Incorporated in 2002, Shiv Aum Steels Limited (SASL) is a trader, distributor, and stockist of mild steel (contains approximately 0.05-0.25% carbon) products. It is an authorized distributor of products from Jindal Steel & Power Limited (JSPL). SASL has entered into MoU with Rashtriya Ispat Nigam Limited (RINL) & Steel Authority of India (SAIL) to procure steel products. Besides this, the company procures the products of Vandana Ispat Limited, Monnet Ispat & Energy Limited and other manufacturers as well.
Shiv Aum Steels deals with various steel products like Plates, T - Angles, C Channels, I - Beams, Coils, H - Beams, TMT Bars, Columns and Rails in all sizes based on customer's requirements.
The company follows the indirect sales model where it plays a connecting role between steel manufacturers and end-users. Currently, SASL is focussing on domestic markets only and supplies the products to small steel processing units, infrastructure & real estate developers and large EPC companies.
The godown of the company is situated in Panvel, Raigad district, Maharashtra. The estimated capacity of godowns is 10,000 - 12,000 tons for flat steel products and 7,000 - 8,000 tons for long steel products.
Competitive Strengths
- Wide product range
- Scalable business model
- Strategic locations
- Suppliers tie-ups
- Strong customer base
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Repayment of Loans | ₹15 |
| 2 General Corporate Purpose | ₹0 |
| Metric | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Total Assets | 13,062 | 10,926 | 8,014 |
| Revenue | 37,729 | 27,789 | 24,900 |
| PAT | 572 | 546 | 293 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,704,000 (47%) | — |
| Retail (RII) | — | 1,704,000 (47%) | — |
| Market Maker | — | 192,000 (5%) | — |
| Total | — | 3,600,000 (100%) | — |
* Amount calculated at upper price band (₹44) · ** Total includes all investor categories
- 1 Initiation of Refund 27 Sep 2019
- 2 Credit of Shares to Demat 30 Sep 2019
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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