Aditya Ultra Steel Limited IPO (Aditya Ultra Steel IPO) Detail

When is the quarterly result expected? And where can we check expected quarterly result date online? Are they available on exchange website?

Hello all. Wanted to ask is it worth it to hold a lot of shares based on fundamentals? Any chances of this share to cross price of 65/- in recent time? Stuck!!

Any opinion on future trend of market price?

UC on Monday, 23.09: will it happen?

Ausl...hold or sell??

What lies in store for future? At what levels, LC will get removed and it will start trading normally?

anyone axis UPI got unblocked?

No anchor allotments and now
Pre open buyers and allottees trapped in big lc

Fundamentals?

Aditya Ultra Steel Ltd NSE SME IPO.
NSE Code:-                  
Symbol:-AUSL
Group:-ST
ISIN:-INE01YQ01013
Issue Price:-62/-
Market Lot:-2000 Shares
Face Value:-10/-
Listing At:-NSE SME

Today Lc what will be the chances of going to +50℅ level.

By default it is on hold...

12 तारीख को मेने पोस्ट किया हुआ ही है। 10:51 बजे।

GMP and expected listing price?

1 nii allotted. Will hold till double price target. Rajkot company definately will double price. ✌️

Allotment out on the site now. 0/1 in the Retail category. All the best to the allottees.

Allotment out in site

Removed from site

I have been applied and mandate processed and hold done in bank account but now in website its ahowing not valid. Please help as due to this i skipped aome ipos. Please help already mail put to cameo india. Any further can be done?

This could be a record low number of posts on last day of subscription.
Just 3 today.

Skipped. Not interested

Much Bigger , better play , recently listed VRAJ, going for a massive capex. available @ 30% discount , even after 15% gain yesterday. ( Day before yesterday - almost at IPO price. ) This Co is not even worth a thought.

Agreed, 100%. Promoters having fun in SME euphoria

Better allotment chances, company is good

So many Apply and May apply rated IPO conflicting with BHFL is making things tougher to decide. If someone wantsd to apply with all the funds in BHFL shareholders quota then need to miss all those SME and mainboard IPOs. Now it is decide on 11th at 1 pm game and stress based on subscription numbers😏🤔

In the LM/MM combo, MM appears much more positive than LM. No anchor allocation managed by the BRLM.

Co. mainly operates in TMT Bar segment, more so using Brand name of "Kamdhenu". Co. pays royalty at around Rs 300 per ton per month to Kamdhenu for usage of brand name. Kamdhenu which has a much more diverse portfolio but Aditya Steel is relatively tied to TMT in particular in certain parts of Gujarat. It also has group company VMS TMT Ltd that sells "Kamdhenu" brand to other parts of Gujarat other than Aditya Steel on the basis of MoU. Only one of the promoters mainly has steel industry experience, other have joined in from various other fields into the biz.

Around 70cr in contingent liabilities for bank guarantee of group company. Around 149 employees on payroll currently.

Company is operating at around 86% capacity which is the max for around 3 years now. (Total 1.08 lakh MT capacity) Because of this they have started doing third party contract manufacturing to cater to their operations. Despite being in operations from 2018 when the first came in for IPO, the top line has been growing moderately, accruing to some extent to the cyclical nature of biz but surprisingly in FY24 trade receivables have grown 4x YoY. Doing third party manufacturing has actually boosted bottom line with around 3x increase in PAT as well.

The very reason why company is looking to save more on costs instead of increasing capacity and has 15 cr allocated from IPO proceeds to install Solar Plant to save on electricity costs which should reflect in financials by year end. Around 15 cr is being used for working capital which project 726 cr revenue FY25, suggesting 23% increase which they have taken a base for their growth from 2018 onwards when they did around 145 cr in revenues. Recently in last couple of years growth has been tepid and in and around 7%.

Priced at 19 P/E, where peers trade at : Rathi Bars (19 P/E), Manglam Worldwide (16 P/E). Peers have almost similar to better revenues and margins and the pricing has not left much on the table.

Even with QIB interest might be difficult to gather momentum in short term due to pressure in overall sector and relative pricing. Brand benefit might be visible but for limited time period and more or less becomes a long term bet.

प्रमोटर बनिया है। मेरे हिसाब से "मुझ पर कोई कर्जा नही होना चाहिए" - उसकी सोच मेरे जैसी लगती है। नगद हाथ पर हो तभी केपेसिटी बढ़ाना चाहते होंगे।

ऐसा हो सकता है, काम काजी कैश फ्लो बढ़ता हुआ दिख रहा है, पर तब तक थर्ड पार्टी पे भरोसा करके काम करना, मार्जिन बढ़ने में मदद नहीं कर सकेगा भले ही बिक्री ज़्यादा हो |@KISHANKUMAR VACHHANI