IPO

Shiv Aum Steels Limited IPO

NSE SME

Offer Date: Sep 19, 2019 - Sep 23, 2019

₹ 264000 /6000 Shares
*Min Investment

19 Sep, 2019

Open Date

23 Sep, 2019

Close Date

27 Sep, 2019

Allotment Date

01 Oct, 2019

Listing Date
IPO Issue Details
  • Issue Price Rs 44/- Per Equity Share 
  • Face Value Rs 10/- Per Equity Share 
  • Issue Price Fresh issue of 36,00,000 Equity Shares of Rs 10/- at a price of Rs 44/- per share aggregating to Rs 15.84 Cr
  • Listing at NSE SME
  • Lead Manager Aryaman Financial Services Limited
  • Registrar Skyline Financial Services Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


Shiv Aum Steels Limited IPO is an SME IPO, priced at Rs 44/- Per Equity Share . The equity shares have a face value of Rs 10/- Per Equity Share  each and will be listed on the NSE SME platform.

The IPO bidding window is open from Sep 19, 2019 to Sep 23, 2019. The allotment is expected to be finalized on Sep 27, 2019, and the tentative listing date is Oct 1, 2019.


The registrar of the IPO is Skyline Financial Services Private Limited, and

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IPO Subscription Analysis And Details
Retail
7.00x
Total
45.00x
As on QIB / NII Retail Total
Shares Offered / Reserved 17,04,000 17,04,000 34,08,000
Day 1 - 19-09-19
1.55 x 0.03 x 0.79 x
Day 2 - 20-09-19
2.01 x 0.11 x 1.06 x
Day 3 - 23-09-19
2.26 x 0.43 x 1.34 x
Valuations
Earnings Per Share (EPS) Rs 4.21/-
P/E Ratio 10.45
RoNW 12.28%
Net Asset Value (post issue) Rs 45.93/-
IPO - Issue Objectives
1

Repayment of Loans ( Rs 15.10 Cr )

2

General Corporate Purpose ( Rs 0.24 Cr )

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Shiv Aum Steels Limited 0.96 10.45 12.28% 377.29
SRU Steels Limited 1.08 50.94 2.10% 33.62