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Aditya Ultra Steel Ltd

Steel

Offer Period :

9th to 11th Sep 2024

Aditya Ultra Steel Ltd IPO Details

IPO Date 9th to 11th Sep 2024 Minimum Investment ₹124000 / 1 Lots
Listing Date 2024-09-16 Maximum Investment ₹124000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹45.88 Crores
Price ₹62 to ₹62 per share Fresh Issue ₹45.88 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ [-]
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 17435568 Shares
Issue Type Book Building - SME Shareholding Post Issue 24835568 Shares
IPO Date 9th to 11th Sep 2024
Listing Date 2024-09-16
Face Value ₹10 per share
Price ₹62 to ₹62 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Total Issue Size ₹45.88 Crores
Employee Discount ₹0 per share
Issue Type Book Building - SME
Minimum Investment ₹124000 / 1 Lots
Maximum Investment ₹124000 / 1 Lots
Fresh Issue ₹45.88 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 17435568 Shares
Shareholding Post Issue 24835568 Shares

About Aditya Ultra Steel Ltd IPO

Founding Head: 2011

Managing Director: Sunny Sunil Singhi

ADITYA ULTRA STEEL LIMITED Timeline

Important dates for allocation and IPO listing.

9th Sep

IPO Opens

11th Sep

IPO Close

12th Sep

Allotment Date

13th Sep

Initiation of Refund

13th Sep

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 97.94 68.76
Public Group 2.06 31.24

Aditya Ultra Steel Ltd IPO Reservation

QIB Shares Offered 1406000(19%)
NII (HNI) Shares Offered 1056000(14.27%)
Retail Shares Offered 2462000(33.27%)
Anchor Investor Shares Offered 2106000(28.46%)
Total Shares Offered 7400000
Total Shares With Anchor Investor 7400000

Aditya Ultra Steel Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 ₹124000
Retail (Max) 1 2000 ₹124000
S HNI (Min) 2 4000 ₹248000
S HNI (Max) 8 16000 ₹992000
B HNI (MIN) 9 18000 ₹1116000

Aditya Ultra Steel Ltd IPO Anchor Investor Details

Bid Date -
Shares Offered 0
Anchor Portion Size 0

Aditya Ultra Steel Ltd IPO Registrar

Cameo Corporate Services Ltd
Phone Number +91-044 4002 0700/ 2846 0390
Email Id investor@cameoindia.com
Our Website www.cameoindia.com

Aditya Ultra Steel Ltd IPO Lead Manager

1. Swastika Investment Ltd

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Aditya Ultra Steel Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹48.52 ₹39.6 ₹36.82
Reserves and Surplus ₹31.29 ₹27.4 ₹24.62
Total Borrowing ₹54.27 ₹49.84 ₹46.95

Aditya Ultra Steel Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 0 4246000 0
Non Institutional Investors (NIIs) 0 13230000 0
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 0 0 0
Retail Individual Investors (RIIs) 0 58180000 0
Total 7400000 75656000 10.2238

Strength of Aditya Ultra Steel Ltd

1. Qualified and experienced management team.

2. Skilled and dedicated manpower.

3. Strategically located Manufacturing Plant.

4. Existing customer relationship.

5. Cordial relationship between management and labour.

6. Flit of Company Owned Vehicle.

Risks Involved

1. Business of the Company is dependent on Kamdhenu Brand.

2. The company has given corporate guarantee in relation to certain debt facilities to its group company which if claimed, may requires the company to pay the guaranteed amount.

3. Almost entire operations of the Company is limited in the state of Gujarat. Any adverse development affecting its operations in this region could have an adverse impact on its business, financial condition and results of operations.

4. Its Managing Director Mr. Sunny Sunil Singhi has limited experience in the steel industry in which the Company is operating.

5. The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.

6. The Company is dependent on a few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.

7. Its business is dependent on the company manufacturing facility. The loss of or shutdown of operations of its manufacturing facility may have a material adverse effect on the company's business, financial condition and results of operations.

8. Steel Manufacturing Plants involve hazardous processes that can cause personal injury and loss of life, severe damage to and destruction of property and equipment, which could result in incurring material liabilities, loss of revenues and increased expenses.

9. The company will continue to be controlled by its Promoters after the completion of the Issue.

10. The Company has not entered into any agreements/ contracts for the supply of raw material and other utilities. Risks related to shortfall or non- availability of raw material and other utilities may adversely affect its manufacturing processes and have an adverse impact on its operations and financial condition.

Why should you invest in

-

Aditya Ultra Steel Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

ADITYA ULTRA STEEL LIMITED IPO Contact Details

Aditya Ultra Steel Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-16 73685 AUSL
INE01YQ01013
₹62 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹62 ₹62
Open ₹0 ₹69.9
Low ₹0 ₹66.4
High ₹0 ₹72
Low ₹0 ₹66.4

Frequently Asked Questions

What is Aditya Ultra Steel Ltd IPO?

Answer Field

Aditya Ultra Steel Ltd IPO is a SME IPO of 74,00,000 equity shares of a face value of ₹10 aggregating up to ₹45.88 Crores. The issue is priced at ₹62 to ₹62 per share. The minimum order quantity is 2000 Shares. The IPO opens on September 09, 2024, and closes on September 11, 2024. Cameo Corporate Services Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Aditya Ultra Steel Ltd IPO will open?

Answer Field

The Aditya Ultra Steel Ltd IPO opens on September 09, 2024 and closes on September 11, 2024.

What is the lot size of Aditya Ultra Steel Ltd?

Answer Field

Aditya Ultra Steel Ltd lot size is 2000 shares, and the minimum amount required is ₹1,24,000.

How to apply for Aditya Ultra Steel Ltd IPO?

Answer Field

You can apply in Aditya Ultra Steel Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is Aditya Ultra Steel Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Aditya Ultra Steel Ltd IPO will be done on September 12, 2024, and the allotted shares will be credited to your demat account by September 13, 2024.

When is Aditya Ultra Steel Ltd IPO listing date?

Answer Field

The Aditya Ultra Steel Ltd listing date is September 16, 2024.

Who is the registrar of Aditya Ultra Steel Ltd IPO?

Answer Field

The registrar of Aditya Ultra Steel Ltd IPO is Cameo Corporate Services Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Swastika Investment Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Aditya Ultra Steel Ltd IPO?

Answer Field

The fresh issue size is ₹45.88 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Aditya Ultra Steel Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,24,000 amount.

How can I approve the UPI mandate request for Aditya Ultra Steel Ltd IPO?

Answer Field

To apply for Aditya Ultra Steel Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Aditya Ultra Steel Ltd?

Answer Field

The price of each Aditya Ultra Steel Ltd share will be ranging in between ₹62 to ₹62 per share.

What is the cut-off time for the UPI mandate for Aditya Ultra Steel Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 11, 2024.

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