AA Plus Tradelink Limited IPO Detail
Incorporated in 2016, AA Plus Tradelink Limited is engaged in the trading of products made of iron & steel, aluminium, graphite, and other alloy products. It offers a diversified range of products such as aluminium bars, Aluminium Scrap, Aluminium Powder, G I pipes, Graphite Flakes, Graphite Powder, Graphite Rods, Blocks and Plates, Graphite Square and Round, M S Pipe, M S Sheet, Nickel Powder, Zirconium Alloy, etc to clients in construction and manufacturing sector.
It further supplies Epoxy Floor coatings, PU Floor Coating, Epoxy Primer, and Epoxy Heat Resistance Coating.
Competitive strengths
- Diversified product portfolio.
- High-quality products.
Company Promoters
Ashok A. Shah and Rajkumar M. Singh are the company promoters.IPO Details
| IPO Opening Date | Jul 08, 2021 |
| IPO Closing Date | Jul 13, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹18 per equity share |
| Market Lot | 8000 Shares |
| Min Order Quantity | 8000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹6.48 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.02x | 0.52x | 0.27x | |
| Day 2 | - | - | 0.32x | 2.61x | 1.46x |
IPO Tentative Timetable
The AA Plus Tradelink Limited IPO open date is Jul 08, 2021, and the close date is Jul 13, 2021. The issue may list on Jul 21, 2021.
| IPO Open Date | Jul 08, 2021 |
| IPO Close Date | Jul 13, 2021 |
| Basis of Allotment Date | Jul 16, 2021 |
| Initiation of Refunds | Jul 19, 2021 |
| Credit of Shares to Demat Account | Jul 19, 2021 |
| IPO Listing Date | Jul 21, 2021 |
IPO Lot Size
The AA Plus Tradelink Limited IPO market lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹144000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹144000 |
| Maximum | 1 | 8000 | ₹144000 |
IPO Promoter Holding
| Pre Issue Share Holding | 58.63% |
| Post Issue Share Holding | 32.78% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 10.20 | 17.31 | 0.14 |
| 31-Mar-19 | 9.64 | 5.19 | 0.10 |
| 31-Mar-18 | 11.59 | 22.04 | 0.55 |
Objects of the Issue:
- Augmenting addition working capital requirements.
- To meet general corporate purposes.
