Aditya Ultra Steel IPO Details
| IPO Size | 45.88 cr |
| Price Range | ₹59 - ₹62 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹124,000 |
| Pre IPO Promotor Holding | 97.94% |
| Post IPO Promotor Holding | 68.76% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Aditya Ultra Steel IPO Timelines
09/09/2024
Start Date11/09/2024
End Date13/09/2024
Refund Initiation13/09/2024
Credit of Shares to Demat Ac16/09/2024
Listing DateAditya Ultra Steel IPO Lot Size
| 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 |
Aditya Ultra Steel IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 1.21 x | 12.16 x | 23.26 x | -- | 10.58 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹69.90 | ₹66.40 | ₹72 | ₹66.40 |
Aditya Ultra Steel IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹515.98 | ₹508.83 | ₹4.89 |
| FY 2023 | ₹530.49 | ₹526.70 | ₹1.01 |
| FY 2024 | ₹588.56 | ₹577.84 | ₹2.80 |
About Company
Aditya Ultra Steel is a manufacturer of rolled steel products. The company produces TMT bars under the Kamdhenu brand. The company primarily serves the construction and infrastructure sectors. Aditya Ultra Steel’s manufacturing process involves transforming billets into TMT bars using a reheating furnace and a rolling mill. The company designs and produces these bars and then sells them on a business-to-business (B2B) basis.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2011 | Steel | Sunny Sunil Singhi |
Know Before Investing
Aditya Ultra Steel IPO Strengths
- Aditya Ultra Steel maintains a fleet of 23 company-owned vehicles, which gives them the flexibility to meet customer demands.
- The company’s manufacturing plant, located in Gujarat, is equipped with essential infrastructure like power, roads, and water supply. The facility has road connectivity, facilitating the smooth transportation of raw materials and finished goods.
- The company has seen a consistent increase in revenue from operations. It increased from Rs 515.35 crore in FY22 to Rs 530.45 crore in FY23 to Rs 587.80 crore in FY24.
Aditya Ultra Steel IPO Risks
- Aditya Ultra Steel manufactures TMT bars under the Kamdhenu brand and is thus closely tied to this brand. The loss of this partnership could negatively impact the company’s operations and finances.
- Major activities of the company are restricted to Gujarat. Any adverse developments in this region can be detrimental to the company’s growth and operations.
- A significant portion of Aditya Ultra Steel’s revenue comes from a small group of customers. The top 10 customers accounted for 94.27%, 95.63%, and 94.11% of total sales in 2024, 2023, and 2022, respectively. The loss of any major customer could negatively impact the company’s revenue and financial standing.
- The company, along with its promoter, directors, and group company, are involved in legal proceedings. Any adverse judgments in these cases could be detrimental to the company’s reputation and business prospects.
- As of March 31, 2024, Aditya Ultra Steel reported a total debt of Rs 54.27 crore. Any inability to service or repay these loans could adversely affect the business.
Swot Analysis for Aditya Ultra Steel IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
Aditya Ultra Steel Limited
Survey No.888/807/810, FP-25,28,T 808-C,
Pinnacle, Prahlad Nagar Area,
Opp. Royal Arcade, AUDA Garden, Ahmedabad- 380 015
Phone: 079 – 4890 1470
Email: [email protected]
Website: http://www.adityaultrasteel.com/
IPO Registar Details
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
FAQs
The key objectives of Aditya Ultra Steel IPO are:
- To meet Capital Expenditure
- To meet Working Capital Requirements
- General Corporate Purposes
- To meet the Issue Expenses
- Swastika Investmart Ltd.
are the book-running lead managers for the Aditya Ultra Steel IPO.