Bookbuilding IPO | ₹46 Cr | Listed at NSE SME | Mon, Sep 9, 2024 - Wed, Sep 11, 2024
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 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,24,000 (2000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 9, 2024
IPO Close
Wed, Sep 11, 2024
Issue Price
₹62 per share
Market Cap (Pre-IPO)
₹153.98 Cr
| IPO Date | 9 to 11 Sep, 2024 |
| Listed on | Mon, Sep 16, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹59 to ₹62 |
| Issue Price | ₹62 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 74,00,000 shares (agg. up to ₹46 Cr) |
| Reserved for Market Maker | 3,70,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 70,30,000 shares (agg. up to ₹44 Cr) |
| Net Offered to Public | 70,30,000 shares (agg. up to ₹44 Cr) |
| Share Holding Pre Issue | 1,74,35,568 shares |
| Share Holding Post Issue | 2,48,35,568 shares |
| NSE Symbol | AUSL |
| ISIN | INE01YQ01013 |
Aditya Ultra Steel IPO comprises a total issue size of 74,00,000 shares. The net offer to the public is 70,30,000 shares, after excluding 3,70,000 shares allotted on a firm basis. Of the Net offer 35,12,000 (49.96%) are allocated to QIB, 10,56,000 (15.02%) allocated to NII 24,62,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 35,12,000 | 49.96% | 47.46% |
| NII (HNI) Shares Offered | 10,56,000 | 15.02% | 14.27% |
| Retail Shares Offered | 24,62,000 | 35.02% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,70,000 | 5.00% | |
| Total Shares Offered | 74,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 147.52 | 97.35 | 91.57 |
| Total Income | 588.56 | 530.49 | 515.98 |
| Profit After Tax | 7.92 | 2.78 | 4.89 |
| NET Worth | 37.58 | 28.66 | 25.88 |
| Reserves and Surplus | 31.29 | 27.40 | 24.62 |
| Total Borrowing | 54.27 | 49.84 | 46.95 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 15.35 |
| 2 | To Meet Working Capital Requirements | 15.00 |
| 3 | General Corporate Purpose | 11.46 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 4.54 | 3.19 |
| P/E (x) | 13.64 | 19.43 |
| Promoter Holding | 97.94% | 68.76% |
| Market Cap | ₹153.98 Cr. |
The Aditya Ultra Steel IPO is subscribed 10.58 times on September 11, 2024 6:20:00 PM (Day 3). The public issue subscribed 23.26 times in the retail category, 1.21 times in the QIB category, and 12.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.21 | 35,12,000 | 42,46,000 |
| NII* | 12.16 | 10,56,000 | 1,28,46,000 |
| Retail | 23.26 | 24,62,000 | 5,72,74,000 |
| Total | 10.58 | 70,30,000 | 7,43,66,000 |
Total Application : 28,637
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting Commission | 0.20 |
| 2 | Legal Advisor to Issue | 0.04 |
| 3 | Fees Payable to Registrar to the Issue | 0.01 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.05 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.15 |
| 8 | Escrow Bank Fees | 0.01 |
| 9 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 3.55 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹62.00 |
| Open | ₹69.90 |
| Low | ₹66.40 |
| High | ₹72.00 |
| Last Trade | ₹66.40 |
Lead Manager Reports
Aditya Ultra Steel IPO is a SME IPO of 74,00,000 equity shares of the face value of ₹10 aggregating up to ₹46 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Sep 9, 2024, and closes on Wed, Sep 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 Mon, Sep 9, 2024 and closes on Wed, Sep 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 Fri, Sep 13, 2024. Check the Aditya Ultra Steel IPO allotment status.
The Aditya Ultra Steel IPO listing date is on Mon, Sep 16, 2024.
