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IPO Synopsis

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  • IPO Synopsis

IPO

Shiv Aum Steels Ltd
  • Registered Office: 515 The Summit Business Bay,Opp Cinemax Western ExpressWay, Mumbai - 400093, Maharashtra, India. Phone : 91-22-23727249/23717160   Fax:91-22-23736665
  • Email : info@shivaumsteel.com
  • Website :www.shivaumsteels.com
Public Issue of 36,00,000 equity shares of Rs.10 each ("equity shares") of Shiv Aum Steels Limited ("sasl" or the "company") for cash at a price of Rs. 44 per equity share (including a share premium of Rs.34 per equity share) (the "issue price"), aggregating to Rs. 15.84 Crores ("the issue"), of which 1,92,000 equity shares of Rs.10 each at an issue price of Rs. 44 equity share aggregating to Rs.0.84 Crores will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 34,08,000 equity shares of Rs.10 each at an issue price of Rs.44 per equity shares aggregating to Rs.15 Crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 26.47% and 25.06%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs.10 and the issue price is 4.40 times of the face value. Minimum Application size of 3000 equity shares and Multiples of 3000 equity shares thereafter.
Issue
Opens On Closes On
19-Sep-19 23-Sep-19
Money Payable On
Application Allotment
44.00 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
Cr Lead Managers to the Issue
Project Cost (.Cr) 15.84 Aryaman Financial Services Ltd
Project Financed through Current Offer (.Cr) 15.84  
Post Issue Equity Share Capital (.Cr) 13.60
Issue Price () 44.00
Projects
Repayment of Loans
General Corporate Purpose
Promoted By
Sanjay Bansal
Ajay Bansal
Jatin Mehta
Listing At
NSE - SME
Registrar to the Issue
No Data Available