AA Plus Tradelink is a Mumbai-based company that is engaged in the trading of goods made of aluminium, iron and steel, graphite, and various alloy products. AA Plus Tradelink is a tradeoff which is incorporated in the year 2016. Moreover, a company with multiproduct trading thereby including a diversified product portfolio. The IPO of AA Plus Tradelink is now open i.e. 08th July 2021 and will close on 13th July 2021. The company has set the price bracket at Rs.18 with a lot size of 8000 shares.
Let’s have a detailed view of AA Plus Tradelink IPO:
Promoters of the Company
Ashok A. Shah and Rajkumar M. Singh are the two promoters of the company.
Issuance of Shares
Issue size: Rs.6.48 crore
Face value: Rs.10
Listing At: BSE SME
The Objective of the Issuance of Shares
- Augmenting additional working capital requirements
- To meet general corporate purposes
IPO Share Price
The company decides the price band at Rs. 18 per equity share.
Retailers Reserved Lot size
Up to 1 lot i.e. 8000 shares which makes a total of Rs. 144,000 are valid for subscription, in the case of the retail individual investors.
IPO Opening and Closing date
The AA Plus Tradelink IPO is likely to open for subscription on 08th July 2021 and will close on 13th July 2021.
Lot size and Minimum number of shares
Each lot size includes a total of 8000 shares. Therefore, an investor should subscribe for a minimum count of 8000 shares only.
Allotment of Shares
The allotment of shares will be done on 16th July 2021 and the shares allotted will be transferred to your Demat account by 19th July 2021.
IPO listing date
The IPO listing date of AA Plus Tradelink is yet to announce. Moreover, the expected date may be 21st July 2021.
Trendy Analysis
The company is not that big and old . Therefore, we would not recommend to go for this subcription for short term gains. For long term investors, you may invest but with a small amount of money.