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

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.

Aditya Ultra Steel IPO Objectives

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

1. To Meet Working Capital Requirement.
2. To meet the Public Issue Expenses
3. To meet the General Corporate Purposes; and
4. 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.

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.

Aditya Ultra Steel IPO Timeline

Aditya Ultra Steel IPO opens on September 9, 2024, and closes on September 11, 2024.