HomeIPO SMEAdishakti Loha and Ispat IPO Details

Adishakti Loha and Ispat IPO Details

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Adishakti Loha and Ispat IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

GMP

Subscription Status

Allotment Status

About Adishakti Loha and Ispat

The company is engaged in the business of trading in metals with its core focus on trading in Iron and Steel. Initially the company was incorporated with the object of managing, undertaking, carrying on and engaging in the business of Real Estate Development, Land Development and associated activities. The Company altered the main object clause of its Memorandum of Association vide shareholders resolution dated June 10, 2019, to enable it to pursue the business of trading in metals.

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The company is engaged in the business of trading in metals with its core focus on trading in Iron and Steel. The Company operates from its registered office located at Plot 3, Shop 325, DDA Community Centre, Aggarwal Plaza, Sector-14, Rohini, New Delhi 11008

Important Details – Adishakti Loha and Ispat

DateDetails
January 08, 2015Incorporated as “Aawas Infratech Private Limited” Delhi.
October 01, 2019Incorporation consequent upon change of name from “Aawas Infratech Private Limited” to “Adishakti Loha and Ispat Private Limited”
March 04, 2020The company was converted into a Public Limited Company, consequent upon conversion of the company to public limited company in the name of the “Adishakti Loha and Ispat Limited”

Objects of the Issue

  • To meet the incremental working capital requirements; and
  • To meet General Corporate Purpose

Adishakti Loha and Ispat Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Adishakti Loha and Ispat IPO Price – Details

DetailsADISHAKTI IPO Details
Public IssueInitial Public Offer of up to 18,20,000 Equity Shares of ₹ 10 (aggregating up to ₹ 2 crores)
Issue Open  Date30-Sep-21
Issue Close Date05-Oct-21
Issue TypeFixed Price
IPO Price Band₹ 11
Face Value ₹ 10
Market Lot 10000 Equity Shares and in multiples thereof
Minimum Order Quantity 10000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing BSE SME
NSE SymbolADISHAKTI
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Adishakti Loha and Ispat IPO DRHP & RHP

Adishakti Loha and Ispat IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum110000₹ 1,10,000
Maximum110000₹ 1,10,000

Adishakti Loha and Ispat IPO Lead Managers

  • Turnaround Corporate Advisors Private Ltd

Adishakti Loha and Ispat Registrar

  • Bigshare Services Private Limited

Adishakti IPO Allotment Date, Listing Date

DetailsDate
Bid / Offer Opens on30-Sep-21
Bid / Offer Closes on05-Oct-21
Finalisation of Basis of Allotment
Initiation of refunds 
Credit of the Equity Shares
Commencement of trading – Listing

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value Book value
per share
(₹ per share)
Adishakti Loha and Ispat Limited1010.95
Incredible Industries Limited
(Formerly known as Adhunik
Industries Limited)
1025.26
Kanishk Steel Industries Limited1020.77
Rathi Bars Limited1052.01
Sharda Ispat Limited1054.44

Company Registered Office

Plot 3, Shop 325, DDA Community Centre,
Aggarwal Plaza, Sector-14,
Rohini, New Delhi 110085
Website: http://adishaktiloha.com

Company Promoters

  • Mr.Pawan Kumar Mittal

Adishakti Loha and Ispat IPO – FAQS

What is the Adishakti Loha and Ispat IPO Price?

The Adishakti Loha and Ispat IPO price band is 11 per share

When Adishakti Loha and Ispat IPO will open?

The Adishakti Loha and Ispat IPO opens on Sep 30, 2021 and closes on Oct 05, 2021

What is the lot size of Adishakti Loha and Ispat IPO?

The Adishakti Loha and Ispat IPO lot size is 10000 Equity Shares and the minimum order quantity is 10000 Equity Shares

Who is the Registrar for Adishakti Loha and Ispat IPO?

The Registrar for Adishakti Loha and Ispat IPO is Bigshare Services Private Limited

How to apply in Adishakti Loha and Ispat IPO through UPI?

Check the step by step process here – Click here

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