Shiv AUM IPO Opens on 19th Sep 2019

Shiv AUM IPO Opens on 19th Sep 2019

History of Shiv AUM Steel Limited

Shiv AUM Steel Ltd provides mild steel products to the customers. It has engaged in the trader, distributor, and stockist of steel products which have up to 0.05 to 0.25 percent of carbon material. The company has announced its Initial Public Offer as Shiv AUM IPO. It is scheduled to open on 19th September 2019. Scroll down to check the details of the Shiv AUM IPO. 

Shiv AUM IPO Details

Issue Open  Sep 19, 2019- Sep 23, 2019
 Issue Type`  Fixed Price Issue IPO
 IPO Size  3,600,000 Eq shares of Rs 10 (aggregating up to Rs 15.84 cr)
 Face Value  Rs 10 per equity share
 Issue Price  Rs 44 per equity share
 Market Lot  3000 shares
 Min Order Quantity  3000 Shares
 Listing At  NSE SME

The IPO will close for subscription on 23rd September 2019. The application should allow up to 5 PM on the last day of bidding.  It is raised about Rs 15.84 crore. The issue offers a total of 3,600,000 equity shares of Rs 10 face value aggregating up to Rs 15.84 crores.

It is a fixed price issue. Underwriters of the issue fixed a price at Rs 44 per equity share. The Market lot of the issue fixed at 3000 shares and a minimum order quantity at 3000 shares. It is expected to be listed on NSE SME. The performance of the IPO will lead by Aryaman Financial Services Ltd. The listing price of the issue varies by the demand and supply of IPO shares on the day of listing.

Objects of the Issue

As of the draft prospectus, the company will utilize the net proceeds raised from the IPO towards the repayment of loans and general corporate purpose. 

  • Repayment of Loans
  • General Corporate Purpose

Shiv AUM Steel Ltd IPO Promoter Holding

  Pre Issue Share Holding  100%
  Post Issue Share Holding  73.53%

Shiv AUM Steel IPO Subscription Status

Day Date NII RII Total
 1  Sep 19, 2019 17:00  1.55x  0.03x  0.79x
 2  Sep 20, 2019 17:00  2.01x  0.11x  1.06x
 3  Sep 23, 2019 17:00  2.26x  0.43x  1.34x

By using the subscription status, you will know if the IPO subscribed or not. Investors can only make bidding for IPO in between 10 AM to 5 PM after opening the Issue. 

The finalization of the basis of allotment will available on 26th September 2019. As of the source, rejected investors’ funds will refund on 27th Sep 2019. Other details of IPO such as allotment date and listing date will update as soon as possible. 

Shiv Aum IPO Prospectus

Draft Prospectus 

Red Herring Prospectus 

Listing Details

 Listing Date  Tuesday, October 1, 2019
 Listing In  ST
 ISIN   INE719F01016
 Issue Price  ₹44 Per Equity Share
 Face Value  ₹10 Per Equity Share

Registrar of IPO

Skyline Financial Services Private Ltd
   D-153A, 1st Floor,
   Okhla Industrial Area, Phase-I,
   New Delhi -110020

Phone: +91 – 11 – 2681
Email: [email protected]

Other details of IPO like, Subscription status, allotment details, listing price, when to list, how much profit can an investor make in this IPO will available after completing the bidding process.

Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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  • […] Shiv AUM IPO has opened on 19th September 2019. The IPO has completed its bidding process. The company raised over Rs 15.84 crore through the issue. The price of the issue fixed at Rs 44 per equity share. The face value of the issue is Rs 10 per equity share. Here is tentative news for the investors who invested in this offer. The official board of Shiv AUM IPO released the allotment status. Investors can check your bidding details at the Shiv AUM IPO allotment status official site. […]

  • […] to market and sell their quality products to Shiv AUM steel company customers. The ability Of Shiv AUM to trade in renowned and quality steel products provides us with a competitive edge and also […]

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