Friday, September 20, 2019

Shiv Aum Steels IPO Dates, Review, Price Band, IPO Allotment & Market Lot

Shiv Aum Steels Limited (SASL) incorporated in 2002 based in Mumbai. The company is a trader, distributor and stockist of mild steel products. They are authorized distributor of products made by Jindal Steel and Power Limited. They also entered in MoU with Rashtriya Ispat Nigam Limited & SAIL to product steel products. The product range includes Plates, T - Angles, C Channels, I - Beams, Coils, H - Beams, TMT Bars, Columns and Rails in all sizes based on requirements. Shiv Aum Steels ipo is NSE SME IPO. Shiv Aum Steels Limited (SASL) ipo is starting from 19-September and ends on 23-September. The price band is around ₹44 with 3000 market lot. The ipo size is around ₹15.84 rupees.

Shiv Aum Steels IPO Review:

  • Risky
Shiv Aum Steels IPO Dates & Price Band:
 IPO Open:  19-Sep-2019
 IPO Close:  23-Sep-2019
 IPO Size:  Approx ₹15.84 Crore (Approx)
 Face Value:  ₹10 Per Equity Share
 Price Band:  ₹44 Per Share
 Listing on:  NSE SME
 Retail Portion:  50%
 Equity:  3,600,000 Shares
Shiv Aum Steels IPO Market Lot:
  • Shares: Apply for 3,000 Shares (Minimum Lot Size)
  • Amount: ₹1,32,000
Shiv Aum Steels IPO Allotment & Listing:
  • Basis of Allotment: 26-Sep-2019
  • Refunds: 27-Sep-2019
  • Credit to demat accounts: 30-Sep-2019
  • Listing: 01-Oct-2019
Financial Results:
  ₹ in Crore
Revenue Expenses PAT
2015 - - -
2016 - - -
2017 249 245 2.90
2018 278 270 5.50
2019 377 369 5.70

Shiv Aum Steels IPO Important Links:

Shiv Aum Steels IPO Allotment Status:
Company Promoters:
  • Sanjay Bansal
  • Ajay Bansal
  • Jatin Mehta
  • Jatin Mehta HUF
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Phone: +91 - 11 - 2681
IPO Lead Managers:
  • Aryaman Financial Services limited
Company Address:
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