AA Plus Tradelink Limited is engaged in the trading of products made of iron & steel, aluminium, graphite, and other alloy products. It offers a diversified range of products such as aluminium bars, Aluminium Scrap, Aluminium Powder, G I pipes, Graphite Flakes, Graphite Powder, Graphite Rods, Blocks and Plates, Graphite Square and Round, M S Pipe, M S Sheet, Nickel Powder, Zirconium Alloy, etc to clients in construction and manufacturing sector.
| Bidding Dates |
|---|
| 08 Jul 2021 - 13 Jul 2021 |
| Subscription |
|---|
| 1.46x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,44,000 | 1 | 1 | 8000 | 3.6 M | ₹18 | 55.91 % | ₹64.8 M | RHP DOC |
AA Plus Tradelink IPO SUBSCRIPTION STATUS
13 Jul '21AA Plus Tradelink IPO overall subscription rate was 1.46 times the total available shares
AA Plus Tradelink IPO retail subscription rate was 2.61 times in the retail segment
AA Plus Tradelink IPO non-institutional investor subscription rate was 0.32 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
12 Jul 2021 (Day 4) | 2.61x | 0.32x | - |
13 Jul 2021 (Day 5) | 2.61x | 0.32x | - |
08 Jul 2021 (Day 1) | 0.52x | 0.02x | - |
09 Jul 2021 (Day 2) | 1.18x | 0.03x | - |
11 Jul 2021 (Day 3) | 1.18x | 0.03x | - |
AA Plus Tradelink 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) |
| FY21 | 1.3 | 87.3 | -9.8 | -11.4 |
| FY20 | 1.4 | 165.6 | -16.3 | -18.2 |
| FY19 | 1.0 | 45.5 | 2.3 | -4.1 |
AA Plus Tradelink IPO SUBSCRIPTION STATUS DETAILS
AA Plus Tradelink had 3.6 M shares on offer
AA Plus Tradelink IPO offer price was ₹18
AA Plus Tradelink IPO minimum Investment was ₹144000
AA Plus Tradelink IPO issue size was ₹ 64.8 M
AA Plus Tradelink had a minimum lot size of 8000 Shares per application
AA Plus Tradelink NUMBER OF SHARES ON OFFER
AA Plus Tradelink IPO IMPORTANT DATES
| Issue Open Date | 08 Jul 2021 |
| Issue close Date | 13 Jul 2021 |
| Allotment Date | 16 Jul 2021 |
| Refund Date | 19 Jul 2021 |
| Demat Account Credit Date | 19 Jul 2021 |
| Listing Date | 22 Jul 2021 |
| Listing on Exchange(s) | BSE |
| AA Plus Tradelink Allotment Status | Exchange |
AA Plus Tradelink IPO subscription opened on 08 Jul 2021, and closed on 13 Jul 2021
IPO allotment for AA Plus Tradelink was finalized on Friday, 16 Jul 2021
IPO listing for AA Plus Tradelink was on BSE on Thursday, 22 Jul 2021
AA Plus Tradelink IPO LISTING GAINS
| Issue Price (adjusted) | 1.8 |
| Listing Open Price | 16.6 |
| Listing Close Price | 17.5 |
| Listing Gain% | -7.5% |
| Current Gain% | -31.7% |
AA Plus Tradelink 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AA Plus Tradelink Ltd. | 1.2 | 1 | 66.5 | -0.7 | 0.1 | 1 | 0.9 | 9.4 | -55 | 0.4 | -12.3 | 0 | -97.1 |
| Adani Enterprises Ltd. | 3020 | 408730.2 | 54.9 | 3.3 | 3.7 | 11.5 | 3.6 | 102943.2 | 2.6 | 9339.5 | 31.6 | 55 | 16.7 |
| Redington Ltd. | 354.8 | 27741.3 | 16.3 | 4 | 0.2 | 14.7 | 4.4 | 119347.4 | 19.9 | 1490.2 | -7.1 | 21.8 | 4.1 |
| Lloyds Enterprises Ltd. | 83.5 | 12611.6 | 44.5 | 0.1 | 7.2 | 6.8 | 3.9 | 2183.7 | 39 | 283.4 | 396.5 | 1.9 | 396.5 |
| Swan Corp Ltd. | 308 | 9656 | 35.2 | -0.6 | 2.2 | 3.6 | 2 | 5143.5 | -25.3 | 274.1 | -63.7 | 8.7 | -63.7 |
| MMTC Ltd. | 64 | 9597 | 24.8 | 0.1 | 2814.4 | 18.3 | 13.8 | 180.6 | -31.3 | 387.4 | 347.2 | 2.6 | 347.2 |
AA Plus Tradelink INFORMATION ON IPO ISSUE
About AA Plus Tradelink
AA Plus Tradelink Limited is engaged in the trading of products made of iron & steel, aluminium, graphite, and other alloy products. It offers a diversified range of products such as aluminium bars, Aluminium Scrap, Aluminium Powder, G I pipes, Graphite Flakes, Graphite Powder, Graphite Rods, Blocks and Plates, Graphite Square and Round, M S Pipe, M S Sheet, Nickel Powder, Zirconium Alloy, etc to clients in construction and manufacturing sector.
Object of the Issue
1.Augmenting addition working capital requirements.
2.To meet general corporate purposes.
AA Plus Tradelink - PROMOTERS
| Name |
|---|
| Ashok A. Shah |
| Rajkumar M. Singh |
AA Plus Tradelink Lead Manager to The Issue
Inventure Merchant Banker Services Private Limited
sme.ipo@inventuremerchantbanker.com
AA Plus Tradelink Registrar to the issue
Purva Sharegistry (India) Private Limited
support@purvashare.com
AA Plus Tradelink Strengths
Bouquet of metal and alloy products
Company offer various products to cater to the specific needs of its clients
Quality
Company is dedicated towards quality of its products and adhere to quality standards as prescribed by clients.
AA Plus Tradelink Risks
Registrations, licenses and permits required
Business requires to obtain and renew certain registrations, licenses and permits from government and regulatory authorities.
Construction material supply business is subject to fluctuations
Construction material supply business is subject to seasonal and other fluctuations that may affect cash flows and business operations.
IPO FAQs
AA Plus Tradelink Ltd. IPO listing opened at Rs 16.65 while the issue price was Rs 18.00 giving -7.50% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 1.80 giving -31.67% gains since its IPO listing.
The promoters of the company are Ashok A. Shah and Rajkumar M. Singh.
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 18.0 - 18.0.
The IPO application opens on Jul 08, 2021 and closes on Jul 13, 2021.
The minimum lot size for the IPO is 8000. The maximum lot size for the IPO is 8000.
For all category investors, the minimum application amount for this IPO is Rs. 144,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Jul 16, 2021.
The refund will be credited to your account on Jul 19, 2021.
The allotted shares will be credited to your demat on Jul 19, 2021.
AA Plus Tradelink Ltd.’s shares listed on the stock exchanges on Jul 22, 2021.