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.
Sanjay Bansal, Ajay Bansal, Jatin Mehta, and Jatin Mehta HUF are the promoters of the company.
| 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 | |
The objects of the Net Issue is to raise funds for:
(a) Repayment of Loans
(b) General Corporate Purpose
| Issue Open | Sep 19, 2019 - Sep 23, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 3,600,000 Eq Shares of ₹10 (aggregating up to ₹15.84 Cr) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹44 Per Equity Share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Bid/Offer Opens On | Sep 19, 2019 |
| Bid/Offer Closes On | Sep 23, 2019 |
| Finalisation of Basis of Allotment | Sep 26, 2019 |
| Initiation of Refunds | Sep 27, 2019 |
| Credit of Shares to Demat Acct | Sep 30, 2019 |
| IPO Shares Listing Date | Oct 1, 2019 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹132,000 |
| Maximum | 1 | 3000 | ₹132,000 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.53% |
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 |
| Listing Date | Tuesday, October 1, 2019 |
| BSE Script Code | |
| NSE Symbol | SHIVAUM |
| Listing In | ST |
| ISIN | INE719F01016 |
| Issue Price | ₹44 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
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 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.
The Shiv Aum IPO opens on Sep 19, 2019 and closes on Sep 23, 2019.
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.
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.
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