Aditya Ultra Steel IPO Subscription Status

Aditya Ultra Steel's initial public offering (IPO) has garnered significant investor interest, with subscription rates climbing steadily over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in a 5.56 times oversubscription by the close of day three. This strong response underscores the robust market appetite for Aditya Ultra Steel's shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 9th September 2024, has seen increasing investor participation across all categories. The Retail segment, in particular, has shown exceptional demand, while the Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB) categories have also demonstrated growing interest.

This enthusiastic response to Aditya Ultra Steel's IPO comes amid positive sentiment in the Indian stock market, particularly towards companies in the steel manufacturing sector. The company's focus on manufacturing rolled steel products, specifically TMT bars under the brand name "Kamdhenu", appears to have resonated well with investors looking for exposure to India's growing construction and infrastructure development industries.

Subscription Status of Aditya Ultra Steel IPO for Days 1, 2, and 3:

On day 1, Aditya Ultra Steel IPO was subscribed 2.10 times. By the end of day 2, the subscription status had risen to 4.50 times; on day 3, it reached 5.56 times.

Here are the subscription details for Aditya Ultra Steel IPO as of Day 3 (11th September 2024 at 11:26:00 AM):

Total Applications: 15,838

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• ** The portion of anchor investors (or market makers) is not included in the total number of shares offered.
• *** Market Maker portion is not included to NII/HNI.

Key Highlights:

• The IPO of Aditya Ultra Steel is currently subscribed 5.56 times, with strong demand across investor categories.
• Retail investors have shown exceptional interest, with a subscription ratio of 12.87 times.
• Non-Institutional Investors (NII) have demonstrated solid enthusiasm, with a subscription ratio of 3.66 times.
• Qualified Institutional Buyers (QIB) have shown moderate interest, with a subscription ratio of 1.01 times.
• The overall subscription trend shows a significant increase day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Aditya Ultra Steel IPO - Day 2 Subscription at 4.50 Times

Key Highlights:

• On Day 2, Aditya Ultra Steel's IPO was subscribed 4.50 times, with strong demand from Retail Individual Investors (RII).
• Retail investors showed increased interest with a subscription ratio of 10.39 times, more than doubling their subscription from the previous day.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 2.38 times.
• Qualified Institutional Buyers (QIB) showed slightly increased interest with a subscription ratio of 1.01 times.
• The overall subscription trend indicated building momentum, with all investor categories showing increased participation.

Aditya Ultra Steel IPO - Day 1 Subscription at 2.10 Times

Key Highlights:

• The IPO of Aditya Ultra Steel was subscribed 2.10 times on Day 1, with strong initial demand from Retail Individual Investors (RII).
• Retail investors showed early interest with a subscription ratio of 4.11 times, indicating positive sentiment among individual investors.
• Non-Institutional Investors (NII) showed moderate initial interest with a subscription ratio of 1.49 times.
• Qualified Institutional Buyers (QIB) showed initial interest with a subscription ratio of 0.87 times.
• The strong first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Aditya Ultra Steel Ltd:

Aditya Ultra Steel Limited, founded in 2011, manufactures rolled steel products, specifically TMT bars, under the brand name "Kamdhenu". The company caters primarily to the construction industry and infrastructure development sector.

Key features of Aditya Ultra Steel:

• Manufacturing facility located in Wankaner, Gujarat
• Production capacity of 1,08,000 MT for TMT bars
• Manufactures TMT bars from billets in a reheating furnace and a rolling mill
• As of 30th April 2024, employed a total of 149 full-time employees, including executives

Highlights of the Aditya Ultra Steel IPO:

• IPO Date: 9th September 2024 to 11th September 2024
• Listing Date: September 16, 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹59 to ₹62 per share
• Lot Size: 2000 Shares
• Total Issue Size: 7,400,000 shares (aggregating up to ₹45.88 Cr)
• Fresh Issue: 7,400,000 shares (aggregating up to ₹45.88 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: NSE SME
• Book Running Lead Manager: Swastika Investmart Ltd
• Registrar: Cameo Corporate Services Limited
• Market Maker: Sunflower Broking