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IPO Synopsis IPO   > IPO Synopsis
As on : Apr 27,2024 07:26 AM
AFLOAT Enterprises Ltd
Registered Office: Plot 3 Shop 325 DDA Community,Centre Aggarwal Plaza Rohini, New Delhi - 110085, Delhi, India.
Phone : 91-11-27860681   Fax:
Email :    
Website :  
Public issue of 18,20,000 equity shares of face value of Rs. 10 each ("equity shares") of Adishakti Loha and Ispat Limited (The "company") for cash at a price of Rs. 11 per equity share (including a share premium of Re. 1 per equity share) (The "issue price"), aggregating to Rs. 2.00 crores ("The issue"), of which 1,00,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 11 per equity share, aggregating to Rs. 0.11 crores will be reserved for subscription by the market maker to the issue (The "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 17,20,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 11 per equity share, aggregating to Rs. 1.89 crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 39.93% and 37.74% respectively of the fully diluted post issue paid up equity share capital of the company. The Face value of the equity shares is Rs. 10 each and the issue price of Rs. 11 is 1.10 times of the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
30-Sep-21 05-Oct-21 (Rs) 11.00 (Rs) 0.00
Minimum Application for shares in Nos : 10000   Further Multiples of : 10000
  Lead Managers to the Issue
Project Cost (Rs.Cr) 1.77 Turnaround Corporate Advisors Pvt Ltd
Project Financed through Current Offer (Rs.Cr) 2.00  
Post Issue Equity Share Capital (Rs.Cr) 4.56  
Issue Price (Rs) 11.00  
Projects
To meet the incremental working capital requirements General corporate purpose
Promoted By
Pawan Kumar Mittal
Listing At
BSE - SME
Registrar to the Issue
No Data Available