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22 October 2019

IPO Synopsis

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 Money Payable On
Opens On Closes On Application Allotment
19-Sep-19 23-Sep-19 (Rs)44.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  (Rs Cr) Lead Managers to the Issue
Project Cost 15.84
Aryaman Financial Services Ltd
Project Financed through Current Offer 15.84  
Post Issue Equity Share Capital 13.60  
Issue Price (Rs)44.00  
 
Projects
Repayment of LoansGeneral Corporate Purpose
Promoted By
Sanjay Bansal  
Ajay Bansal  
Jatin Mehta  
Listing At
NSE - SME 
Registrar to the Issue
Skyline Financial Services Pvt 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS