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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 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

Adishakti Loha and Ispat IPO Date Sep 30, 2021 to Oct 5, 2021
Adishakti Loha and Ispat IPO Face Value ₹10 per share
Adishakti Loha and Ispat IPO Price ₹11 per share
Adishakti Loha and Ispat IPO Lot Size 10000 Shares
Issue Size1,820,000 shares of ₹10
(aggregating up to ₹2.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Mr. Pawan Kumar Mittal is the company promoter.

Adishakti Loha and Ispat IPO Lot Size

The Adishakti Loha and Ispat IPO 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
Retail (Min) 1 10000 ₹110,000
Retail (Max) 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 Review

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...


Adishakti Loha and Ispat IPO Subscription Status (Bidding Detail)

The Adishakti Loha and Ispat IPO is subscribed 1.84 times on Oct 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)

CategorySubscription (times)
NII0.81
Retail2.87
Total1.84

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 share
Face Value ₹10 per 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 Review

Adishakti Loha and Ispat IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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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 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 .

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.
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Adishakti Loha and Ispat IPO Message Board

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6 Comments

4. G J 😃 |   Link |Oct 13, 2021 9:52:51 AM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
+9% listing gain.
Surprised to see from this company
compared to flat listing in CWD
3. G J |   Link |Sep 28, 2021 1:52:32 PM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
A quick question to the promoters can be,

"if you guys don''t maintain any inventory, purely B2B, why you need to raise money for just working as an intermediary."
3.1. Chaheta |   Link |Sep 28, 2021 2:09:25 PM
WOW.. Astound to see such an IPO.

If things continue like this, every shopkeeper can raise funds to the tune of crores of rupee and vanish in thin air..

3.2. MintIndian |   Link |Sep 28, 2021 4:44:30 PM
@ GJ, suitboot, car, life style ke liye ? Want to impress B and B.
2. Amit Das |   Link |Sep 27, 2021 11:33:27 PM
बकवास business. amateurish, not professional business model. कैसे इन लोगों को bse का इजाजत मिलती है, यह सिर्फ भगवान जानें।।
1. Anari Investor |   Link |Sep 27, 2021 7:19:01 PM
Hey Bhagwan ye kya ho raha hai??
27 ko 1
28 ko 1
29 ko 1
30 ko 6 SME IPOs.
🤣🤣🤣🤣