Shiv Aum Steels was incorporated on March 11, 2002. The company is engaged in the trading of mild steel products such as beams, angles, plates, channels, coils and thermo mechanically treated (TMT) bars and it operates as a trader, stockist and distributor of steel products.
| Bidding Dates |
|---|
| 19 Sep 2019 - 23 Sep 2019 |
| Subscription |
|---|
| 1.34x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 3000 | 3.6 M | ₹44 | 73.53 % | ₹158.4 M | RHP DOC |
Shiv Aum Steels IPO SUBSCRIPTION STATUS
23 Sep '19Shiv Aum Steels IPO overall subscription rate was 1.34 times the total available shares
Shiv Aum Steels IPO retail subscription rate was 0.43 times in the retail segment
Shiv Aum Steels IPO non-institutional investor subscription rate was 2.26 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
23 Sep 2019 (Day 3) | 0.43x | 2.26x | - |
19 Sep 2019 (Day 1) | 0.03x | 1.55x | - |
20 Sep 2019 (Day 2) | 0.11x | 2.01x | - |
Shiv Aum Steels FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY19 | 57.2 | 3,717.3 | -57.1 | -62.2 |
| FY18 | 54.6 | 2,725.4 | -174.0 | -174.8 |
| FY17 | 29.3 | 2,422.7 | -2.8 | -7.7 |
Shiv Aum Steels IPO SUBSCRIPTION STATUS DETAILS
Shiv Aum Steels had 3.6 M shares on offer
Shiv Aum Steels IPO offer price was ₹44
Shiv Aum Steels IPO minimum Investment was ₹132000
Shiv Aum Steels IPO issue size was ₹ 158.4 M
Shiv Aum Steels had a minimum lot size of 3000 Shares per application
Shiv Aum Steels NUMBER OF SHARES ON OFFER
Shiv Aum Steels IPO IMPORTANT DATES
| Issue Open Date | 19 Sep 2019 |
| Issue close Date | 23 Sep 2019 |
| Allotment Date | 26 Sep 2019 |
| Refund Date | 27 Sep 2019 |
| Demat Account Credit Date | 30 Sep 2019 |
| Listing Date | 01 Oct 2019 |
| Listing on Exchange(s) | NSE |
| Shiv Aum Steels Allotment Status | Exchange |
Shiv Aum Steels IPO subscription opened on 19 Sep 2019, and closed on 23 Sep 2019
IPO allotment for Shiv Aum Steels was finalized on Thursday, 26 Sep 2019
IPO listing for Shiv Aum Steels was on NSE on Tuesday, 01 Oct 2019
Shiv Aum Steels IPO LISTING GAINS
| Issue Price (adjusted) | 44.0 |
| Listing Open Price | 44.3 |
| Listing Close Price | 44.1 |
| Listing Gain% | 0.6% |
| Current Gain% | 856.8% |
Shiv Aum Steels Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shiv Aum Steels Ltd. | 421 | 572.6 | 75.5 | -3.4 | 1 | 6 | 3.2 | 577.6 | 2.9 | 7.2 | -26.3 | 5.6 | -22.3 |
| APL Apollo Tubes Ltd. | 1970 | 54698.7 | 44.5 | 0.8 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1839.8 | 48532.2 | 21 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 515 | 15695.7 | 31 | 1.2 | 4.1 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 35.2 | 13768.5 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2693.5 | 6106.9 | 21.4 | 1.9 | 2.2 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
Shiv Aum Steels INFORMATION ON IPO ISSUE
About Shiv Aum Steels
Shiv Aum Steels was incorporated on March 11, 2002. The company is engaged in the trading of mild steel products such as beams, angles, plates, channels, coils and thermo mechanically treated (TMT) bars and it operates as a trader, stockist and distributor of steel products.
Object of the Issue
- Repayment of loans
- General corporate purpose
Shiv Aum Steels - PROMOTERS
| Name |
|---|
| Sanjay Bansal |
| Ajay Bansal |
| Jatin Mehta |
| Jatin Mehta HUF |
Shiv Aum Steels Book Running Lead Manager
Aryaman Financial Services Limited
ipo@afsl.co.in
Shiv Aum Steels Registrar to the Offer
Skyline Financial Services Private Limited
mumbai@skylinerta.com
Shiv Aum Steels Strengths
Tie-ups with major steel manufacturers
As a steel trader engaged in the distribution of a variety of steel products, the Company has partnered with a number of renowned steel manufacturers for the sale of their products in the domestic market
Existing and diversified customer base
The promoters were engaged in the business of trading of iron and steel products since the year 1982 through an erstwhile partnership firm, it has been successful in building a strong client base for its current business
Wide range of products
The company is a steel trader and distributor having distribution agreements with various brands for selling their products nation-wide
Shiv Aum Steels Risks
Legal proceedings
The company, promoters, directors and group companies are parties to certain legal proceedings and adverse decisions in such proceedings may have a material adverse effect on business, results of operations and financial condition
High volume –low margin business
The company is involved in high volume –low margin business and any disruption in turnover or failure to regularly grow the same may have a material adverse effect on business, results of operations and financial condition
IPO FAQs
The promoters of the company are Sanjay Bansal, Ajay Bansal, Jatin Mehta and Jatin Mehta HUF.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 44.0 - 44.0.
The IPO application opens on Sep 19, 2019 and closes on Sep 23, 2019.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Sep 26, 2019.
The refund will be credited to your account on Sep 27, 2019.
The allotted shares will be credited to your demat on Sep 30, 2019.
Shiv Aum Steels Ltd.’s shares listed on the stock exchanges on Oct 01, 2019.