Aditya Ultra Steel IPO Date : Aditya Ultra Steel IPO Date is Open on 9 September 2024 and Close on 11 September 2024. Aditya Ultra Steel IPO to Raise 74,00,000 shares (Approx ₹45.88 Cr) via IPO. The Fresh issue of 74,00,000 shares (Approx ₹45.88 Cr).
Our Company was originally incorporated in 2011, Our Company is engaged in the business of manufacturing of rolled steel product i.e. TMT bars under the Kamdhenu brand catering mainly to the construction industry and for infrastructure development. Our Company manufactures TMT bars from billets through reheating furnace and rolling mill. We have a history of more than 12 (Twelve) years in manufacturing of TMT bars industry.
We design and manufacture TMT bars and sell it on B2B Basis. Our customer base is mainly spread across the State of Gujarat. We have our manufacturing plant located in Survey No-48, Wankarner Boudry, Bhalgam, National Highway 8-A, Wankaner, Rajkot, Wankaner, Gujarat-363621, India which is equipped with testing laboratories, workers’ accommodation, canteen and well-connected transport facilities.
Our Company is promoted by team of young and experienced entrepreneurs viz. Mr. Varun Manojkumar Jain , Mr. Sunny Sunil Singhi and Mrs. Varuna Jain having combined experience of more than 17 years in the Steel Industry with proven track records. At present, we have an integrated production capacity of 1,08,000 MT for TMT Bars.
Competitive Strenghts-
- Qualified and experienced management team.
- Skilled and dedicated manpower.
- Strategically located Manufacturing Plant.
- Existing customer relationship.
- Cordial relationship between management and labour.
- Flit of Company Owned Vehicle.
Aditya Ultra Steel IPO Date & Price Band Details
| IPO Open Date | 9 Sep 2024 |
|---|---|
| IPO Close Date | 11 Sep 2024 |
| IPO Size | 74,00,000 shares (Approx ₹45.88 Cr) |
| Fresh Issue | 74,00,000 shares (Approx ₹45.88 Cr) |
| Lot Size | 2000 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹59 to ₹62 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Aditya Ultra Steel IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,24,000 |
| Retail Maximum | 1 | 2000 | ₹1,24,000 |
| S-HNI Minimum | 2 | 4000 | ₹2,48,000 |
Object of the Issue
- Capital Expenditure.
- To Meet Working Capital Requirements.
- General Corporate Purposes.
- To meet Public Issue Expenses.
Aditya Ultra Steel IPO Allotment & Listings (Details)
| IPO Open Date | 9 Sep 2024 |
|---|---|
| IPO Close Date | 11 Sep 2024 |
| Basis of Allotment | 12 Sep 2024 |
| Refunds | 13 Sep 2024 |
| Credit to Demat Account | 13 Sep 2024 |
| IPO Listing Date | 16 Sep 2024 |
Aditya Ultra Steel Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹588.56 | ₹577.84 | ₹2.80 |
| 2023 | ₹530.49 | ₹526.70 | ₹1.01 |
| 2022 | ₹515.98 | ₹508.83 | ₹4.89 |
Our Company Promoters
- Mr. Sunny Sunil Singhi
- Mr. Varun Manojkumar Jain
- Mrs. Varuna Jain
Qualitative Factors
- Qualified and experienced management team.
- Skilled and dedicated manpower.
- Strategically located Manufacturing Plant.
- Existing customer relationship.
- Cordial relationship between management and labour.
- Flit of Company Owned Vehicle.
Comparison of Accounting Ratios with Listed Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Aditya Ultra Steel Limited | 10.00 | 4.62 | [.] | 16.33% | 28.15 | 58,780.08 |
| Peer Group | ||||||
| Rathi Bars Limited | 10.00 | 2.19 | 15.93 | 3.80% | 57.52 | 61,403.52 |
| Mangalam Worldwide Limited | 10.00 | 7.78 | 16.77 | 11.68% | 66.21 | 81,810.80 |
Also Read: Vision Infra Equipment Solutions IPO
Aditya Ultra Steel Company Contact Details
Survey No-48, Wankarner Boudry,
Bhalgam, National Highway 8-A, Wankaner,
Rajkot, Wankaner, Gujarat-363621, India,
Tel. No.: +91-6357585716
E-mail: cs@aditya-ultra-steel.com
Website: www.aditya-ultra-steel.com
Aditya Ultra Steel Lead Manager
Swastika Investment Limited
Flat No.18, 2nd Floor, North Wing,
Madhaveshwar Co-operative Housing Society Ltd, Madhav
Nagar, 11/12, S. V. Road, Andheri W, Mumbai – 400058
Tel No.: +91-07316644244
Email: merchantbanking@swastika.co.in
Investor Grievance Email: mb.investorgrievance@swastika.co.in
Website: www.swastika.co.in
Contact Person: Mohit Goyal
Aditya Ultra Steel IPO Registrar
Cameo Corporate Services Limited
Subramanian Building, No. 1 Club House Road,
Chennai-600002, India
Tel. No.: +91-044-4002 0700/ 2846 0390
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Investor Grievance Email: investor@cameoindia.com
Contact Person: Mr. K. Sreepriya
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