Ahlada Engineers IPO is all set to make its debut on 11th Sept 18 with 51.08Cr is into manufacturer of steel doors, windows, and clean room equipment.
Ahlada Engineers IPO – overview
| IPO Dates | 11-18 sept 18 |
| IPO Price | INR 150 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 3,405,000 shares (INR 51.08 crore) |
| Minimum bid (lot size) | 1000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Ahlada Engineers IPO – Tentative Dates
| IPO Offer Opening Date | 11 Sept 2018 |
| IPO Closing Date | 18 Sept 2018 |
| Finalization of Basis of Allotment | 24 Oct 2018 |
| Initiation of refunds | 25 Oct 2018 |
| Transfer of shares to demat accounts | 25 Oct 2018 |
| IPO Listing Date | 27 Oct 2018 |
Company Overview
Incorporated in 2005, Ahlada Engineers Ltd is Hyderabad based manufacturer of steel doors, windows, and clean room equipment. Company’s customer base includes the pharmaceutical, biotechnology, food, healthcare, entertainment and real estate industries.
Ahlada Engineers has inked an agreement with Tata Steel to manufacture and supply steel doors (which is sold by Tata Steel Ltd under their brand name “PRAVESH”). The company manufactures and supplies steel doors and windows to other industrial customers as well.
Ahlada Engineers has 3 manufacturing facilities, an assembly unit and a stockyard located on the outskirts of Hyderabad city. The company has in-house research, design and quality teams.
Competitive Strengths
1. ISO 9001:2015 (Quality Management system), ISO 14001:2015 (Environmental Management system) and OHSAS 18001:2007 (Occupational Health and Safety Management system) certifications from TV SD Management Service GmbH.
2. Tata Steel Limited has ensured an assured offtake of its products i.e., steel doors.
3. Receive quality & process improvements from Tata Steel as per agreement with them. This helps the company to improve the processes and quality of the products.
4. The company maintains an integrated manufacturing facility with independent storage facility spread across an area of 34,211 square yards.
Objects of the Issue
- Repayment of certain identified loans availed from lenders and directors.
- Purchase of Machinery/Equipment.
- Funding of Working Capital Gap.
- General Corporate Purposes.
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 14,562.47 | 9,785.69 | 8,386.93 |
| Total Revenue | 12,789.38 | 11,855.26 | 11,147.19 |
| Profit After Tax | 809.01 | 327.29 | 305.98 |
Company Contact Information
Ahlada Engineers Ltd
Door No 4-56, Survey No. 62/1/A & 67,
Tech Mahindra Road, Bahadurpally, Qutbullapur Mand
Hyderabad 500 043, Rangareddi
Phone: +91 98 6650 0811
Email: kodanda.cs@ahlada.com
Website: http://ahlada.com/
Ahlada Engineers IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Ahlada Engineers IPO Lead Manager(s)
- Saffron Capital Advisors Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
