Adishakti Loha and Ispat Limited IPO

Adishakti Loha IPO Review

The company is in the metal trading sector, with a primary concentration on trading in iron and steel. Initially, the firm was formed with the intention of managing, undertaking, carrying on, and engaging in the business of Real Estate Development, Land Development, and related operations. The firm amended the main aim clause of its Memorandum of Association by shareholder vote dated June 10, 2019, to allow it to pursue the business of metal dealing.

The company’s registered office is located at Plot 3, Shop 325, DDA Community Centre, Aggarwal Plaza, Sector-14, Rohini, New Delhi 110085. The firm has a total of four (4) people on its payroll.

Subscription Dates30 September – 5 October 2021
Price BandINR11 per share
Fresh issue1,820,000 shares (INR2.0 crore)
Offer For SaleNil
Total IPO size1,820,000 shares (INR2.0 crore)
Minimum bid (lot size)3,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform

Particulars

For the year/period ended (₹ in Millions)

 

31-Mar-20

31-Mar-19

31-Mar-18

Total Assets

93.57

0.46

0.21

Total Revenue

109.49

0.27

NA

Profit After Tax

(0.21)

0.19

0.04

Earnings Per Share (EPS): (INR0.46)

Price/Earnings (PE ratio): NA

Return on Net Worth (RONW): (0.71%)

Net Asset Value (NAV): INR10.94 per share

Date

Adishakti Loha IPO GMP

Kostak

Subject to Sauda

Listing Performance of Adishakti Loha IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

Adishakti Loha and Ispat Limited

Oct 13, 2021

11

11.4

3.64%

NSE : NA

ISIN CODE : INE0CWK01019

BSE : 543377

BSE IndiaClick Here

KfintechClick Here

Link InTimeClick Here

IPO Opening Date: 30 September 2021

IPO Closing Date: 5 October 2021

Listing Date: 13 October 2021

Opening Price on BSE: INR12 per share (up 9.1% from IPO price)

Closing Price on BSE: INR11.4 per share (up 3.64% from IPO price)

Adishakti Loha And Ispat Limited

Plot 3, Shop 325, DDA Community Centre, Aggarwal Plaza

Sector-14, Rohini, New Delhi 110085

Phone: +91 11 27860681

Email: info@adishaktiloha.com

Website: www.adishaktiloha.com

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,

Opp. Vasant Oasis
Makwana Road Marol,

Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200

Email: ipo@bigshareonline.com

Website: www.bigshareonline.com

Category

Non-retail

Retail

Total

Shares Offered

860,000

860,000

1,720,000

Day 1

0.12

0.23

0.17

Day 2

0.12

0.83

0.47

Day 3

0.35

1.70

1.02

Day 4

0.81

2.87

1.84

Adishakti Loha IPO FAQ's

The Adishakti Loha and Ispat Limited IPO is a SME IPO of ₹11 per equity share with a face value of ₹10 per equity share. 

The issue size is priced at 1,820,000 Eq Shares of ₹10

(aggregating up to ₹2.00 Crore). The initial public offering (IPO) begins on Sep 30, 2021 and ends on Oct 5, 2021.

The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE, SME.

The Adishakti Loha and Ispat Limited IPO opens on Sep 30, 2021 and closes on Oct 5, 2021.

The Adishakti Loha and Ispat Limited IPO Market lot size is 10000 Shares and the minimum order quantity is 10000 Shares.

The finalization of Basis of Allotment for Adishakti Loha and Ispat Limited IPO will be done in [.] Oct 2021 and the allotted shares will be credited to your demat account by [.] Oct 2021. Check the Adishakti Loha and Ispat Limited IPO status.

The Adishakti Loha and Ispat Limited IPO listing date is on Wednesday,  October 13, 2021.

Adishakti Loha and Ispat Limited IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

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