Aditya Ultra Steel IPO GMP, Review, Price, Allotment

Aditya Ultra Steel IPO description – Aditya Ultra Steel manufactures TMT bars under the Kamdhenu brand for the construction and infrastructure industries. The company uses a reheating furnace and rolling mill to produce TMT bars from billets. The company operates on a B2B basis, primarily serving customers in Gujarat.

Aditya Ultra Steel is a manufacturing plant in Rajkot, Gujarat. As of June 2024, the company has an integrated production capacity of 1,08,000 metric tons for TMT Bars. The company operates at approximately 85% of its capacity due to high demand and operational efficiency.

The company is fully equipped and has witnessed significant growth in operational revenue, increasing from INR 145 crore in FY 2017-18 to INR 530.45 crore in FY 2023-24, showing a CAGR of around 40%. It supplies the TMT bars to 73 dealers and employs 149 full-time staff, including key managerial personnel as of 30 April 2024.

Promoters of Aditya Ultra Steel – Sunny Sunil Singhi, Varun Manojkumar Jain and Varuna Jain

Aditya Ultra Steel IPO Details

Aditya Ultra Steel IPO Dates	9 – 11 September 2024
Aditya Ultra Steel Issue Price	INR 59 – 62 per share
Fresh issue	74,00,000 shares (INR 45.88 crore)
Offer For Sale	NIL
Total IPO size	74,00,000 shares (INR 45.88 crore)
Minimum bid (lot size)	2,000 shares (INR 1,24,000)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE Emerge

Aditya Ultra Steel Financial Performance

	FY 2022	FY 2023	FY 2024
Revenue	515.36	530.45	587.80
Expenses	508.83	526.70	577.84
Net income	4.89	2.78	7.92

Figures in INR Crores unless specified otherwise

Aditya Ultra Steel Offer News

Aditya Ultra Steel Valuations & Margins

	FY 2022	FY 2023	FY 2024
EPS	2.86	1.63	4.62
PE ratio	–	–	12.77 – 13.42
RONW (%)	18.89	9.69	21.08
NAV	21.56	23.18	28.15
ROCE (%)	14.33	10.76	18.75
EBITDA (%)	2.12	1.86	3.06
Debt/Equity	1.81	1.74	1.44

*Compiled by IPO Central from Prospectus

Aditya Ultra Steel IPO GMP Today

Aditya Ultra Steel IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of shares is not included in the above calculations.

Aditya Ultra Steel IPO Allotment Status

Aditya Ultra Steel IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.

Aditya Ultra Steel IPO Dates & Listing Performance

IPO Opening Date	9 September 2024
IPO Closing Date	11 September 2024
Finalization of Basis of Allotment	12 September 2024
Initiation of refunds	13 September 2024
Transfer of shares to demat accounts	13 September 2024
IPO Listing Date	16 September 2024
Opening Price on NSE SME	Coming soon
Closing Price on NSE SME	Coming soon

Aditya Ultra Steel Offer Lead Manager

SWASTIKA INVESTMENT LIMITED
Flat No.18, 2nd Floor, North Wing,
Madhaveshwar Co-operative Housing Society Ltd,
Madhav Nagar, 11/12, S. V. Road, Andheri W, Mumbai – 400058
Phone: +91-07316644244
Email: [email protected]
Website: www.swastika.co.in

Aditya Ultra Steel Offer Registrar

CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700/ 2846 0390
Email: [email protected]
Website: www.cameoindia.com

ADITYA ULTRA STEEL LIMITED
Survey No-48, Wankarner Boudry, Bhalgam, National Highway
8-A, Wankaner, Rajkot, Wankaner, Gujarat-363621, India
Phone: +91-6357585716
E-mail: [email protected]
Website: www.aditya-ultra-steel.com