Aditya Ultra Steel IPO Subscription Status: Aditya Ultra Steel IPO 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 is 74,00,000 shares (Approx ₹45.88 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
The Aditya Ultra Steel IPO is an SME IPO and Listed on NSE SME. Aditya Ultra Steel IPO Price Band is Fixed at ₹62 Equity Share. Aditya Ultra Steel IPO Lot Size is 2000 Shares.
Also Read: Aditya Ultra Steel IPO GMP, Review, Price, Date & IPO Details
Aditya Ultra Steel IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 3,512,000 | 42,46,000 | 1.21 |
| Non Institutional Buyers (NIIs) | 1,056,000 | 1,28,46,000 | 12.16 |
| Retail Individual Buyers (RIIs) | 2,462,000 | 5,72,74,000 | 23.26 |
| Market Maker | 3,70,000 | 3,70,000 | 1 |
| Total | 7,030,000 | 7,43,66,000 | 10.58 |
Aditya Ultra Steel IPO Subscription Status day-by-day-
| Categories | 9 Sep | 10 Sep | 11 Sep |
|---|---|---|---|
| QIB | 0.87 | 1.01 | 1.21 |
| NII | 1.49 | 2.38 | 12.16 |
| RII | 4.11 | 10.39 | 23.26 |
| Total | 2.10 | 4.50 | 10.58 |
About IPO :
Aditya Ultra Steel 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.
Aditya Ultra Steel holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets.
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
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