Aditya Ultra Steel Ltd
Price Range
₹59 - ₹62
Min. Quantity
2,000
Closes on
11 September 2024
Min. investment
₹1,24,000/2,000 Shares
Aditya Ultra Steel Ltd IPO Timeline
Aditya Ultra Steel Limited was incorporated as 'Aditya Ultra Steel Private Limited' on July 27, 2011 with the Registrar of Companies, Gujarat and later on converted into a Public Limited Company in the name of Aditya Ultra Steel Limited' on July 26, 2018. The Company started the business in commercial production in year 2012-13. Then later on in 2016-17, Company was acquired by Mr. Varun Manojkumar Jain and Mrs. Varuna Jain as a going concern effective on May 1, 2016.
| Event | Date |
|---|---|
| Aditya Ultra Steel Ltd IPO Opening Date | 9 September 2024 |
| Aditya Ultra Steel Ltd IPO Closing Date | 11 September 2024 |
| Basis of Allotment | 12 September 2024 |
| Initiation of Refunds | 13 September 2024 |
| Credit of Shares to Demat | 13 September 2024 |
| Aditya Ultra Steel Ltd IPO Listing Date | 16 September 2024 |
Aditya Ultra Steel Ltd IPO Details
| Aditya Ultra Steel Ltd IPO Date | 9 September 2024 to 11 September 2024 |
| Aditya Ultra Steel Ltd IPO Face Value | ₹10 per share |
| Aditya Ultra Steel Ltd IPO Price | ₹59 to ₹62 per share |
| Aditya Ultra Steel Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹45.88 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹45.88 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Sunny Sunil Singhi, Varun Manojkumar Jain, Varun Jain |
Aditya Ultra Steel Ltd IPO Lot Size
The Aditya Ultra Steel Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,24,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,24,000 |
| Maximum | 1 | 2,000 | ₹1,24,000 |
- Strengths
- Risks
- Opportunities
- Qualified and experienced management team.
- Skilled and dedicated manpower.
- Strategically located Manufacturing Plant.
- Existing customer relationship.
- Cordial relationship between management and labour.
- Flit of Company Owned Vehicle.
Company Financials
Aditya Ultra Steel Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 147.52 | 588.56 | 7.92 |
| 03-2023 | 97.35 | 530.49 | 2.78 |
| 03-2022 | 91.57 | 515.98 | 4.89 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital Expenditure
- To meet working capital requirements
- General corporate purposes
Aditya Ultra Steel Ltd IPO Promoter Holding
| Pre Issue Share Holding | 35.27% |
| Post Issue Share Holding | 24.76% |
Aditya Ultra Steel Ltd IPO Subscription Status (Bidding Detail)
The Aditya Ultra Steel Ltd IPO is subscribed 10.2238 times on 11 September 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 10.2238 |
Aditya Ultra Steel Ltd IPO Prospectus
Aditya Ultra Steel Ltd IPO Listing Date
| Listing Date | 16 September 2024 |
| BSE Script | 73685 |
| NSE Symbol | AUSL |
| Listing In | NSE - SME |
| ISIN | INE01YQ01013 |
| IPO Price | ₹62 |
| Face Value | ₹10 |
Company Contact Information
Sy No.48 Wankarner BoudryBhalgam N.Highways 8-A Rajkot,Wankaner-363621
Phone: +91 63575 85716
Email: cs@aditya-ultra-steel.com
Website: www.aditya-ultra-steel.com
Aditya Ultra Steel Ltd IPO Registrar
Aditya Ultra Steel Ltd IPO Lead Manager(s)
- Swastika Investment Ltd
FAQ
What is the issue size of Aditya Ultra Steel Ltd IPO?
I have pre-applied for Aditya Ultra Steel Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.