Business description – Ahlada Engineers is in the business of manufacturing steel doors and windows (steel-frame) and caters to customers across various segments and industries. It currently has facilities spread across 3 manufacturing units in addition to one assembling unit and stock yard, with an area admeasuring 34,211 square yards on the outskirts of Hyderabad. Additionally, the company is also in the business of manufacturing cleanroom equipment for customers in the pharmaceutical, biotechnology and food industries.
Established in 2005, it started commercial operations in February 2006 with manufacturing of cleanroom equipment and furniture. Further in the year 2008, the company started manufacturing steel doors which catered to the then existing customers of cleanroom equipment and furniture. The company gradually expanded its manufacturing facilities and has over the past decade, expanded the facilities to its current form and capacity. Presently, Ahlada Engineers has an installed capacity to manufacture 11,000 doors per month.
Promoters of Ahlada Engineers – Chedepudi Suresh Mohan Reddy
| Ahlada Engineers IPO details | |
| Subscription Dates | 11 – 18 September 2018 |
| IPO Price band | INR147 – 150 per share |
| Fresh issue | 3,404,000 shares (INR50.04 – 51.06 crore) |
| Offer for sale | Nil |
| Total IPO size | 3,404,000 shares (INR50.04 – 51.06 crore) |
| Minimum bid (lot size) | 1,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Repayment of certain identified loans availed from lenders and directors – INR6.5 crore
- Purchase of Machinery/Equipment – INR17.4 crore
- Funding of Working Capital Gap – INR17 crore
- General Corporate Purposes
- Issue Expenses
| Ahlada Engineers’ financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 79.1 | 96.3 | 111.5 | 118.6 | 127.9 | |
| Total expenses | 75.0 | 92.2 | 106.6 | 113.3 | 115.6 | |
| Profit after tax | 2.6 | 2.6 | 3.1 | 3.3 | 8.1 | |
Ahlada Engineers’ Contact Details
Ahlada Engineers Limited
Survey No. 62/1/A & 67, Tech Mahindra Road
Bahadurpally, Qutbullapur Mandal
Hyderabad 500 043
Phone: +91 98 6650 0811
Email: [email protected]
Website: www.ahlada.com
Ahlada Engineers IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.20 |
| Day 2 | 0.25 |
| Day 3 | 0.27 |
| Day 4 | 0.86 |
| Day 5 | 2.23 |
Ahlada Engineers Valuation (For latest FY)
Earnings Per Share (EPS): INR9.24
Price/Earnings (P/E) ratio: 15.9 – 16.23
Return on Net Worth (RONW): 22.22%
Net Asset Value (NAV): INR41.57 per share
Registrar of Ahlada Engineers IPO
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Ahlada Engineers IPO Allotment Status
Ahlada Engineers IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Ahlada Engineers
IPO Opening Date: 11 September 2018
IPO Closing Date: 18 September 2018
Listing Date: 27 September 2018
Listing Price on NSE SME: INR141 per share (down 6% from IPO price)
Closing Price on NSE SME: INR145.05 per share (down 3.3% from IPO price)