Aditya Ultra Steel Limited IPO

NiftyTrader • September 9, 2024

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Aditya Ultra Steel Limited IPO

Aditya Ultra Steel Limited IPO opens on September 9, 2024, and closes on September 11, 2024. The allotment for the Aditya Ultra Steel Limited IPO is anticipated to be completed on Thursday, September 12, 2024. The IPO will be tentatively listed on the NSE and SME on Monday, September 16, 2024.

Aditya Ultra Steel Limited IPO’s price band is Rs 59 to Rs 62 per share. The 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 Details

IPO Date	September 9, 2024 to September 11, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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
Shareholding pre-issue	17,435,568
Shareholding post-issue	24,835,568
Market Maker portion	370,000 shares

Aditya Ultra Steel IPO Lot Size

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
S-HNI (Min)	2	4000	₹248,000

Aditya Ultra Steel IPO Objectives

The company intends to use the net proceeds from the issue towards these objectives:

To Meet Working Capital Requirement.
To meet the Public Issue Expenses
To meet the General Corporate Purposes; and
To meet Capital Expenditure

About Aditya Ultra Steel Limited

Aditya Ultra Steel Limited, established in 2011, produces rolled steel products, specifically TMT bars under the brand “Kamdhenu.” The company operates a facility in Wankaner, Gujarat, with an annual production capacity of 108,000 MT for TMT bars, serving the construction and infrastructure sectors. As of April 30, 2024, Aditya Ultra Steel employs 149 full-time staff.

Aditya Ultra Steel Limited Financial Information

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

Aditya Ultra Steel IPO Reservation

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 Timeline

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
A 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