Shiv Aum Steels Share Price

Shiv Aum Steels Limited was incorporated as a Private Limited Company with the name Shiv Aum Steels Private Limited on March 11, 2002. Subsequently the name of the Company was changed to Shiv Jagannath Steel Private Limited pursuant to a fresh Certificate of Incorporation. Further, the name of the Company was changed to Shiv Aum Steels Private Limited. The status of the Company was changed to Public Limited Company and the name was changed to Shiv Aum Steels Limited on April 26, 2019. The Company is engaged in the trading of iron and steel products including beams, angles, plates, channels, coils and thermo mechanically treated (TMT) bars. It operates as a trader, stockist and distributor of steel products. The Company is an authorised distributor for selling steel products of Jindal Steel Power Limited (JSPL), has entered into MoUs with Steel Authority of India (SAIL) Rashtriya Ispat Nigam Limited (RINL) and also procure steel products from various other steel manufacturers including Monnet Ispat Energy Limited (MIEL) and Vandana Ispat Limited (VIL) to name a few, which gives the company an exclusive market to trade in high quality and well established brands of steel products. The Company deals in various types of steel products like I Beams, H Beams, C Channels, Angles, T Angles, Coils, Plates, etc., all in varied sizes as per the requirement of the customers. The Company mainly plays a connecting role and support the manufacturers demand generation activities through trade marketing. The Companys operating model represents the indirect sales model and it plays the role of supply chain consolidator between several steel manufacturers and the end users of the steel products. The key deliverables here are logistics, inventory management, credit and delivery at cost effective prices to the customers. Thus its business requires stocking of various steel products at its dedicated godown and is working capital intensive. At present, the company caters only to domestic markets and over the years it has build a strong and reliable customer base. The Company supplies all kinds of steel products on a PAN India basis and its customers range from small steel processing units to large EPC companies and Real Estate Infrastructure Developers. Some of its customers include Maharashtra Seamless, Kone Cranes, Dogus Soma JV, LT STEC JV and IPCA to name a few. The Company came up with a Public Issue of 3600000 Equity Shares by raising money aggregating Rs 15.84 Crores through IPO in September, 2019.