Aditya Ultra Steel’s IPO will open for subscription on September 9, 2024. The company aims for an issue size of ₹45.88 Cr through this IPO.
Company Overview
| Full name | Aditya Ultra Steel Limited |
| Sector | Iron & Steel |
| Industry | Steel & Iron Products |
| Company Website | https://www.aditya-ultra-steel.com/ |
About Company
Aditya Ultra Steel manufactures TMT bars under the Kamdhenu brand for the construction and infrastructure industries. The company uses a reheating furnace and rolling mill to produce TMT bars from billets. The company operates on a B2B basis, primarily serving customers in Gujarat. Aditya Ultra Steel is a manufacturing plant in Rajkot, Gujarat. As of June 2024, the company has an integrated production capacity of 1,08,000 metric tons for TMT Bars. The company operates at approximately 85% of its capacity due to high demand and operational efficiency.
The company is fully equipped and has witnessed significant growth in operational revenue, increasing from INR 145 crore in FY 2017-18 to INR 530.45 crore in FY 2023-24, showing a CAGR of around 40%. It supplies the TMT bars to 73 dealers and employs 149 full-time staff, including key managerial personnel as of 30 April 2024.
The Objectives of the Issue
- To meet Capital Expenditure
- To meet Working Capital Requirements
- General Corporate Purposes
- To meet the Public Issue Expenses
Aditya Ultra Steel IPO Timetable
| IPO Opening date | 09 September 2024 |
| IPO Closing | 11 September 2024 |
| Basis of Allotment | 12 September 2024 |
| Initiation Refund | 13 September 2024 |
| Credit to Demat Account | 13 September 2024 |
| Listing Date | 16 September 2024 |
Aditya Ultra Steel IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹45.88 Cr – 7,400,000 shares |
| Fresh Issue | ₹45.88 Cr – 7,400,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹59 to ₹62 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 370,000 shares |
| Shareholding pre-issue | 17,435,568 |
| Shareholding post-issue | 24,835,568 |
| Listing Exchange | NSE SME |
Aditya Ultra Steel 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 |
Aditya Ultra Steel Offer Documents
Aditya Ultra Steel IPO Reservation Details
| QIB Shares Offered | Not more than 50.00% of the Offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 35.00% of the Offer |
Aditya Ultra Steel Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 515.36 | 530.45 | 587.80 |
| Expenses | 508.83 | 526.70 | 577.84 |
| Net income | 4.89 | 2.78 | 7.92 |
Aditya Ultra Steel Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.86 | 1.63 | 4.62 |
| PE ratio | – | – | 12.77 – 13.42 |
| RONW (%) | 18.89 | 9.69 | 21.08 |
| NAV | 21.56 | 23.18 | 28.15 |
| ROCE (%) | 14.33 | 10.76 | 18.75 |
| EBITDA (%) | 2.12 | 1.86 | 3.06 |
| Debt/Equity | 1.81 | 1.74 | 1.44 |
Company Promoters
- Mr. Varun Manojkumar Jain
- Mrs. Varuna Varun Jain
Promoter Holding
| Pre Issue Share Holding | 97.94% |
| Post Issue Share Holding | 68.76% |
Aditya Ultra Steel Offer GMP Update
Coming Soon
Aditya Ultra Steel IPO Subscription Update
Coming Soon
Aditya Ultra Steel IPO Allotment Status
Aditya Ultra Steel IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Aditya Ultra Steel IPO Listing Details
| Listing Date | 16 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
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| Last Trade |
Aditya Ultra Steel IPO Lead Manager(s)
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 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
Contact Details
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
Aditya Ultra Steel IPO FAQs
What is the Aditya Ultra Steel offer size?
Aditya Ultra Steel’s offer size is ₹ 43.66 – 45.88 crores.
What is the Aditya Ultra Steel offer price band?
Aditya Ultra Steel’s public offer price is ₹ 59 – 62 per share.
What is the lot size of the Aditya Ultra Steel Offer?
Aditya Ultra Steel offers a lot size is 2,000 shares.
What is Aditya Ultra Steel Offer GMP today?
Aditya Ultra Steel IPO GMP today is ₹ NA per share.
What is the Aditya Ultra Steel kostak rate today?
Aditya Ultra Steel kostak rate today is ₹ NA per application.
What is Aditya Ultra Steel Subject to the Sauda rate today?
Aditya Ultra Steel is Subject to the Sauda rate today is ₹ NA per application.
Final thoughts
Aditya Ultra Steel IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
