Aditya Ultra Steel IPO 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. The Company manufactures TMT bars from billets through reheating furnace and rolling mill. It has a history of more than 12 (Twelve) years in manufacturing of TMT bars industry. It designs and manufactures TMT bars and sell it on B2B Basis. Its customer base is mainly spread across the State of Gujarat. The company its manufacturing plant located in Survey No-48, Wankaner Boundry, 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.
Get more information about the company @ http://www.adityaultrasteel.com/
Aditya Ulta Steel IPO Details
|
| IPO opens on |
9 September 2024 |
| IPO closes on |
11 September 2024 |
| Issue Type |
Book Built Issue IPO |
| Issue Size |
7400,000 Shares /
Rs 45.88 Crore |
| * Fresh Issue |
7400,000 Shares /
Rs 45.88 Crore |
| * Offer for Sale – |
– shares /
Rs. – crore |
| Market Maker Portion |
370000 Shares |
| Net offer to Public |
7030000 Shares/
Rs.43.59 Crore |
| Face Value per share |
Rs. 10 |
| Price Band |
Rs.59-62 |
| Employee discount |
Rs. 0 per share |
| Retail Lot Size |
2000 Shares |
| Listing will at |
NSE SME |
Shares offered in IPO
|
| |
Shares |
Rs. (Crore) |
| QIB (50%) |
3515000 |
21.79 |
| NII (15%) |
1054500 |
6.54 |
| RII (35%) |
2460500 |
15.26 |
| Total Shares |
7030000 |
43.59 |
| Retail portion will be oversubscribed by |
1230 |
| Forms |
| How much Shares to Apply in this IPO? |
| Min Retail Application |
2000 Shares |
Rs.124000 |
| Min HNI Application |
4000 Shares |
Rs.248000 |
Who are the Promoters of Aditya Ultra Steel IPO?
Mr. Varun Manojkumar Jain and Mrs. Varuna Varun Jain are the promoters of the company.
What are the Objects of Aditya Ultra Steel IPO?
The Offer comprises of fresh issue of shares.
The company intends to use the net proceeds from the issue towards these objectives:
- To meet Capital Expenditure
- To meet Working Capital Requirements
- General Corporate Purposes
- To meet the Public Issue Expenses
Registered Office of the Company
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
|
Who is the Lead Manager of this IPO?
Swastika Investmart Ltd
|
|
Who is the Registrar to IPO?
Cameo Corporate Services Limited
|
Aditya Ultra Steel IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Aditya Ultra Steel IPO Financial & Analytical Ratios
|
| Year |
Total
Income |
Net
Profit |
EPS |
RoNW |
| |
Rs.in Crore |
Rs.in Crore |
Rs. |
% |
| 2021-22 |
515.98 |
4.89 |
2.86 |
18.89 |
| 2022-23 |
530.49 |
2.78 |
1.63 |
9.69 |
| 2023-24 |
588.56 |
7.92 |
4.62 |
21.08 |
Book Value of the
Share on 31.03.2024 |
Rs |
28.15 |
|
|
BV of the Share at
cap price after IPO |
Rs. |
– |
|
|
| Offer Price/upper band |
Rs. |
62 |
|
|
IPO
Key Performance indicators
|
| Price/EPS of 23-24 |
13.42 |
| Price/BV Ratio |
2.20 |
| Price/BV after IPO |
– |
How Aditya Ultra Steel IPO compares with the Peers?
| As on date of RHP |
FV |
Total |
PE |
| |
Rs. |
Income |
Ratio of |
| |
|
Rs. In Crore |
|
| Aditya Ultra Steel |
10 |
588 |
13.42 |
| Rathi Bars |
10 |
614 |
15.93 |
| Mangalam Worldwide |
10 |
818 |
16.77 |
| |
|
|
|
| |
|
|
|
| |
|
|
|
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Aditya Ultra Steel IPO Review
Aditya Ultra Steel IPO 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.
Size: Net size of the IPO is Rs.43.59 crore, comprising of 7030000 shares. The size of the IPO is very large and so oversubscription is not difficult.
Financial Snapshot: The company has good profitability during last 3 years. The shares are offered at reasonable valuation
+ from fundamental angle: May Apply.
+ from grey market angle: ?
Quicklinks
Aditya Ultra Steel IPO GMP today allotment, review?
Aditya Ultra Steel IPO GMP grey market premium
Aditya Ultra Steel IPO FAQs
What is Aditya Ultra Steel IPO?
This is a SME IPO of 7400000 equity shares of the face value of Rs. 10 aggregating up to Rs.45.88 Crores. The issue is priced at Rs.62 per share. The minimum order quantity is 2000 Shares.
When will Aditya Ultra Steel IPO subscription open?
Aditya Ultra Steel IPO opens on September 9, 2024, and closes on September 11, 2024.
What is the lot size of Aditya Ultra Steel IPO?
Aditya Ultra Steel IPO lot size is 2000 Shares, and the minimum amount required is Rs.124000
How to apply for Aditya Ultra Steel IPO?
You can apply in Aditya Ultra Steel 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Aditya Ultra Steel IPO allotment?
The finalization of Basis of Allotment for Aditya Ultra Steel 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 IPO listing date?
Aditya Ultra Steel IPO listing date is September 16, 2024.
Subscription status of Aditya Ultra Steel IPO
Aditya Ultra Steel IPO (Closed)
Price Rs. 62 Lot 2000 shares, Rs. 45.88 Crore
|
| QIB |
NII x |
RII x |
Total x |
Applications |
| 1.21 |
12.16 |
23.26 |
10.58 |
28,637 (23.26x) |
| Amount wise bids recd. Rs. ? Crore |
| Note: |
What is the business of Aditya Ultra Steel?
Aditya Ultra Steel IPO 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. The Company manufactures TMT bars from billets through reheating furnace and rolling mill. It has a history of more than 12 (Twelve) years in manufacturing of TMT bars industry. It designs and manufactures TMT bars and sell it on B2B Basis. Its customer base is mainly spread across the State of Gujarat. The company its manufacturing plant located in Survey No-48, Wankaner Boundry, 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.
Get more information about the company @ http://www.adityaultrasteel.com/
Aditya Ulta Steel IPO Details
|
| IPO opens on |
9 September 2024 |
| IPO closes on |
11 September 2024 |
| Issue Type |
Book Built Issue IPO |
| Issue Size |
7400,000 Shares /
Rs 45.88 Crore |
| * Fresh Issue |
7400,000 Shares /
Rs 45.88 Crore |
| * Offer for Sale – |
– shares /
Rs. – crore |
| Market Maker Portion |
370000 Shares |
| Net offer to Public |
7030000 Shares/
Rs.43.59 Crore |
| Face Value per share |
Rs. 10 |
| Price Band |
Rs.59-62 |
| Employee discount |
Rs. 0 per share |
| Retail Lot Size |
2000 Shares |
| Listing will at |
NSE SME |
Shares offered in IPO
|
| |
Shares |
Rs. (Crore) |
| QIB (50%) |
3515000 |
21.79 |
| NII (15%) |
1054500 |
6.54 |
| RII (35%) |
2460500 |
15.26 |
| Total Shares |
7030000 |
43.59 |
| Retail portion will be oversubscribed by |
1230 |
| Forms |
| How much Shares to Apply in this IPO? |
| Min Retail Application |
2000 Shares |
Rs.124000 |
| Min HNI Application |
4000 Shares |
Rs.248000 |
Who are the Promoters of Aditya Ultra Steel IPO?
Mr. Varun Manojkumar Jain and Mrs. Varuna Varun Jain are the promoters of the company.
What are the Objects of Aditya Ultra Steel IPO?
The Offer comprises of fresh issue of shares.
The company intends to use the net proceeds from the issue towards these objectives:
- To meet Capital Expenditure
- To meet Working Capital Requirements
- General Corporate Purposes
- To meet the Public Issue Expenses
Registered Office of the Company
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
|
Who is the Lead Manager of this IPO?
Swastika Investmart Ltd
|
|
Who is the Registrar to IPO?
Cameo Corporate Services Limited
|
Aditya Ultra Steel IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Aditya Ultra Steel IPO Financial & Analytical Ratios
|
| Year |
Total
Income |
Net
Profit |
EPS |
RoNW |
| |
Rs.in Crore |
Rs.in Crore |
Rs. |
% |
| 2021-22 |
515.98 |
4.89 |
2.86 |
18.89 |
| 2022-23 |
530.49 |
2.78 |
1.63 |
9.69 |
| 2023-24 |
588.56 |
7.92 |
4.62 |
21.08 |
Book Value of the
Share on 31.03.2024 |
Rs |
28.15 |
|
|
BV of the Share at
cap price after IPO |
Rs. |
– |
|
|
| Offer Price/upper band |
Rs. |
62 |
|
|
IPO
Key Performance indicators
|
| Price/EPS of 23-24 |
13.42 |
| Price/BV Ratio |
2.20 |
| Price/BV after IPO |
– |
How Aditya Ultra Steel IPO compares with the Peers?
| As on date of RHP |
FV |
Total |
PE |
| |
Rs. |
Income |
Ratio of |
| |
|
Rs. In Crore |
|
| Aditya Ultra Steel |
10 |
588 |
13.42 |
| Rathi Bars |
10 |
614 |
15.93 |
| Mangalam Worldwide |
10 |
818 |
16.77 |
| |
|
|
|
| |
|
|
|
| |
|
|
|
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Aditya Ultra Steel IPO Review
Aditya Ultra Steel IPO 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.
Size: Net size of the IPO is Rs.43.59 crore, comprising of 7030000 shares. The size of the IPO is very large and so oversubscription is not difficult.
Financial Snapshot: The company has good profitability during last 3 years. The shares are offered at reasonable valuation
+ from fundamental angle: May Apply.
+ from grey market angle: ?
Quicklinks
Aditya Ultra Steel IPO GMP today allotment, review?
Aditya Ultra Steel IPO GMP grey market premium
Aditya Ultra Steel IPO FAQs
What is Aditya Ultra Steel IPO?
This is a SME IPO of 7400000 equity shares of the face value of Rs. 10 aggregating up to Rs.45.88 Crores. The issue is priced at Rs.62 per share. The minimum order quantity is 2000 Shares.
When will Aditya Ultra Steel IPO subscription open?
Aditya Ultra Steel IPO opens on September 9, 2024, and closes on September 11, 2024.
What is the lot size of Aditya Ultra Steel IPO?
Aditya Ultra Steel IPO lot size is 2000 Shares, and the minimum amount required is Rs.124000
How to apply for Aditya Ultra Steel IPO?
You can apply in Aditya Ultra Steel 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Aditya Ultra Steel IPO allotment?
The finalization of Basis of Allotment for Aditya Ultra Steel 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 IPO listing date?
Aditya Ultra Steel IPO listing date is September 16, 2024.
What was the last grey market premium of Aditya Ultra Steel IPO?
GMP Rs.0
Subscription status of Aditya Ultra Steel IPO
Aditya Ultra Steel IPO (Closed)
Price Rs. 62 Lot 2000 shares, Rs. 45.88 Crore
|
| QIB |
NII x |
RII x |
Total x |
Applications |
| 1.21 |
12.16 |
23.26 |
10.58 |
28,637 (23.26x) |
| Amount wise bids recd. Rs. ? Crore |
| Note: |
What is the business of Aditya Ultra Steel?
Aditya Ultra Steel IPO 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. The Company manufactures TMT bars from billets through reheating furnace and rolling mill. It has a history of more than 12 (Twelve) years in manufacturing of TMT bars industry. It designs and manufactures TMT bars and sell it on B2B Basis. Its customer base is mainly spread across the State of Gujarat. The company its manufacturing plant located in Survey No-48, Wankaner Boundry, 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.
Get more information about the company @ http://www.adityaultrasteel.com/
Aditya Ulta Steel IPO Details
|
| IPO opens on |
9 September 2024 |
| IPO closes on |
11 September 2024 |
| Issue Type |
Book Built Issue IPO |
| Issue Size |
7400,000 Shares /
Rs 45.88 Crore |
| * Fresh Issue |
7400,000 Shares /
Rs 45.88 Crore |
| * Offer for Sale – |
– shares /
Rs. – crore |
| Market Maker Portion |
370000 Shares |
| Net offer to Public |
7030000 Shares/
Rs.43.59 Crore |
| Face Value per share |
Rs. 10 |
| Price Band |
Rs.59-62 |
| Employee discount |
Rs. 0 per share |
| Retail Lot Size |
2000 Shares |
| Listing will at |
NSE SME |
Shares offered in IPO
|
| |
Shares |
Rs. (Crore) |
| QIB (50%) |
3515000 |
21.79 |
| NII (15%) |
1054500 |
6.54 |
| RII (35%) |
2460500 |
15.26 |
| Total Shares |
7030000 |
43.59 |
| Retail portion will be oversubscribed by |
1230 |
| Forms |
| How much Shares to Apply in this IPO? |
| Min Retail Application |
2000 Shares |
Rs.124000 |
| Min HNI Application |
4000 Shares |
Rs.248000 |
Who are the Promoters of Aditya Ultra Steel IPO?
Mr. Varun Manojkumar Jain and Mrs. Varuna Varun Jain are the promoters of the company.
What are the Objects of Aditya Ultra Steel IPO?
The Offer comprises of fresh issue of shares.
The company intends to use the net proceeds from the issue towards these objectives:
- To meet Capital Expenditure
- To meet Working Capital Requirements
- General Corporate Purposes
- To meet the Public Issue Expenses
Registered Office of the Company
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
|
Who is the Lead Manager of this IPO?
Swastika Investmart Ltd
|
|
Who is the Registrar to IPO?
Cameo Corporate Services Limited
|
Aditya Ultra Steel IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Aditya Ultra Steel IPO Financial & Analytical Ratios
|
| Year |
Total
Income |
Net
Profit |
EPS |
RoNW |
| |
Rs.in Crore |
Rs.in Crore |
Rs. |
% |
| 2021-22 |
515.98 |
4.89 |
2.86 |
18.89 |
| 2022-23 |
530.49 |
2.78 |
1.63 |
9.69 |
| 2023-24 |
588.56 |
7.92 |
4.62 |
21.08 |
Book Value of the
Share on 31.03.2024 |
Rs |
28.15 |
|
|
BV of the Share at
cap price after IPO |
Rs. |
– |
|
|
| Offer Price/upper band |
Rs. |
62 |
|
|
IPO
Key Performance indicators
|
| Price/EPS of 23-24 |
13.42 |
| Price/BV Ratio |
2.20 |
| Price/BV after IPO |
– |
How Aditya Ultra Steel IPO compares with the Peers?
| As on date of RHP |
FV |
Total |
PE |
| |
Rs. |
Income |
Ratio of |
| |
|
Rs. In Crore |
|
| Aditya Ultra Steel |
10 |
588 |
13.42 |
| Rathi Bars |
10 |
614 |
15.93 |
| Mangalam Worldwide |
10 |
818 |
16.77 |
| |
|
|
|
| |
|
|
|
| |
|
|
|
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Aditya Ultra Steel IPO Review
Aditya Ultra Steel IPO 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.
Size: Net size of the IPO is Rs.43.59 crore, comprising of 7030000 shares. The size of the IPO is very large and so oversubscription is not difficult.
Financial Snapshot: The company has good profitability during last 3 years. The shares are offered at reasonable valuation
+ from fundamental angle: May Apply.
+ from grey market angle: ?
Quicklinks
Aditya Ultra Steel IPO GMP today allotment, review?
Aditya Ultra Steel IPO GMP grey market premium
Aditya Ultra Steel IPO FAQs
What is Aditya Ultra Steel IPO?
This is a SME IPO of 7400000 equity shares of the face value of Rs. 10 aggregating up to Rs.45.88 Crores. The issue is priced at Rs.62 per share. The minimum order quantity is 2000 Shares.
When will Aditya Ultra Steel IPO subscription open?
Aditya Ultra Steel IPO opens on September 9, 2024, and closes on September 11, 2024.
What is the lot size of Aditya Ultra Steel IPO?
Aditya Ultra Steel IPO lot size is 2000 Shares, and the minimum amount required is Rs.124000
How to apply for Aditya Ultra Steel IPO?
You can apply in Aditya Ultra Steel 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Aditya Ultra Steel IPO allotment?
The finalization of Basis of Allotment for Aditya Ultra Steel 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 IPO listing date?
Aditya Ultra Steel IPO listing date is September 16, 2024.
September 16, 2024
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