Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Thu, Sep 30, 2021 - Tue, Oct 5, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 30, 2021
IPO Close
Tue, Oct 5, 2021
Issue Price
₹11 per share
Market Cap (Pre-IPO)
₹5.01 Cr
| IPO Date | 30 Sep to 5 Oct, 2021 |
| Listed on | Wed, Oct 13, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹11 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,20,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 1,00,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.1100 Cr) |
| Fresh Issue (Ex Market Maker) | 17,20,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 17,20,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 27,38,000 shares |
| Share Holding Post Issue | 45,58,000 shares |
| BSE Script Code | 543377 |
| ISIN | INE0CWK01019 |
Adishakti Loha IPO comprises a total issue size of 18,20,000 shares. The net offer to the public is 17,20,000 shares, after excluding 1,00,000 shares allotted on a firm basis. Of the Net offer 8,60,000 (50.00%) allocated to NII 8,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,60,000 | 50.00% | 47.25% |
| Retail Shares Offered | 8,60,000 | 50.00% | 47.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,00,000 | 5.49% | |
| Total Shares Offered | 18,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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
| 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 | To meet the incremental working capital requirements | 1.69 |
| 2 | General Corporate Purpose | 0.08 |
The Adishakti Loha and Ispat IPO is subscribed 1.84 times on October 5, 2021 6:52:00 AM (Day 5). The public issue subscribed 2.87 times in the retail category, [.] times in the QIB category, and 0.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.81 | 8,60,000 | 7,00,000 |
| Retail | 2.87 | 8,60,000 | 24,70,000 |
| Total | 1.84 | 17,20,000 | 31,70,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.15 |
| 2 | Brokerage and selling commission | 0.00 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.03 |
| 7 | Printing and distribution of issue stationary | 0.02 |
| 8 | Restatement of Accounts and Peer Review Auditor | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹11.00 |
| Open | ₹12.00 |
| Low | ₹11.40 |
| High | ₹12.00 |
| Last Trade | ₹11.40 |
Lead Manager Reports
Adishakti Loha IPO is a SME IPO of 18,20,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹11 per share. The minimum order quantity is 10000.
The IPO opens on Thu, Sep 30, 2021, and closes on Tue, Oct 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 Thu, Sep 30, 2021 and closes on Tue, Oct 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 Wed, Oct 13, 2021.
