Aditya Ultra Steel Limited manufactures rolled steel products, i.e. TMT bars, under the brand name “Kamdhenu”.
The company manufactures TMT bars from billets in a reheating furnace and a rolling mill, mainly catering to the construction industry and infrastructure development. The company’s manufacturing facility is located in Wankaner, Gujarat and has a production capacity of 1,08,000 MT for TMT bars.
As of April 30, 2024, the company employed a total of 149 full-time employees, including executives.
Aditya Ultra Steel IPO – Details
| IPO Opening Date | 09 September 2024 |
| IPO Closing Date | 11 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 74,00,000 Shares Worth ₹45.88 Crore Fresh Issue: 74,00,000 Shares Worth ₹45.88 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹59 – ₹62 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Cameo Corporate Services Limited |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Aditya Ultra Steel IPO – Date Schedule
| IPO Open Date | 09 September 2024 |
| IPO Close Date | 11 September 2024 |
| Basis of Allotment | 12 September 2024 |
| Initiation of Refund | 13 September 2024 |
| Credit of Shares to Demat Account | 13 September 2024 |
| IPO Listing Date | 16 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 11, 2024 |
Aditya Ultra Steel IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,24,000 |
| Retail (Max) | 1 | 2000 | ₹1,24,000 |
| HNI (Min) | 2 | 4000 | ₹2,48,000 |
Competitive Strengths
- Qualified and experienced management team.
- Skilled and dedicated manpower.
- Strategically located Manufacturing Plant.
- Existing customer relationship.
- Cordial relationship between management and labor.
- Flit of Company Owned Vehicle.
Company Promoters
- Mr. Varun Manojkumar Jain
- Mrs. Varuna Varun Jain
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 515.98 | 508.82 | 4.88 | 46.95 |
| 31 March 2023 | 530.48 | 526.70 | 2.77 | 49.84 |
| 31 March 2024 | 588.56 | 577.84 | 7.92 | 54.27 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.92% |
| ROCE | 18.75% |
| Debt/Equity | 1.44 |
| RoNW | 21.08% |
| P/BV | 2.83 |
| PAT Margin (%) | 1.35 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.54 | 3.19 |
| P/E (x) | 13.64 | 19.43 |
Object 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 Promoter Holding
| Pre Issue Share Holding | 97.94% |
| Post Issue Share Holding | 68.76% |
Aditya Ultra Steel IPO Prospectus
Company Contact Information
| 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- 380 015 Phone: 079 – 4890 1470 Email: cs@adityaultrasteel.com Website: http://www.adityaultrasteel.com/ |
Aditya Ultra Steel IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
Aditya Ultra Steel IPO Lead Manager(s)
| 1. Swastika Investmart Ltd |
Aditya Ultra Steel IPO FAQs
| What is Aditya Ultra Steel IPO? Aditya Ultra Steel IPO is a SME IPO. The issue is priced at ₹59 and ₹62 per equity share. The IPO is to be listed on NSE SME. |
| When Aditya Ultra Steel IPO will open? The IPO is to open on 09 September 2024 for QIB, NII, and Retail Investors. |
| What is Aditya Ultra Steel IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Aditya Ultra Steel IPO? You can apply Aditya Ultra Steel IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Aditya Ultra Steel IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Aditya Ultra Steel IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Aditya Ultra Steel IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Aditya Ultra Steel IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Aditya Ultra Steel IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Aditya Ultra Steel IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Aditya Ultra Steel IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Aditya Ultra Steel IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Aditya Ultra Steel IPO Size? Aditya Ultra Steel IPO size is ₹45.88 Crore. |
| What is Aditya Ultra Steel IPO Price Band? Aditya Ultra Steel IPO Price Band is ₹59 – ₹62. |
| What is Aditya Ultra Steel IPO Minimum and Maximum Lot Size for retail? The minimum bid is 2000 Shares with ₹1,24,000 amount while the maximum bid is 2000 Shares with ₹1,24,000. |
| What is the Aditya Ultra Steel IPO Allotment Date? Aditya Ultra Steel IPO allotment date is 12 September 2024. |
| What is the Aditya Ultra Steel IPO Listing Date? Aditya Ultra Steel IPO listing date is 16 September 2024. The IPO is to be listed on NSE SME. |
