Aditya Ultra Steel Limited IPO Overview
Aditya Ultra Steel IPO is a book-built issue of Rs 45.88 crores. The issue is entirely a fresh issue of 74 lakh shares.
Aditya Ultra Steel IPO opens for subscription on September 9, 2024, and closes on September 11, 2024. The allotment for the Aditya Ultra Steel IPO is expected to be finalized on Thursday, September 12, 2024. Aditya Ultra Steel IPO will be listed on NSE SME with a tentative date fixed as Monday, September 16, 2024.
Aditya Ultra Steel’s IPO price band is set at ₹59 to ₹62 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹248,000.
Swastika Investment Ltd is the book-running lead manager of the Aditya Ultra Steel IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Aditya Ultra Steel IPO is Sunflower Broking.
Refer to Aditya Ultra Steel IPO RHP for detailed information.
Aditya Ultra Steel Limited IPO Important dates
Aditya Ultra Steel IPO opens on September 9, 2024, and closes on September 11, 2024.
| IPO Open Date | Monday, September 9, 2024 |
| IPO Close Date | Wednesday, September 11, 2024 |
| Basis of Allotment | Thursday, September 12, 2024 |
| Initiation of Refunds | Friday, September 13, 2024 |
| A credit of Shares to Demat | Friday, September 13, 2024 |
| Listing Date | Monday, September 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 11, 2024 |
Aditya Ultra Steel Limited Financial Performance
Aditya Ultra Steel Limited’s revenue increased by 11% and profit after tax (PAT) dropped by -100% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets (in ₹ Crore) | 147.52 | 97.35 | 915.66 |
| Revenue (in ₹ Crore) | 588.56 | 530.49 | 515.98 |
| Profit After Tax (in ₹ Crore) | 7.92 | 27.77 | 4.89 |
| Net Worth (in ₹ Crore) | 37.58 | 28.66 | 258.82 |
| Reserves and Surplus (in ₹ Crore) | 31.29 | 27.40 | 24.62 |
| Total Borrowing (in ₹ Crore) | 54.27 | 49.84 | 46.95 |
Aditya Ultra Steel Limited IPO Key Performance Indicator
The market capitalization of Aditya Ultra Steel IPO is Rs 153.98 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 23.92% |
| ROCE | 18.75% |
| Debt/Equity | 1.44 |
| RoNW | 21.08% |
| P/BV | 2.83 |
| PAT Margin (%) | 1.35 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.54 | 3.19 |
| P/E (x) | 13.64 | 19.43 |
Note:
- The Pre IPO EPS is calculated based on pre-issue shareholding as of the date of RHP and the latest FY earnings as of March 31, 2024, available in RHP.
- The post-issue EPS is calculated based on the post-issue shareholding and annualized FY earnings of March 31, 2024, available in RHP.
Aditya Ultra Steel Limited IPO Objectives
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
Aditya Ultra Steel Limited IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
Aditya Ultra Steel Limited IPO Details
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹59 to ₹62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 7,400,000 shares (aggregating up to ₹45.88 Cr) |
| Fresh Issue | 7,400,000 shares (aggregating up to ₹45.88 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 17,435,568 |
| Shareholding post issue | 24,835,568 |
| Market Maker portion | 370,000 shares |
Aditya Ultra Steel Limited Company Overview and Services
Aditya Ultra Steel Limited, founded in 2011, manufactures rolled steel products, i.e. TMT bars, under the brand name “Kamdhenu”.
The company manufactures TMT bars from billets in a reheating furnace and a rolling mill, mainly catering to the construction industry and infrastructure development. The company’s manufacturing facility is located in Wankaner, Gujarat and has a production capacity of 1,08,000 MT for TMT bars.
As of April 30, 2024, the company employed a total of 149 full-time employees, including executives.
Aditya Ultra Steel Limited IPO SWOT Analysis
Strengths:
- Established Market Presence: Aditya Ultra Steel Limited has a solid reputation in the steel industry, backed by years of experience and consistent performance, which can attract investors looking for stable opportunities.
- Strong Distribution Network: The company benefits from an extensive distribution network, ensuring efficient delivery of products across diverse markets.
- Focus on Innovation: Investment in modern technologies and innovative practices helps enhance product quality, reduce production costs, and improve operational efficiency.
- Diverse Product Portfolio: Offering a wide range of steel products caters to multiple industries, reducing dependency on any single market segment and ensuring steady revenue streams.
- Financial Stability: Consistent financial performance, including healthy profit margins and cash flow, positions the company well for growth and expansion opportunities.
Weaknesses:
-
- High Dependence on Raw Material Prices: Fluctuations in the cost of raw materials like iron ore and coal can significantly impact the company’s profitability, making it vulnerable to external market conditions.
- Limited Global Reach: While strong in the domestic market, the company’s international presence is relatively limited, reducing its potential for growth in global markets.
- Capital-Intensive Operations: The steel industry is highly capital-intensive, requiring substantial investment in infrastructure and technology, which can strain financial resources.
- Exposure to Cyclical Industry Risks: The steel industry is cyclical, with demand heavily influenced by economic conditions, infrastructure spending, and industrial growth, which can lead to periods of volatility in performance.
- Environmental and Regulatory Challenges: Compliance with stringent environmental regulations and sustainability standards can increase operational costs and require additional investments.
Opportunities:
- Growing Demand in Infrastructure: Increasing investments in infrastructure development in India create significant demand for steel products, providing a growth opportunity for the company.
- Expansion into New Markets: Potential to expand operations into international markets and diversify revenue streams.
- Adoption of Green Steel Initiatives: Growing emphasis on sustainability and green steel production offers a chance for the company to innovate and gain a competitive edge.
Threats:
- Intense Competition: The steel industry is highly competitive, with numerous players vying for market share, which could pressure margins.
- Economic Slowdowns: Global and domestic economic downturns can adversely affect the demand for steel, impacting the company’s revenues.
- Regulatory Risks: Changes in government policies, environmental regulations, and trade tariffs could pose challenges to operations and profitability.
Aditya Ultra Steel Limited IPO GMP Details
Aditya Ultra Steel SME IPO last GMP is ₹0, last updated Sep 6th, 2024. With a price band of 62.00, Aditya Ultra Steel SME IPO‘s estimated listing price is ₹62 (cap price + today’s GMP). The expected percentage gain/loss per share is 0.00%.
Stay with us to know the daily price trend of Aditya Ultra Steel SME IPO GMP with an expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 06-09-2024 | 62.00 | ₹0  |
— | ₹62 (0%) | 6-Sep-2024 |
| 05-09-2024 | 62.00 | ₹0 |
— | ₹62 (0%) | 5-Sep-2024 |
| 04-09-2024 | 62.00 | ₹0 |
— | ₹62 (0%) | 4-Sep-2024 |
| 03-09-2024 | 62.00 | ₹0 |
— | ₹62 (0%) | 3-Sep-2024 |
Aditya Ultra Steel Limited IPO subscription status
Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Aditya Ultra Steel Limited IPO Allotment status
Aditya Ultra Steel IPO allotment status is not available at this time. Aditya Ultra Steel IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Aditya Ultra Steel Limited’s IPO allotment status.
To check Aditya Ultra Steel’s IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number, or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
Aditya Ultra Steel Limited Contact 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: cs@adityaultrasteel.com
Website: http://www.adityaultrasteel.com/
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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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