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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.
| 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.
| 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 Size | 3,405,000 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 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 |
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 |
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 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)
| Category | Subscription (times) |
|---|---|
| QIB | 1.44 |
| NII | 2.64 |
| Retail | 3.19 |
| Total | 2.35 |
| 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 |
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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: http://www.bigshareonline.com
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.
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