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Ahlada Engineers IPO is a book build issue of ₹51.08 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹51.08 crore.
Ahlada Engineers IPO bidding started from Sep 11, 2018 and ended on Sep 18, 2018. The allotment for Ahlada Engineers IPO was finalized on Sep 24, 2018. The shares got listed on NSE SME on Oct 27, 2018.
Ahlada Engineers IPO price band is set at ₹150.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,47,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹3,00,000.
Saffron Capital 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 Saffron Equity Advisors Pvt.Ltd..
Refer to Ahlada Engineers IPO RHP for detailed Information.
| IPO Date | September 11, 2018 to September 18, 2018 |
| Listing Date | October 27, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹147 to ₹150 per share |
| Issue Price Final | ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,05,000 shares (aggregating up to ₹51.08 Cr) |
| Reserved for Market Maker | 1,71,000 shares Saffron Equity Advisors Pvt.Ltd. (aggregating up to ₹2.57 Cr) |
| Net Offered to Public | 32,34,000 shares (aggregating up to ₹48.51 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 95,16,000 shares |
| Share Holding Post Issue | 1,29,21,000 shares |
Ahlada Engineers IPO offers total 34,05,000 shares. Out of which 12,94,000 (38.00%) allocated to QIB, 8,08,000 (23.73%) allocated to NII, 11,32,000 (33.25%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,71,000 (5.02%) |
| QIB Shares Offered | 12,94,000 (38.00%) |
| NII (HNI) Shares Offered | 8,08,000 (23.73%) |
| Retail Shares Offered | 11,32,000 (33.25%) |
| Total Shares Offered | 34,05,000 (100.00%) |
Ahlada Engineers IPO opens on September 11, 2018, and closes on September 18, 2018.
| IPO Open Date | Tue, Sep 11, 2018 |
| IPO Close Date | Tue, Sep 18, 2018 |
| Tentative Allotment | Mon, Sep 24, 2018 |
| Initiation of Refunds | Tue, Sep 25, 2018 |
| Credit of Shares to Demat | Tue, Sep 25, 2018 |
| Tentative Listing Date | Sat, Oct 27, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 18, 2018 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,50,000 |
| Retail (Max) | 1 | 1,000 | ₹1,50,000 |
| HNI (Min) | 2 | 2,000 | ₹3,00,000 |
Incorporated in 2005, Ahlada Engineers Ltd is Hyderabad based manufacturer of steel doors, windows, and clean room equipment. The company's customer base includes the pharmaceutical, biotechnology, food, healthcare, entertainment and real estate industries.
Ahlada Engineers has inked an agreement with Tata Steel to manufacture and supply steel doors (which is sold by Tata Steel Ltd under their brand name "PRAVESH"). The company manufactures and supplies steel doors and windows to other industrial customers as well.
Ahlada Engineers has 3 manufacturing facilities, an assembly unit and a stockyard located on the outskirts of Hyderabad city. The company has in-house research, design and quality teams.
Competitive Strengths
1. ISO 9001:2015 (Quality Management system), ISO 14001:2015 (Environmental Management system) and OHSAS 18001:2007 (Occupational Health and Safety Management system) certifications from TÜV SÜD Management Service GmbH.
2. Tata Steel Limited has ensured an assured offtake of its products i.e. steel doors.
3. Receive quality & process improvements from Tata Steel as per agreement with them. This helps the company to improve processes and quality of the products.
4. The company maintains an integrated manufacturing facility with independent storage facility spread across an area of 34,211 square yards.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 14,562.47 | 9,785.69 | 8,386.93 | 6,912.18 | 6,084.47 | |
| Total Revenue | 12,789.38 | 11,855.26 | 11,147.19 | 9,630.66 | 7,913.50 | |
| Profit After Tax | 809.01 | 327.29 | 305.98 | 258.61 | 264.85 | |
The Objects of the Issue are as below:
1. Repayment of certain identified loans availed from lenders and directors
2. Purchase of Machinery/Equipment
3. Funding of Working Capital Gap
4. General Corporate Purposes.
[Dilip Davda] Growth in financial performance for past three years and shift of business from clean room (low margin) to steel doors and windows (high margin) in tie up with Tata Steel augurs well. Although issue appears fully priced, it will have first mover advantage in steel doors/windows segment and will attract fancy going forward. Investors may consider investment for short to long term. Read detail review...
| Listing Date | October 27, 2018 |
| BSE Script Code | |
| NSE Symbol | AHLADA |
| ISIN | INE00PV01013 |
| Final Issue Price | ₹150 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹150.00 |
| Open | ₹141.00 |
| Low | ₹134.40 |
| High | ₹134.40 |
| Last Trade | ₹136.00 |
Ahlada Engineers Ltd.
Door No 4-56, Survey No. 62/1/A & 67,
Tech Mahindra Road, Bahadurpally
Qutbullapur Mand, Rangareddi
Hyderabad, Telangana, 500043
Phone: +91 98 6650 0811
Email: kodanda.cs@ahlada.com
Website: http://ahlada.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Ahlada Engineers IPO is a SME IPO of 34,05,000 equity shares of the face value of ₹10 aggregating up to ₹51.08 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000.
The IPO opens on September 11, 2018, and closes on September 18, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ahlada Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Ahlada Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ahlada Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ahlada Engineers IPO opens on September 11, 2018 and closes on September 18, 2018.
Ahlada Engineers IPO lot size is 1000, and the minimum amount required for application is ₹1,50,000.
You can apply in Ahlada Engineers 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 Ahlada Engineers IPO will be done on Monday, September 24, 2018, and the allotted shares will be credited to your demat account by Tuesday, September 25, 2018. Check the Ahlada Engineers IPO allotment status.
The Ahlada Engineers IPO listing date is on Saturday, October 27, 2018.
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