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AFLOAT Enterprises Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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AFLOAT Enterprises Ltd IPO

Registered Office: Plot 3 Shop 325 DDA Community,Centre Aggarwal Plaza Rohini , New Delhi - 110085 , Delhi , India.
Phone : 91-11-27860681   Fax:
Email :  info@adishaktiloha.com  
Website :  http://www.adishaktiloha.com
Public issue of 18,20,000 equity shares of face value of (Rs)10 each ("equity shares") of Adishakti Loha and Ispat Limited (The "company") for cash at a price of (Rs)11 per equity share (including a share premium of Re. 1 per equity share) (The "issue price"), aggregating to (Rs)2.00 crores ("The issue"), of which 1,00,000 equity shares of face value of (Rs)10 each for cash at a price of (Rs)11 per equity share, aggregating to (Rs)0.11 crores will be reserved for subscription by the market maker to the issue (The "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 17,20,000 equity shares of face value of (Rs)10 each for cash at a price of (Rs)11 per equity share, aggregating to (Rs)1.89 crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 39.93% and 37.74% respectively of the fully diluted post issue paid up equity share capital of the company. The Face value of the equity shares is (Rs)10 each and the issue price of (Rs)11 is 1.10 times of the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
30-Sep-21 05-Oct-21 (Rs)11.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :10000  Further Multiples of :10000

  (Rs Cr) Lead Managers to the Issue
Project Cost 1.77
Turnaround Corporate Advisors Pvt Ltd
Project Financed through Current Offer 2.00  
Post Issue Equity Share Capital 4.56  
Issue Price (Rs)11.00  
 
Projects
To meet the incremental working capital requirementsGeneral corporate purpose
Promoted By
Pawan Kumar Mittal  
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd