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Shiv Aum IPO is a fixed price issue of Rs 15.84 crores.
Shiv Aum IPO bidding started from September 19, 2019 and ended on September 23, 2019. The allotment for Shiv Aum IPO was finalized on Thursday, September 26, 2019. The shares got listed on NSE SME on October 1, 2019.
Shiv Aum IPO price is ₹44 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹132,000.
Aryaman Financial Services Limited is the book running lead manager of the Shiv Aum IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Shiv Aum IPO RHP for detailed information.
| IPO Date | September 19, 2019 to September 23, 2019 |
| Listing Date | October 1, 2019 |
| Face Value | ₹10 per share |
| Price | ₹44 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,600,000 shares (aggregating up to ₹15.84 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,000,400 |
| Share holding post issue | 13,600,400 |
| Market Maker portion | 192,000 shares |
Shiv Aum IPO offers 3,600,000 shares. 1,704,000 (47.33%) to NII, 1,704,000 (47.33%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 192,000 (5.33%) |
| Other Shares Offered | 1,704,000 (47.33%) |
| Retail Shares Offered | 1,704,000 (47.33%) |
| Total Shares Offered | 3,600,000 (100%) |
Shiv Aum IPO opens on September 19, 2019, and closes on September 23, 2019.
| IPO Open Date | Thursday, September 19, 2019 |
| IPO Close Date | Monday, September 23, 2019 |
| Basis of Allotment | Thursday, September 26, 2019 |
| Initiation of Refunds | Friday, September 27, 2019 |
| Credit of Shares to Demat | Monday, September 30, 2019 |
| Listing Date | Tuesday, October 1, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 23, 2019 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹132,000 |
| Retail (Max) | 1 | 3000 | ₹132,000 |
| Lot Size Calculator | |||
Sanjay Bansal, Ajay Bansal, Jatin Mehta, and Jatin Mehta HUF are the promoters of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.53% |
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.
| 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
[Dilip Davda] 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...
The Shiv Aum IPO is subscribed 1.34 times on September 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)
| Category | Subscription (times) |
|---|---|
| Other | 2.26 |
| Retail | 0.43 |
| Total | 1.34 |
| Listing Date | October 1, 2019 |
| BSE Script Code | |
| NSE Symbol | SHIVAUM |
| ISIN | INE719F01016 |
| Final Issue Price | ₹44 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹44.00 |
| ₹44.25 |
| ₹44.10 |
| ₹44.60 |
| ₹44.15 |
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
Phone: 02228511022
Email: Mumbai@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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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 September 19, 2019, and closes on September 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 September 19, 2019 and closes on September 23, 2019.
Shiv Aum IPO lot size is 3000 Shares, and the minimum amount required is ₹132,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Shiv Aum IPO will be done on Thursday, September 26, 2019, and the allotted shares will be credited to your demat account by Monday, September 30, 2019. Check the Shiv Aum IPO allotment status.
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