter |
| Smita Sanjay Patel | Individual Promoter |
| Tembo Global Industries Limited | Corporate Promoter |
Tembo Global Industries Limited was identified as a corporate promoter in the DRHP. Its promoter and promoter group collectively held 55.43% of Tembo Global Industries itself at the time of the filing.
Saketh Seven Star Industries IPO Management Team
The current official company website identifies Shabbir Merchant as Managing Director and Sanjay Patel, Shalin Patel and Fatema Shabbir Kachwala as directors. The investor-relations page also lists independent directors and the current compliance officer.
| Name | Designation |
|---|---|
| Shabbir Merchant | Managing Director |
| Sanjay Patel | Director |
| Shalin Patel | Director |
| Fatema Shabbir Kachwala | Director |
| Sumantra Sarathi Mahata | Independent Director / Committee Chairperson |
| Ankit Bhaskar | Independent Director / Committee Member |
| Jyoti Rawal | Company Secretary & Compliance Officer |
The company’s investor-relations page identifies Jyoti Rawal as Company Secretary and Compliance Officer and provides [email protected] as the compliance email.
Saketh Seven Star Industries IPO Registrar Details
Bigshare Services Private Limited was appointed as the Registrar to the Issue in the March 2024 DRHP.
| Particular | Details |
|---|---|
| Registrar Name | Bigshare Services Private Limited |
| Contact Person | Babu Rapheal |
| Phone | +91 22 6263 8200 |
| Email ID | [email protected] |
| Website | |
| IPO Allotment Status |
The registrar information is disclosed on the cover page of the March 27, 2024 DRHP.
Saketh Seven Star Industries IPO Lead Manager Details
Inventure Merchant Banker Services Private Limited was appointed as the Book Running Lead Manager to the proposed SME IPO.
| Particular | Details |
|---|---|
| Lead Manager | Inventure Merchant Banker Services Private Limited |
| Contact Person | Arvind Gala |
| Phone | +91 22 4075 1500 |
| [email protected] |
The company had one Book Running Lead Manager identified in the March 2024 DRHP.
Saketh Seven Star Industries Contact Details
| Particular | Details |
|---|---|
| Current Company Name | Saketh Sevvenstar Industries Limited |
| Former Name | Saketh Seven Star Industries Limited |
| Registered Office | Plot No. D-146/147, Turbhe MIDC, TTC Industrial Estate, S Central Road, Opp. Balmer Lawrie Vaan Leer, Navi Mumbai, Maharashtra – 400705 |
| Phone | 022-2762 0641/42/43 |
| [email protected] | |
| Sales Email | [email protected] |
| Compliance Email | [email protected] |
| Compliance Contact | +91 7045847430 |
| Website | sssipl.in |
The current address and contact information are provided on the company’s official website and investor-relations page.
Prospectus / Documents
The company has filed Draft Red Herring Prospectuses relating to its proposed SME issue. The latest publicly located DRHP is dated March 27, 2024.
| Document | Status |
|---|---|
| Earlier DRHP | September 22, 2023 |
| Updated / Latest Located DRHP | March 27, 2024 |
| RHP | |
| Prospectus | |
| Annual Return FY2024-25 | Available on Company Website |
| Annual Report FY2025-26 | Available on Company Website |
The March 27, 2024 DRHP is available through NSE’s SME document archives, while the current company investor-relations page lists FY2024-25 annual return and FY2025-26 annual report disclosures.
How to Check Saketh Seven Star Industries IPO Allotment Status
Investors will be able to check Saketh Seven Star Industries IPO allotment status after the issue opens, closes and the basis of allotment is finalized.
Through Registrar
- Visit the official Bigshare Services IPO allotment portal.
- Select Saketh Seven Star Industries IPO.
- Select the available search option such as PAN, Application Number or Beneficiary ID.
- Enter the required information.
- Complete the verification process.
- Submit the details.
- View the IPO allotment status.
Through NSE
- Visit the official NSE IPO allotment or issue-related page.
- Select Saketh Seven Star Industries IPO when available.
- Enter the required application details.
- Submit the information.
- Check the allotment status.
The allotment status is currently unavailable because the IPO has not yet opened for bidding.
Saketh Seven Star Industries IPO Conclusion
Saketh Sevvenstar Industries Limited operates in the industrial engineering, fastener and specialized-coating sector. The company manufactures screws and fasteners and also undertakes zinc flake coating, chemical coating, engineering-product trading, dies and moulds and other related manufacturing activities. Its products serve industries including automotive, infrastructure, construction and renewable energy.
The historical financial information in the IPO DRHP shows meaningful business growth. Revenue from operations increased from ₹24.31 crore in FY2022 to ₹57.53 crore in FY2023, while PAT increased from ₹31.92 lakh to ₹1.69 crore. For the nine months ended December 31, 2023, revenue from operations reached ₹86.32 crore and PAT reached ₹2.77 crore.
The proposed IPO consists entirely of a fresh issue of up to 24,35,200 equity shares and was stated in the March 2024 DRHP as aggregating up to approximately ₹31.51 crore. The shares are proposed to be listed on NSE SME. Since the IPO remains pending and final pricing and dates have not yet been announced, investors should review the latest RHP, updated financial statements, issue price, valuation and final objects before making an investment decision.
Saketh Seven Star Industries IPO FAQs
What is Saketh Seven Star Industries IPO?
Saketh Seven Star Industries IPO is the proposed SME initial public offering of Saketh Sevvenstar Industries Limited, formerly known as Saketh Seven Star Industries Limited.
What is the issue size of Saketh Seven Star Industries IPO?
The March 27, 2024 DRHP proposed a fresh issue of up to 24,35,200 equity shares aggregating up to approximately ₹31.51 crore.
What is the price band of Saketh Seven Star Industries IPO?
The price band has not yet been announced.
Is Saketh Seven Star Industries IPO a fresh issue or OFS?
The proposed IPO is a 100% fresh issue. There is no Offer for Sale component in the March 2024 DRHP.
When will Saketh Seven Star Industries IPO open?
The IPO opening date has not yet been announced.
What is the Saketh Seven Star Industries IPO lot size?
The minimum bid lot has not yet been announced.
Where will Saketh Seven Star Industries shares be listed?
The shares are proposed to be listed on the SME Platform of the National Stock Exchange of India Limited.
Who is the registrar of Saketh Seven Star Industries IPO?
Bigshare Services Private Limited is the registrar to the proposed issue.
Who is the lead manager of Saketh Seven Star Industries IPO?
Inventure Merchant Banker Services Private Limited is the Book Running Lead Manager to the proposed IPO.
Who are the promoters of Saketh Seven Star Industries?
The promoters listed in the March 2024 DRHP are Shabbir Huseni Merchant, Fatema Shabbir Kachwala, Shalin Sanjay Patel, Saloni Sanjay Patel, Smita Sanjay Patel and Tembo Global Industries Limited.
What was Saketh Seven Star Industries’ revenue in FY2023?
The company reported revenue from operations of ₹57.53 crore in FY2023.
What was Saketh Seven Star Industries’ PAT in FY2023?
The company reported restated PAT of ₹1.69 crore in FY2023.
What are the objects of Saketh Seven Star Industries IPO?
The principal stated object of the issue is funding the company’s working-capital requirements, together with general corporate purposes and issue-related expenses.
Is Saketh Seven Star Industries already listed?
No. Saketh Sevvenstar Industries Limited remains an unlisted public company, and its proposed SME IPO has not yet completed the listing process.
Is Saketh Seven Star Industries now called Saketh Sevvenstar Industries?
Yes. The company’s current official website identifies it as Saketh Sevvenstar Industries Limited and states that it was formerly known as Saketh Seven Star Industries Limited.
