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
|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
|Listing Date||Tuesday, October 1, 2019|
|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.