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Aditya Ultra Steel IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

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Aditya Ultra Steel IPO

#1. Quick Intro to Aditya Ultra Steel IPO

The initial public offering (IPO) of Aditya Ultra Steel will open for subscription on September 09 and close on September 11, comprising issues of Rs.45.88 crore. An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on September 16, 2024.  

Aditya Ultra Steel Limited (2011) is engaged in the business of manufacturing rolled steel products i.e. TMT bars under the Kamdhenu brand catering mainly to the construction industry and for infrastructure development. The Company manufactures TMT bars from billets through a reheating furnace and rolling mill. The company has a history of more than 12 years in the manufacturing of TMT bars industry, designing and manufacturing TMT bars and selling it on a B2B Basis.

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#2. IPO Object of Aditya Ultra Steel    

The company intends to use the IPO Funds for the following purposes: 

  1. Funding capital expenditure
  2. Funding the working capital requirement of the company.
  3. General corporate purposes and issue expenses. 

#3. Aditya Ultra Steel Core Strengths 

  1. Existing customer relationship 
  2. Skilled and dedicated manpower
  3. The fit of a company-owned vehicle
  4. Experienced promoter director with extensive knowledge. 

#4. Aditya Ultra Steel IPO Review & Rating

Issue Size  Rs.45.88 crore
Issue Price  Rs.59-62 per share 
Minimum Lot Size 2000 Shares
Total Profit (Latest)  Rs.792.34 Lakhs
ROE (%) 23.92
RONW (%) 18.75
Listing on NSE (SME)
IPO Deliver Rating Two

 

#5. Aditya Ultra Steel IPO Dates, Price Band & Details

Aditya Ultra Steel IPO will open on September 09, 2024, and close on September 11, 2024. The IPO is to be listed on September 16, 2024.  

Type of issue Book Built issue IPO
Issue Size Rs.45.88 crore
Price Brand Rs.59-62 per share
Face Value Rs. 10/- per share
IPO Open Date September 09, 2024
IPO Close Date September 11, 2024
IPO Allotment Date September 12, 2024
Refund Date September 13, 2024
Share Credit Date September 13, 2024
Listing Date September 16, 2024

 

#6. Aditya Ultra Steel IPO Offer Details

Aditya Ultra Steel IPO’s total issue size is 74,00,000 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 74,00,000       Rs.45.88
Offer for Sale (OFS) – –

 

#7. Aditya Ultra Steel Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.

Category (Rs.) March 2024 March 2023 March 2022
Total Revenue 58956.29 53048.91 51598.34
Net Worth 3758.21 2865.86 2581.99
Profit 792.34 277.66 488.90
Total Borrowings 5427.07 4984.14 4695.12

 

#8. Aditya Ultra Steel Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022. 

Category March 2024 March 2023 March 2022
EPS (Rs.) 4.62 1.63 2.86
RoNW (%) 21.08 9.69 18.89
NAV (Rs.) 21.93 16.78 15.15

 

#9. Aditya Ultra Steel Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(In Lakhs)

 RoNW (%) NAV
Rathi Bars 61403.52 3.80 57.52
– – – –

 

#10. Aditya Ultra Steel Company Promoters 

The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).

Sr. No. Name of Promoters
01. Sunny Sunil Singhi
02. Varun Manojkumar Jain
03. Varuna Jain

 

Click here for the previous SME IPO

#11. Aditya Ultra Steel Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  97.94
Post-issue 68.76

 

#12. Aditya Ultra Steel IPO Reservation Details

Aditya Ultra Steel IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
QIB/others Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Net Offer

 

#13. Aditya Ultra Steel IPO – Lot Size

An investor can apply for a minimum of 2000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 2000 1,24,000
Retail (Max.) 1 2000 1,24,000
HNI (Min.) 2 4000 2,48,000

 

#14. Aditya Ultra Steel IPO – Prospectus Copy

An investor can download/view the Aditya Ultra Steel prospectus copy, which the company filed to exchange, details are as follows. 

Aditya Ultra Steel IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Aditya Ultra Steel IPO Registrar 

Cameo Corporate Services Limited 

Website: www.cameoindia.com

#16. Aditya Ultra Steel IPO Lead Managers

Swastika Investment Limited 

Website: www.swarstika.co.in

#17. Aditya Ultra Steel IPO Application (How to Apply for an IPO)

There are three primary options for applying for an Aditya Ultra Steel IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Aditya Ultra Steel Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Aditya Ultra Steel Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Aditya Ultra Steel Company Details

Aditya Ultra Steel Limited 

Registered Office: Survey No. 888/807/810, FP-25, 28, T808-C, Pinnacle Prahlad Nagar Area, Opp. Royal Arcade, Ahmedabad-380015

Email: cs@adityaultrasteel.com

Website: www.adityaultrasteel.com

#19. Aditya Ultra Steel Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01. –
02. –

 

#20. Aditya Ultra Steel Company Board (Top 2)

Sr. No. Name of Directors
01. Sunny Sunil Singhi
02. Varun Manojkumar Jain

 

Aditya Ultra Steel IPO – Frequently Asked Questions (FAQs)

#1. What is an Aditya Ultra Steel IPO?

Aditya Ultra Steel brings its IPO of Rs.45.88 crore, on September 09, 2024, with a price band of Rs.59-62 per share.

 

#2. What is the Aditya Ultra Steel IPO Open date?

Aditya Ultra Steel IPO’s opening date is September 09, 2024.

 

#3. What is the Aditya Ultra Steel IPO Close Date?

Aditya Ultra Steel IPO’s closing date is September 11, 2024.

 

#4. What is the Aditya Ultra Steel IPO Listing date?

Aditya Ultra Steel IPO listing date is September 16, 2024.

 

#5. What is the Aditya Ultra Steel IPO Minimum investment amount?

Aditya Ultra Steel IPO’s minimum investment amount is Rs.1,24,000.

 

#6. What is the Aditya Ultra Steel IPO offer issue Size?

Aditya Ultra Steel offers an issue size of Rs.45.88 crore.

 

#7. What is the Aditya Ultra Steel IPO Price Band?

Aditya Ultra Steel’s IPO price band is Rs.59-62 per share.

 

#8. Is Aditya Ultra Steel IPO mainboard IPO or SME IPO?

Aditya Ultra Steel IPO is an SME IPO.

 

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