Bookbuilding IPO | ₹51 Cr | Listed at NSE SME | Tue, Sep 11, 2018 - Tue, Sep 18, 2018
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 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,50,000 (1000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Sep 11, 2018
IPO Close
Tue, Sep 18, 2018
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹193.82 Cr
| IPO Date | 11 to 18 Sep, 2018 |
| Listed on | Sat, Oct 27, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹147 to ₹150 |
| Issue Price | ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 34,05,000 shares (agg. up to ₹51 Cr) |
| Reserved for Market Maker | 1,71,000 shares Saffron Equity Advisors Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 32,34,000 shares (agg. up to ₹49 Cr) |
| Net Offered to Public | 32,34,000 shares (agg. up to ₹49 Cr) |
| Share Holding Pre Issue | 95,16,000 shares |
| Share Holding Post Issue | 1,29,21,000 shares |
| NSE Symbol | AHLADA |
| ISIN | INE00PV01013 |
Ahlada Engineers IPO comprises a total issue size of 34,05,000 shares. The net offer to the public is 32,34,000 shares, after excluding 1,71,000 shares allotted on a firm basis. Of the Net offer 12,94,000 (40.01%) are allocated to QIB, 8,08,000 (24.98%) allocated to NII 11,32,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 12,94,000 | 40.01% | 38.00% |
| NII (HNI) Shares Offered | 8,08,000 | 24.98% | 23.73% |
| Retail Shares Offered | 11,32,000 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,71,000 | 5.02% | |
| Total Shares Offered | 34,05,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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.
| 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 | Repayment of certain loans availed from lenders, Directors including our Promoter | 6.50 |
| 2 | Purchase of Machinery/Equipment | 17.40 |
| 3 | Funding of Working Capital Gap | 17.00 |
| 4 | General Corporate Purposes | 5.20 |
The Ahlada Engineers IPO is subscribed 2.35 times on September 18, 2018 6:00:01 PM (Day 5). The public issue subscribed 3.19 times in the retail category, 1.44 times in the QIB category, and 2.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.44 | 12,94,000 | 18,62,000 |
| NII* | 2.64 | 8,08,000 | 21,35,000 |
| Retail | 3.19 | 11,32,000 | 36,12,000 |
| Total | 2.35 | 32,34,000 | 76,09,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees, Legal Advisors fees, printing and distribution expenses and payment to other intermediaries such as Registrars, Market Maker, etc | 0.60 |
| 2 | Regulatory fees, including RoC filing fees, other expenses including exchange processing fees, book building software fees, audit fees, depository charges, listing fees etc | 0.25 |
| 3 | Marketing and other miscellaneous expenses, including underwriting, syndicate, brokerage and selling commission | 4.13 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹150.00 |
| Open | ₹141.00 |
| Low | ₹134.40 |
| High | ₹134.40 |
| Last Trade | ₹136.00 |
Lead Manager Reports
Ahlada Engineers IPO is a SME IPO of 34,05,000 equity shares of the face value of ₹10 aggregating up to ₹51 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Sep 11, 2018, and closes on Tue, Sep 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 Tue, Sep 11, 2018 and closes on Tue, Sep 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 Tue, Sep 25, 2018. Check the Ahlada Engineers IPO allotment status.
The Ahlada Engineers IPO listing date is on Sat, Oct 27, 2018.
