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Aditya Ultra Steel IPO is a book build issue of ₹45.88 crores. The issue is entirely a fresh issue of 0.74 crore shares of ₹45.88 crore.
Aditya Ultra Steel IPO bidding started from Sep 9, 2024 and ended on Sep 11, 2024. The allotment for Aditya Ultra Steel IPO was finalized on Sep 12, 2024. The shares got listed on NSE SME on Sep 16, 2024.
Aditya Ultra Steel IPO price band is set at ₹62.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,18,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,48,000.
Swastika Investmart Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Aditya Ultra Steel IPO RHP for detailed Information.
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | September 16, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹59 to ₹62 per share |
| Issue Price Final | ₹62 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 74,00,000 shares (aggregating up to ₹45.88 Cr) |
| Reserved for Market Maker | 3,70,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹2.29 Cr) |
| Net Offered to Public | 70,30,000 shares (aggregating up to ₹43.59 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,74,35,568 shares |
| Share Holding Post Issue | 2,48,35,568 shares |
Aditya Ultra Steel IPO offers total 74,00,000 shares. Out of which 35,12,000 (47.46%) allocated to QIB, 10,56,000 (14.27%) allocated to NII, 24,62,000 (33.27%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,70,000 (5.00%) |
| QIB Shares Offered | 35,12,000 (47.46%) |
| NII (HNI) Shares Offered | 10,56,000 (14.27%) |
| Retail Shares Offered | 24,62,000 (33.27%) |
| Total Shares Offered | 74,00,000 (100.00%) |
Aditya Ultra Steel IPO opens on September 9, 2024, and closes on September 11, 2024.
| IPO Open Date | Mon, Sep 9, 2024 |
| IPO Close Date | Wed, Sep 11, 2024 |
| Tentative Allotment | Thu, Sep 12, 2024 |
| Initiation of Refunds | Fri, Sep 13, 2024 |
| Credit of Shares to Demat | Fri, Sep 13, 2024 |
| Tentative Listing Date | Mon, Sep 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 11, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,24,000 |
| Retail (Max) | 1 | 2,000 | ₹1,24,000 |
| HNI (Min) | 2 | 4,000 | ₹2,48,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Aditya Ultra Steel Limited, founded in 2011, 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 Limited's revenue increased by 11% and profit after tax (PAT) rose by 185% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 14,752.33 | 9,734.65 | 9,156.62 |
| Total Income | 58,856.29 | 53,048.91 | 51,598.34 |
| Profit After Tax | 792.34 | 277.66 | 488.9 |
| Net Worth | 3,758.21 | 2,865.86 | 2,588.2 |
| Reserves and Surplus | 3,128.6 | 2,739.81 | 2,462.15 |
| Total Borrowing | 5,427.07 | 4,984.14 | 4,695.12 |
| Amount in ₹ Lakhs | |||
The market capitalization of Aditya Ultra Steel IPO is ₹153.98 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 23.92% |
| ROCE | 18.75% |
| Debt/Equity | 1.44 |
| RoNW | 21.08% |
| PAT Margin | 1.35% |
| Price to Book Value | 2.83 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.54 | 3.19 |
| P/E (x) | 13.64 | 19.43 |
The company intends to use the net proceeds from the issue towards these objectives:
[Dilip Davda] The company enjoys the benefit of its tie up with KMIL and use of its popular Kamdhenu Brand has helped it to create a niche place in TMT bars market with B2B model. It suffered a setback for FY23 in line with adverse conditions in the market with higher coal prices and lower steel prices. Since the things are reversed and it has added capacities, it earned better margins for FY24. Based on concluded fiscal earnings, the issue appears fully priced. Investors may park funds for the medium to long term. Read detail review...
| Listing Date | September 16, 2024 |
| BSE Script Code | |
| NSE Symbol | AUSL |
| ISIN | INE01YQ01013 |
| Final Issue Price | ₹62 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹62.00 |
| Open | ₹69.90 |
| Low | ₹66.40 |
| High | ₹72.00 |
| Last Trade | ₹66.40 |
Aditya Ultra Steel Ltd.
Survey No.888/807/810, FP-25,28,T 808-C,
Pinnacle, Prahlad Nagar Area,
Opp. Royal Arcade, AUDA Garden, Ahmedabad- 380 015
Ahmedabad, Gujarat
Phone: 079 - 4890 1470
Email: cs@adityaultrasteel.com
Website: http://www.adityaultrasteel.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Aditya Ultra Steel IPO is a SME IPO of 74,00,000 equity shares of the face value of ₹10 aggregating up to ₹45.88 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000.
The IPO opens on September 9, 2024, and closes on September 11, 2024.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Aditya Ultra Steel IPO using UPI as a payment gateway. Zerodha customers can apply in Aditya Ultra Steel IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aditya Ultra Steel IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aditya Ultra Steel IPO opens on September 9, 2024 and closes on September 11, 2024.
Aditya Ultra Steel IPO lot size is 2000, and the minimum amount required for application is ₹1,24,000.
You can apply in Aditya Ultra Steel IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aditya Ultra Steel IPO will be done on Thursday, September 12, 2024, and the allotted shares will be credited to your demat account by Friday, September 13, 2024. Check the Aditya Ultra Steel IPO allotment status.
The Aditya Ultra Steel IPO listing date is on Monday, September 16, 2024.
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