Shiv Aum Steels Ltd
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Shiv Aum Steels Ltd's successfully completed its Initial Public Offering and commenced trading on Oct 01, 2019 at the NSE exchange. The company raised 36,00,000 Shares through this public offering, comprising TBD in fresh capital.
The IPO was priced within the band of ₹44 to ₹44, with minimum application lots of 3000 shares. The offering attracted significant investor interest during its subscription period from Sep 19, 2019 to Sep 23, 2019.
Share allotment was finalized on Sep 27, 2019, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Shiv Aum Steels Limited (SASL), established in 2002, is engaged in the trading, distribution, and stocking of mild steel products, which contain about 0.05-0.25% carbon. The company is an authorized distributor of Jindal Steel & Power Limited (JSPL) and has signed memorandums of understanding (MoUs) with Rashtriya Ispat Nigam Limited (RINL) and Steel Authority of India (SAIL) to source steel products. In addition, it procures materials from other manufacturers like Vandana Ispat Limited and Monnet Ispat & Energy Limited. SASL offers a wide range of steel products including plates, T-angles, C-channels, I-beams, coils, H-beams, TMT bars, columns, and rails, all available in various sizes as per customer requirements. The company operates through an indirect sales model, acting as a link between steel manufacturers and end-users. It currently focuses on the domestic market, catering to small steel processing units, infrastructure and real estate developers, and large EPC companies. The company’s storage facility is located in Panvel, in the Raigad district of Maharashtra. The godown has an estimated storage capacity of 10,000 to 12,000 tons for flat steel products and 7,000 to 8,000 tons for long steel products.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Offers a wide variety of products
- Business model that's easy to scale and grow
- Located in key strategic areas
- Strong partnerships with suppliers
- Large and loyal customer base
NA
- Mr. Sanjay Bansal
- Mr. Ajay Bansal
- Mr. Jatin Mehta
- Jatin Mehta HUF
Shiv Aum Steels Ltd
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