Shiv Aum Steels Ltd IPO


Subscription Details

  • Open Date 19 Sep
  • Close Date 23 Sep
  • Lot Size 3000
  • IPO Size ₹ 15.84 Cr
  • IPO Price Range ₹ 44
  • Min Investment ₹ 132000

Shiv Aum Steels Ltd IPO Timeline

Open Date
19 Sep
Close Date
23 Sep
Basis of Allotment
Credit to Demat Account
Listing Date

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.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Shiv Aum Steels Ltd IPO

Contact Information


515 The Summit Business Bay,
Opp Cinemax Western ExpressWay,
Mumbai, Maharashtra 400093

Shiv Aum Steels Ltd IPO Lead Manager

Aryaman Financial Services Ltd
Open Demat Account