Shiv Aum Steels Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,704,000 (47%) | — | ₹750 Cr |
| Retail | — | 1,704,000 (47%) | — | ₹750 Cr |
| Market Maker | — | 192,000 (5%) | — | ₹8 Cr |
| Σ Total | — | 3,600,000 (100%) | — | ₹15,840 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹132,000 |
| Retail (Max) | 13 | 39,000 | ₹1,716,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,848,000 |
| B-HNI (Min) | 67 | 201,000 | ₹8,844,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 37,729 | 27,789 | 24,900 |
| Profit After Tax | 572 | 546 | 293 |
| Total Assets | 13,062 | 10,926 | 8,014 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment of Loans – 15.10
- 2 General Corporate Purpose – 0.24
Company Overview
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.
Competitive Strengths
- Wide product range
- Scalable business model
- Strategic locations
- Suppliers tie-ups
- Strong customer base