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 Value||Rs 10|
|Cash Price||Rs 11|
|Listing At||BSE SME|
|Min. Order Quantity||NA|
|Net Issue||Rs 189.20 LACS|
|IPO Size||Rs 200.20 LACS|
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
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 / Date||QIB||NII||RII||Total 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||–|
|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:
|Amount (in INR & lakhs)|
|Profit After Tax||(2,14,021)||1,90,937||41,047|
Earnings per Equity Share (in lakhs)
|Basic & Diluted||(0.46)||19.09||4.10|
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:
- 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.|
|Reserved for the Market Makers||Up to 1,00,000 Equity Shares aggregating up to Rs.11.00 Lakh|
|Net Issue to the Public||Up to 17,20,000 Equity Shares aggregating up to Rs. 189.20 Lakh.|
|For Retail Individual Investors||Minimum of 8,60,000 Equity Shares aggregating Rs. 94.60 Lakh*|
|Individual applicants other than retail individual investors||8,60,000 Equity Shares aggregating Rs. 94.60 Lakh**|
|Equity Shares outstanding prior to the Issue||27,38,000 Equity Shares|
|Equity Shares outstanding after the Issue||45,58,000 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 EPS||RONW (%)||NAV (Rs.)|
- Price to Earnings (P/E) ratio in relation to Issue Price of Rs.11:
Adishakti Loha IPO : Competitive Peers
|Face Value (Rs.)||P/E||EPS (Rs.)||Return on Net Worth (%)||Book Value Per Share (Rs.)|
|Adishakti Loha and Ispat Limited*||10||(23.91)||(0.46)||(0.71%)||10.94|
|Adhunik Industries Limited||10||86.36||0.22||0.88%||24.48|
|Kanishk Steel Industries Limited||10||9.65||0.71||3.80%||18.77|
|Rathi Bars Limited||10||5.81||1.67||3.30%||50.44|
|Sharda Ispat Limited||10||5.24||7.07||15.90%||44.50|
Adishakti Loha IPO Lead Managers
|Turnaround Corporate Advisors Private Limited|
714, Vishwadeep Building, Plot No. 4, District Centre, Janakpuri, New Delhi- 110058
Investor Grievance Email: email@example.com
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
Investor Grievance Email: firstname.lastname@example.org
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 Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoters Reputation|
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