Aditya Ultra Steel IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 09 Sep 2024
Close Date
Wed, 11 Sep 2024
Price Band
₹ 59 – 62
Lot Size
2000
Issue Size
₹ 45.88 Cr
Minimum Investment
₹ 248,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Aditya Ultra Steel IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹45.88 Crore, comprising a fresh issue of 74.00 Lakh equity shares aggregating to ₹45.88 Crore.
The Aditya Ultra Steel IPO remained open for subscription from September 09, 2024, to September 11, 2024. The basis of allotment was finalized on September 12, 2024, and the company's shares were listed on NSE SME Platform on September 16, 2024.
The company had fixed the price band at ₹59 to ₹62 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹248,000 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Swastika Investmart Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Aditya Ultra Steel Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Aditya Ultra Steel IPO Timeline (Tentative)
- IPO Open Date
- Mon, 09 Sep 24
- IPO Close Date
- Wed, 11 Sep 24
- Basis of Allotment
- Thu, 12 Sep 24
- Initiation of Refunds
- Fri, 13 Sep 24
- Credit of Shares to Demat
- Fri, 13 Sep 24
- Listing Date
- Mon, 16 Sep 24 — NSE & BSE
Open Date
09 September 2024
Close Date
11 September 2024
Basis Of Allotment
12 September 2024
Listing Date
16 September 2024
IPO Subscription
Check Live Subscription →The Aditya Ultra Steel IPO has received bids for 11,82,000 shares against 0 shares offered, resulting in an overall subscription of 0x. the NII category is subscribed 0x, Retail Investors 0x, and QIBs 0x.
QIB
0x
NII
0x
RII
0x
Total
0x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 24,62,000 shares, representing 33.27% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 35,12,000 shares (47.46%), while Non-Institutional Investors (NIIs) receive 10,56,000 shares (14.27%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 0 | 0% |
| Market Maker | 370,000 | 5% |
| Qualified Institutions | 3,512,000 | 47.46% |
| Non-Institutional | 1,056,000 | 14.27% |
| Retail Investors | 2,462,000 | 33.27% |
| Total | 7,400,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Aditya Ultra Steel Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Aditya Ultra Steel Limited
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%.
Aditya Ultra Steel IPO Promoters
Company Promoter(s)
- Varun Manojkumar Jain
- Varuna Varun Jain
Promoters Holding
Holding Pre Issue
97.94%
Holding Post Issue
68.76%
Aditya Ultra Steel IPO Objective
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
Aditya Ultra Steel Limited Address / Contact Details
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
Aditya Ultra Steel IPO Lot Size
The Aditya Ultra Steel IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,24,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,24,000.
| 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 |
Issue Reservation
- Anchor Investors — 0%
- Market Maker — 5%
- QIB — 47.46%
- NII — 14.27%
- RII — 33.27%
Book Running Lead Managers
- Swastika Investmart Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Aditya Ultra Steel IPO?
Aditya Ultra Steel IPO is a Book-building IPO with a total issue size of ₹45.88 crore. The Aditya Ultra Steel IPO price band is ₹59 to 62 per share. The Aditya Ultra Steel IPO subscription opens on Mon, Sep 9, 2024, and closes on Wed, Sep 11, 2024. The Aditya Ultra Steel IPO will be listed on the NSE. Cameo Corporate Services Limited is the registrar for the Aditya Ultra Steel IPO.
When will the Aditya Ultra Steel IPO open for subscription?
The Aditya Ultra Steel IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024
What is Aditya Ultra Steel IPO Price Band?
Aditya Ultra Steel IPO Price Band is ₹59 to 62 per share.
What is Aditya Ultra Steel IPO Lot Size?
Aditya Ultra Steel IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹248000 based on the upper price band
What is the minimum investment for Aditya Ultra Steel IPO?
The minimum investment for Aditya Ultra Steel IPO is ₹248000, based on one lot of 2000 shares at the upper price band of ₹62 per share.
How to apply for Aditya Ultra Steel IPO?
Investors can apply for the Aditya Ultra Steel IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 11, 2024. The application amount remains blocked until the Aditya Ultra Steel IPO allotment is finalized.
What is Aditya Ultra Steel IPO Issue Size?
Aditya Ultra Steel IPO issue size is ₹45.88 crores.
What is the Aditya Ultra Steel IPO Allotment Date?
Aditya Ultra Steel IPO allotment date is Thu, Sep 12, 2024.
Who is the Aditya Ultra Steel IPO Registrar?
The registrar for Aditya Ultra Steel IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Aditya Ultra Steel IPO allotment status, refund processing, and other IPO-related information.
What is the Aditya Ultra Steel IPO GMP?
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 0.00% over the issue price.
Who is the Aditya Ultra Steel IPO Lead Manager?
The book-running lead managers (BRLMs) for the Aditya Ultra Steel IPO are Swastika Investmart Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Aditya Ultra Steel IPO Red Herring Prospectus (RHP).