Shiv Aum Steels description – Shiv Aum Steels is engaged in the trading of mild steel products such as beams, angles, plates, channels, coils and thermo mechanically treated (TMT) bars. The company operates as a trader, stockist and distributor of steel products. It is an authorized distributor for selling steel products of Jindal Steel & Power Limited (JSPL), and has entered into MoUs with Steel Authority of India (SAIL) & Rashtriya Ispat Nigam Limited (RINL) and also procures steel products from various other steel manufacturers including Monnet Ispat & Energy Limited (MIEL) and Vandana Ispat Limited (VIL).
The company mainly plays a connecting role and supports the manufacturers’ demand generation activities through trade marketing. Its operating model represents the indirect sales model and plays the role of supply chain consolidator between several steel manufacturers and the end users of the steel products. Shiv Aum Steels deals in various types of steel products like I – Beams, H – Beams, C Channels Angles, T – Angles, Coils, Plates, etc., all in varied sizes as per the requirement of its customers.
Shiv Aum Steels promoters – Sanjay Bansal, Ajay Bansal, Jatin Mehta, Jatin Mehta HUF
| Shiv Aum Steels – Upcoming IPO details | |
| Subscription Dates | 19 – 23 September 2019 |
| IPO Price band | INR44 per share |
| Fresh issue | 3,600,000 shares (INR15.84 crore) |
| Offer for sale | Nil |
| Total IPO size | 3,600,000 shares (INR15.84 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME platform |
Shiv Aum Steels IPO: Use of funds
- Repayment of Loans – INR15.10 crore
- General Corporate Expenses – INR0.24 crore
- Issue expenses – INR0.50 crore
| Shiv Aum Steels’ financial performance (in INR crore) | ||||||
| FY2017 | FY2018 | FY2019 | ||||
| Total revenue | 249.0 | 277.9 | 377.3 | |||
| Total expenses | 245.0 | 269.8 | 368.5 | |||
| Profit after tax | 2.9 | 5.5 | 5.7 | |||
Shiv Aum Steels Contact Details
Shiv Aum Steels LimitedÂThe Summit Business Bay
Opp. Cinemax Western Express Way
A.K. Road Andheri (East), Mumbai – 400 093 Phone: +91 22 26827900
Email: [email protected]
Website:Â www.shivaumsteels.com
Shiv Aum Steels IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.75 |
| Day 2 | 1.00 |
| Day 3 | 1.27 |
Â
Shiv Aum Steels Valuation (as of 31 March 2019)
Earnings Per Share (EPS): INR5.72
Price/Earnings (P/E) ratio: 7.69
Return on Net Worth (RONW): 12.28%
Net Asset Value (NAV): INR46.63 per share
Registrar of Shiv Aum Steels IPO
Skyline Financial Services Pvt LtdA49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India Phone: +91 22 2851Â 1022
Email:Â [email protected]
Website: www.skylinerta.com
Shiv Aum Steels IPO Allotment Status
Shiv Aum Steels IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Listing performance of Shiv Aum Steels
IPO Opening Date: 19 September 2019
IPO Closing Date: 23 September 2019
Listing Date: 1 October 2019
Listing Price on NSE SME: INR44.25 per share (up 0.6% from IPO price)
Closing Price on NSE SME: INR44.15 per share (up 0.3% from IPO price)
