Aditya Ultra Steel IPO 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 Market Lot
The Aditya Ultra Steel IPO minimum market lot is 2000 shares with ₹1,24,000 application amount.
| 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 Dates
The Aditya Ultra Steel IPO date is September 9 and the close date is September 11. The Aditya Ultra Steel IPO allotment will be finalized on September 12 and the IPO listing 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 promoters of the company are Sunny Sunil Singhi, Varun Manojkumar Jain and Varuna Jain.
About Aditya Ultra Steel
Aditya Ultra Steel Ltd is a company that produces TMT bars. The organization began its operations in 2011 and was later transformed into a public limited company in 2018. The company is backed by a group of young and experienced entrepreneurs who have spent way over 17 years in the steel sector.
The TMT manufacturing plant is located at Bhalgam in Rajkot District and is compacted into 17 acres of land. They manufacture sizes of TMT bars that include 8 mm, 10 mm, 12 mm, 16 mm, 20 mm, 25 mm and 32 mm. As of now, this firm has an overall capacity to produce about 1,08,000 MT for TMT bars.
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. |
Objects of the Issue
- Capital Expenditure
- To Meet Working Capital Requirements
- General Corporate Purposes
- To meet Public Issue Expenses
Aditya Ultra Steel IPO Review
- IPO Watch – May Apply
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Aditya Ultra Steel IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-40020700/ 2846 0390
Email: [email protected]
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: [email protected]
Website: www.aditya-ultra-steel.com
Aditya Ultra Steel IPO FAQs
What is Aditya Ultra Steel IPO?
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What is the Aditya Ultra Steel IPO Listing Date?
Note: The Aditya Ultra Steel IPO price band and date are officially announced. The (Aditya Ultra Steel IPO grey market premium) will be added to the IPO GMP page as it will start).
One Response
Hi Tarun,
Its not started yet.