Issue Date (As per NSE Website)
Start Date : 11-Sep-2018 | End Date : 18-Sep-2018
Issue Size : 34,05,000 | Issue Price : Rs. 147 to 150
Lot Size : 1000 | Face Value : Rs. 10
The company is sprawling 1,25,000 sq. ft. factory facility which includes manufacturing, warehousing and testing facilities situated at Hyderabad, Andhra Pradesh, India.
The facility is ISO 9001-2008 certified and equipped with advanced, high-tech computerised numerically controlled manufacturing equipmenti.e. Shearing Machines, Press brakes , Turret Punch presses, Roll forming machines, Power presses, High pressure PUF Injection Machine with Hydraulic presses, state-of-the-art painting lines i.e. conveyorised reciprocating powder coating booths with heating ovens, conveyorised liquid painting booth with heating oven, Decorative finish paint Plant, with an installed capacity of 3,00,000 Sq.mt. per annum enable to meet the divergent requirements and specifications of the customers.
Ahlada is promoted by young and dynamic entrepreneurs with a valuable engineering background having vast experience in production backed by a marketing and service team, who visuals a modern concept with perfection, consistency and reliability by offering a product with high international standards.
Ahlada manufactures the complete line of Modular Clean Room Partitions, Equipments, Furniture catering to the life sciences , Biotechnology and semi conductor manufacturing Industries and distinctive Steel Doors and Windows catering to the Residential, commercial construction market and industrial sector requirements.
Company Balance Book
Ahlada, had reported a total revenue of Rs 1.27 billion in March 2018 up by 14.1% YoY and reported a net profit of 8.07cr up by 60.8% YoY. Recently company invested increased its fixed assets. Whereas the current liabilities has also seen increase by 33%.
2006 : Started business with clean room equipment and stainless steel furniture for pharmaceutical, biotechnology and food industry.
2008 : Started manufacturing steel doors
2013 : Started manufacturing steel doors for residential spaces
2017 : Entered into agreement with Tata Steel
Tata Steel has recently had a tie-up with Ahlada to promote steel substitute for wooden doors in commercial and residential spaces in order to bring about change with its green initiatives. It has entered into a Master Manufacturing and Supply Agreement (MMSA) with Ahlada in August’2017 for procurement of close to 1 million door in 4 years with an option to renew the deal. The steel product which would replace the wooden ones’ would be marketed by Tata Steel under the aegis of brand name ‘Tata Pravesh’. During the agreement period, the company will manufacture and supply 11.75 lakh doors to Tata Steel.
This is going to be first of its kind initiative in India which would see wooden doors are getting replaced by steel door while maintaining the same finish and style.
Mr. Ch Suresh Mohan Reddy, MD, Ahlada Engineers, in a press conference said, “We are planning to raise about ₹51 crore with this IPO. These funds will be used for purchase of machinery, funding of working capital gap, repayment of certain loans and other purposes.”
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