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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.
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IPO OVERVIEW
- Issue Size: ₹45.88 crore
- ● Issue Type: Entirely a fresh issue (74 lakh shares)
- IPO Dates:
- ● Opens: September 9, 2024
- ● Closes: September 11, 2024
- Price Band: ₹59 to ₹62 per share
- Minimum Lot Size: 2000 shares
- Book Running Lead Manager: Swastika Investmart Ltd
- Registrar: Cameo Corporate Services Limited
- Market Maker: Sunflower Broking
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Aditya Ultra Steel Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 62 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Aditya Ultra Steel IPO Overview
| 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 | 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 |
| Share holding post issue | 24,835,568 |
| Market Maker portion | 370,000 shares Sunflower Broking |
Aditya Ultra Steel IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
Aditya Ultra Steel Limited 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 |
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 IPO Promoter Holding
| Share Holding Pre Issue | 97.94% |
| Share Holding Post Issue | 68.76% |
Company & Financials
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.
Aditya Ultra Steel Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||||||||||||
| Assets | 14,752.33 | 9,734.65 | 91,56,62,000 | |||||||||||||||||||||||||||||||||||||
| Revenue | 58,856.29 | 53,048.91 | 51,598.34 | |||||||||||||||||||||||||||||||||||||
| Profit After Tax | 792.34 | 2,77,66,000 | 488.9 | |||||||||||||||||||||||||||||||||||||
| Net Worth | 3,758.21 | 2,865.86 | 25,88,19,999.99 | |||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 3,128.6 | 2,739.81 | 2,462.15 | |||||||||||||||||||||||||||||||||||||
| Total Borrowing | 5,427.07 | 4,984.14 | 4,695.12 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
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 | 3.19 |
| P/E (x) | 13.64 | 19.43 |
Objectives of Aditya Ultra Steel IPO
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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.
FAQs for Aditya Ultra Steel IPO
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What is Aditya Ultra Steel IPO?
Aditya Ultra Steel IPO is a main-board IPO. The company is going to raise ₹45.88 Crores via IPO. The issue is priced at ₹59 to ₹62 per equity share. The IPO is to be listed on NSE & SME.
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When will the Aditya Ultra Steel IPO open for subscription?
The IPO is to open on September 9, 2024, for QIB, NII, and Retail Investors. The IPO will close on September 11, 2024.
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What is Aditya Ultra Steel IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Aditya Ultra Steel's Issue Size?
Aditya Ultra Steel's issue size is ₹45.88 crores.
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What is Aditya Ultra Steel IPO Price Band?
Aditya Ultra Steel IPO Price Band is ₹59 to ₹62.
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What is Aditya Ultra Steel's IPO Lot Size?
The minimum bid is 2000 Shares with ₹1,24,000 amount.
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What is the Aditya Ultra Steel IPO Allotment Date?
Aditya Ultra Steel's IPO allotment date is September 12, 2024.
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What is the Aditya Ultra Steel IPO Listing Date?
Aditya Ultra Steel's IPO listing date is September 16, 2024. The IPO is to list on NSE and SME.
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What is the current GMP of Aditya Ultra Steel?
The current GMP of Aditya Ultra Steel is ---.
DRHP:
DRHP of Aditya Ultra Steel Limited IPO.
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What is Aditya Ultra Steel IPO?
Aditya Ultra Steel IPO is a main-board IPO. The company is going to raise ₹45.88 Crores via IPO. The issue is priced at ₹59 to ₹62 per equity share. The IPO is to be listed on NSE & SME.
-
When will the Aditya Ultra Steel IPO open for subscription?
The IPO is to open on September 9, 2024, for QIB, NII, and Retail Investors. The IPO will close on September 11, 2024.
-
What is Aditya Ultra Steel IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Aditya Ultra Steel's Issue Size?
Aditya Ultra Steel's issue size is ₹45.88 crores.
-
What is Aditya Ultra Steel IPO Price Band?
Aditya Ultra Steel IPO Price Band is ₹59 to ₹62.
-
What is Aditya Ultra Steel's IPO Lot Size?
The minimum bid is 2000 Shares with ₹1,24,000 amount.
-
What is the Aditya Ultra Steel IPO Allotment Date?
Aditya Ultra Steel's IPO allotment date is September 12, 2024.
-
What is the Aditya Ultra Steel IPO Listing Date?
Aditya Ultra Steel's IPO listing date is September 16, 2024. The IPO is to list on NSE and SME.
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What is the current GMP of Aditya Ultra Steel?
The current GMP of Aditya Ultra Steel is ---.
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