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Adishakti Loha and Ispat IPO is a Fixed Price IPO listing on BSE SME exchange. The company is based in New Delhi and caters to Steel sector. Turnaround Corporate Advisors is the merchant banker of Adishakti Loha and Ispat IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 18th September 2021.
Adishakti Loha and Ispat IPO open date is 30th September 2021 and close date is 5th October 2021. IPO Allotment Date is 30th November -0001 and Listing date is 13th October 2021.
IPO
Size:
₹ 2.00 Cr.
Avg IPO Size (Sector Based)
: ₹
29.33 cr.
Sector: Steel
SME
IPO so far:
43
Merchant Banker:
Turnaround Corporate
SME
IPO by BRLM so far:
4
City:
New Delhi
SME
IPO so far:
152
Revenue (annualised):
₹
10.95
cr. 
PE
Ratio:
0.00x
Average Sector PE Ratio: 16.09x
Adishakti Loha and Ispat IPO size is ₹ 2.00 Cr. with IPO price of ₹ 11.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Turnaround Corporate Advisors Private Limited is the book-running lead manager of the Adishakti Loha and Ispat IPO. Bigshare Services Private Limited is the Registrar and Market Maker is NNM Securities Private Limited for Adishakti Loha and Ispat IPO.
Adishakti Loha and Ispat IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Adishakti Loha and Ispat IPO, based in New Delhi, operates in the Steel sector with a focus on Trading in metals. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Adishakti Loha and Ispat IPO size is ₹ 2.00 Cr. with fresh issue size of ₹ 2.00 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Adishakti Loha and Ispat IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Adishakti Loha and Ispat IPO allotment status on the registrars website, Bigshare Services Private Limited. Adishakti Loha and Ispat IPO refund dates are 30th November -0001.
Adishakti Loha and Ispat IPO is expected to be listed on 13th October 2021.
The upper price band for the Adishakti Loha and Ispat IPO is set at ₹ 11.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Adishakti Loha and Ispat IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Adishakti Loha and Ispat IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 5th October 2021. After submission, funds are blocked until the basis of allotment of Adishakti Loha and Ispat IPO is finalised.
The merchant banker for Adishakti Loha and Ispat IPO is Turnaround Corporate Advisors Private Limited . Turnaround Corporate Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Adishakti Loha and Ispat IPO RHP for further details.
The registrar for Adishakti Loha and Ispat IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Adishakti Loha and Ispat IPO through their official website or helpline.
Adishakti Loha and Ispat IPO was subscribed 1.84 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 2.00 Cr.
Avg IPO Size (Sector Based)
:
₹ 29.33 Cr.
Sector: Steel
SME
IPO so far:
43
Merchant Banker:
Turnaround Corporate
SME
IPO by BRLM so far:
4
City:
New Delhi
SME
IPO so far:
152
Revenue (annualised):
₹ 11.28 cr.
PE
Ratio:
0.00x
Average Sector PE Ratio: 16.09x
Adishakti Loha and Ispat IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Adishakti Loha and Ispat Financial Review Page
Merchant Banker(s) of Adishakti Loha and Ispat IPO: Turnaround Corporate Advisors Private Limited
Adishakti Loha and Ispat IPO subscription was 1.84 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Adishakti Loha and Ispat IPO listed at a listing price of 11.40 against the offer price of 11.00.
The current market price of Adishakti Loha and Ispat is 15.75.
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