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Adishakti Loha and Ispat Limited IPO (Adishakti Loha and Ispat IPO) Detail

Sep 30, 2021 - Oct 5, 2021

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

  • Company’s promoters have strong network with the trading community of Delhi.
  • Experienced and qualified management team.
  • Repeat business from existing client.

Company Promoters:

Mr. Pawan Kumar Mittal is the company promoter.

Company Financials:

Summary of financial Information (Restated Standalone)
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

Objects of the Issue:

The net proceed from the IPO will be utilized towards the following purposes;

  • To meet the incremental working capital requirements.
  • To meet general corporate purpose.

Adishakti Loha and Ispat IPO Details

IPO Opening Date Sep 30, 2021
IPO Closing Date Oct 5, 2021
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹11 per equity share
Market Lot 10000 Shares
Min Order Quantity 10000 Shares
Listing At BSE SME
Issue Size1,820,000 Eq Shares of ₹10
(aggregating up to ₹2.00 Cr)

Adishakti Loha and Ispat IPO Lot Size

The Adishakti Loha and Ispat IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 1 lots (10000 shares or ₹110,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 10000 ₹110,000
Maximum 1 10000 ₹110,000

Adishakti Loha and Ispat IPO Promoter Holding

Pre Issue Share Holding 100.00%
Post Issue Share Holding 60.07%

Adishakti Loha and Ispat IPO Subscription Status (Bidding Detail)

The Adishakti Loha and Ispat IPO is subscribed 1.84 times on Oct 5, 2021 06:52. The public issue subscribed 2.87 in the retail category, in the QIB category, and 0.81 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII

0.81

RII

2.87

Total

1.84

Adishakti Loha and Ispat IPO Prospectus

Adishakti Loha and Ispat IPO Rating

38
3.0
Rating:Rated 3.0 stars
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Adishakti Loha and Ispat IPO Listing Date

Listing Date Wednesday, October 13, 2021
BSE Script Code 543377
NSE Symbol
Listing In MT Group of Securities
ISIN INE0CWK01019
IPO Price ₹11 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹11.00
₹12.00
₹11.40
₹12.00
₹11.40

Company Contact Information

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/

Adishakti Loha and Ispat IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Adishakti Loha and Ispat IPO Reviews / Ratings

Adishakti Loha and Ispat IPO FAQs

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 equity share. The minimum order quantity is 10000 Shares.

The IPO opens on Sep 30, 2021, and closes on Oct 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Adishakti Loha and Ispat IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Adishakti Loha and Ispat IPO opens on Sep 30, 2021 and closes on Oct 5, 2021.

Adishakti Loha and Ispat IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.

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, Edelweiss, 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.

The Adishakti Loha and Ispat IPO listing date is on Wednesday, October 13, 2021.

Adishakti Loha and Ispat IPO Message Board

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