Adishakti Loha and Ispat Limited is engaged in the business of trading metals with its core focus on trading in Iron and Steel.

Bidding Dates
30 Sep 2021 - 05 Oct 2021
Subscription
0.81x Undersubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹110,00011100001.8 M₹1160.07 %₹20.0 MRHP DOC

Adishakti Loha & Ispat IPO SUBSCRIPTION STATUS

05 Oct '21
Total0.81x
Retail Individual Investor1.84x
HNI (NII) Investors2.87x
Qualified Institutional Buyers-

Adishakti Loha & Ispat IPO overall subscription rate was 0.81 times the total available shares

Adishakti Loha & Ispat IPO retail subscription rate was 1.84 times in the retail segment

Adishakti Loha & Ispat IPO non-institutional investor subscription rate was 2.87 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
05 Oct 2021
(Day 5)
1.84x2.87x-
01 Oct 2021
(Day 2)
0.47x0.83x-
02 Oct 2021
(Day 3)
0.47x0.83x-
04 Oct 2021
(Day 4)
1.02x1.7x-
30 Sep 2021
(Day 1)
0.17x0.23x-

Adishakti Loha & Ispat 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 0.0 113.8 4.6 4.6
FY20 -0.2 109.5 -28.5 -28.5
FY19 0.2 0.3 0.3 -0.5

Adishakti Loha & Ispat IPO SUBSCRIPTION STATUS DETAILS

Adishakti Loha & Ispat had 1.8 M shares on offer

Adishakti Loha & Ispat IPO offer price was ₹11

Adishakti Loha & Ispat IPO minimum Investment was ₹110000

Adishakti Loha & Ispat IPO issue size was ₹ 20.0 M

Adishakti Loha & Ispat had a minimum lot size of 10000 Shares per application

Adishakti Loha & Ispat NUMBER OF SHARES ON OFFER

Total1.8 M
Fresh Issue1.8 M
Offer for Sale0
Post Issue Promoter Holding %60.07 %

Adishakti Loha & Ispat IPO IMPORTANT DATES

Issue Open Date30 Sep 2021
Issue close Date05 Oct 2021
Allotment Date08 Oct 2021
Refund Date11 Oct 2021
Demat Account Credit Date12 Oct 2021
Listing Date13 Oct 2021
Listing on Exchange(s)BSE
Adishakti Loha & Ispat Allotment StatusExchange

Adishakti Loha & Ispat IPO subscription opened on 30 Sep 2021, and closed on 05 Oct 2021

IPO allotment for Adishakti Loha & Ispat was finalized on Friday, 08 Oct 2021

IPO listing for Adishakti Loha & Ispat was on BSE on Wednesday, 13 Oct 2021

Adishakti Loha & Ispat IPO LISTING GAINS

Issue Price (adjusted)11.0
Listing Open Price6.4
Listing Close Price11.4
Listing Gain%-41.8%
Current Gain%-1.9%

Adishakti Loha & Ispat Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
AFLOAT Enterprises Ltd.10.84.922020.4-220.42.6001.9-70.30-99.80-99.9
Adani Enterprises Ltd.2593.3350980.261.2-2.32.811.53.6102943.22.69339.531.642.4-26.8
Redington Ltd.335.22620915.43.80.214.74.4119347.419.91490.2-7.121.84.1
Lloyds Enterprises Ltd.60.69249.282.4-1.44.76.83.92183.739283.4396.50.7-60
Augmont Enterprises Ltd.972.58886.136.826.694282.542.3333.953.3
MMTC Ltd.52.27831.517.502868.718.313.8180.6-31.3387.4347.23355.5

Adishakti Loha & Ispat INFORMATION ON IPO ISSUE

About Adishakti Loha & Ispat

Adishakti Loha and Ispat Limited is engaged in the business of trading metals with its core focus on trading in Iron and Steel.

Object of the Issue

1.To meet the incremental working capital requirements
2.To meet general corporate purpose

Adishakti Loha & Ispat - PROMOTERS

Name
Pawan Kumar Mittal

Adishakti Loha & Ispat Lead Manager To The Issue

Turnaround Corporate Advisors Private Limited

Info@tcagroup.in

Adishakti Loha & Ispat Registrar to the Offer

Bigshare Services Private Limited

ipo@bigshareonline.com

Adishakti Loha & Ispat Strengths

Experienced and qualified management team

Company is managed by a team of competent personnel having knowledge of core aspects of Busines

Strength

Existing client and supplier relationships

Company focuses on addressing the customer’s need for variety of product. Further being a small organization, the company relies on personal relationships with suppliers and customers likewise.

Strength

Adishakti Loha & Ispat Risks

Purchase order basis

The company's business with its customers is on purchase order basis and do not enter into long term contracts with most of them

Risk

Limited operating history

Company has limited operating history, and therefore investors may not be able to assess the prospects on the basis of historical results

Risk

IPO FAQs

  • Adishakti Loha and Ispat Ltd. IPO listing opened at Rs 6.40 while the issue price was Rs 11.00 giving -41.82% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 11.00 giving -1.91% gains since its IPO listing.
  • The promoter of the company is Pawan Kumar Mittal.
  • 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 11.0 - 11.0.
  • The IPO application opens on Sep 30, 2021 and closes on Oct 05, 2021.
  • The minimum lot size for the IPO is 10000. The maximum lot size for the IPO is 10000.
  • For all category investors, the minimum application amount for this IPO is Rs. 110,000.0, the maximum value for this IPO is Rs 110,000.0.
  • This IPO will be allotted on Oct 08, 2021.
  • The refund will be credited to your account on Oct 11, 2021.
  • The allotted shares will be credited to your demat on Oct 12, 2021.
  • Adishakti Loha and Ispat Ltd.’s shares listed on the stock exchanges on Oct 13, 2021.