Aditya Ultra Steel IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 09 to Sep 11 2024
Price Band
₹59 - 62
Current GMP
₹69.9(12.74%)
Subscription
10.08 times
IPO Details
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | Monday, September 16, 2024 |
| 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 |
| Share holding pre issue | 17,435,568 |
| Share holding post issue | 24,835,568 |
| Market Maker portion | 370,000 shares Sunflower Broking |
IPO Date
September 9, 2024 to September 11, 2024
Listing Date
Monday, September 16, 2024
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
Share holding pre issue
17,435,568
Share holding post issue
24,835,568
Market Maker portion
370,000 shares Sunflower Broking
IPO Subscription Details
| Market Maker | 1 |
| Qualified Institutions | 1.21 |
| Non-Institutional Buyers*** | 11.95 |
| Retail Investors | 21.93 |
| Total ** | 10.08 |
Market Maker
1
Qualified Institutions
1.21
Non-Institutional Buyers***
11.95
Retail Investors
21.93
Total **
10.08
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Sep 9, 2024 | 0.87 | 1.49 | 4.11 | 2.10 |
| Day 2 Sep 10, 2024 | 1.01 | 2.38 | 10.39 | 4.50 |
| Day 3 Sep 11, 2024 | 1.21 | 11.95 | 21.93 | 10.08 |
DayDay 1
Sep 9, 2024
QIB0.87
NII*1.49
Retail4.11
Total2.10
DayDay 2
Sep 10, 2024
QIB1.01
NII*2.38
Retail10.39
Total4.50
DayDay 3
Sep 11, 2024
QIB1.21
NII*11.95
Retail21.93
Total10.08
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 16-09-2024 | 62.00 | 0(0.0%) | 62 |
| 15-09-2024 | 62.00 | 0(0.0%) | 62 |
| 14-09-2024 | 62.00 | 0(0.0%) | 62 |
| 13-09-2024 | 62.00 | 0(0.0%) | 62 |
| 12-09-2024 | 62.00 | 0(0.0%) | 62 |
| 11-09-2024 | 62.00 | 0(0.0%) | 62 |
| 10-09-2024 | 62.00 | 0(0.0%) | 62 |
| 09-09-2024 | 62.00 | 0(0.0%) | 62 |
| 08-09-2024 | 62.00 | 0(0.0%) | 62 |
| 07-09-2024 | 62.00 | 0(0.0%) | 62 |
| 06-09-2024 | 62.00 | 0(0.0%) | 62 |
| 05-09-2024 | 62.00 | 0(0.0%) | 62 |
| 04-09-2024 | 62.00 | 0(0.0%) | 62 |
| 03-09-2024 | 62.00 | 0(0.0%) | 62 |
Date16-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date15-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date14-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date13-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date12-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date11-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date10-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date09-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date08-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date07-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date06-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date05-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date04-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date03-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
IPO Important Dates
| 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 |
| 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 |
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
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
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹124,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹124,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹248,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 14,752.33 | 9,734.65 | 9,156.62 |
| Revenue | 58,856.29 | 53,048.91 | 51,598.34 |
| Profit After Tax | 792.34 | 277.66 | 488.9 |
| Net Worth | 3,758.21 | 2,865.86 | 2,588.2 |
| Reserves and Surplus | 3,128.6 | 2,739.81 | 2,462.15 |
| Total Borrowing | 5,427.07 | 4,984.14 | 4,695.12 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 202414,752.33
31 Mar 20239,734.65
31 Mar 20229,156.62
Period EndedRevenue
31 Mar 202458,856.29
31 Mar 202353,048.91
31 Mar 202251,598.34
Period EndedProfit After Tax
31 Mar 2024792.34
31 Mar 2023277.66
31 Mar 2022488.9
Period EndedNet Worth
31 Mar 20243,758.21
31 Mar 20232,865.86
31 Mar 20222,588.2
Period EndedReserves and Surplus
31 Mar 20243,128.6
31 Mar 20232,739.81
31 Mar 20222,462.15
Period EndedTotal Borrowing
31 Mar 20245,427.07
31 Mar 20234,984.14
31 Mar 20224,695.12
Key Performance Indicator
| ROE | 23.92% |
| ROCE | 18.75% |
| Debt/Equity | 1.44 |
| RoNW | 21.08% |
| P/BV | 2.83 |
| PAT Margin (%) | 1.35 |
| EPS (Rs) | 4.54 |
ROE
23.92%
ROCE
18.75%
Debt/Equity
1.44
RoNW
21.08%
P/BV
2.83
PAT Margin (%)
1.35
EPS (Rs)
4.54
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 3,70,000 (5%) |
| QIB Shares Offered | 35,12,000 (47.46%) |
| NII (HNI) Shares Offered | 10,56,000 (14.27%) |
| Retail Shares Offered | 24,62,000 (33.27%) |
| Total Shares Offered | 74,00,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
3,70,000 (5%)
QIB Shares Offered
35,12,000 (47.46%)
NII (HNI) Shares Offered
10,56,000 (14.27%)
Retail Shares Offered
24,62,000 (33.27%)
Total Shares Offered
74,00,000 (100%)
Information about company
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.
Objectives of IPO
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
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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