Aditya Ultra Steel IPO Details: Aditya Ultra Steel’s IPO will open on September 9, 2024, and close on September 11, 2024. This IPO is a Book Built Issue, aiming to raise approximately ₹45.88 crores. The issue comprises a fresh issue of ₹45.88 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The IPO price band is set between ₹59 and ₹62 per share, with a retail quota of 35%, QIB allocation at 50%, and HNI allocation at 15%. Aditya Ultra Steel is scheduled to be listed on the NSE on September 16, 2024, with the IPO allotment date set for September 12, 2024.
In terms of financial performance, the company reported a revenue of ₹588.56 crores in 2024, up from ₹530.49 crores in 2023. The profit also increased from ₹2.78 crores in 2023 to ₹7.92 crores in 2024. Given these financials, the IPO presents a compelling opportunity for long-term investors.
Aditya Ultra Steel IPO Objectives:
The company intends to use the net proceeds from the issue towards these objectives:
- To meet Capital Expenditure
- To meet Working Capital Requirements
- General Corporate Purposes
- To meet the Public Issue Expenses
Aditya Ultra Steel IPO Review (Apply or Not)
- Apply
Aditya Ultra Steel IPO Date & Price Band Details:
| IPO Open Date: | September 9, 2024 |
| IPO Close Date: | September 11, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹59 to ₹62 Per Share |
| Issue Size: | Approx ₹45.88 crore |
| Fresh Issue: | Approx ₹45.88 crore |
| Offer for Sale: | NA |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Aditya Ultra Steel IPO Lot Size:
The minimum market lot for the Aditya Ultra Steel IPO is 2,000 shares, requiring an application amount of ₹1,24,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹1,24,000 |
| Retail Maximum | 1 | 2000 | ₹1,24,000 |
| HNI Minimum | 2 | 4000 | ₹2,48,000 |
Aditya Ultra Steel IPO Timeline:
The Aditya Ultra Steel IPO is set to open on September 9 and close on September 11. The allotment of shares will be finalized on September 12, and the IPO is scheduled to be listed on the stock exchange on September 16.
| IPO Open Date: | September 9, 2024 |
| IPO Close Date: | September 11, 2024 |
| Basis of Allotment: | September 12, 2024 |
| Refunds: | September 13, 2024 |
| Credit to Demat Account: | September 13, 2024 |
| IPO Listing Date: | September 16, 2024 |
Promoters of Aditya Ultra Steel
The company is promoted by Sunny Sunil Singhi, Varun Manojkumar Jain, and Varuna Jain.
About Aditya Ultra Steel
Aditya Ultra Steel Ltd specializes in the production of TMT bars. Established in 2011, the company was converted into a public limited company in 2018. It is supported by a team of young and seasoned entrepreneurs with over 17 years of experience in the steel industry.
The company’s TMT manufacturing plant is located in Bhalgam, Rajkot District, spanning 17 acres of land. They produce TMT bars in various sizes, including 8 mm, 10 mm, 12 mm, 16 mm, 20 mm, 25 mm, and 32 mm. The plant currently has a production capacity of approximately 1,08,000 MT for TMT bars.
Aditya Ultra Steel IPO GMP Today:
The last Grey Market Premium (GMP) for Aditya Ultra Steel SME IPO is ₹0, as of September 5, 2024, at 08:30 PM. With a price band set at ₹62, the estimated listing price is ₹62 (cap price + today’s GMP). Therefore, the expected percentage gain or loss per share is 0.00%.
Aditya Ultra Steel Company Financial Report
The company reported revenue of ₹588.56 crores in 2024 against ₹530.49 crores in 2023. The company reported a profit of ₹2.80 crores in 2024 against a loss of ₹1.01 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹515.98 | ₹508.83 | ₹4.89 | ₹91.57 |
| 2023 | ₹530.49 | ₹526.70 | ₹1.01 | ₹97.35 |
| 2024 | ₹588.56 | ₹577.84 | ₹2.80 | ₹147.52 |
Aditya Ultra Steel IPO Valuation – FY2024
Check Aditya Ultra Steel IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 23.92 % |
| ROCE: | 18.75 % |
| EBITDA Margin: | 3.06% |
| PAT Margin: | 1.35% |
| Debt to equity ratio: | 1.44 |
| Earning Per Share (EPS): | ₹4.62 (Basic) |
| Price/Earning P/E Ratio: | 4.62 |
| Return on Net Worth (RoNW): | 21.08% |
| Net Asset Value (NAV): | ₹28.15 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Aditya Ultra Steel | 4.62 | NA | 16.33% | 28.15 | 587.80 Cr. |
| Rathi Bars Limited | (2.19) | 15.93 | 3.80% | 57.52 | 614.04 Cr. |
| Mangalam Worldwide Limited | (7.78) | 16.77 | 11.68% | 66.21 | 818.11 Cr. |
Aditya Ultra Steel IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-40020700/ 2846 0390
Email: ipo@cameoindia.com
Website: www.cameoindia.com
IPO Lead Managers aka Merchant Bankers
- Swastika Investment Limited
Company Address
Aditya Ultra Steel Limited
Survey No-48, Wankarner Boudry, Bhalgam, National Highway
8-A, Wankaner, Rajkot, Wankaner, Gujarat-363621, India
Phone: +91-6357585716
E-mail: cs@aditya-ultra-steel.com
Website: www.aditya-ultra-steel.com
Aditya Ultra Steel IPO FAQs
What are the opening and closing dates of the Aditya Ultra Steel IPO?
The Aditya Ultra Steel IPO opens on September 9, 2024, and closes on September 11, 2024.
What is the price band for the Aditya Ultra Steel IPO?
The price band for the Aditya Ultra Steel IPO is set between ₹59 and ₹62 per share.
What is the minimum investment required for the Aditya Ultra Steel IPO?
The minimum market lot is 2,000 shares, requiring an application amount of ₹1,24,000.
When will the allotment for the Aditya Ultra Steel IPO be finalized?
The allotment for the Aditya Ultra Steel IPO is scheduled to be finalized on September 12, 2024.
On which stock exchange will Aditya Ultra Steel IPO be listed, and when?
The Aditya Ultra Steel IPO is set to be listed on the NSE on September 16, 2024.
What is the Grey Market Premium (GMP) for Aditya Ultra Steel IPO?
As of September 5, 2024, the last reported GMP for the Aditya Ultra Steel IPO is ₹0.
Who are the promoters of Aditya Ultra Steel?
The promoters of the company are Sunny Sunil Singhi, Varun Manojkumar Jain, and Varuna Jain.
What is the total issue size of the Aditya Ultra Steel IPO?
The total issue size is approximately ₹45.88 crores, comprising a fresh issue of ₹45.88 crores and an offer for sale of up to [.] equity shares.
How are the shares allocated for different investor categories in the Aditya Ultra Steel IPO?
The retail portion is allocated 35%, Qualified Institutional Buyers (QIB) are allocated 50%, and High Net-worth Individuals (HNI) are allocated 15%.
What is the financial performance of Aditya Ultra Steel?
In 2024, the company reported a revenue of ₹588.56 crores and a profit of ₹7.92 crores, compared to a revenue of ₹530.49 crores and a profit of ₹2.78 crores in 2023.
What is the estimated listing price of the Aditya Ultra Steel IPO?
Based on the current GMP of ₹0 and the cap price of ₹62, the estimated listing price is ₹62.
What is Aditya Ultra Steel Ltd’s business model?
Aditya Ultra Steel Ltd is engaged in the production of TMT bars with a manufacturing plant located in Bhalgam, Rajkot District. The company has a production capacity of around 1,08,000 MT for TMT bars.
