Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Thu, Jul 8, 2021 - Tue, Jul 13, 2021
AA Plus Tradelink IPO is a fixed price issue of ₹6.48 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹6.48 crore.
AA Plus Tradelink IPO bidding started from Jul 8, 2021 and ended on Jul 13, 2021. The allotment for AA Plus Tradelink IPO was finalized on Jul 16, 2021. The shares got listed on BSE SME on Jul 22, 2021.
AA Plus Tradelink IPO price is ₹18 per share. The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (8000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (16,000 shares), amounting to ₹2,88,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Sernet Financial Services Pvt.Ltd..
Refer to AA Plus Tradelink IPO RHP for detailed Information.
IPO Open
Thu, Jul 8, 2021
IPO Close
Tue, Jul 13, 2021
Issue Price
₹18 per share
Market Cap (Pre-IPO)
₹14.70 Cr
| IPO Date | 8 to 13 Jul, 2021 |
| Listed on | Thu, Jul 22, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 36,00,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 1,92,000 shares Sernet Financial Services Pvt.Ltd. (agg. up to ₹0.3456 Cr) |
| Fresh Issue (Ex Market Maker) | 34,08,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 34,08,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 45,64,800 shares |
| Share Holding Post Issue | 81,64,800 shares |
| BSE Script Code | 543319 |
| ISIN | INE0C5901014 |
AA Plus Tradelink IPO comprises a total issue size of 36,00,000 shares. The net offer to the public is 34,08,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 17,04,000 (50.00%) allocated to NII 17,04,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,04,000 | 50.00% | 47.33% |
| Retail Shares Offered | 17,04,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.33% | |
| Total Shares Offered | 36,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
Incorporated in 2016, AA Plus Tradelink Limited is engaged in the trading of products made of iron & steel, aluminium, graphite, and other alloy products. It offers a diversified range of products such as aluminium bars, Aluminium Scrap, Aluminium Powder, G I pipes, Graphite Flakes, Graphite Powder, Graphite Rods, Blocks and Plates, Graphite Square and Round, M S Pipe, M S Sheet, Nickel Powder, Zirconium Alloy, etc to clients in construction and manufacturing sector.
It further supplies Epoxy Floor coatings, PU Floor Coating, Epoxy Primer, and Epoxy Heat Resistance Coating.
Competitive strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting additional working capital requirements | 4.77 |
| 2 | General Corporate Purposes | 1.41 |
The AA Plus Tradelink IPO is subscribed 1.46 times on July 13, 2021 5:00:00 PM (Day 5). The public issue subscribed 2.61 times in the retail category, 0 times in the QIB category, and 0.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.32 | 17,04,000 | 5,44,000 |
| Retail | 2.61 | 17,04,000 | 44,48,000 |
| Total | 1.46 | 34,08,000 | 49,92,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses. | 0.20 |
| 2 | Advertising and marketing expenses | 0.02 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.03 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹17.50 |
| Low | ₹17.50 |
| High | ₹17.50 |
| Last Trade | ₹17.50 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
AA Plus Tradelink IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on Thu, Jul 8, 2021, and closes on Tue, Jul 13, 2021.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in AA Plus Tradelink IPO using UPI as a payment gateway. Zerodha customers can apply in AA Plus Tradelink IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AA Plus Tradelink IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AA Plus Tradelink IPO opens on Thu, Jul 8, 2021 and closes on Tue, Jul 13, 2021.
AA Plus Tradelink IPO lot size is 8000, and the minimum amount required for application is ₹1,44,000.
You can apply in AA Plus Tradelink IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for AA Plus Tradelink IPO will be done on Friday, July 16, 2021, and the allotted shares will be credited to your demat account by Mon, Jul 19, 2021. Check the AA Plus Tradelink IPO allotment status.
The AA Plus Tradelink IPO listing date is on Thu, Jul 22, 2021.
