Ahlada Engineers IPO – Review, Allotment, Subscription, GMP Price, Date & more
Last Updated Date: Nov 15, 2022Ahlada Engineers IPO comprises of 34,04,000 Equity shares of Rs.10 each. Ahlada Engineers is in the business of manufacturing steel doors and windows (steel-frame) and also cater to customers across various segments and industries.
They are also in the business of manufacturing clean room equipment for the customers in the pharmaceutical, biotechnology and food industries. Let’s have a detailed review of the company and analytics of the Ahlada Engineers IPO release date, IPO offer price, subscription, Ahlada Engineers IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is NA. Check the Live Share Price here Ahlada Engineers Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Ahlada Engineers IPO Review & Ratings
| Ahlada Engineers IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.1/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Ahlada Engineers IPO
Ahlada Engineers Limited is a part of manufacturing steel doors and windows (steel-frame) and also cater to customers across various segments and industries.
The Issue comprises of a Public Issue of 34,04,000 Equity shares of face value of Rs.10.00 each fully paid (the “Equity Shares”) for cash which is not known yet.
From FY 2014-15 to FY 2017-2018, as per the Restated Financial Statements:
- From fiscal 2015 to 2016, company’s revenue from operations and net profit has increased at a growth rate of 15.4 and 13%, respectively.
- For the period ended FY 2017-18 FY 2016-17, FY 2015-16 and FY 2014-15, its revenue from operations was Rs.12778.44 Lakhs, Rs.11843.83 Lakhs Rs.11107.48 Lakhs, Rs.9622.97 respectively representing growth of 32% from the FY 2014-15 to FY 2017-18. For the period ended Mar 31, 2018, FY 2016-17 ,FY 2015-16 and FY 2014-15 our net profit was Rs.809.01 Lakhs, Rs.327.29 Lakhs , Rs.305.98 Lakhs and Rs.258.61 respectively, representing a growth of 212.67% from the FY 2014-15 to FY 2017-18.
The Promoter of this company is Mr. Chedepudi Suresh Mohan Reddy. The lead manager to the issue is SAFFRON CAPITAL ADVISORS PRIVATE LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
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Ahlada Engineers IPO Date
The opening and the closing date of IPO of Ahlada Engineers is not known yet.
Ahlada Engineers IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Ahlada Engineers IPO Allotment Status
The Issue is being made through the Fixed Price Process wherein up to 1,70,400 Equity Shares shall be reserved for Market Maker upto 16,16,000 Equity shares will be allocated on a proportionate basis to Retail Individual Applicants, subject to valid applications being received from Retail Individual Applicants at the Issue Price. The balance of the Net Issue will be available for allocation on proportionate basis to Non Retail Applicants.The Issue would constitute 26.35 % of the post Issue paid up Equity Share capital of our Company.
Ahlada Engineers IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Ahlada Engineers IPO Equity Share Offering
34,04,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs (34,04,000* Issue Price).
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Ahlada Engineers Limited – Company Overview
Ahlada Engineers Private Limited was incorporated as ‘Ahlada Engineers Private Limited’ on August 10, 2005 under the Companies Act, 1956, with the Registrar of Companies, Andhra Pradesh at Hyderabad. The Company is in the business of manufacturing steel doors and windows (steel-frame) and we cater to customers across various segments and industries. Also they currently have their facilities spread across 3 manufacturing units in addition to one assembling unit and stock yard, with an area ad-measuring 34,211 square yards on the outskirts of Hyderabad. Additionally, they are also in the business of manufacturing cleanroom equipment for our customers in the pharmaceutical, biotechnology and food industries.
With nearly a decade of experience in making steel doors and windows, they have developed in-house expertise in the process of manufacturing our product range, i.e. steel doors, windows and clean room equipment, and our in-house research team contributes in fine-tuning our products, its look and finish to suit the requirements of our customers, which in turn has carved a niche for our Company’s products. Our in-house research and design team also constantly update the product designs as per client requirements and also make changes to improve efficiency.
The Company is promoted by Chedepudi Suresh Mohan Reddy.
Competitive Strengths of Ahlada Engineers Limited:
- Professional and Experienced Management team
- Quality Products.
- Assured offtake of products.
- Strong customer relations with process and line improvement inputs from Tata Steel Limited.
- Integrated manufacturing facility with independent storage facility.
Business strategies of Ahlada Engineers Limited:
- Enhance our product offerings.
- Continuing innovation, technology upgrade and cost improvements.
- Further developing our alliances.
Ahlada Engineers Limited – 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-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 14,562.47 | 9,785.69 | 8,386.93 | 6,912.18 | 6,084.47 |
| Total Revenue | 12,789.38 | 11,855.26 | 11,147.19 | 9,630.66 | 7,727.54 |
| Total Expense | 11,561.90 | 11,327.82 | 10,664.58 | 9,223.98 | 7,503.31 |
| Profit After Tax | 809.01 | 327.29 | 305.98 | 258.61 | 264.85 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Basic /Diluted | 9.24 | 3.74 | 3.94 | 2.95 | 3.07 |
From the above statements, one could find that the Ahlada Engineers Limited may perform well.
Ahlada Engineers IPO – Promoters
The Promoter of this company is: Chedepudi Suresh Mohan Reddy.
List of Related Parties (Key Managerial Personnel)
- Koduru Iswara Varaprasad Reddy
- Kurchuru Vinod Kumar Reddy
- Sravanthi Koduru
- Kurre Rajasekhar Reddy
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Ahlada Engineers IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 34,04,000 Equity Shares of Rs 10/- each at an Issue Price (yet to be disclosed). |
| Of which: | |
| Reserved for Market Makers | 1,70,400 Equity Shares of Rs 10/- each |
| Net Issue to the Public | 32,33,600 Equity Shares of Rs 10/- each |
| Of which: | |
| Retail Investors Portion | 16,16,800 Equity Shares of Rs 10/- each |
| Non-Retail Investors Portion | 16,16,800 Equity Shares of Rs 10/- each |
| Equity Shares outstanding prior to the Issue | 95,16,000 Equity Shares of Rs 10/- each |
| Equity Shares outstanding after the Issue | 45,37,500 Equity Shares of Rs 10/- each |
Ahlada Engineers IPO Issue Object
These are the IPO Issue Objects of the company:
- Repayment of certain identified loans availed from lenders and directors
- Purchase of Machinery/Equipment
- Funding of Working Capital Gap
- General Corporate Purposes
Ahlada Engineers 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:
- Professional and Experienced Management team
- Quality Products.
- Assured offtake of products.
- Strong customer relations with process and line improvement inputs from Tata Steel Limited.
- Integrated manufacturing facility with independent storage facility.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 3.49 | 12.12 | – |
| 31-Mar-17 | 3.74 | 11.52 | – |
| 31-Mar-18 | 9.24 | 22.22 | 41.57 |
Ahlada Engineers IPO Lead Managers
| Lead Managers |
| SAFFRON CAPITAL ADVISORS PRIVATE LIMITED 605, 6th floor, Centre Point, Andheri Kurla Road, J.B. Nagar, Andheri (East), Mumbai – 400 059, Maharashtra, India. Telephone: +91 22 4082 0901/0915 Facsimile: +91 22 4082 0999 E-mail: sme.ipos@saffronadvisor.com Website: www.saffronadvisor.com Investor grievance: investorgrievance@saffronadvisor.com Contact Person: Abhijit Diwan/Gaurav Khandelwal SEBI Registration Number: INM 000011211 Validity of Registration: Permanent |
Ahlada Engineers IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opposite Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai – 400 059, Maharashtra, India Telephone: +91 22 6263 8200 Facsimile: +91 22 6263 8299 E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com Investor grievance: investor@bigshareonline.com Contact person: Babu Raphael SEBI Registration No: INR000001385 Validity of Registration: Permanent |
Other Details:
- Statutory Auditor –M/s. Kishore & Venkat Associates
- Peer Review Auditor –M/s. Kishore & Venkat Associates
- Bankers to the Company – SBI, Secunderabad
Ahlada Engineers IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
Ahlada Engineers IPO Grey Market Premium
The Ahlada Engineers IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
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