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

Shiv Aum IPO Details

IPO Date Sep 19, 2019 to Sep 23, 2019
Listing Date Oct 1, 2019
Face Value ₹10 per share
Price ₹44 per share
Lot Size 3000 Shares
Total Issue Size3,600,000 shares
(aggregating up to ₹15.84 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

Shiv Aum IPO Reservation

Other Shares Offered1,704,000 (50.00%)
Retail Shares Offered1,704,000 (50.00%)
Market Maker portion192,000 shares
Total Shares Offered3,408,000

Shiv Aum IPO Tentative Timetable

Shiv Aum IPO opens on Sep 19, 2019, and closes on Sep 23, 2019.

Event Tentative Date
Opening Date Sep 19, 2019
Closing Date Sep 23, 2019
Basis of Allotment Sep 26, 2019
Initiation of Refunds Sep 27, 2019
Credit of Shares to Demat Sep 30, 2019
Listing Date Oct 1, 2019
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Shiv Aum IPO Lot Size

The Shiv Aum IPO lot size is 3000 shares.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹132,000
Retail (Max) 1 3000 ₹132,000
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Shiv Aum IPO Promoter Holding

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

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

Shiv Aum IPO Subscription Status (Bidding Detail)

The Shiv Aum IPO is subscribed 1.34 times on Sep 23, 2019 5:00:00 PM. The public issue subscribed 0.43 times in the retail category, times in the QIB category, and 2.26 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

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

Shiv Aum IPO Review (May apply)

[Dilip Davda]  Although issue appears reasonably priced, considering the poor track record of the merchant banker and the slowdown faced by the steel sector, cash surplus risk savvy investors may consider investment at their own risk. Read detail review...

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 Prospectus

Shiv Aum IPO Rating

Rating:Rated 4.0 stars
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Shiv Aum IPO Listing Details

Listing Date Oct 1, 2019
BSE Script Code
ISIN INE719F01016
Final Issue Price ₹44 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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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

Phone: 02228511022
Email: Mumbai@skylinerta.com
Website: https://www.skylinerta.com/

Shiv Aum IPO Analysis

Shiv Aum IPO Recommendation Summary

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

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SME IPO Enquiry

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Shiv Aum IPO FAQs

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 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.

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

Shiv Aum IPO lot size is 3000 Shares and the minimum order quantity is .

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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.

The Shiv Aum IPO listing date is on Oct 1, 2019.
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Shiv Aum IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



4. NkNeeraj |   Link |Sep 30, 2019 5:14:50 PM
Which bank is best of apply through ASBA?
3. Carn Mohan |   Link |Sep 19, 2019 9:46:41 PM
IPO Mentor IPO Mentor (1000+ Posts, 400+ Likes)
I think Rs 10 is right price.
2. rvr |   Link |Sep 17, 2019 4:26:25 PM
Any one remember sarveshwara food IPO...holding...some people holding 5 to 7 lots...now at 27...made investor beggar
1. Carn Mohan |   Link |Sep 16, 2019 12:32:41 PM
IPO Mentor IPO Mentor (1000+ Posts, 400+ Likes)
Only apply if IPO price Rs 10/
Steel sector very very poor.
1.1. Small Investor |   Link |Sep 16, 2019 3:51:45 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
10 ki face value ka stock 10 m kon dega aapko in ipo
after ipo will got bellow 10
jha aryamen h wha sab possible ho jata h