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Adishakti Loha IPO is a fixed price issue of ₹2.00 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹2.00 crore.
Adishakti Loha IPO bidding started from Sep 30, 2021 and ended on Oct 5, 2021. The shares got listed on BSE SME on Oct 13, 2021.
Adishakti Loha IPO price is ₹11.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (10000 shares). The minimum lot size investment for HNI is 2 lots (20,000 shares), amounting to ₹2,20,000.
Turnaround Corporate Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Adishakti Loha IPO RHP for detailed Information.
| IPO Date | September 30, 2021 to October 5, 2021 |
| Listing Date | October 13, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹11 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,20,000 shares (aggregating up to ₹2.00 Cr) |
| Reserved for Market Maker | 1,00,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.1100 Cr) |
| Net Offered to Public | 17,20,000 shares (aggregating up to ₹1.89 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 27,38,000 shares |
| Share Holding Post Issue | 45,58,000 shares |
Adishakti Loha and Ispat IPO offers total 18,20,000 shares. Out of which 8,60,000 (47.25%) allocated to NII, 8,60,000 (47.25%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,00,000 (5.49%) |
| NII (HNI) Shares Offered | 8,60,000 (47.25%) |
| Retail Shares Offered | 8,60,000 (47.25%) |
| Total Shares Offered | 18,20,000 (100.00%) |
Adishakti Loha IPO opens on September 30, 2021, and closes on October 5, 2021.
| IPO Open Date | Thu, Sep 30, 2021 |
| IPO Close Date | Tue, Oct 5, 2021 |
| Tentative Listing Date | Wed, Oct 13, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 5, 2021 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,10,000 |
| Retail (Max) | 1 | 10,000 | ₹1,10,000 |
| HNI (Min) | 2 | 20,000 | ₹2,20,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Adishakti Loha and Ispat Limited is engaged in the business of trading metals with its core focus on trading in Iron and Steel.
The company works on a B2B model where it procures goods on an order basis and does not maintain any inventory as the goods are supplied directly from the supplier to the customers. The company’s top management enjoys the confidence of several corporates and other clients. The company currently markets only to a selected setup of clients.
Competitive strengths
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |||
| Total Assets | 93.57 | 0.46 | 0.21 | ||
| Total Revenue | 109.49 | 0.27 | NA | ||
| Profit After Tax | (0.21) | 0.19 | 0.04 | ||
The Company Adishakti Loha 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 | To meet the incremental working capital requirements | 1.69 |
| 2 | General Corporate Purpose | 0.08 |
[Dilip Davda] The company is in a highly competitive and fragmented segment of trading in Iron and Steel. It has posted poor financial performance. Based on FY21 earnings, the issue is exorbitantly priced. The Lead Manager has a poor track record. Just stay away from this fully structured issue. Read detail review...
| Listing Date | October 13, 2021 |
| BSE Script Code | 543377 |
| NSE Symbol | |
| ISIN | INE0CWK01019 |
| Final Issue Price | ₹11 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹11.00 |
| Open | ₹12.00 |
| Low | ₹11.40 |
| High | ₹12.00 |
| Last Trade | ₹11.40 |
Adishakti Loha & Ispat Ltd.
Plot 3, Shop 325,
DDA Community Centre, Aggarwal Plaza,
Rohini,
New Delhi, New Delhi, 110085
Phone: +91-11-27860681
Email: info@adishaktiloha.com
Website: http://adishaktiloha.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Adishakti Loha IPO is a SME IPO of 18,20,000 equity shares of the face value of ₹10 aggregating up to ₹2.00 Crores. The issue is priced at ₹11 per share. The minimum order quantity is 10000.
The IPO opens on September 30, 2021, and closes on October 5, 2021.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Adishakti Loha IPO using UPI as a payment gateway. Zerodha customers can apply in Adishakti Loha IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Adishakti Loha IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Adishakti Loha IPO opens on September 30, 2021 and closes on October 5, 2021.
Adishakti Loha IPO lot size is 10000, and the minimum amount required for application is ₹1,10,000.
You can apply in Adishakti Loha 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 Adishakti Loha IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Adishakti Loha IPO allotment status.
The Adishakti Loha IPO listing date is on Wednesday, October 13, 2021.
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