Aditya Ultra Steel IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 59 – 62
Lot Size
2000
Issue Size
₹45.88 Cr
Minimum Investment
₹248000 (4000 Shares)
Listing Date
16 September 2024
Subscription
-
About the Company
Aditya Ultra Steel Limited produces TMT bars under the Kamdhenu brand for the construction and infrastructure sectors. Using a reheating furnace and rolling mill, the company transforms billets into high-quality TMT bars. Operating on a B2B model, Aditya Ultra Steel primarily caters to clients in Gujarat.
Located in Rajkot, Gujarat, Aditya Ultra Steel boasts an integrated production capacity of 108,000 metric tons for TMT bars as of June 2024. The company efficiently operates at about 85% of its capacity, driven by strong demand and effective operations.
The company's growth is reflected in its operational revenue, which surged from INR 145 crore in FY 2017-18 to INR 530.45 crore in FY 2023-24, achieving a compound annual growth rate (CAGR) of approximately 40%.
Promoters
Company Promoter(s)
- Varun Manojkumar Jain
- Varuna Varun Jain
Promoters Holding
Holding Pre Issue
97.94%
Holding Post Issue
68.76%
Objects of the Issue
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To meet Capital Expenditure
- To meet Working Capital Requirements
- General Corporate Purposes
- To meet the Public Issue Expenses
Address / Contact Info
Aditya Ultra Steel Limited
Survey No.888/807/810, FP-25,28,T 808-C,
Pinnacle, Prahlad Nagar Area,
Opp. Royal Arcade, AUDA Garden, Ahmedabad- 380015
Phone: 079 - 4890 1470
Email: cs@adityaultrasteel.com
Website: http://www.adityaultrasteel.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 09 September 2024
IPO Close Date
Wednesday, 11 September 2024
Basis of Allotment
Thursday, 12 September 2024
Initiation of Refunds
Friday, 13 September 2024
Credit of Shares to Demat
Friday, 13 September 2024
Listing Date
Monday, 16 September 2024 — NSE & BSE
Important Dates
Open Date
09 September 2024
Close Date
11 September 2024
Basis Of Allotment
12 September 2024
Listing Date
16 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 14752.33 | 9734.65 | 915662000 |
| Revenue | 58856.29 | 53048.91 | 51598.34 |
| Profit After Tax | 792.34 | 27766000 | 488.9 |
| Net Worth | 3758.21 | 2865.86 | 258819999.99 |
| Reserve & Surplus | 3128.6 | 2739.81 | 2462.15 |
| Total Borrowings | 5427.07 | 4984.14 | 4695.12 |
EPS Pre
4.62%
EPS Post
3.19%
P/E Pre
13.64
P/E (Post Issue)
19.43x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 23.92 |
| ROCE % | 18.75 |
| Debt / Equity | 1.44 |
| RoNW % | 21.08 |
| PbW | 2.2 |
| Pat Margin % | 1.35 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 0 | 0 | 0 |
| Market Maker | 370000 | 5 | 0 |
| Qualified Institutions | 3512000 | 47.46 | 0 |
| Non-Institutional | 1056000 | 14.27 | 0 |
| Retail Investors | 2462000 | 33.27 | 0 |
| Total | 7400000 | 100 | 0 |
Subscription Status ( Wed, 04 Sep 24 05:32 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 0 | 224000 | 0x |
| Retail Investors | 0 | 958000 | 0x |
| Total | 0 | 1182000 | 0x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 124,000.00 |
| Retail (Max) | 1 | 2,000 | 124,000.00 |
| S-HNI (Min) | 2 | 4,000 | 248,000.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Swastika Investmart Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Aditya Ultra Steel IPO is a Book-building IPO worth ₹45.88 crores. The price band is ₹59 to 62 per share. The IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Aditya Ultra Steel IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024
Aditya Ultra Steel IPO Price Band is ₹59 to 62.
Aditya Ultra Steel IPO lot size is 2000, and the minimum amount required for application is ₹248000.
The minimum investment for Aditya Ultra Steel IPO is approximately ₹248000 based on the upper price band.
To apply for the Aditya Ultra Steel IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Sep 11, 2024. After submission, funds are blocked until the basis of allotment of Aditya Ultra Steel IPO is finalised.
Aditya Ultra Steel IPO issue size is ₹45.88 crores.
Aditya Ultra Steel IPO allotment date is Sat, Jun 27, 2026.
The registrar for Aditya Ultra Steel IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Aditya Ultra Steel IPO through their official website or helpline.
The Aditya Ultra Steel IPO GMP (Grey Market Premium) is ₹0 as of Wed, Sep 11, 2024. Based on the upper price band of ₹62 per share, the estimated Aditya Ultra Steel IPO listing price is ₹62, indicating a potential listing gain of approximately 31% over the issue price.