The Aditya Ultra Steel IPO is set to open on September 9, 2024, and close on September 11, 2024. This is a Book Built Issue aiming to raise approximately ₹45.88 crores, including a fresh issue worth ₹45.88 crores and an offer for sale of up to [.] equity shares with a face value of ₹10 each.
The IPO price band is between ₹59 and ₹62 per share, with a retail investor allocation of 35%, QIB allocation at 50%, and HNI allocation at 15%. The shares are expected to be listed on the NSE on September 16, 2024, with allotment results to be finalized on September 12, 2024.
In terms of financials, Aditya Ultra Steel reported revenue of ₹588.56 crores in 2024, a rise from ₹530.49 crores in 2023. The company’s profit also grew significantly, from ₹2.78 crores in 2023 to ₹7.92 crores in 2024, making this IPO a promising option for long-term investors.
Aditya Ultra Steel IPO Objectives:
The company plans to utilize the net proceeds from the IPO for the following purposes:
Funding capital expenditure
Meeting working capital requirements
General corporate purposes
Covering public issue expenses
Aditya Ultra Steel IPO Review (Apply or Not)
Recommendation: Apply
Aditya Ultra Steel IPO Date & Price Band Details:
| IPO Open Date: | September 9, 2024 |
| IPO Close Date: | September 11, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹59 to ₹62 Per Share |
| Issue Size: | Approx ₹45.88 crore |
| Fresh Issue: | Approx ₹45.88 crore |
| Offer for Sale: | NA |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Aditya Ultra Steel IPO Lot Size:
The minimum lot size for the Aditya Ultra Steel IPO is 2,000 shares, with an application amount of ₹1,24,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹ 1,24,000 |
| Retail Maximum | 1 | 2000 | ₹ 1,24,000 |
| HNI Minimum | 2 | 4000 | ₹ 2,48,000 |
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Aditya Ultra Steel IPO Timeline:
The Aditya Ultra Steel IPO will open on September 9 and close on September 11. Share allotment will be finalized on September 12, with the IPO set to list on the stock exchange on September 16.
| IPO Open Date: | September 9, 2024 |
| IPO Close Date: | September 11, 2024 |
| Basis of Allotment: | September 12, 2024 |
| Refunds: | September 13, 2024 |
| Credit to Demat Account: | September 13, 2024 |
| IPO Listing Date: | September 16, 2024 |
Promoters of Aditya Ultra Steel
Aditya Ultra Steel Ltd is promoted by Sunny Sunil Singhi, Varun Manojkumar Jain, and Varuna Jain.
About Aditya Ultra Steel
Founded in 2011 and converted into a public limited company in 2018, Aditya Ultra Steel Ltd specializes in the production of TMT bars. The company is backed by a team of experienced entrepreneurs with over 17 years in the steel industry.
Aditya Ultra Steel operates a TMT manufacturing facility in Bhalgam, Rajkot District, covering 17 acres. The plant produces TMT bars in sizes ranging from 8 mm to 32 mm and has an annual production capacity of approximately 1,08,000 MT.
Aditya Ultra Steel IPO GMP Today:
As of 08:30 PM on September 5, 2024, the latest Grey Market Premium (GMP) for Aditya Ultra Steel SME IPO stands at ₹0. With a price band of ₹62, the estimated listing price remains ₹62, resulting in no expected gain or loss per share (0.00%).
Aditya Ultra Steel Financial Report
In 2024, the company reported a revenue of ₹588.56 crores, up from ₹530.49 crores in 2023. Profits increased to ₹2.80 crores in 2024, compared to a loss of ₹1.01 crores in 2023.
| Amount in crores | ||||
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹ 515.98 | ₹ 508.83 | ₹ 4.89 | ₹ 91.57 |
| 2023 | ₹ 530.49 | ₹ 526.70 | ₹ 1.01 | ₹ 97.35 |
| 2024 | ₹ 588.56 | ₹ 577.84 | ₹ 2.80 | ₹ 147.52 |
Aditya Ultra Steel IPO Valuation – FY2024
Explore detailed valuation metrics for Aditya Ultra Steel IPO, including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | Values |
| ROE: | 23.92% |
| ROCE: | 18.75% |
| EBITDA Margin: | 3.06% |
| PAT Margin: | 1.35% |
| Debt to equity ratio: | 1.44 |
| Earning Per Share (EPS): | ₹4.62 (Basic) |
| Price/Earning P/E Ratio: | 4.62 |
| Return on Net Worth (RoNW): | 21.08% |
| Net Asset Value (NAV): | ₹ 28.15 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Aditya Ultra Steel | 4.62 | NA | 16.33% | 28.15 | 587.80 Cr. |
| Rathi Bars Limited | -2.19 | 15.93 | 3.80% | 57.52 | 614.04 Cr. |
| Mangalam Worldwide Limited | -7.78 | 16.77 | 11.68% | 66.21 | 818.11 Cr. |
Aditya Ultra Steel IPO Registrar
- Cameo Corporate Services Limited
- Phone: +91-44-40020700/ 2846 0390
- Email: ipo@cameoindia.com
- Website: www.cameoindia.com
IPO Lead Managers aka Merchant Bankers
Swastika Investment Limited
Company Address
- Aditya Ultra Steel Limited
- Survey No-48, Wankarner Boudry, Bhalgam, National Highway
- 8-A, Wankaner, Rajkot, Wankaner, Gujarat-363621, India
- Phone: +91-6357585716
- E-mail: cs@aditya-ultra-steel.com
- Website: www.aditya-ultra-steel.com
Aditya Ultra Steel IPO FAQs
What is Aditya Ultra Steel IPO?
Aditya Ultra Steel IPO is a main-board IPO through which the company plans to raise ₹45.88 crores. The issue is priced between ₹59 and ₹62 per equity share, with shares being listed on NSE and SME platforms.
When will Aditya Ultra Steel IPO open for subscription?
The IPO opens for subscription on September 9, 2024, and closes on September 11, 2024, for QIBs, NIIs, and Retail Investors.
What is the investor allocation for Aditya Ultra Steel IPO?
The allocation is 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Investors.
How can I apply for the Aditya Ultra Steel IPO?
You can apply for the Aditya Ultra Steel IPO through ASBA using your bank account or via UPI through your stockbroker. You may also apply offline by filling out a form through your broker.
What is the issue size of Aditya Ultra Steel IPO?
The total issue size is ₹45.88 crores.
What is the price band for Aditya Ultra Steel IPO?
The price band is set between ₹59 and ₹62 per share.
What is the lot size for Aditya Ultra Steel IPO?
The minimum lot size is 2,000 shares, requiring an investment of ₹1,24,000.
When is the Aditya Ultra Steel IPO allotment date?
The allotment date is set for September 12, 2024.
When is the listing date for Aditya Ultra Steel IPO?
The IPO is expected to list on September 16, 2024, on NSE and SME platforms.
