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Aditya Ultra Steel IPO

  • Status: Closed
  • RHP:
  • ₹ 118,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    16 Sep 2024

  • Listing Price

    ₹ 69.90

  • Listing Change

    12.74%

  • Last Traded Price

    ₹ 63.10

IPO Details

  • Open Date

    09 Sep 2024

  • Close Date

    11 Sep 2024

  • IPO Price Range

    ₹ 59- ₹ 62

  • IPO Size

    ₹ 45.88 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    16 Sep 2024

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IPO Timeline

Aditya Ultra Steel IPO Subscription Status

Last Updated: 11th September 2024, 06:23 PM by 5paisa

Aditya Ultra Steel IPO is set to open on 09 September 2024 and will close on 11 September 2024. The company produces rolled steel products, specifically TMT bars, under the brand name Kamdhenu.

The IPO includes a fresh issue of 74 lakh shares aggregating up to ₹45.88 Cr and it does not include an offer for sale. The price is set between ₹59 - ₹62 per share and the lot size is 2000 shares. 

The allotment is scheduled to be finalised on 12 September 2024. It will go public on NSE SME, with a tentative listing date of 16 September 2024.

Swastika Investmart Ltd is the book-running lead manager, while Cameo Corporate Services Limited is the registrar. 
 

Aditya Ultra Steel IPO Size

Types Size (₹Cr)
Total IPO Size 45.88
Offer For Sale -
Fresh Issue 45.88

 

Aditya Ultra Steel IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 ₹124,000
Retail (Max) 1 2000 ₹124,000
HNI (Min) 2 4000 ₹248,000

Aditya Ultra Steel IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 1.21 35,12,000 42,46,000 26.33
NII (HNI) 12.16 10,56,000 1,28,46,000 79.65
Retail 23.26 24,62,000 5,72,74,000 355.10
Total 10.58 70,30,000 7,43,66,000 461.07

 

1. Working Capital Requirements.
2. General Corporate Purposes.
3. To cover capital expenditure costs.
4. To meet Public Issue Expenses
 

Aditya Ultra Steel Limited, established in 2011, produces TMT bars under the brand name Kamdhenu. The company uses billets, reheating furnaces, and rolling mills to manufacture these bars, primarily serving the construction and infrastructure sectors. Their factory in Wankaner, Gujarat, has a production capacity of 1,08,000 MT. As of 30 April 2024, the company employed 149 full-time staff, including executives.

Peers

●  Rathi Bars Ltd.
●  Mangalam Worldwide Limited

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 588.56 530.49 515.98
EBITDA 18.01  9.87 10.92
PAT 7.92 2.78 4.89
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 147.52 97.35 91.57
Share Capital 17.24  12.20  12.20
Total Borrowings 54.27 49.84 46.95
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 9.13  8.41  -6.18
Net Cash Generated From / (used in) investing activities -2.38 -1.32 -0.22
Net Cash Generated From / (used in) financing activities -3.18 -7.13 -3.16
Net Increase (Decrease) In Cash And Cash Equivalents 3.57  -0.03 -9.57


Strengths

1. The company can efficiently manage production and logistics with a strategically located manufacturing plant and a fleet of company-owned vehicles.

2. The company benefits from a qualified management team and a dedicated, skilled workforce, ensuring effective operations and strong leadership.

3. The company maintains strong relationships with its customers and has a positive, cooperative relationship between management and labor, contributing to smooth operations and customer loyalty.
 

Risks

1. As the company is heavily reliant on its manufacturing operations, any disruptions or inefficiencies at its plant could negatively affect production and financial performance.

2. A portion of revenue may come from a few key customers. Losing any major clients or experiencing a drop in demand from them could adversely impact the company's revenue and profitability.

3. Changes in regulations or failure to comply with industry standards could lead to legal issues or increased costs, potentially affecting the company’s operations and financial stability.

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FAQs

Aditya Ultra Steel IPO opens from 09th September to 11th September 2024.

The size of the Aditya Ultra Steel IPO is ₹45.88 Cr.

The price band of Aditya Ultra Steel IPO is fixed between ₹59- ₹62 per share. 

To apply for Aditya Ultra Steel IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Aditya Ultra Steel IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Aditya Ultra Steel IPO is 2000 shares and the minimum investment required is ₹₹118,300.

The share allotment date of Aditya Ultra Steel IPO is 12th September 2024

The Aditya Ultra Steel IPO will be listed on 16th September 2024.

Swastika Investmart Ltd is the book-running lead manager for Aditya Ultra Steel IPO.

Aditya Ultra Steel plans to utilize the raised capital from the IPO for:

● Working Capital Requirements.
● General Corporate Purposes.
● To cover capital expenditure costs.
● To meet Public Issue Expenses