Aditya Ultra Steel IPO
Aditya Ultra Steel is an NSE SME IPO listed on the NSE SME platform, priced at ₹59–₹62 per share. The stock debuted at ₹69, delivering a listing gain of 11.3%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,24,000.
Aditya Ultra Steel Limited IPO
- IPO Dates
- Sep 9, 2024 – Sep 11, 2024
- Price band
- ₹59-62 per equity share
- Minimum Investment
- ₹1,24,000
- Issue size
- ₹45.88 Cr
- Lot size
- 2000
- Allotment Date
- Sep 12, 2024
- Listing
- Sep 16, 2024
- Listing At
- NSE SME
IPO timeline
-
Sep 9, 2024
Open Date
Completed
-
Sep 11, 2024
Close Date
Completed
-
Sep 12, 2024
Allotment Date
Completed
-
Sep 16, 2024
Listing Date
Completed
Aditya Ultra Steel IPO Essentials
Aditya Ultra Steel IPO Details
Aditya Ultra Steel IPO is priced at ₹59-62 per share with a total issue size of 45.88 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹59-62 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 7,400,000 shares(aggregating up to ₹45.88 Cr)
- Total issue size
- 74,00,000 shares
(aggregating up to ₹45.88 crore) - Fresh issue
- 74,00,000 shares
(aggregating up to ₹45.88 crore) - Listing at
- NSE SME
- List price
- 69.0
- Listing date
- Registrar
- Cameo Corporate Services Limited
- Lead manager
-
Swastika Investmart Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following 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 | ₹1,24,000 |
| Retail(max) | 1 | 2000 | ₹1,24,000 |
| NII (min) | 2 | 4000 | ₹2,48,000 |
Aditya Ultra Steel IPO Reservation
Aditya Ultra Steel IPO reservation details show category-wise allocation of shares. Out of the total 74,00,000 shares, approximately 47.46% are reserved for QIB, 14.27% for NII, 33.27% for retail investors, and 5% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| 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 Analytics
Aditya Ultra Steel IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Aditya Ultra Steel IPO Subscription Status
Aditya Ultra Steel IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 3,512,000 / 1,056,000 | 2,462,000 | 7,030,000 |
|
Day 1
09-09-24 06:00 PM
|
(0.87 / 1.49) x | 4.11 x | 2.10 x |
|
Day 2
10-09-24 06:00 PM
|
(1.01 / 2.38) x | 10.39 x | 4.50 x |
|
Day 3
11-09-24 06:00 PM
|
(1.21 / 12.51) x | 23.12 x | 10.58 x |
Aditya Ultra Steel Valuations
Earnings
- EPS Pre IPO
- ₹4.54/-
- EPS Post IPO
- ₹3.19/-
- P/E Pre IPO
- 13.64
- P/E Post IPO
- 19.43
Returns
- ROE
- 23.92%
- ROCE
- 18.75%
- RoNW
- 21.08%
- PAT Margin
- 1.35
Fundamentals
- Debt / Equity
- 1.44
- Price / Book
- 2.83
Aditya Ultra Steel Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| 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 & Surplus | 3,128.6 | 2,739.81 | 2,462.15 |
| Total Borrowing | 5,427.07 | 4,984.14 | 4,695.12 |
Aditya Ultra Steel Company & Offer Insights
About Aditya Ultra Steel
Aditya Ultra Steel Limited was incorporated on 2011. The company has been producing rolled steel products under the brand name Kamdhenu consisting of TMT bars. These products are mainly produced for the constructions and infrastructure development sector. The manufacturing facility of the company is located in Wankaner, Gujarat which produces TMT bars with a production capacity of 1,08,000 MT.
As of April 30, 2024, the company had 149 full-time employees, which also included executives.
Aditya Ultra Steel Promoter(s)
Mr. Varun Manojkumar Jain, Mrs. Varuna Varun Jain are the company's promoters of Aditya Ultra Steel.
Aditya Ultra Steel IPO Issue Objectives
- •
- To meet Capital Expenditure
- •
- To meet Working Capital Requirements
- •
- General Corporate Purposes
- •
- To meet the Public Issue Expenses
Aditya Ultra Steel IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Aditya Ultra Steel Limited | N/A | 4.62 | 21.93 | N/A | 21.08 | 2.95 | Standalone |
| Rathi Bars Ltd. | N/A | 2.19 | 57.52 | 15.93 | 3.8 | 0.6 | Standalone |
| Mangalam Worldwide Limited | N/A | 7.78 | 66.21 | 16.77 | 11.68 | 1.97 | Standalone |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on March 31, 2024, divided by the Diluted EPS.
- Return on Net Worth (%) = Net profit after tax, as restated / Average shareholders' equity (including minority interest) as restated at year/period end.
- NAV is computed as the closing net worth (excluding minority interest) divided by the closing outstanding number of equity shares.
- Net worth means the aggregate value of the paid-up share capital of the Company and all reserves created out of profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, miscellaneous expenditure not written off, as per the restated balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation as at year/period end, as per Restated Financial Statement of Assets and Liabilities of the Company.
Contact Information
Contact Details
Aditya Ultra Steel
079 - 4890 1470
http://www.adityaultrasteel.com/
Survey No.888/807/810, FP-25,28,T 808-C Pinnacle, Prahlad Nagar Area, Opp. Royal Arcade, AUDA Garden, Ahmedabad- 380 015
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Aditya Ultra Steel IPO is a book-built IPO worth ₹45.88 crore. The price band is ₹59–₹62 per share. The IPO opens on Sep 9, 2024 and closes on Sep 11, 2024. It will be listed on NSE SME Platform. Cameo Corporate Services Limited is the registrar.
The price band of Aditya Ultra Steel IPO is ₹59 to ₹62 per share.
The lot size of Aditya Ultra Steel IPO is 2000 shares.
The minimum investment for Aditya Ultra Steel IPO is approximately ₹1,24,000 based on the upper price band .
Aditya Ultra Steel IPO opens on Sep 9, 2024 and closes on Sep 11, 2024.
The allotment date of Aditya Ultra Steel IPO is Sep 12, 2024.
Aditya Ultra Steel IPO is expected to be listed on Sep 16, 2024, on NSE SME Platform.
Aditya Ultra Steel IPO valuation snapshot: P/E 19.43, EPS ₹3.19/-, P/B 2.83, RoNW 21.08%, and market cap N/A.
To apply for Aditya Ultra Steel IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Aditya Ultra Steel IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Aditya Ultra Steel IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Aditya Ultra Steel IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Aditya Ultra Steel IPO allotment status on IPO Ji for quick and easy access.