
Emerging SME Services · NSE
Shiv Aum Steels Limited (SASL), established in 2002, is engaged in the trading, distribution, and stocking of mild steel products, which contain about 0.05-0.25% carbon. The company is an authorized distributor of Jindal Steel & Power Limited (JSPL) and has signed memorandums of understanding (MoUs) with Rashtriya Ispat Nigam Limited (RINL) and Steel Authority of India (SAIL) to source steel products. In addition, it procures materials from other manufacturers like Vandana Ispat Limited and Monnet Ispat & Energy Limited. SASL offers a wide range of steel products including plates, T-angles, C-channels, I-beams, coils, H-beams, TMT bars, columns, and rails, all available in various sizes as per customer requirements. The company operates through an indirect sales model, acting as a link between steel manufacturers and end-users. It currently focuses on the domestic market, catering to small steel processing units, infrastructure and real estate developers, and large EPC companies. The company’s storage facility is located in Panvel, in the Raigad district of Maharashtra. The godown has an estimated storage capacity of 10,000 to 12,000 tons for flat steel products and 7,000 to 8,000 tons for long steel products.
Price Band
₹44
Issue Size
₹15.84 Cr
Lot Size
3000 shares
GMP
Est. Listing
₹44
at current GMP
Subscribed
—
Open
19 Sep 2019
Close
23 Sep 2019
Allotment
27 Sep 2019
Refund
28 Sep 2019
Demat Credit
29 Sep 2019
Listing
1 Oct 2019
Designated Registrar: Skyline Financial Services Private Ltd
Allotment Date
27 Sep 2019
Basis finalization
Refunds Initiate
28 Sep 2019
Mandate release
Demat Credit
29 Sep 2019
Shares in demat
Listing Debut
1 Oct 2019
Trading begins
Shiv Aum Steels Ltd is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹15.84 Crores. The shares are offered at a price band of ₹44 to ₹44 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2019-09-23, the basis of allotment is scheduled to be finalized on 2019-09-27. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Ltd) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.