Aditya Ultra Steel Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| 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 | 2,000 Shares |
| Total Issue Size | 74,00,000 shares (aggregating up to ₹ 45.88 Cr) |
| Fresh Issue | 74,00,000 shares (aggregating up to ₹ 45.88 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,74,35,568 |
| Share holding post issue | 2,48,35,568 |
| Market Maker portion | 3,70,000 shares Sunflower Broking |
About Aditya Ultra Steel Limited IPO And Its GMP
Aditya Ultra Steel Limited is engaged in the business of manufacturing rolled steel products 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 a reheating furnace and rolling mill. They have a history of more than 12 (Twelve) years in the manufacturing of TMT bars industry.
They design and manufacture TMT bars and sell them on a B2B Basis. Their customer base is mainly spread across the State of Gujarat. They have the manufacturing plant located in Survey No-48, Wankarner Boudry, 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.
Aditya Ultra Steel Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
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.
Objectives of Aditya Ultra Steel IPO
- The company intends to use the net proceeds from the issue towards these objectives:
- 1. To meet Capital Expenditure
- 2. To meet Working Capital Requirements
- 3. General Corporate Purposes
- 4. To meet the Public Issue Expenses
Aditya Ultra Steel IPO Review
The company enjoys the benefit of its tie-up with KMIL and the use of its popular Kamdhenu Brand has helped it to create a niche place in the TMT bars market with a B2B model. It suffered a setback for FY23 in line with adverse conditions in the market with higher coal prices and lower steel prices. Since things are reversed and it has added capacities, it earned better margins for FY24. Based on concluded fiscal earnings, the issue appears fully priced. Investors may park funds for the medium to long term.
Aditya Ultra Steel Limited IPO And Its GMP Financial Information
Latest Revenue
58,856.29
₹ Crore
Profit After Tax
792.34
₹ Crore
Net Worth
3,758.21
₹ Crore
Total Borrowing
5,427.07
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 14,752.33 | 58,856.29 | 792.34 | 3,758.21 | 5,427.07 | ||||
| 31 Mar 2023 | 9,734.65 | 53,048.91 | 2,77,66,000 | 2,77,66,000 | 4,984.14 | ||||
| 31 Mar 2022 | 91,56,62,000 | 51,598.34 | 488.9 | 25,88,19,999.99 | 4,695.12 | ||||
| Amount in ₹ Crore | |||||||||
Aditya Ultra Steel Limited IPO And Its GMP Key Performance Indicator
| 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 | 4.54 |
| P/E (x) | 13.64 | 19.43 |
Frequently Asked Questions
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Competitive Strengths
Aditya Ultra Steel Limited IPO And Its GMP IPO Timeline
| 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
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |