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Ahlada Engineers IPO is a book built issue of Rs 51.08 crores.
Ahlada Engineers IPO bidding started from September 11, 2018 and ended on September 18, 2018. The allotment for Ahlada Engineers IPO was finalized on Monday, September 24, 2018. The shares got listed on NSE SME on October 27, 2018.
Ahlada Engineers IPO price band is set at ₹147 to ₹150 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
Saffron Capital Advisors Private Limited is the book running lead manager of the Ahlada Engineers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
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 |
| Price Band | ₹147 to ₹150 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 3,405,000 shares (aggregating up to ₹51.08 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 171,000 shares |
Ahlada Engineers IPO offers 3,405,000 shares. 1,294,000 (38.00%) to QIB, 808,000 (23.73%) to NII, 1,132,000 (33.25%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 171,000 (5.02%) |
| QIB Shares Offered | 1,294,000 (38.00%) |
| NII (HNI) Shares Offered | 808,000 (23.73%) |
| Retail Shares Offered | 1,132,000 (33.25%) |
| Total Shares Offered | 3,405,000 (100%) |
Ahlada Engineers IPO opens on September 11, 2018, and closes on September 18, 2018.
| IPO Open Date | Tuesday, September 11, 2018 |
| IPO Close Date | Tuesday, September 18, 2018 |
| Basis of Allotment | Monday, September 24, 2018 |
| Initiation of Refunds | Tuesday, September 25, 2018 |
| Credit of Shares to Demat | Tuesday, September 25, 2018 |
| Listing Date | Saturday, October 27, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2018 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹150,000 |
| Retail (Max) | 1 | 1000 | ₹150,000 |
| Lot Size Calculator | |||
Incorporated in 2005, Ahlada Engineers Ltd is Hyderabad based manufacturer of steel doors, windows, and clean room equipment. 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 T�V S�D 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...
The Ahlada Engineers IPO is subscribed 2.35 times on September 18, 2018 6:00:01 PM. 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) |
|---|---|
| QIB | 1.44 |
| NII | 2.64 |
| Retail | 3.19 |
| Total | 2.35 |
| Listing Date | October 27, 2018 |
| BSE Script Code | |
| NSE Symbol | AHLADA |
| ISIN | INE00PV01013 |
| Final Issue Price | ₹150 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹150.00 |
| ₹141.00 |
| ₹134.40 |
| ₹134.40 |
| ₹136.00 |
Ahlada Engineers Ltd
Door No 4-56, Survey No. 62/1/A & 67,
Tech Mahindra Road, Bahadurpally, Qutbullapur Mand
Hyderabad 500 043, Rangareddi
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
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Ahlada Engineers IPO is a SME IPO of 3,405,000 equity shares of the face value of ₹10 aggregating up to ₹51.08 Crores. The issue is priced at ₹147 to ₹150 per share. The minimum order quantity is 1000 Shares.
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.
The Ahlada Engineers IPO opens on September 11, 2018 and closes on September 18, 2018.
Ahlada Engineers IPO lot size is 1000 Shares, and the minimum amount required is ₹150,000.
You can apply in Ahlada Engineers IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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