Let’s have a detailed review of the company and analytics of the AA Plus Tradelink IPO release date, IPO offer price, subscription, AA Plus Tradelink Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Cash Price Rs 18
Listing AtBSE SME
Min. Order Quantity8000 Shares
Listing Date Jul 21, 2021
Offer for SaleRs Lakhs
Net IssueRs 613.44 Lakhs
IPO SizeRs 648 Lakhs
Tick SizeNA

AA Plus Tradelink IPO is listed at Rs.8 premium. Check out the live share price by clicking on the below link.

AA Plus Tradelink Share Price – Live Performance

AA Plus Tradelink IPO – Summary

AA Plus Tradelink IPO

They are currently engaged in the business of trading products made of iron & steel, aluminum, graphite, and other alloy products. They are a multi-product trading company with a diverse product portfolio.

The company is also in the business of supplying Epoxy Floor Coating, Industrial Epoxy Floor Coating, Epoxy Floor Coating Marine, PU Floor Coating, Epoxy Coating, Epoxy Primer, Epoxy High Build Coating, Epoxy Heat Resistance Coating.

The Promoters of this company are ASHOK A. SHAH AND RAJKUMAR M. SINGH. The lead manager to the issue is INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED, and the Registrar to this issue is PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED.


AA Plus Tradelink IPO Date

The opening and the closing date of IPO of AA Plus Tradelink Limited Jul 8, 2021, and Jul 13, 2021.


AA Plus Tradelink IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 8 July0.02x0.52x0.27x
2nd Day – 9 July 0.03x1.18x0.61x
3rd Day – 10 July0.03x1.18x0.61x
4th Day – 11 July0.03x1.18x0.61x
5th Day – 12 July0.32x2.61x1.46x
6th Day – 13 July0.32x2.61x1.46x
Shares Offered or Net Issue1,704,0001,704,0003,408,000

The shares subscribed by the public will be updated here.


AA Plus Tradelink IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

AA Plus Tradelink IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationJul 16, 2021
Refunds InitiationJul 19, 2021
Credit of Shares to Demat AccountJul 19, 2021
Share Listing DateJul 21, 2021

AA Plus Tradelink IPO Cash Price

The face value of each share is Rs.10, but the cash price of the IPO is Rs.18


AA Plus Tradelink IPO Equity Size

This Initial Public Issue of 36,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.18 per equity share aggregating to Rs.648.00 lakhs.


AA Plus Tradelink IPO Share Offering

Net Issue: 34,08,000 Equity Shares by their Company, aggregating to Rs.613.44 lakhs,

Issue Size: 36,00,000 Equity Shares of Rs.10 each, aggregating to Rs.648 lakhs


AA Plus Tradelink IPO – Live Performance

The listing date of this IPO is Jul 21, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – AA Plus Tradelink Share Price

AA Plus Tradelink IPO Grey Market Premium

The AA Plus Tradelink Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


AA Plus Tradelink IPO – Company Overview

They are currently engaged in the business of trading products made of iron & steel, aluminum, graphite, and other alloy products. They are a multi-product trading company with a diverse product portfolio.

The company is also in the business of supplying Epoxy Floor Coating, Industrial Epoxy Floor Coating, Epoxy Floor Coating Marine, PU Floor Coating, Epoxy Coating, Epoxy Primer, Epoxy High Build Coating, Epoxy Heat Resistance Coating.

They are currently serving corporate and other clients from the construction and manufacturing industry. Further, they intend to take the contracts from builders for the end-to-end supply and fitting of aluminum windows along with the glass.

AA Plus Tradelink IPO Product Portfolio

Their portfolio of products currently being traded by their Company includes the following:

1. Aluminium Bars, Rods & Profiles
2. Aluminium Powder
3. Aluminium Scrap
4. Ammonium Molybdenum
5. G I Pipe
6. Graphite Flakes and Circle
7. Graphite Powder
8. Graphite Rods, Blocks, and Plates
9. Graphite Scrap
10. Graphite Square and Round
11. M S Pipe
12. M S Sheet
13. Matrix Powder
14. Nickel Powder
15. Tungsten
16. Zirconium Alloy


AA Plus Tradelink IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & lakhs)
31-Mar-20Mar-1931-Mar-18
Total Assets1,020.24964.001,159.24
Total Revenue1,731.76519.822,204.01
Total Expense1,708.92497.422,193.64
Profit After Tax14.2110.155.58

Earnings per Equity Share (in lakhs)

31-Mar-20Mar-1931-Mar-18
Basic & Diluted0.310.480.27

PAT increased from Rs.10.15 lakhs for FY 2019 to Rs.14.21 lakhs in FY 2020. This increase was mainly on account of the decrease in interest cost and other reasons as detailed above. During FY 2020, their Company recorded a PAT margin of 0.82% against 1.95% for FY 2019.


AA Plus Tradelink IPO – Promoters

The Promoters of this company are:

  1. ASHOK A. SHAH
  2. RAJKUMAR M. SINGH

List of Related Parties (Key Managerial Personnel)

  • Devjeet Chakraborty, Chief Financial Officer
  • CS Mansi K. Shah, Company Secretary, and Compliance Officer

Competitive Strengths of AA Plus Tradelink Limited

  • Bouquet of metal and alloy products
  • Quality

AA Plus Tradelink IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered 36,00,000 Equity Shares aggregating up to Rs.648 lakhs
of which:
Market Maker Reservation Portion1,92,000 Equity Shares aggregating up to Rs.34.56
lakhs
 Net Issue to the Public 34,08,000 Equity Shares aggregating up to Rs.613.44
lakhs
 Of which:
17,04,000 Equity Shares aggregating Rs.306.72 lakhs available for allocation to Retail Individual
Investors
17,04,000 Equity Shares aggregating Rs.306.72 lakhs available for allocation to Retail Individual
Investors
 Equity Shares outstanding prior to the Issue45,64,800 Equity Shares
 Equity Shares outstanding after the Issue81,64,800 Equity Shares

AA Plus Tradelink IPO Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Augmenting additional working capital requirements
2. General Corporate Purposes

Business strategies of AA Plus Tradelink Limited

  • Increase the number of Client Relationships
  • Venturing into Contracting Business for Aluminium Products
  • Competitive Pricing
  • Increasing their Product Portfolio

AA Plus Tradelink IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Bouquet of metal and alloy products
  • Quality

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-200.312.39
31-Mar-190.481.75
31-Mar-180.271.0613.00

AA Plus Tradelink IPO: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)NAV per share (Rs.)
AA Plus Tradelink Limited***1057.840.312.3913.00
Listed Peers
Century Extrusions Limited1164.710.027.336.31
Sacheta Metals Limited1027.430.614.0916.52
Sharda Ispat Limited108.274.1115.8944.50

AA Plus Tradelink IPO Lead Managers

Lead Managers
INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
Western Express Highway, Andheri (East) Mumbai – 400 069, Maharashtra
Tel No: +91 22 4075 1500
Fax No: +91 22 4075 1511
Email: sme.ipo@inventuremerchantbanker.com
Investor Grievance Email: redressal@inventuremerchantbanker.com
Website: www.inventuremerchantbanker.com
SEBI Registration No: INM000012003
Contact Person: Sabya Sarkar

AA Plus Tradelink IPO Registrar to offer

Registrar to the Offer
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J. R. Boricha Marg,
Opp. Kasturba Hospital Lane,
Lower Parel (E), Mumbai – 400011, Maharashtra
Tel No.: +91 22 2301 2518 / 8261
Email: support@purvashare.com
Investor Grievance Email: support@purvashare.com
Website: www.purvashare.com
SEBI Registration No: INR000001112
Contact Person: Deepali Dhuri, Compliance Officer

AA Plus Tradelink IPO – Other Details

  • Statutory Auditor – M/s. A. Puri & Co.
  • Legal Counsel to the Company – DRC Legal & Associates
  • Bankers to the Company –  UCO Bank


AA Plus Tradelink IPO Review by Top 10 Stock Brokers

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Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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