Aditya Ultra Steel Limited
Aditya Ultra Steel Limited(AUSL)
Total Shares
74,00,000
Issue Size
₹45.88 Cr
Price Band
₹59 – ₹62
Lot Size
2000 shares
Min. Investment
₹1,24,000
Max. Investment
₹1,24,000
Open Date
09 Sep, 2024
Close Date
11 Sep, 2024
Allotment
12 Sep, 2024
Listing
16 Sep, 2024
Max. Investment
₹1,24,000
Announced
09 Sep, 2024
Opening Date
09 Sep, 2024
Closing Date
11 Sep, 2024
Basis of Allotment
12 Sep, 2024
Initiation of Refunds
13 Sep, 2024
Credit of Shares
13 Sep, 2024
Listing Date
16 Sep, 2024
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About Aditya Ultra Steel Limited IPO
Aditya Ultra Steel Limited, founded in 2011, manufactures rolled steel products, i.e. TMT bars, under the brand name Kamdhenu.
The company manufactures TMT bars from billets in a reheating furnace and a rolling mill, mainly catering to the construction industry and infrastructure development. The company's manufacturing facility is located in Wankaner, Gujarat and has a production capacity of 1,08,000 MT for TMT bars.
As of April 30, 2024, the company employed a total of 149 fu
Aditya Ultra Steel Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 42.4% increase in shares
Aditya Ultra Steel Limited IPO Financials Health
Aditya Ultra Steel Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,24,000 |
| Retail Maximum | 1 | 2000 | ₹1,24,000 |
| HNI Minimum | 2 | 4000 | ₹2,48,000 |
(All values in CR)
Aditya Ultra Steel Limited IPO Valuation
| Metric | Value |
|---|---|
| Debt/Equity | 1.44 |
| EPS Post IPO | 3.19 |
| EPS Pre IPO | 4.54 |
| P/BV | 2.83 |
| P/E Post IPO | 19.43 |
| P/E Pre IPO | 13.64 |
| PAT Margin (%) | 1.35 |
| ROCE | 18.75% |
| ROE | 23.92% |
| RoNW | 21.08% |
(All values in CR)
Strength & Risk of Aditya Ultra Steel Limited IPO
1. Qualified and experienced management team.
2. Skilled and dedicated manpower.
3. Strategically located Manufacturing Plant.
4. Existing customer relationship.
5. Cordial relationship between management and labour.
6. Flit of Company Owned Vehicle.
1. Business of the Company is dependent on Kamdhenu Brand.
2. The company has given corporate guarantee in relation to certain debt facilities to its group company which if claimed, may requires the company to pay the guaranteed amount.
3. Almost entire operations of the Company is limited in the state of Gujarat. Any adverse development affecting its operations in this region could have an adverse impact on its business, financial condition and results of operations.
4. Its Managing Director Mr. Sunny Sunil Singhi has limited experience in the steel industry in which the Company is operating.
5. The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.
6. The Company is dependent on a few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.
7. Its business is dependent on the company manufacturing facility. The loss of or shutdown of operations of its manufacturing facility may have a material adverse effect on the company's business, financial condition and results of operations.
8. Steel Manufacturing Plants involve hazardous processes that can cause personal injury and loss of life, severe damage to and destruction of property and equipment, which could result in incurring material liabilities, loss of revenues and increased expenses.
9. The company will continue to be controlled by its Promoters after the completion of the Issue.
10. The Company has not entered into any agreements/ contracts for the supply of raw material and other utilities. Risks related to shortfall or non- availability of raw material and other utilities may adversely affect its manufacturing processes and have an adverse impact on its operations and financial condition.
Aditya Ultra Steel Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| HNI | 12.49 | 10,56,000 | 1,31,92,000 | 81.79 |
| Market Maker | 1.00 | 3,70,000 | 3,70,000 | 2.29 |
| QIB | 1.21 | 35,12,000 | 42,46,000 | 26.33 |
| Retail | 22.70 | 24,62,000 | 5,58,90,000 | 346.52 |
| Total | 10.43 | 70,30,000 | 7,33,28,000 | 454.63 |
Aditya Ultra Steel Limited IPO GMP
Last updated 06 Sep, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 06 Sep, 2024 | 62 | ₹0 | -- | ₹62 (0.00%) | - | 06 Sep, 2024 |
| 09 Sep, 2024 | 62 | ₹0 | -- | ₹62 (0.00%) | - | 09 Sep, 2024 |
| 10 Sep, 2024 | 62 | ₹0 | -- | ₹62 (0.00%) | - | 10 Sep, 2024 |
| 11 Sep, 2024 | 62 | ₹0 | -- | ₹62 (0.00%) | - | 11 Sep, 2024 |
| 12 Sep, 2024 | 62 | ₹0 | -- | ₹62 (0.00%) | - | 12 Sep, 2024 |
| 13 Sep, 2024 | 62 | ₹0 | -- | ₹62 (0.00%) | - | 13 Sep, 2024 |
| 14 Sep, 2024 | 62 | ₹0 | -- | ₹62 (0.00%) | - | 14 Sep, 2024 |
| 15 Sep, 2024 | 62 | ₹0 | -- | ₹62 (0.00%) | - | 15 Sep, 2024 |
| 16 Sep, 2024 | 62 | ₹0 | -- | ₹62 (0.00%) | - | 16 Sep, 2024 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Aditya Ultra Steel Limited IPO
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Find Aditya Ultra Steel Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Provide your UPI ID linked to your bank account and submit the application.
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Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
FAQs About Aditya Ultra Steel Limited Ipo
Aditya Ultra Steel Limited IPO will open on 09 Sep, 2024 and close on 11 Sep, 2024. Investors must apply within this period to participate.
The Aditya Ultra Steel Limited IPO price band is set between ₹59.00 and ₹62.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹124000.00.
The Aditya Ultra Steel Limited IPO shares are expected to be listed on 16 Sep, 2024, subject to regulatory approvals and final allotment.
You can track your Aditya Ultra Steel Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Aditya Ultra Steel Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.