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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

Issue OpenSep 19, 2019 - Sep 23, 2019
Issue TypeFixed Price Issue IPO
Issue Size3,600,000 Eq Shares of ₹10
(aggregating up to ₹15.84 Cr)
Face Value₹10 Per Equity Share
Issue Price₹44 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME

Shiv Aum IPO Tentative Date / Timetable

Bid/Offer Opens OnSep 19, 2019
Bid/Offer Closes OnSep 23, 2019
Finalisation of Basis of AllotmentSep 26, 2019
Initiation of RefundsSep 27, 2019
Credit of Shares to Demat AcctSep 30, 2019
IPO Shares Listing DateOct 1, 2019

Shiv Aum IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹132,000
Maximum13000₹132,000

Shiv Aum IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.53%

Shiv Aum IPO Subscription Status (Bidding Detail)

Shiv Aum IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,704,000

1,704,000

3,408,000

Sep 23, 2019 17:00

2.26x

0.43x

1.34x

Shiv Aum IPO Prospectus

Shiv Aum IPO Rating

24
4.0
Rating:Rated 4.0 stars

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Shiv Aum IPO Listing Date

Listing DateTuesday, October 1, 2019
BSE Script Code
NSE SymbolSHIVAUM
Listing InST
ISININE719F01016
Issue Price₹44 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

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

Shiv Aum IPO Reviews / Ratings

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 FAQs

  1. 1. What is Shiv Aum IPO?

    Shiv Aum IPO is an SME initial public offering of 3,600,000 equity shares of the face value of ₹10 aggregating up to ₹15.84 Crores.

    The issue price of the IPO is ₹44 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Shiv Aum IPO will open?

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

  3. 3. How to apply for Shiv Aum IPO?

    Shiv Aum IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. 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.

  5. 5. When is Shiv Aum IPO listing date?

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

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Shiv Aum IPO Review / Comments

NkNeeraj
4. NkNeeraj  Sep 30, 2019 17:14 I Like It. | Report Abuse Reply
Which bank is best of apply through ASBA?
YES BANK
SBI BANK
KOTAK BANK
OR
IDBI BANK
Carn Mohan
3. Carn Mohan  Sep 19, 2019 21:46 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
I think ₹10 is right price.
rvr
2. rvr  Sep 17, 2019 16:26 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
Any one remember sarveshwara food IPO...holding...some people holding 5 to 7 lots...now at 27...made investor beggar
Carn Mohan
1. Carn Mohan  Sep 16, 2019 12:32 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Only apply if IPO price ₹ 10/
Steel sector very very poor.
Small Investor
5.1. Small Investor  Sep 16, 2019 15:51 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 300+ 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



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