AA Plus Tradelink IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 15, 2022Let’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 Value | Rs 10 |
| Cash Price | Rs 18 |
| Listing At | BSE SME |
| Min. Order Quantity | 8000 Shares |
| Listing Date | Jul 21, 2021 |
| Offer for Sale | Rs Lakhs |
| Net Issue | Rs 613.44 Lakhs |
| IPO Size | Rs 648 Lakhs |
| Tick Size | NA |
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
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 / Date | NII | RII | Total Subscription |
| 1st Day – 8 July | 0.02x | 0.52x | 0.27x |
| 2nd Day – 9 July | 0.03x | 1.18x | 0.61x |
| 3rd Day – 10 July | 0.03x | 1.18x | 0.61x |
| 4th Day – 11 July | 0.03x | 1.18x | 0.61x |
| 5th Day – 12 July | 0.32x | 2.61x | 1.46x |
| 6th Day – 13 July | 0.32x | 2.61x | 1.46x |
| Shares Offered or Net Issue | 1,704,000 | 1,704,000 | 3,408,000 |
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 Finalization | Jul 16, 2021 |
| Refunds Initiation | Jul 19, 2021 |
| Credit of Shares to Demat Account | Jul 19, 2021 |
| Share Listing Date | Jul 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
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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-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | 1,020.24 | 964.00 | 1,159.24 |
| Total Revenue | 1,731.76 | 519.82 | 2,204.01 |
| Total Expense | 1,708.92 | 497.42 | 2,193.64 |
| Profit After Tax | 14.21 | 10.15 | 5.58 |
Earnings per Equity Share (in lakhs)
| 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted | 0.31 | 0.48 | 0.27 |
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:
- ASHOK A. SHAH
- 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 Portion | 1,92,000 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 Issue | 45,64,800 Equity Shares |
| Equity Shares outstanding after the Issue | 81,64,800 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 0.31 | 2.39 | – |
| 31-Mar-19 | 0.48 | 1.75 | – |
| 31-Mar-18 | 0.27 | 1.06 | 13.00 |
AA Plus Tradelink IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV per share (Rs.) | |
| AA Plus Tradelink Limited*** | 10 | 57.84 | 0.31 | 2.39 | 13.00 |
| Listed Peers | |||||
| Century Extrusions Limited | 1 | 164.71 | 0.02 | 7.33 | 6.31 |
| Sacheta Metals Limited | 10 | 27.43 | 0.61 | 4.09 | 16.52 |
| Sharda Ispat Limited | 10 | 8.27 | 4.11 | 15.89 | 44.50 |
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
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
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| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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