Ahlada Engineers IPO

Ahlada Engineers IPOBusiness description - Ahlada Engineers is in the business of manufacturing steel doors and windows (steel-frame) and caters to customers across various segments and industries. It currently has facilities spread across 3 manufacturing units in addition to one assembling unit and stock yard, with an area admeasuring 34,211 square yards on the outskirts of Hyderabad. Additionally, the company is also in the business of manufacturing cleanroom equipment for customers in the pharmaceutical, biotechnology and food industries.

Established in 2005, it started commercial operations in February 2006 with manufacturing of cleanroom equipment and furniture. Further in the year 2008, the company started manufacturing steel doors which catered to the then existing customers of cleanroom equipment and furniture. The company gradually expanded its manufacturing facilities and has over the past decade, expanded the facilities to its current form and capacity. Presently, Ahlada Engineers has an installed capacity to manufacture 11,000 doors per month.

Promoters of Ahlada Engineers – Chedepudi Suresh Mohan Reddy
Ahlada Engineers IPO details
Subscription Dates 11 - 18 September 2018
IPO Price band INR147 - 150 per share
Fresh issue 3,404,000 shares (INR50.04 - 51.06 crore)
Offer for sale Nil
Total IPO size 3,404,000 shares (INR50.04 - 51.06 crore)
Minimum bid (lot size) 1,000 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE Emerge SME platform
Use of funds
  • Repayment of certain identified loans availed from lenders and directors - INR6.5 crore
  • Purchase of Machinery/Equipment - INR17.4 crore
  • Funding of Working Capital Gap - INR17 crore
  • General Corporate Purposes
  • Issue Expenses
Ahlada Engineers' financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 79.1 96.3 111.5 118.6 127.9
Total expenses 75.0 92.2 106.6 113.3 115.6
Profit after tax 2.6 2.6 3.1 3.3 8.1
Ahlada Engineers' Contact Details

Ahlada Engineers Limited
Survey No. 62/1/A & 67, Tech Mahindra Road
Bahadurpally, Qutbullapur Mandal
Hyderabad 500 043

Phone: +91 98 6650 0811
Email: kodanda.cs@ahlada.com
Website: www.ahlada.com

Ahlada Engineers IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.20
Day 2 0.25
Day 3 0.27
Day 4 0.86
Day 5 2.23
Ahlada Engineers Valuation (For latest FY)

Earnings Per Share (EPS): INR9.24

Price/Earnings (P/E) ratio: 15.9 - 16.23

Return on Net Worth (RONW): 22.22%

Net Asset Value (NAV): INR41.57 per share

Registrar of Ahlada Engineers IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

Ahlada Engineers IPO Allotment Status

Ahlada Engineers IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Ahlada Engineers

IPO Opening Date: 11 September 2018

IPO Closing Date: 18 September 2018

Listing Date: 27 September 2018

Listing Price on NSE SME: INR141 per share (down 6% from IPO price)

Closing Price on NSE SME: INR145.05 per share (down 3.3% from IPO price)

Ahlada Engineers IPO
3 (60%) 2 votes

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