Shiv Aum Steels Ltd is set to debut in the stock market with an issue size ₹15.84 Cr. Shiv Aum Steels Ltd (SASL) is a mild steel dealer, distributor, and stockist (containing around 0.05-0.25% carbon). It is an authorized distributor of Jindal Steel & Power Ltd (JSPL) goods and has MoUs with Rashtriya Ispat Nigam Limited (RINL) and the Steel Authority of India (SAIL). It also buys Vandana Ispat Limited, Monnet Ispat & Energy Limited, and other producers’ products. SASL sells steel goods such as plates, T-angles, C Channels, I-Beams, Coils, H-Beams, TMT Bars, Columns, and Rails in a variety of sizes to customers. It operates on an indirect sales approach, supplying items to small steel processing plants, infrastructure and real estate developers, and big EPC firms.
Shiv Aum Steels Ltd IPO Details
| IPO Date | Sep 19, 2019 to Sep 23, 2019 |
| Listing Date | Oct 1, 2019 |
| Face Value | ₹10 per share |
| Price | ₹44 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,600,000 shares(aggregating up to ₹15.84 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Shiv Aum IPO Tentative Timetable
Shiv Aum IPO opens on Sep 19, 2019, and closes on Sep 23, 2019.
| Event | Tentative Date |
| Opening Date | Sep 19, 2019 |
| Closing Date | Sep 23, 2019 |
| Basis of Allotment | Sep 26, 2019 |
| Initiation of Refunds | Sep 27, 2019 |
| Credit of Shares to Demat | Sep 30, 2019 |
| Listing Date | Oct 1, 2019 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Company Overview
Shiv Aum Steels Limited is a trading company that deals in mild steel products such as beams, angles, plates, channels, coils and TMT bars. They operate as a trader, stockist, and distributor of steel products, procuring steel products from various manufacturers, including Jindal Steel & Power Limited, Steel Authority of India, Rashtriya Ispat Nigam Limited, Monnet Ispat & Energy Limited, and Vandana Ispat Limited. The company specializes in procuring a large array of steel products in bulk quantities from top manufacturers and selling them to customers in specific quantities, sizes, and dimensions. They play a connecting role, support manufacturers’ demand-generation activities through trade marketing, and represent the indirect sales model. Shiv Aum Steels Limited stocks various steel products at their dedicated godown, and their business is working capital intensive.
Industry Overview
The OECD Economic Forecast predicts 4% global GDP growth in the next years, owing primarily to supportive monetary and fiscal policy. GDP growth in the eurozone is expected to stay over 2% in 2018 and 2019, with a broad-based recovery supported by both domestic and global demand. GDP growth in Japan is expected to be 1.9% in 2018, and 2.8% in 2019. The degree of exposure to commodities markets, progress in structural reforms, the amount of financial vulnerabilities, and the various demand-side policies undertaken all influence economic development in developing nations. A real estate market slump, an increase in non-performing loans as a result of corporate debts, and increasing trade actions are all potential headwinds.
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | ||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 13,061.98 | 10,925.87 | 8,013.79 |
| Total Revenue | 37,729.03 | 27,788.74 | 24,900.39 |
| Profit After Tax | 572.43 | 545.54 | 293.15 |
Objects of the Issue
The Company intends to apply the Net Funds from the Offering to the following purposes:
- Repayment of Loans
- General Corporate Purpose
Strengths
- Experienced Promoters and Management Expertise
- Tie-ups with Major Steel Manufacturers
- Existing and Diversified Customer Base
- Strategic Location of our Warehousing Units
- Scalable Business Model
Weaknesses
- Vulnerability to raw material prices
- Dependence on a specific market or industry
- High fixed costs
- Potential for environmental regulations and fines
- Heavy reliance on key customers
Shiv Aum Steels Ltd Lead Manager(s)
- Aryaman Financial Services limited
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
Company Contact Information
Shiv Aum Steels Ltd
515, The Summit Business Bay, Opp. Cinemax Western Express Way, A.K. Road Andheri (East) Mumbai- 400 093
Phone: +91 22 23727249 / 2371716
Email: info@shivaumsteels.com
Website: http://www.shivaumsteels.com
Company Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: Mumbai@skylinerta.com
Website: https://www.skylinerta.com/
Shiv Aum Steels Ltd IPO: GMP, Price, Dates and size
Shiv Aum Steels Ltd is set to debut in the stock market with an issue size ₹15.84 Cr. Shiv Aum Steels Ltd (SASL) is a mild steel dealer, distributor, and stockist (containing around 0.05-0.25% carbon). It is an authorised distributor of Jindal Steel & Power Ltd (JSPL) goods and has MoUs with Rashtriya Ispat Nigam Limited (RINL) and the Steel Authority of India (SAIL). It also buys Vandana Ispat Limited, Monnet Ispat & Energy Limited, and other producers’ products. SASL sells steel goods such as plates, T-angles, C Channels, I-Beams, Coils, H-Beams, TMT Bars, Columns, and Rails in a variety of sizes to customers. It operates on an indirect sales approach, supplying items to small steel processing plants, infrastructure and real estate developers, and big EPC firms.
Shiv Aum Steels Ltd IPO Details
| IPO Date | Sep 19, 2019 to Sep 23, 2019 |
| Listing Date | Oct 1, 2019 |
| Face Value | ₹10 per share |
| Price | ₹44 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,600,000 shares(aggregating up to ₹15.84 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Shiv Aum IPO Tentative Timetable
Shiv Aum IPO opens on Sep 19, 2019, and closes on Sep 23, 2019.
| Event | Tentative Date |
| Opening Date | Sep 19, 2019 |
| Closing Date | Sep 23, 2019 |
| Basis of Allotment | Sep 26, 2019 |
| Initiation of Refunds | Sep 27, 2019 |
| Credit of Shares to Demat | Sep 30, 2019 |
| Listing Date | Oct 1, 2019 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Company Overview
Shiv Aum Steels Limited is a trading company that deals in mild steel products such as beams, angles, plates, channels, coils and TMT bars. They operate as a trader, stockist, and distributor of steel products, procuring steel products from various manufacturers, including Jindal Steel & Power Limited, Steel Authority of India, Rashtriya Ispat Nigam Limited, Monnet Ispat & Energy Limited, and Vandana Ispat Limited. The company specializes in procuring a large array of steel products in bulk quantities from top manufacturers and selling them to customers in specific quantities, sizes, and dimensions. They play a connecting role, support manufacturers’ demand-generation activities through trade marketing, and represent the indirect sales model. Shiv Aum Steels Limited stocks various steel products at their dedicated godown, and their business is working capital intensive.
Industry Overview
The OECD Economic Forecast predicts 4% global GDP growth in the next years, owing primarily to supportive monetary and fiscal policy. GDP growth in the eurozone is expected to stay over 2% in 2018 and 2019, with a broad-based recovery supported by both domestic and global demand. GDP growth in Japan is expected to be 1.9% in 2018, and 2.8% in 2019. The degree of exposure to commodities markets, progress in structural reforms, the amount of financial vulnerabilities, and the various demand-side policies undertaken all influence economic development in developing nations. A real estate market slump, an increase in non-performing loans as a result of corporate debts, and increasing trade actions are all potential headwinds.
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | ||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 13,061.98 | 10,925.87 | 8,013.79 |
| Total Revenue | 37,729.03 | 27,788.74 | 24,900.39 |
| Profit After Tax | 572.43 | 545.54 | 293.15 |
Objects of the Issue
The Company intends to apply the Net Funds from the Offering to the following purposes:
- Repayment of Loans
- General Corporate Purpose
Strengths
- Experienced Promoters and Management Expertise
- Tie-ups with Major Steel Manufacturers
- Existing and Diversified Customer Base
- Strategic Location of our Warehousing Units
- Scalable Business Model
Weaknesses
- Vulnerability to raw material prices
- Dependence on a specific market or industry
- High fixed costs
- Potential for environmental regulations and fines
- Heavy reliance on key customers
Shiv Aum Steels Ltd Lead Manager(s)
- Aryaman Financial Services limited
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
Company Contact Information
Shiv Aum Steels Ltd
515, The Summit Business Bay, Opp. Cinemax Western Express Way, A.K. Road Andheri (East) Mumbai- 400 093
Phone: +91 22 23727249 / 2371716
Email: info@shivaumsteels.com
Website: http://www.shivaumsteels.com
Company Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: Mumbai@skylinerta.com
Website: https://www.skylinerta.com/
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