Shiv Aum Steels Ltd IPO

IPO Synopsis

Public Issue of 36,00,000 equity shares of Rs.10 each (equity shares) of Shiv Aum Steels Limited (sasl or the company) for cash at a price of Rs. 44 per equity share (including a share premium of Rs.34 per equity share) (the issue price), aggregating to Rs. 15.84 Crores (the issue), of which 1,92,000 equity shares of Rs.10 each at an issue price of Rs. 44 equity share aggregating to Rs.0.84 Crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 34,08,000 equity shares of Rs.10 each at an issue price of Rs.44 per equity shares aggregating to Rs.15 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.47% and 25.06%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs.10 and the issue price is 4.40 times of the face value. Minimum Application size of 3000 equity shares and Multiples of 3000 equity shares thereafter.