Aditya Ultra Steel IPO Details
The Aditya Ultra Steel IPO is a book build issue with a total issue size of ₹45.88 cr, comprising of fresh issue of 7400000 equity shares. Aditya Ultra Steel IPO opened for subscription on Sep 09, 2024 and closed on Sep 11, 2024. Aditya Ultra Steel IPO is set price band at ₹59 to ₹62 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹248,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 12, 2024, and listed on the NSE on Sep 16, 2024.
Cameo Corporate Services Limited has been appointed as the registrar. Swastika Investmart Ltd are the Book Running Lead Manager for the issue.
Before investing in the Aditya Ultra Steel IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 59 – 62
- Lot Size
- 2000
- Issue Size
- ₹45.88 Cr
- Minimum Investment
- ₹248000 (4000 Shares)
- Listing Date
- 16 September 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Swastika Investmart Ltd
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 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.
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 per share.
Aditya Ultra Steel IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹248000 based on the upper price band
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.
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.
Aditya Ultra Steel IPO issue size is ₹45.88 crores.
Aditya Ultra Steel IPO allotment date is Wed, Jul 1, 2026.
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.
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% over the issue price.