Fixed Price IPO | ₹16 Cr | Listed at NSE SME | Thu, Sep 19, 2019 - Mon, Sep 23, 2019
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 19, 2019
IPO Close
Mon, Sep 23, 2019
Issue Price
₹44 per share
Market Cap (Pre-IPO)
₹59.84 Cr
| IPO Date | 19 to 23 Sep, 2019 |
| Listed on | Tue, Oct 1, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹44 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 36,00,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 1,92,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.8448 Cr) |
| Fresh Issue (Ex Market Maker) | 34,08,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 34,08,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 1,00,00,400 shares |
| Share Holding Post Issue | 1,36,00,400 shares |
| NSE Symbol | SHIVAUM |
| ISIN | INE719F01016 |
Shiv Aum Steels IPO comprises a total issue size of 36,00,000 shares. The net offer to the public is 34,08,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 17,04,000 (50.00%) allocated to NII 17,04,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,04,000 | 50.00% | 47.33% |
| Retail Shares Offered | 17,04,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.33% | |
| Total Shares Offered | 36,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| 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 Loans | 15.10 |
| 2 | General Corporate Purpose | 0.24 |
The Shiv Aum IPO is subscribed 1.34 times on September 23, 2019 5:00:00 PM (Day 3). The public issue subscribed 0.43 times in the retail category, [.] times in the QIB category, and 2.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.26 | 17,04,000 | 38,46,000 |
| Retail | 0.43 | 17,04,000 | 7,29,000 |
| Total | 1.34 | 34,08,000 | 45,75,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.39 |
| 2 | Brokerage and selling commission | 0.02 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹44.00 |
| Open | ₹44.25 |
| Low | ₹44.10 |
| High | ₹44.60 |
| Last Trade | ₹44.15 |
Lead Manager Reports
Shiv Aum Steels IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹44 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Sep 19, 2019, and closes on Mon, Sep 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 Thu, Sep 19, 2019 and closes on Mon, Sep 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 Mon, Sep 30, 2019. Check the Shiv Aum Steels IPO allotment status.
The Shiv Aum Steels IPO listing date is on Tue, Oct 1, 2019.
