Aditya Ultra Steel Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

09 Sep 2024

Close Date

11 Sep 2024

Allotment

12 Sep 2024

Listing Date

16 Sep 2024

Exchange

BSE SME

Price Band

₹62

Listing Price

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Allotment Status

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Price Band

₹62

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

74,00,000 shares (aggregating up to ₹45.88 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹124,000

1 lot

Pre-IPO Holding

1,74,35,568 shares

Promoters

Post-IPO Holding

2,48,35,568 shares

Promoters

P/E (Pre)

13.64x

P/E (Post)

19.43x

EPS (Pre)

₹4.54

EPS (Post)

₹3.19

UPI Deadline

2024-09-11

Mandate

Anchor AllotmentSun, 08 Sep 2024

Basis of AllotmentThu, 12 Sep 2024

Refund InitiationFri, 13 Sep 2024

Demat CreditFri, 13 Sep 2024

Listing DayMon, 16 Sep 2024

UPI Mandate Deadline2024-09-11

Sale TypeFresh Capital

Net Offer to Public70,30,000 shares (aggregating up to ₹43.59 Cr)

Market Maker Quota3,70,000 shares (aggregating up to ₹2.29 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Aditya Ultra Steel Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 11 Sep 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	370,000	—	₹2.29
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	7,400,000	100%	₹45.88

IPO Shares Offered

Aditya Ultra Steel Ltd IPO total issue size: ₹45.88 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	370,000	₹2.29	5.00%
Total	7,400,000	₹45.88	100.00%

* Based on upper price band ₹62 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹62.00

Upper Band

Min Investment

₹124,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹248,000
Retail (Max — 13 Lots)	13	26,000	₹1,612,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,736,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,432,000

* Issue Price ₹62 × Lot Size 2,000 shares

IPO Schedule

Anchor

08 Sep 2024

✓ Done

IPO Open

09 Sep 2024

✓ Done

IPO Close

11 Sep 2024

✓ Done

Allotment

12 Sep 2024

✓ Done

Refunds

13 Sep 2024

✓ Done

Demat Credit

13 Sep 2024

✓ Done

Listing Day

16 Sep 2024

✓ Done

₹62.00

INR · BSE

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Issue ₹62.00 Live Price

About Aditya Ultra Steel Ltd

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. 

Objects of the Issue

To meet Capital Expenditure

General Corporate Purposes

To meet Working Capital Requirements

To meet the Public Issue Expenses

Aditya Ultra Steel Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹51,598.3

31 Mar 2022

₹53,048.9

31 Mar 2023

₹58,856.3

31 Mar 2024

Profit After Tax (PAT)

₹488.9

31 Mar 2022

₹277.7

31 Mar 2023

₹792.3

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	58856.29	53048.91	51598.34
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	792.34	277.66	488.90
Net Worth	3758.21	2865.86	2588.20
Total Assets	14752.33	9734.65	9156.62
Reserves & Surplus	3128.60	2739.81	2462.15
Borrowings	5427.07	4984.14	4695.12
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	1.35%	—	—

P/BV Ratio

2.83

RoE

23.92%

RoCE

18.75%

RoNW

21.08%

PAT Margin

1.35%

Debt/Equity

1.44

Issue Structure & Shareholding

Total Shares Offered74,00,000 (100.00%)

Net Offer to Public70,30,000 shares (aggregating up to ₹43.59 Cr)

Reserved for Market Maker3,70,000 shares (aggregating up to ₹2.29 Cr)

Pre-Issue Promoter Holding1,74,35,568 shares

Post-Issue Promoter Holding2,48,35,568 shares

P/BV Ratio2.83

RoE23.92%

RoCE18.75%

Debt / Equity1.44

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd

+91-44-28460390

ipo@cameoindia.com

https://ipo.cameoindia.com/

Check Allotment

Book Running Lead Managers

Swastika Investmart Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Aditya Ultra Steel Ltd IPO subscribed? ▲

Aditya Ultra Steel Ltd IPO is subscribed 1.00 times by Sep 11, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Aditya Ultra Steel Ltd IPO retail subscription status? ▼

The Aditya Ultra Steel Ltd IPO retail category is subscribed 1.00 times as of 11 Sep 2024. The retail portion is oversubscribed.

How to subscribe Aditya Ultra Steel Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 09 Sep 2024 and closes 11 Sep 2024. Min investment: ₹124,000 (1 lot = 2,000 shares). UPI mandate: 2024-09-11.

How many times Aditya Ultra Steel Ltd IPO subscribed? ▼

The Aditya Ultra Steel Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Aditya Ultra Steel Ltd IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 12 Sep 2024. Refunds: on 13 Sep 2024.

When Aditya Ultra Steel Ltd IPO will be listed? ▼

The Aditya Ultra Steel Ltd IPO listing date is 16 Sep 2024, Monday. Listed on: BSE SME. Issue price: ₹62. Estimated listing: ₹62. GMP: NIL.

When Aditya Ultra Steel Ltd IPO close? ▼

The Aditya Ultra Steel Ltd IPO closes on 11 Sep 2024, Wednesday. UPI mandate: 2024-09-11. Allotment: 12 Sep 2024. Listing: 16 Sep 2024.

Quick Actions

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Live Price LIVE

Last Price₹62.00

Change—

Issue Price₹62.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹62

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹124,000

GMPNIL

Est. Listing₹62

Subscribed1.00x

Open Date09 Sep 2024

Close Date11 Sep 2024

Allotment12 Sep 2024

Listing Date16 Sep 2024

ExchangeBSE SME

UPI Deadline2024-09-11