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Aditya Ultra Steel IPO vs Gajanand International IPO

Comparison between Aditya Ultra Steel IPO and Gajanand International IPO.

IPO Details

Aditya Ultra Steel IPO is a SME Fixed Price IPO proposed to list at NSE SME while Gajanand International IPO is a SME Fixed Price proposed to list at NSE SME.

 Aditya Ultra Steel IPOGajanand International IPO
LogoAditya Ultra Steel IPO LogoGajanand International IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Novus Capital Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aditya Ultra Steel IPO is up to ₹43.59 Cr whereas the issue size of the Gajanand International IPO is up to ₹19.61 Cr. The final issue price of Aditya Ultra Steel IPO is ₹62.00 per share and of Gajanand International IPO is ₹36.00 per share.

 Aditya Ultra Steel IPOGajanand International IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹59.00 per share
Issue Price (Upper)₹62.00 per share
Issue Price (Final)₹62.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares3000 shares
Fresh Issue Size70,30,000 shares54,48,000 shares
Fresh Issue Size (Amount)up to ₹43.59 Crup to ₹19.61 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total70,30,000 shares54,48,000 shares
Issue Size Total (Amount)up to ₹43.59 Crup to ₹19.61 Cr

IPO Timetable

Aditya Ultra Steel IPO opens on Sep 09, 2024, while Gajanand International IPO opens on Sep 09, 2024. The closing date of Aditya Ultra Steel IPO and Gajanand International IPO is Sep 11, 2024, and Sep 11, 2024, respectively.

 Aditya Ultra Steel IPOGajanand International IPO
Issue OpenSep 09, 2024Sep 09, 2024
Issue CloseSep 11, 2024Sep 11, 2024
Basis Of Allotment (Tentative)Sep 12, 2024Sep 12, 2024
Initiation of Refunds (Tentative)Sep 13, 2024Sep 13, 2024
Credit of Share (Tentative)Sep 13, 2024Sep 13, 2024
Listing date (Tentative)Sep 16, 2024Sep 16, 2024

Financials & KPIs

Aditya Ultra Steel IPO P/E ratio is 13.64, as compared to Gajanand International IPO P/E ratio of 21.08.

 Aditya Ultra Steel IPOGajanand International IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets147.5297.3591.57
Total Income588.56530.49515.98
Profit After Tax7.922.784.89
NET Worth37.5828.6625.88
Reserves and Surplus31.2927.4024.62
Total Borrowing54.2749.8446.95
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets39.3119.0119.44
Total Income108.7573.4261.76
Profit After Tax2.241.410.03
NET Worth17.715.484.07
Reserves and Surplus4.615.063.65
Total Borrowing12.0711.7914.65
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.94%90.5%
Promoter Shareholding (Post-Issue)68.76%62.34%
P/E Ratio13.6421.08
Market Cap₹153.98 Cr.₹67.81 Cr.
ROE23.9219.30
ROCE18.7529.72
Debt/Equity1.440.68
EPS₹4.54₹1.71
RoNW21.0819.30

Shares Offered

In the Aditya Ultra Steel IPO Retail Individual Investors (RII) are offered 24,62,000 shares while in Gajanand International IPO retail investors are offered 24,62,000 shares. Qualified Institutional Buyers (QIB) are offered 35,12,000 shares in Aditya Ultra Steel IPO and in Gajanand International IPO.

 Aditya Ultra Steel IPOGajanand International IPO
Market Maker Reservation3,70,000 shares2,88,000 shares
QIB35,12,000 shares
NII10,56,000 shares27,24,000 shares
RII24,62,000 shares27,24,000 shares
Total70,30,000 shares54,48,000 shares

Bids Received (Subscription)

Aditya Ultra Steel IPO subscribed 10.58x in total, whereas Gajanand International IPO subscribed 14.98x.

 Aditya Ultra Steel IPOGajanand International IPO
QIB (times)1.21x
NII (times)12.16x5.79x
RII (times)23.26x24.18x
Total (times)10.58x14.98x

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Compare:

Aditya Ultra Steel IPO Vs Gajanand International IPO