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Shiv Aum Steels IPO is a fixed price issue of ₹15.84 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹15.84 crore.
Shiv Aum Steels IPO bidding started from Sep 19, 2019 and ended on Sep 23, 2019. The allotment for Shiv Aum Steels IPO was finalized on Sep 26, 2019. The shares got listed on NSE SME on Oct 1, 2019.
Shiv Aum Steels IPO price is ₹44.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,64,000.
Aryaman Financial Services Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Shiv Aum Steels IPO RHP for detailed Information.
| IPO Date | September 19, 2019 to September 23, 2019 |
| Listing Date | October 1, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹44 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,00,000 shares (aggregating up to ₹15.84 Cr) |
| Reserved for Market Maker | 1,92,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.8448 Cr) |
| Net Offered to Public | 34,08,000 shares (aggregating up to ₹15.00 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,00,00,400 shares |
| Share Holding Post Issue | 1,36,00,400 shares |
Shiv Aum 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%) |
Shiv Aum Steels IPO opens on September 19, 2019, and closes on September 23, 2019.
| IPO Open Date | Thu, Sep 19, 2019 |
| IPO Close Date | Mon, Sep 23, 2019 |
| Tentative Allotment | Thu, Sep 26, 2019 |
| Initiation of Refunds | Fri, Sep 27, 2019 |
| Credit of Shares to Demat | Mon, Sep 30, 2019 |
| Tentative Listing Date | Tue, Oct 1, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 23, 2019 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,32,000 |
| Retail (Max) | 1 | 3,000 | ₹1,32,000 |
| HNI (Min) | 2 | 6,000 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2002, Shiv Aum Steels Limited (SASL) is a trader, distributor, and stockist of mild steel (contains approximately 0.05-0.25% carbon) products. It is an authorized distributor of products from Jindal Steel & Power Limited (JSPL). SASL has entered into MoU with Rashtriya Ispat Nigam Limited (RINL) & Steel Authority of India (SAIL) to procure steel products. Besides this, the company procures the products of Vandana Ispat Limited, Monnet Ispat & Energy Limited and other manufacturers as well.
Shiv Aum Steels deals with various steel products like Plates, T - Angles, C Channels, I - Beams, Coils, H - Beams, TMT Bars, Columns and Rails in all sizes based on customer's requirements.
The company follows the indirect sales model where it plays a connecting role between steel manufacturers and end-users. Currently, SASL is focussing on domestic markets only and supplies the products to small steel processing units, infrastructure & real estate developers and large EPC companies.
The godown of the company is situated in Panvel, Raigad district, Maharashtra. The estimated capacity of godowns is 10,000 - 12,000 tons for flat steel products and 7,000 - 8,000 tons for long steel products.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
|---|---|---|---|---|
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 13,061.98 | 10,925.87 | 8,013.79 | |
| Total Revenue | 37,729.03 | 27,788.74 | 24,900.39 | |
| Profit After Tax | 572.43 | 545.54 | 293.15 | |
The Company Shiv Aum Steels 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 | Repayment of Loans | 15.10 |
| 2 | General Corporate Purpose | 0.24 |
[Dilip Davda] Although issue appears reasonably priced, considering the poor track record of the merchant banker and the slowdown faced by the steel sector, cash surplus risk savvy investors may consider investment at their own risk. Read detail review...
| Listing Date | October 1, 2019 |
| BSE Script Code | |
| NSE Symbol | SHIVAUM |
| ISIN | INE719F01016 |
| Final Issue Price | ₹44 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹44.00 |
| Open | ₹44.25 |
| Low | ₹44.10 |
| High | ₹44.60 |
| Last Trade | ₹44.15 |
Shiv Aum Steels Ltd.
515, The Summit Business Bay
Opp. Cinemax Western Express Way
A.K. Road Andheri (East)
Mumbai, Maharashtra, 400093
Phone: +91 22 23727249 / 2371716
Email: info@shivaumsteels.com
Website: http://www.shivaumsteels.com
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: Mumbai@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Shiv Aum Steels IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹15.84 Crores. The issue is priced at ₹44 per share. The minimum order quantity is 3000.
The IPO opens on September 19, 2019, and closes on September 23, 2019.
Skyline Financial 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 Shiv Aum Steels IPO using UPI as a payment gateway. Zerodha customers can apply in Shiv Aum Steels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shiv Aum Steels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shiv Aum Steels IPO opens on September 19, 2019 and closes on September 23, 2019.
Shiv Aum Steels IPO lot size is 3000, and the minimum amount required for application is ₹1,32,000.
You can apply in Shiv Aum Steels 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 Shiv Aum Steels IPO will be done on Thursday, September 26, 2019, and the allotted shares will be credited to your demat account by Monday, September 30, 2019. Check the Shiv Aum Steels IPO allotment status.
The Shiv Aum Steels IPO listing date is on Tuesday, October 1, 2019.
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