The Aditya Ultra Steel IPO, which is a book-built issue, is valued at ₹45.88 crore and consists entirely of a fresh issue of 74 lakh shares. The subscription period will open on September 9, 2024, and close on September 11, 2024. Afterward, the allotment is expected to be finalized on Thursday, September 12, 2024. Finally, the IPO is tentatively set to list on the NSE SME on Monday, September 16, 2024. The allotment of Aditya Ultra Steel’s IPO date is September 12, 2024.
Table of contents
- Aditya Ultra Steel IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Aditya Ultra Steel IPO GMP (Grey Market Premium)
- Aditya Ultra Steel IPO Application Form PDF
- Aditya Ultra Steel IPO Subscription Status
- Aditya Ultra Steel IPO Allotment Status
- IPO Review
- Aditya Ultra Steel IPO Registrar
- Aditya Ultra Steel IPO Lead Manager
- Aditya Ultra Steel Limited Contact
- FAQs
Aditya Ultra Steel IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Aditya Ultra Steel Limited |
| Industry | Construction and Infrastructure Development |
| IPO Issue Type | Book Built Issue |
| Open Date | September 09, 2024 |
| Close Date | September 11, 2024 |
| Total Issue Size | ₹45.88 Crores(7,400,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹45.88 Crores(7,400,000 Equity Shares) |
| Price Band | ₹59 to ₹62 Per Share |
| Listing on | NSE SME |
| Lot Size | 2000 Shares |
| Offer for Sale | N/A |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Aditya Ultra Steel Limited, established in 2011, specializes in manufacturing rolled steel products, particularly TMT bars under the brand name “Kamdhenu.” Specifically, the company produces TMT bars from billets using a reheating furnace and rolling mill, primarily catering to the construction and infrastructure sectors. Its manufacturing facility, located in Wankaner, Gujarat, boasts a production capacity of 108,000 MT for TMT bars.
Additionally, Aditya Ultra Steel Ltd transitioned to a public limited company in 2018, supported by a team of experienced entrepreneurs with over 17 years in the steel industry. The TMT manufacturing plant, situated on 17 acres in Bhalgam, Rajkot District, produces TMT bars in sizes ranging from 8 mm to 32 mm. As of April 30, 2024, the company employs 149 full-time staff members, including executives.
Furthermore, The company reported revenue of ₹588.56 crores in 2024 against ₹530.49 crores in 2023. The company reported a profit of ₹7.92 crores in 2024 against a profit of ₹2.78 crores in 2023. As per the financials, the IPO investors should apply for the IPO for the long term.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Basis of Allotment | September 12, 2024 |
| Refunds | September 13, 2024 |
| Credit to Demat Account | September 13, 2024 |
| IPO Listing Date | September 16, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹147.52 | ₹97.34 | ₹9156620 |
| Revenue | ₹588.56 | ₹530.48 | ₹515.98 |
| Profit After Tax | ₹7.92 | ₹2776.60 | ₹4.88 |
| Net Worth | ₹37.58 | ₹28.65 | ₹2588199.99 |
| Reserves and Surplus | ₹31.28 | ₹27.39 | ₹24.62 |
| Total Borrowing | ₹54.27 | ₹49.84 | ₹46.95 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
The objective of the Issue
- To cover capital expenditure.
- To address working capital needs.
- As well as for general corporate purposes.
- To cover public issue expenses.
Company Promoters
- Mr. Varun Manojkumar Jain
- Mrs. Varuna Varun Jain
Aditya Ultra Steel IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Aditya Ultra Steel IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Aditya Ultra Steel Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Aditya Ultra Steel IPO Application Form PDF
To download the Aditya Ultra Steel IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Aditya Ultra Steel IPO Subscription Status
This IPO subscription kicks off on September 9, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Aditya Ultra Steel IPO Allotment Status
To check the Aditya Ultra Steel IPO allotment status go to the IPO registrar website Cameo Corporate or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company has demonstrated impressive revenue growth of 19.23% over the past three years.
- Additionally, it maintains an efficient cash conversion cycle of 41.92 days.
- Furthermore, the company excels in cash flow management, with a CFO/PAT ratio of 1.41.
- Moreover, it boasts a high promoter holding of 99.98%.
Risks:
- Additionally, The company has had a low EBITDA margin of 2.42% over the past 5 years.
Aditya Ultra Steel IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700/ 2846 0390
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Aditya Ultra Steel IPO Lead Manager
SWASTIKA INVESTMENT LIMITED
Flat No.18, 2nd Floor, North Wing,
Madhaveshwar Co-operative Housing Society Ltd,
Madhav Nagar, 11/12, S. V. Road, Andheri W, Mumbai – 400058
Phone: +91-07316644244
Email: merchantbanking@swastika.co.in
Website: www.swastika.co.in
Aditya Ultra Steel Limited Contact
ADITYA ULTRA STEEL LIMITED
Survey No-48, Wankarner Boudry, Bhalgam, National Highway
8-A, Wankaner, Rajkot, Wankaner, Gujarat-363621, India
Phone: +91-6357585716
E-mail: cs@aditya-ultra-steel.com
Website: www.aditya-ultra-steel.com
FAQs
Additionally, Aditya Ultra Stee’s IPO is a main-board issue, aiming to raise ₹45.88 crores. Specifically, the shares are priced between ₹59 and ₹62 each, and the IPO will be listed on NSE and SME.
However, The IPO is set to open for subscription on September 9, 2024, and will close on September 11, 2024, for QIB, NII, and retail investors.
The allocation for investors is 50% for QIBs, 15% for NIIs, and 35% for retail investors.
You can apply for Aditya Ultra Steel’s IPO either online through ASBA via your bank account or through UPI with your stock broker. Alternatively, you may also choose to apply by filling out the offline form through your stock broker.
The issue size for Aditya Ultra Steel is ₹45.88 crores.
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