Issue Price
₹44
Per Share
GMP
NIL
Grey Market
Est. Listing
₹44
Expected Price
Min. Application
₹264,000
2 lots × 3000 shares
Incorporated in 2002, Shiv Aum Steels Limited (SASL) is a trader, distributor, and stockist of mild steel (contains approximately 0.05-0.25% carbon) products. It is an authorized distributor of products from Jindal Steel & Power Limited (JSPL). SASL has entered into MoU with Rashtriya Ispat Nigam Limited (RINL) & Steel Authority of India (SAIL) to procure steel products. Besides this, the company procures the products of Vandana Ispat Limited, Monnet Ispat & Energy Limited and other manufacturers as well.Shiv Aum Steels deals with various steel products like Plates, T - Angles, C Channels, I - Beams, Coils, H - Beams, TMT Bars, Columns and Rails in all sizes based on customer's requirements.The company follows the indirect sales model where it plays a connecting role between steel manufacturers and end-users. Currently, SASL is focussing on domestic markets only and supplies the products to small steel processing units, infrastructure & real estate developers and large EPC companies.The godown of the company is situated in Panvel, Raigad district, Maharashtra. The estimated capacity of godowns is 10,000 - 12,000 tons for flat steel products and 7,000 - 8,000 tons for long steel products. Competitive StrengthsWide product rangeScalable business modelStrategic locationsSuppliers tie-upsStrong customer base
Shiv Aum Steels Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 192,000 | — | ₹0.84 Cr | — |
| TOTAL | 3,600,000 | 100.00% | ₹15.84 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹132,000 |
| Retail (Max) | 13 | 39,000 | ₹1,716,000 |
| sNII (Min) | 14 | 42,000 | ₹1,848,000 |
| bNII (Min) | 68 | 204,000 | ₹8,976,000 |
| Particulars | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue from Operations | 37729.03 | 27788.74 | 24900.39 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 572.43 | 545.54 | 293.15 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 13061.98 | 10925.87 | 8013.79 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |