IPO

Aditya Ultra Steel Limited IPO

NSE SME

Listed On: Sep 16, 2024 at ₹ 69.0

₹ 248000 /4000 Shares
*Min Investment

Check Allotment

09 Sep, 2024

Open Date

11 Sep, 2024

Close Date

12 Sep, 2024

Allotment Date

16 Sep, 2024

Listing Date
Aditya Ultra Steel IPO Issue Details
  • Issue Price ₹59-62 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 74,00,000 shares(aggregating up to ₹45.88 crore)
  • Fresh Share 74,00,000 shares(aggregating up to ₹45.88 crore)
  • Listing at NSE SME
  • List Price 69.0
  • Listing Date 2024-09-16
  • Lead Manager Swastika Investmart Ltd
  • Registrar Cameo Corporate Services Limited
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 offers total 74,00,000 shares. Out of which 35,12,000 (47.46%) allocated to QIB, 10,56,000 (14.27%) allocated to NII,24,62,000 (33.27%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

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 Documents
DRHP
RHP
Aditya Ultra Steel IPO Details


Aditya Ultra Steel Limited IPO is an SME IPO, priced at ₹59-62 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 74,00,000 equity shares, aggregating up to ₹45.88 crores..

The IPO bidding window is open from Sep 9, 2024 to Sep 11, 2024. The allotment is expected to be finalized on Sep 12, 2024, and the tentative listing date is Sep 16, 2024.

The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,24,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,48,000.

Swastika Investmart Ltd is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and Sunflower Broking Private Limited will act as the market maker for this issue.

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Aditya Ultra Steel IPO Subscription Analysis And Details
Retail
23.12x
Total
10.58x
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
Total No of Applications
28,456
Aditya Ultra Steel Valuations
EPS Pre IPO ₹4.54/-
EPS Post IPO ₹3.19/-
P/E Pre IPO 13.64
P/E Post IPO 19.43
ROE 23.92%
ROCE 18.75%
Debt/Equity 1.44
RoNW 21.08%
PAT Margin 1.35
Price to Book Value 2.83
Aditya Ultra Steel Company Financials
In Lakhs
In Lakh
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
About Aditya Ultra Steel Company

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.

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Aditya Ultra Steel - Promoter(s)

Mr. Varun Manojkumar Jain

Mrs. Varuna Varun Jain

Pre Issue Share Holding : 97.94%

Post Issue Share Holding : 68.76%

Aditya Ultra Steel IPO - Issue Objectives
1

To meet Capital Expenditure

2

To meet Working Capital Requirements

3

General Corporate Purposes

4

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:

  1. 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.
  2. Return on Net Worth (%) = Net profit after tax, as restated / Average shareholders' equity (including minority interest) as restated at year/period end.
  3. NAV is computed as the closing net worth (excluding minority interest) divided by the closing outstanding number of equity shares.
  4. 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 Details

Aditya Ultra Steel

Survey No.888/807/810, FP-25,28,T 808-C Pinnacle, Prahlad Nagar Area, Opp. Royal Arcade, AUDA Garden, Ahmedabad- 380 015

079 - 4890 1470

cs@adityaultrasteel.com

http://www.adityaultrasteel.com/

Registrar Contact Details

Cameo Corporate Services Limited

+91-44-28460390

ipo@cameoindia.com

https://ipo.cameoindia.com/