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Ahlada Engineers Ltd IPO (Ahlada Engineers IPO) Detail

Sep 11, 2018 - Sep 18, 2018

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 TÜV SÜD 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.

Company Financials

Summary of financial Information (Restated Standalong)
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

Objects of the Issue

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.

Ahlada Engineers IPO Details

Ahlada Engineers IPO Date Sep 11, 2018 to Sep 18, 2018
Ahlada Engineers IPO Face Value ₹10 per share
Ahlada Engineers IPO Price ₹147 to ₹150 per share
Ahlada Engineers IPO Lot Size 1000 Shares
Issue Size3,405,000 shares of ₹10
(aggregating up to ₹51.08 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Company Promoters

Mr Chedepudi Suresh Mohan Reddy is the Promoter and Managing Director of the Company. He currently holds 68.38% of the Company's Pre-Issue equity share capital.

Ahlada Engineers IPO Timeline (Tentative Timetable)

Ahlada Engineers IPO opens on Sep 11, 2018, and closes on Sep 18, 2018. The Ahlada Engineers IPO bid date is from Sep 11, 2018 10.00 A.M. to Sep 18, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Ahlada Engineers IPO Opening Date Sep 11, 2018
Ahlada Engineers IPO Closing Date Sep 18, 2018
Basis of Allotment Sep 24, 2018
Initiation of Refunds Sep 25, 2018
Credit of Shares to Demat Sep 25, 2018
Ahlada Engineers IPO Listing Date Sep 27, 2018

Ahlada Engineers IPO Lot Size

The Ahlada Engineers IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹150,000).

Application Lots Shares Amount
Retail (Min) 1 1000 ₹150,000
Retail (Max) 1 1000 ₹150,000

Ahlada Engineers IPO Review

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...


Ahlada Engineers IPO Subscription Status (Bidding Detail)

The Ahlada Engineers IPO is subscribed 2.35 times on Sep 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)

CategorySubscription (times)
QIB1.44
NII2.64
Retail3.19
Total2.35

Ahlada Engineers IPO Prospectus

Ahlada Engineers IPO Rating

138
3.8
Rating:Rated 3.8 stars
Vote Here ...

Ahlada Engineers IPO Listing Date

Listing Date Saturday, October 27, 2018
BSE Script Code
NSE Symbol AHLADA
Listing In
ISIN INE00PV01013
IPO Price ₹150 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹150.00
Open: ₹141.00
Low: ₹134.40
High: ₹134.40
Last Trade: ₹136.00

Company Contact Information

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/

Ahlada Engineers IPO Registrar

Bigshare Services Pvt Ltd

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

Ahlada Engineers IPO Review

Ahlada Engineers IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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IPO Broker Recommendations

Ahlada Engineers IPO FAQs

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 Sep 11, 2018, and closes on Sep 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 Sep 11, 2018 and closes on Sep 18, 2018.

Ahlada Engineers IPO lot size is 1000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Ahlada Engineers IPO will be done on Sep 24, 2018, and the allotted shares will be credited to your demat account by Sep 25, 2018. Check the Ahlada Engineers IPO allotment status.

The Ahlada Engineers IPO listing date is on Saturday, October 27, 2018.
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Ahlada Engineers IPO Message Board

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108 Comments

68. SME BADSHAH |   Link |Sep 27, 2018 7:14:29 PM
Rachbhare, I think so that you have not seen in today Bulk deal that Saffron the Market maker himself has bought 80,000 shares @ Rs.143.19. If they would not have confidence on the company they wouldn't have bought these shares. Secondly Pre- Ipo Shares are always locked in for 1 Years so private placement investors cannot sell untill a period of 1 year.
67. IpoNewbie |   Link |Sep 27, 2018 10:17:18 AM
look at inflame issue price 54 very poor listing went for less than 30
now trading @ 100
only one way to earn in sme stick to quality
66. SME BADSHAH |   Link |Sep 27, 2018 10:15:12 AM
Disappointing listing indeed but my advise is to hold it definitely as it might surely go above the issue price in the next upcoming days.
65. RAJAKUMAR |   Link |Sep 27, 2018 10:03:02 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Now near issue price.
64. RAJAKUMAR |   Link |Sep 27, 2018 9:47:21 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
One more listing loss. It discovered at 141.
64.1. Iposuggestion |   Link |Sep 27, 2018 9:48:55 AM
What to do now? Hold or sell?
64.2. RAJAKUMAR |   Link |Sep 27, 2018 9:56:00 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Sir,
Fundamentally good company. Now fundamental not work in present market condition. If discover price breaks it will fall down otherwise it will move to near issue price.
I can not suggest what to do.
63. Iposuggestion |   Link |Sep 27, 2018 9:45:24 AM
141.. very poor listing.
63.2. Iposuggestion |   Link |Sep 27, 2018 9:50:11 AM
Ha
63.3. IpoNewbie |   Link |Sep 27, 2018 9:55:28 AM
hahaha people are wise even if listing is poor people are holding it for long term
just wait n watch it will at 25% high in next week.
62. Hiteshji |   Link |Sep 27, 2018 8:36:54 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Listing today
61. Iposuggestion |   Link |Sep 26, 2018 11:00:54 AM
Any gmp?
60. Devendrap |   Link |Sep 25, 2018 10:45:23 AM
Anyone's suggest for listing gain
60.1. Manish Dattani |   Link |Sep 25, 2018 11:06:35 AM
There will be 1 or 2 RS gain
60.2. IpoNewbie |   Link |Sep 26, 2018 6:44:02 AM
Hold it for 2 months and watch your money grow.
Dont sell for the listing gain.
59. Hiteshji |   Link |Sep 25, 2018 8:14:20 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Thursday
58. mittaldatt |   Link |Sep 25, 2018 5:36:03 PM
Listing date pl
57. Hiteshji |   Link |Sep 25, 2018 11:06:25 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
DOUBT FOR LISTING GAIN
AS MARKET IS UNCERTAIN.
56. Devendrap |   Link |Sep 25, 2018 10:44:51 AM
Allotment out 1/2
55. Devendrap |   Link |Sep 20, 2018 5:40:06 PM
I applied 2 los under HNI category. Please advice allotment chances.
54. Devendrap |   Link |Sep 20, 2018 5:38:07 PM
I applied 2 lots under HNI category. Please advice allotment chance.
53. MAMU |   Link |Sep 18, 2018 8:44:36 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Issue closed...
Retail allocation will be on proportionate ratio as HNI figures are lower than retail category.
So after rejection of few application one can expect allotment ratio will be 1.75 to 2 applocation per one lot.
52. Singh Waheguru |   Link |Sep 18, 2018 5:13:24 PM
thx chittorgarh for unblocking my account,......
51. DownriteVJ |   Link |Sep 18, 2018 3:50:04 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Me too skipping this one
50. gala |   Link |Sep 18, 2018 3:27:20 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Skipped !! Though I feel it won't loose grnd like Lagnam bt a huge issue will require great support for considerable gain which is unlikely !! Nothing much to lose Soo skipped !!
50.1. gala |   Link |Sep 18, 2018 3:36:07 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
I post my personal review I don't create my opinion by others opinion already posted see 43 no. comment
50.2. medge |   Link |Sep 18, 2018 3:41:29 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
Thanks
49. RAJAKUMAR |   Link |Sep 18, 2018 3:40:05 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
I skipped
49.1. medge |   Link |Sep 18, 2018 3:41:18 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
Thank You.