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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 ₹18.00 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). The minimum lot size investment for 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 Date | July 8, 2021 to July 13, 2021 |
| Listing Date | July 22, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,00,000 shares (aggregating up to ₹6.48 Cr) |
| Reserved for Market Maker | 1,92,000 shares Sernet Financial Services Pvt.Ltd. (aggregating up to ₹0.3456 Cr) |
| Net Offered to Public | 34,08,000 shares (aggregating up to ₹6.13 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 45,64,800 shares |
| Share Holding Post Issue | 81,64,800 shares |
AA Plus Tradelink IPO offers total 36,00,000 shares. Out of which 17,04,000 (47.33%) allocated to NII, 17,04,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,92,000 (5.33%) |
| NII (HNI) Shares Offered | 17,04,000 (47.33%) |
| Retail Shares Offered | 17,04,000 (47.33%) |
| Total Shares Offered | 36,00,000 (100.00%) |
AA Plus Tradelink IPO opens on July 8, 2021, and closes on July 13, 2021.
| IPO Open Date | Thu, Jul 8, 2021 |
| IPO Close Date | Tue, Jul 13, 2021 |
| Tentative Allotment | Fri, Jul 16, 2021 |
| Initiation of Refunds | Mon, Jul 19, 2021 |
| Credit of Shares to Demat | Mon, Jul 19, 2021 |
| Tentative Listing Date | Thu, Jul 22, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 13, 2021 |
Investors can bid for a minimum of 8,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in lakhs) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |||
| Total Assets | 1,020.24 | 964.00 | 1,159.24 | ||
| Total Revenue | 1,731.76 | 519.82 | 2,204.01 | ||
| Profit After Tax | 14.21 | 10.15 | 5.58 | ||
The Company AA Plus Tradelink IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Augmenting additional working capital requirements | 4.77 |
| 2 | General Corporate Purposes | 1.41 |
[Dilip Davda] The company is engaged in the trading of metal and alloys which is highly fragmented and has stiff competition. Based on its financial track record, the issue appears exorbitantly priced. Hence there is no harm in skipping this issue. Read detail review...
| Listing Date | July 22, 2021 |
| BSE Script Code | 543319 |
| NSE Symbol | |
| ISIN | INE0C5901014 |
| Final Issue Price | ₹18 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹17.50 |
| Low | ₹17.50 |
| High | ₹17.50 |
| Last Trade | ₹17.50 |
AA Plus Tradelink Ltd.
B-702,Divine Jalpa,Gomati Bhuvan, Near Jain Temple
Jambli Gali,
Borivali (West),
Mumbai, Maharashtra, 400092
Phone: +91 22 2898 0308
Email: contact@aaplustradelink.com
Website: http://www.aaplustradelink.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
AA Plus Tradelink IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.48 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on July 8, 2021, and closes on July 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 July 8, 2021 and closes on July 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 Monday, July 19, 2021. Check the AA Plus Tradelink IPO allotment status.
The AA Plus Tradelink IPO listing date is on Thursday, July 22, 2021.
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