Adishakti Loha IPO (ASL IPO) – Review, Allotment, Subscription, GMP & DRHP

Let’s have a detailed review of the company and analytics of the Adishakti Loha and Ispat IPO release date, IPO offer price, subscription, Adishakti Loha IPO (ASL 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 11
Listing AtBSE SME
Min. Order QuantityNA
Listing Date NA
Net IssueRs 189.20 LACS
IPO SizeRs 200.20 LACS
Tick SizeNA

The Adishakti Loha and Ispat IPO is listed at Re.1 premium, check out the live share price by clicking on the below link.

Adishakti Loha Share Price – Live Performance

Adishakti Loha IPO – Summary

Adishakti Loha IPO

Their Company is engaged in the business of trading in metals with its core focus on trading in Iron and Steel. Initially their Company was incorporated with the object of managing, undertaking, carrying on and engaging in the business of Real Estate Development, Land Development and associated activities.

The Company altered the main object clause of its Memorandum of Association vide shareholders resolution dated June 10, 2019, to enable it to pursue the business of trading in metals.

The Promoter of this company is MR. PAWAN KUMAR MITTAL. The lead manager to the issue is Turnaround Corporate Advisors Private Limited, and the Registrar to this issue is Bigshare Services Private Limited.


Adishakti Loha IPO (ASL IPO) Date

The opening and the closing date of IPO of Adishakti Loha Limited is not available yet.


Adishakti Loha IPO (ASL IPO) Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Adishakti Loha IPO (ASL 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.

Adishakti Loha IPO (ASL IPO) Listing Date

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

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Adishakti Loha IPO Price Band / Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.11. 


Adishakti Loha IPO Equity Size

This Initial Public Issue of 17,391,303 Equity Shares of Rs.10 each for cash at a price of Rs.11 per equity share aggregating to Rs.200.20 LACS.


Adishakti Loha IPO Share Offering

Net Issue: The Fresh Issue of 17,20,000 Equity Shares by their Company, aggregating to Rs.189.20 Lakh,

Issue Size: 18,20,000 Equity Shares of Rs.10 each, aggregating to Rs.200.20 Lakh.


Adishakti Loha IPO – Live Performance

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

Live IPO Performance – Adishakti Loha Share Price

Adishakti Loha IPO Grey Market Premium

The Adishakti Loha IPO (ASL IPO) Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Adishakti Loha IPO – Company Overview

Their Company is engaged in the business of trading in metals with its core focus on trading in Iron and Steel. The Company operates from its registered office located at Plot 3, Shop 325, DDA Community Centre, Aggarwal Plaza, Sector-14, Rohini, New Delhi 110085. Their Company is Promoted by Mr. Pawan Kumar Mittal, who owns and controls their Company along with his family members.

Since their Company is a Trading Company, they don’t own any Plant and Machinery. Further, no part of the proceeds from the issue would be utilized for purchase of or for procuring Plant and Machinery.

Adishakti Loha IPO – Nature of Products

The Company is currently primarily engaged in trading of metals with its core focus being trading in Iron and Steel.

The company operates as an intermediary to their customers. They are currently serving the corporate and other clients. They work on a B2B model and the procurement of goods is carried out by them on order basis, owing to which they do not maintain any inventory as the goods are supplied directly from supplier to their customer.


Adishakti Loha and Ispat IPO – Financial Statements

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

Financial Summary:

Amount (in INR & lakhs)
31-Mar-20Mar-1931-Mar-18
Total Assets9,35,68,2044,56,5022,12,311
Total Revenue10,94,85,5432,70,000
Total Expense10,95,79,80710,95,79,8079,714
Profit After Tax(2,14,021)1,90,93741,047

Earnings per Equity Share (in lakhs)

31-Mar-20Mar-1931-Mar-18
Basic & Diluted(0.46)19.094.10

On the basis of their restated standalone financial statements, their total revenue from operations for FY 2020, FY 2019 and FY 2018 was Rs. 1,094.85 Lakh, Rs. 2.70 Lakh and Nil respectively and their net profit/(loss) for FY 2020, FY 2019 and FY 2018, was Rs. (2.14) Lakh, Rs. 1.91 Lakh and Rs. 0.41 Lakh respectively.


Adishakti Loha IPO (ASL IPO) – Promoters

The Promoter of this company is:

  1. MR. PAWAN KUMAR MITTAL

List of Related Parties (Key Managerial Personnel)

  • Mr. Gyanendra Kumar Pathak, Chief Financial Officer, Chief Executive Officer
  • Mr. Bhuwan Singh Taragi, Company Secretary and Compliance Officer

Competitive Strengths of Adishakti Loha Limited

  • Their Promoter’s network in the trading community
  • Experienced and qualified management team
  • Existing client and supplier relationships

Adishakti Loha IPO (ASL IPO) Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to 18,20,000 Equity Shares aggregating up to Rs.200.20 Lakhs.
of which:
Reserved for the Market MakersUp to 1,00,000 Equity Shares aggregating up to Rs.11.00 Lakh
Net Issue to the PublicUp to 17,20,000 Equity Shares aggregating up to Rs. 189.20 Lakh.
Of which:
For Retail Individual InvestorsMinimum of 8,60,000 Equity Shares aggregating Rs. 94.60 Lakh*
Individual applicants other than retail individual investors8,60,000 Equity Shares aggregating Rs. 94.60 Lakh**
 Equity Shares outstanding prior to the Issue27,38,000 Equity Shares
 Equity Shares outstanding after the Issue45,58,000 Equity Shares

Adishakti Loha IPO Issue Object

The objects of the present issue of Equity Shares are:

a. To meet the incremental working capital requirements; and
b. To meet General Corporate Purpose

Business strategies of Adishakti Loha Limited

  • Increase geographical presence
  • Diversify their Product Portfolio
  • Better working capital management
  • Leveraging their Market skills and Relationships

Adishakti Loha IPO (ASL 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:

  • Experienced Promoters
  • Existing Supplier Relationship
  • Existing Client Base

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-20(0.46)(0.71%)
31-Mar-1919.09127.51%
31-Mar-184.10(99.66%)10.94
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs.11:
ParticularsP/E ratio
Highest86.36
Average26.77
Lowest5.24

Adishakti Loha IPO : Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Book Value Per Share (Rs.)
Adishakti Loha and Ispat Limited*10(23.91)(0.46)(0.71%)10.94
Listed Peers
Adhunik Industries Limited1086.360.220.88%24.48
Kanishk Steel Industries Limited109.650.713.80%18.77
Rathi Bars Limited105.811.673.30%50.44
Sharda Ispat Limited105.247.0715.90%44.50

Adishakti Loha IPO Lead Managers

Lead Manager
Turnaround Corporate Advisors Private Limited
714, Vishwadeep Building, Plot No. 4, District Centre, Janakpuri, New Delhi- 110058
Tel: +91-11-45510390
E-mail: Info@tcagroup.in
Investor Grievance Email: complaints@tcagroup.in
Website: www.tcagroup.in
Contact Person: Mr. Heemadri Mukerjea
SEBI Registration No.: MB/INM000012290

Adishakti Loha IPO Registrar to offer

Registrar to the Offer
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai – 400059
Tel : +91-22-62638200; Fax :+91-22-62638280
E-mail: ipo@bigshareonline.com
Investor Grievance Email: investors@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Babu Rapheal C.
SEBI Registration No.: INR000001385

Adishakti Loha IPO – Other Details

  • Statutory Auditor – Sushil Lal & Associates, Chartered Accountants
  • Legal Counsel to the Company – Ms. Anu Sapra
  • Bankers to the Company –  YES Bank Limited


Adishakti Loha IPO (ASL IPO) Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


Subscribe to Adishakti Loha IPO

    Fill the Details Below
    1. Subscribe to IPOOpen Demat Account


    Adishakti Loha IPO (ASL IPO) News

    News 1 – Adishakti Loha IPO (ASL IPO) RHP Download

    Calculate your return on investment!



    Asset ClassROI (Rs.)Profit (Rs.)Profit (%)
    IPO
    Equity
    Savings
    Real Estate
    Gold
    Bonds
    Fixed Deposit
    Mutual Fund

    Market Guide

    What is IPO?
    IPO Investment
    IPO Valuation
    Upcoming IPOs

    Featured Topics

    Best Discount Broker in India
    Top 10 Sub Broker Partner in India
    Best Stock Broker in India
    Sub Broker Franchise
    Best Demat Account
    Brokerage Calculator
    Best Full Service Broker in India
    Broking Franchisee
     Best Intraday Trading Brokers in India

     

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Get 100% IPO Allotment Guarantee! Subscribe to IPO
    ×

    Share your details & Become Sub Broker Now!

      1. Become Sub Broker

      Offer valid for limited time.

      ×

      Share your details & Open Demat A/C Now!

        1. Open Demat Account

        Offer valid for limited time.

        ×

        Share your details & Get IPO Allotment Now!

          1. Invest in IPO

          Offer valid for limited time.

          ×

          Share your details & Invest in PMS Now!

            1. Invest in PMS / PCG

            Offer valid for limited time.