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Adishakti Loha and Ispat IPO is a fixed price issue of Rs 2.00 crores.
Adishakti Loha and Ispat IPO bidding started from September 30, 2021 and ended on October 5, 2021. The shares got listed on BSE SME on October 13, 2021.
Adishakti Loha and Ispat IPO price is ₹11 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹110,000.
Turnaround Corporate Advisors Private Limited is the book running lead manager of the Adishakti Loha and Ispat IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Adishakti Loha and Ispat IPO RHP for detailed information.
| IPO Date | September 30, 2021 to October 5, 2021 |
| Listing Date | October 13, 2021 |
| Face Value | ₹10 per share |
| Price | ₹11 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 1,820,000 shares (aggregating up to ₹2.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 100,000 shares |
Adishakti Loha and Ispat IPO offers 1,820,000 shares. 860,000 (47.25%) to NII, 860,000 (47.25%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 100,000 (5.49%) |
| Other Shares Offered | 860,000 (47.25%) |
| Retail Shares Offered | 860,000 (47.25%) |
| Total Shares Offered | 1,820,000 (100%) |
Investors can bid for a minimum of 10000 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 | 10000 | ₹110,000 |
| Retail (Max) | 1 | 10000 | ₹110,000 |
| Lot Size Calculator | |||
Mr. Pawan Kumar Mittal is the company promoter.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 60.07% |
Adishakti Loha and Ispat Limited is engaged in the business of trading metals with its core focus on trading in Iron and Steel.
The company works on a B2B model where it procures goods on an order basis and does not maintain any inventory as the goods are supplied directly from the supplier to the customers. The company’s top management enjoys the confidence of several corporates and other clients. The company currently markets only to a selected setup of clients.
Competitive strengths
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |||
| Total Assets | 93.57 | 0.46 | 0.21 | ||
| Total Revenue | 109.49 | 0.27 | NA | ||
| Profit After Tax | (0.21) | 0.19 | 0.04 | ||
The net proceed from the IPO will be utilized towards the following purposes;
[Dilip Davda] The company is in a highly competitive and fragmented segment of trading in Iron and Steel. It has posted poor financial performance. Based on FY21 earnings, the issue is exorbitantly priced. The Lead Manager has a poor track record. Just stay away from this fully structured issue. Read detail review...
The Adishakti Loha and Ispat IPO is subscribed 1.84 times on October 5, 2021 6:52:00 AM. The public issue subscribed 2.87 times in the retail category, times in the QIB category, and 0.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.81 |
| Retail | 2.87 |
| Total | 1.84 |
| Listing Date | October 13, 2021 |
| BSE Script Code | 543377 |
| NSE Symbol | |
| ISIN | INE0CWK01019 |
| Final Issue Price | ₹11 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹11.00 |
| ₹12.00 |
| ₹11.40 |
| ₹12.00 |
| ₹11.40 |
Adishakti Loha and Ispat Limited
Plot 3, Shop 325,
DDA Community Centre, Aggarwal Plaza,
Rohini, New Delhi 110085
Phone: +91-11-27860681
Email: info@adishaktiloha.com
Website: http://adishaktiloha.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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Adishakti Loha and Ispat IPO is a SME IPO of 1,820,000 equity shares of the face value of ₹10 aggregating up to ₹2.00 Crores. The issue is priced at ₹11 per share. The minimum order quantity is 10000 Shares.
The IPO opens on September 30, 2021, and closes on October 5, 2021.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Adishakti Loha and Ispat IPO using UPI as a payment gateway. Zerodha customers can apply in Adishakti Loha and Ispat IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Adishakti Loha and Ispat IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Adishakti Loha and Ispat IPO opens on September 30, 2021 and closes on October 5, 2021.
Adishakti Loha and Ispat IPO lot size is 10000 Shares, and the minimum amount required is ₹110,000.
You can apply in Adishakti Loha and Ispat 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 Adishakti Loha and Ispat IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Adishakti Loha and Ispat IPO allotment status.
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Surprised to see from this company
compared to flat listing in CWD