Shiv Aum Steels Ltd IPO (Shiv Aum IPO) Detail

Sep 19, 2019 - Sep 23, 2019

Incorporated in 2002, Shiv Aum Steels Limited (SASL) is a trader, distributor, and stockist of mild steel (contains approximately 0.05-0.25% carbon) products. It is an authorized distributor of products from Jindal Steel & Power Limited (JSPL). SASL has entered into MoU with Rashtriya Ispat Nigam Limited (RINL) & Steel Authority of India (SAIL) to procure steel products. Besides this, the company procures the products of Vandana Ispat Limited, Monnet Ispat & Energy Limited and other manufacturers as well.

Shiv Aum Steels deals with various steel products like Plates, T - Angles, C Channels, I - Beams, Coils, H - Beams, TMT Bars, Columns and Rails in all sizes based on customer's requirements.

The company follows the indirect sales model where it plays a connecting role between steel manufacturers and end-users. Currently, SASL is focussing on domestic markets only and supplies the products to small steel processing units, infrastructure & real estate developers and large EPC companies.

The godown of the company is situated in Panvel, Raigad district, Maharashtra. The estimated capacity of godowns is 10,000 - 12,000 tons for flat steel products and 7,000 - 8,000 tons for long steel products.

Competitive Strengths

Wide product range
Scalable business model
Strategic locations
Suppliers tie-ups
Strong customer base

Company Promoters:

Sanjay Bansal, Ajay Bansal, Jatin Mehta, and Jatin Mehta HUF are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	13,061.98	10,925.87	8,013.79
Total Revenue	37,729.03	27,788.74	24,900.39
Profit After Tax	572.43	545.54	293.15

Objects of the Issue:

The objects of the Net Issue is to raise funds for:
(a) Repayment of Loans
(b) General Corporate Purpose

Shiv Aum IPO Details

IPO Opening Date	Sep 19, 2019
IPO Closing Date	Sep 23, 2019
Issue Type	Fixed Price Issue IPO
Face Value	₹10 per equity share
IPO Price	₹44 per equity share
Market Lot	3000 Shares
Min Order Quantity	3000 Shares
Listing At	NSE SME
Issue Size	3,600,000 Eq Shares of ₹10 (aggregating up to ₹15.84 Cr)

Shiv Aum IPO Tentative Timetable

The Shiv Aum IPO open date is Sep 19, 2019, and the close date is Sep 23, 2019. The issue may list on Oct 1, 2019.

IPO Open Date	Sep 19, 2019
IPO Close Date	Sep 23, 2019
Basis of Allotment Date	Sep 26, 2019
Initiation of Refunds	Sep 27, 2019
Credit of Shares to Demat Account	Sep 30, 2019
IPO Listing Date	Oct 1, 2019

Shiv Aum IPO Lot Size

The Shiv Aum IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹132,000).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	3000	₹132,000
Maximum	1	3000	₹132,000

Shiv Aum IPO Promoter Holding

Pre Issue Share Holding	100%
Post Issue Share Holding	73.53%

Shiv Aum IPO Subscription Status (Bidding Detail)

The Shiv Aum IPO is subscribed 1.34x times on Sep 23, 2019 17:00. The public issue subscribed 0.43x in the retail category, in the QIB category, and 2.26x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	2.26x
RII	0.43x
Total	1.34x

Shiv Aum IPO Prospectus

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Shiv Aum IPO Rating

4.0

Rating:

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Shiv Aum IPO Listing Date

Listing Date	Tuesday, October 1, 2019
BSE Script Code
NSE Symbol	SHIVAUM
Listing In	ST
ISIN	INE719F01016
IPO Price	₹44 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

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IPO Price
Open
Low
High
Last Trade
Volume

	NSE SME
IPO Price:	₹44.00
Open:	₹44.25
Low:	₹44.10
High:	₹44.60
Last Trade:	₹44.15
Volume:	279,000

Shiv Aum IPO Reviews / Ratings

Dilip Davda - Other

Company Contact Information

Shiv Aum Steels Ltd
515, The Summit Business Bay,
Opp. Cinemax Western Express Way,
A.K. Road Andheri (East) Mumbai- 400 093

Phone: +91 22 23727249 / 2371716
Email: info@shivaumsteels.com
Website: http://www.shivaumsteels.com

Shiv Aum IPO Registrar

Skyline Financial Services Private Ltd
   D-153A, 1st Floor,
   Okhla Industrial Area, Phase-I,
   New Delhi -110020

Phone: +91 - 11 - 2681
Email: Mumbai@skylinerta.com
Website: http://www.skylinerta.com

Shiv Aum IPO Lead Manager(s)

Aryaman Financial Services limited

Lead Manager Reports

Shiv Aum IPO FAQs

What is Shiv Aum IPO?

Shiv Aum IPO is a SME IPO of 3,600,000 equity shares of the face value of ₹10 aggregating up to ₹15.84 Crores. The issue is priced at ₹44 per equity share. The minimum order quantity is 3000 Shares.

The IPO opens on Sep 19, 2019, and closes on Sep 23, 2019.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
When Shiv Aum IPO will open?

The Shiv Aum IPO opens on Sep 19, 2019 and closes on Sep 23, 2019.
What is the lot size of Shiv Aum IPO?

Shiv Aum IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
How to apply for Shiv Aum IPO?

You can apply in Shiv Aum 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.
When Shiv Aum IPO allotment?

The finalization of Basis of Allotment for Shiv Aum IPO will be done on Sep 26, 2019, and the allotted shares will be credited to your demat account by Sep 30, 2019. Check the Shiv Aum IPO allotment status.
When is Shiv Aum IPO listing date?

The Shiv Aum IPO listing date is on Tuesday, October 1, 2019.