Adishakti Loha and Ispat Limited IPO Detail
Adishakti Loha and Ispat Limited is engaged in the business of trading metals with its core focus on trading in Iron and Steel.
The company works on a B2B model where it procures goods on an order basis and does not maintain any inventory as the goods are supplied directly from the supplier to the customers. The company’s top management enjoys the confidence of several corporates and other clients. The company currently markets only to a selected setup of clients.
Competitive strengths
- Company’s promoters have strong network with the trading community of Delhi.
- Experienced and qualified management team.
- Repeat business from existing client.
Company Promoters
Mr. Pawan Kumar MittalIPO Details
| IPO Opening Date | Sep 30, 2021 |
| IPO Closing Date | Oct 05, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹11 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹2.00 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.0x | - | - | 0.12x | 0.23x | 0.17x |
| Day 2 | 0.0x | - | - | 0.12x | 0.83x | 0.47x |
| Day 3 | 0.0x | - | - | 0.35x | 1.70x | 1.02x |
| Day 4 | 0.0x | - | - | 0.81x | 2.86x | 1.84x |
IPO Tentative Timetable
The Adishakti Loha and Ispat Limited IPO open date is Sep 30, 2021, and the close date is Oct 05, 2021. The issue may list on Oct 13, 2021.
| IPO Open Date | Sep 30, 2021 |
| IPO Close Date | Oct 05, 2021 |
| Basis of Allotment Date | Oct 08, 2021 |
| Initiation of Refunds | Oct 11, 2021 |
| Credit of Shares to Demat Account | Oct 12, 2021 |
| IPO Listing Date | Oct 13, 2021 |
IPO Lot Size
The Adishakti Loha and Ispat Limited IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 1 lots (10000 shares or ₹110000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹110000 |
| Maximum | 1 | 10000 | ₹110000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 60.07% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 9.36 | 10.95 | 0.021 |
| 31-Mar-19 | 0.046 | 0.027 | 0.019 |
| 31-Mar-18 | 0.021 | NA | 0.004 |
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following purposes;
- To meet the incremental working capital requirements.
- To meet general corporate purpose.
