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 |
