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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 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

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

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

Shiv Aum IPO Timeline (Tentative Timetable)

Shiv Aum IPO opens on Sep 19, 2019, and closes on Sep 23, 2019. The Shiv Aum IPO bid date is from Sep 19, 2019 10.00 A.M. to Sep 23, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Shiv Aum IPO Opening Date Sep 19, 2019
Shiv Aum IPO 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
Shiv Aum IPO Listing Date Oct 1, 2019

Shiv Aum IPO Lot Size

The Shiv Aum IPO 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
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 Review

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...

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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)
NII2.26
Retail0.43
Total1.34

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹44.00
Open: ₹44.25
Low: ₹44.10
High: ₹44.60
Last Trade: ₹44.15

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 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, Edelweiss, 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 Tuesday, October 1, 2019.
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Shiv Aum IPO Message Board

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5 Comments

4. NkNeeraj |   Link |Sep 30, 2019 5:14:50 PM
Which bank is best of apply through ASBA?
YES BANK
SBI BANK
KOTAK BANK
OR
IDBI BANK
3. Carn Mohan |   Link |Sep 19, 2019 9:46:41 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ 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 (800+ Posts, 300+ 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