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SHIVAUMSME / NSEListed
Shiv Aum Steels

Shiv Aum Steels Limited (SASL), established in 2002, is engaged in the trading, distribution, and stocking of mild steel products, which contain about 0.05-0.25% carbon. The company is an authorized distributor of Jindal Steel & Power Limited (JSPL) and has signed memorandums of understanding (MoUs) with Rashtriya Ispat Nigam Limited (RINL) and Steel Authority of India (SAIL) to source steel products. In addition, it procures materials from other manufacturers like Vandana Ispat Limited and Monnet Ispat & Energy Limited. SASL offers a wide range of steel products including plates, T-angles, C-channels, I-beams, coils, H-beams, TMT bars, columns, and rails, all available in various sizes as per customer requirements. The company operates through an indirect sales model, acting as a link between steel manufacturers and end-users. It currently focuses on the domestic market, catering to small steel processing units, infrastructure and real estate developers, and large EPC companies. The company’s storage facility is located in Panvel, in the Raigad district of Maharashtra. The godown has an estimated storage capacity of 10,000 to 12,000 tons for flat steel products and 7,000 to 8,000 tons for long steel products.

₹44 - ₹44Open
Listed Price₹44.25
Listing Gain+0.57%

IPO Schedule & Timeline

Fixed Price IPO
Open19 Sep 2019
Close23 Sep 2019
Allotment27 Sep 2019
Listing01 Oct 2019

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker1,92,000 shares
5.33%

Minimum Application Lots

Retail1 Lot (3,000 shares)
₹1,32,000
HNI2 Lots (6,000 shares)
₹2,64,000

Company Promoters

Mr. Sanjay BansalMr. Ajay BansalMr. Jatin MehtaJatin Mehta HUF

Company Background

Shiv Aum Steels Limited (SASL), established in 2002, is engaged in the trading, distribution, and stocking of mild steel products, which contain about 0.05-0.25% carbon. The company is an authorized distributor of Jindal Steel & Power Limited (JSPL) and has signed memorandums of understanding (MoUs) with Rashtriya Ispat Nigam Limited (RINL) and Steel Authori...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (31-Mar-19)₹37729.03 Cr
Growth+51.5%
Revenue Trend (₹ in Crores)
0.014.5k28.9k43.4k31-Mar-1731-Mar-1831-Mar-19
PeriodRev (Cr)PAT (Cr)AssetsDebt
31-Mar-1937,729.03572.4313,061.980
31-Mar-1827,788.74545.5410,925.870
31-Mar-1724,900.39293.158,013.790

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Skyline Financial Services Private Limited

Allotment Finalized
Allotment Date
27 Sep 2019
Official Status
Out / Finalized
Registrar
Skyline Financial Services Private Limited
Listing Date
01 Oct 2019

Official Allotment Verification Links

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Skyline Financial Services Private Limited

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Allotment Schedule & Milestones

IST
1. Allotment Finalization27 Sep 2019Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date01 Oct 2019Trading commences on exchange

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About Shiv Aum Steels IPO

Complete issue overview for Shiv Aum Steels (SHIVAUM) IPO. The issue features an equity share price band of ₹44 per share with a minimum retail lot size of 3000 Shares (minimum application amount of ₹1,32,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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