Aditya Ultra Steel IPO Allotment Status

Summary

Aditya Ultra Steel IPO has garnered a robust response from investors, closing with an impressive subscription of 10.08 times by 11th September 2024 at 5:22:01 PM (Day 3). The public issue witnessed substantial demand across various investor categories, with the Retail Investors category leading the charge. The Retail segment was subscribed 21.93 times, reflecting significant interest from individual investors.

The Non-Institutional Investors (NII) category also demonstrated strong engagement, subscribing 11.95 times. The Qualified Institutional Buyers (QIB) category showed moderate interest, subscribing 1.21 times. This varied response across categories underscores the diverse market sentiment towards Aditya Ultra Steel's offering, with particularly strong interest from retail investors.

How to Check Aditya Ultra Steel IPO Allotment Status:

How do you Check Aditya Ultra Steel IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web gateway of Cameo Corporate Services Limited.  (https://ipo.cameoindia.com/)

Step 2: From the selection menu, choose Aditya Ultra Steel IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Aditya Ultra Steel IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Aditya Ultra Steel IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Aditya Ultra Steel Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Aditya Ultra Steel IPO Timeline:

Aditya Ultra Steel IPO Subscription Status

The Aditya Ultra Steel IPO received 10.08 subscriptions. By 11th September 2024 at 5:22:01 PM (Day 3), the public issue had been subscribed 21.93 times in the retail category, 1.21 times in the QIB category, and 11.95 times in the NII category.

Subscription Day 3 (as of 5:22:01 PM)
Total Subscription: 10.08 times.
QIBs: 1.21 times.
Non-institutional investors: 11.95 times.
Retail investors: 21.93 times.

Subscription Day 2
Total Subscription: 4.50 times.
QIBs: 1.01 times.
Non-institutional investors: 2.38 times.
Retail investors: 10.39 times.

Subscription Day 1
Total Subscription: 2.10 times.
QIBs: 0.87 times.
Non-institutional investors: 1.49 times.
Retail investors: 4.11 times.

Aditya Ultra Steel IPO Details 

Aditya Ultra Steel's initial public offering (IPO) is a book-built issue amounting to ₹45.88 crores. This offering consists entirely of a fresh issue of 74 lakh shares.

The bidding process for the Aditya Ultra Steel IPO commenced on 9th September 2024 and concluded on 11th September 2024. The allotment results for this IPO are anticipated to be finalised on 12th September 2024. Furthermore, the shares of Aditya Ultra Steel are set to be listed on the NSE SME, with a provisional listing date scheduled for 16th September 2024.

The price range for the Aditya Ultra Steel IPO has been established between ₹59 and ₹62 per share. Investors must apply for a minimum lot size of 2000 shares, which requires a minimum investment of ₹124,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (4,000 shares), totalling ₹248,000.

Swastika Investmart Ltd serves as the book-running lead manager for the Aditya Ultra Steel IPO. Cameo Corporate Services Limited is designated as the registrar for this offering.

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