Shiv Aum Steels IPO

Shiv Aum Steels IPOShiv 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 Limited 
The Summit Business Bay
Opp. Cinemax Western Express Way
A.K. Road Andheri (East), Mumbai – 400 093 Phone: +91 22 26827900
Email: [email protected]
Website: 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

 

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 Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India Phone: +91 22 2851 1022
Email[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)

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