About the Company:
Adishakti Loha and Ispat Ltd is engaged in the business of trading in metals with its core focus on trading in Iron and Steel.
Initially 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.
Company is Promoted by Mr. Pawan Kumar Mittal, who owns and controls the Company along with his family members.
Promoter’s network in the trading community.
Company’s Promoter has strong network with the trading community of Delhi.
He has circle of business associates who are into trading business. Owing to his already existing network, we are able to enter into the business of trading in metals.
Further, thePromoter’s network has been instrumental in scaling up the turnover of Company within short span of time.
Management Team:
- Mr. Pawan Kumar Mittal (Designation: Promoter Director)
- Mrs. Kiran Mittal (Designation: Non Executive Non Independent Director)
Objectives of the Issue:
- To meet the incremental working capital requirements.
- To meet General Corporate Purpose
Financials of the Company:
| (in Crores) | FY 19 | FY 20 | FY 21 |
|---|---|---|---|
| Revenue | 0.027 | 10.94 | 11.38 |
| Net Profit | 0.02 | (-0.02) | 0.003 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Adishakti Loha and Ispat Ltd | 10 | 0.01 | 902.97 | 0.11% | 10.95 |
| Incredible Industries Ltd (Formerly known as Adhunik Industries Ltd | 10 | 0.78 | 37.63 | 3.07% | 25.26 |
| Kanishk Steel Industries | 10 | 2.00 | 10.45 | 9.62% | 20.77 |
| Rathi Bars Ltd | 10 | 1.42 | 18.63 | 2.72% | 52.01 |
| Sharda Ispat Ltd | 10 | 6.80 | 10.74 | 12.48% | 54.44 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 30th September 2021 |
| Issue Closes on:. | 5th October 2021 |
| Issue Price | Rs.11 |
| Face Value | Rs.10 |
| Minimum Lot | 10,000 |
| Minimum Investment | Rs.1,10,000 |
| Issue Constitutes | 39.92% |
| Issue Size | Rs.2.00 cr |
| Market Cap | Rs.5.01 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 18,20,000 |
| Equity Shares Prior to the Issue | 27,38,000 |
| Equity Shares after the issue | 45,58,000 |
Also Read : List of Upcoming IPO’s in India.
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.01 | 902.97 | 0.11% | 10.95 |
| Check IPO Allotment Status: |
|---|
Bigshare: http://www.bigshareonline.com/IPO/AllotmentBSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| Adishakti Loha and Ispat Private Limited Plot 3, Shop 325, DDA Community Centre, Aggarwal Plaza, Sector-14, Rohini, New Delhi 110085; Tel: +91-11-27860681; Email: info@adishaktiloha.com Website: http://adishaktiloha.com |
| IPO Registrar Info: |
|---|
| Bigshare Services Private Limited 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai – 400059 Tel : +91-22-62638200; E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| Turnaround Corporate Advisors Pvt Ltd 714, Vishwadeep Building, Plot No. 4, District Centre, Janakpuri, New Delhi- 110058 Tel: +91-11-45510390 E-mail: Info@tcagroup.in Website: www.tcagroup.in |
