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Aditya Ultra Steel IPO is a book built issue of Rs 45.88 crores. The issue is entirely a fresh issue of 74 lakh shares.
Aditya Ultra Steel IPO bidding started from September 9, 2024 and ended on September 11, 2024. The allotment for the Aditya Ultra Steel IPO is expected to be finalized on Thursday, September 12, 2024. Aditya Ultra Steel IPO will list on NSE SME with tentative listing date fixed as Monday, September 16, 2024.
Aditya Ultra Steel IPO price band is set at ₹59 to ₹62 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹248,000.
Swastika Investmart Ltd is the book running lead manager of the Aditya Ultra Steel IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Aditya Ultra Steel IPO is Sunflower Broking.
Refer to Aditya Ultra Steel IPO RHP for detailed information.
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹59 to ₹62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 7,400,000 shares (aggregating up to ₹45.88 Cr) |
| Fresh Issue | 7,400,000 shares (aggregating up to ₹45.88 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,435,568 |
| Share holding post issue | 24,835,568 |
| Market Maker portion | 370,000 shares Sunflower Broking |
Aditya Ultra Steel IPO offers 74,00,000 shares. 35,12,000 (47.46%) to QIB, 10,56,000 (14.27%) to NII, 24,62,000 (33.27%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 3,70,000 (5%) |
| 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%) |
Aditya Ultra Steel IPO opens on September 9, 2024, and closes on September 11, 2024.
| IPO Open Date | Monday, September 9, 2024 |
| IPO Close Date | Wednesday, September 11, 2024 |
| Basis of Allotment | Thursday, September 12, 2024 |
| Initiation of Refunds | Friday, September 13, 2024 |
| Credit of Shares to Demat | Friday, September 13, 2024 |
| Listing Date | Monday, September 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 11, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
| Lot Size Calculator | |||
Mr. Varun Manojkumar Jain and Mrs. Varuna Varun Jain are the promoters of the company.
| Share Holding Pre Issue | 97.94% |
| Share Holding Post Issue | 68.76% |
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 | |||||||||||||||||||||||||||
| Revenue | 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 Rs 153.98 Cr.
KPI as of March 31, 2024.
| 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 |
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...
The Aditya Ultra Steel IPO is subscribed 10.58 times on September 11, 2024 6:20:00 PM. 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) |
|---|---|
| QIB | 1.21 |
| NII | 12.16 |
| Retail | 23.26 |
| Total | 10.58 |
Total Application : 28,637 (23.26 times)
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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
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Aditya Ultra Steel IPO is a SME IPO of 7,400,000 equity shares of the face value of ₹10 aggregating up to ₹45.88 Crores. The issue is priced at ₹59 to ₹62 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 9, 2024, and closes on September 11, 2024.
Cameo Corporate Services Limited 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 Shares, and the minimum amount required is ₹124,000.
You can apply in Aditya Ultra Steel IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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