Aditya Ultra Steel Limited
Bookbuilding IPO · NSE
- Price band
- ₹59 - ₹62
- Lot size
- 2,000 shares
- Issue amount
- ₹45.88 cr
- Total subscription
- 10.76×
- Opens
- 9 Sept 2024
- Closes
- 11 Sept 2024
- Allotment
- 12 Sept 2024
- Listing
- 16 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 74,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,18,000
- Fresh issue
- ₹45.88 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,24,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,74,35,568
- Shares after issue
- 2,48,35,568
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,24,000 |
| HNI | 2 | 4,000 | ₹2,48,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 21.77 | 26.33 |
| RETAIL | 15.26 | 360.72 |
| NIB | 6.55 | 82.03 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.62 | 1.63 | 2.86 |
| ROE | 23.92 | 10.18 | 21.33 |
| ROCE | 18.75 | 10.76 | 14.33 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 13.64 | 0 | 0 |
| POST IPO(PE) | 19.43 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Aditya Ultra Steel Limited is a leading steel manufacturer, founded in 2011, known for producing TMT bars under the brand name "Kamdhenu". The company’s modern manufacturing plant is based in Wankaner, Gujarat, with a strong production capacity of 1,08,000 MT per year. Using advanced technology like reheating furnaces and rolling mills, the company supplies high-quality steel products mainly to the construction and infrastructure sectors. As of April 30, 2024, the company has a team of 149 employees, including skilled executives, who play a key role in its growth and success.
Strengths
- Experienced Leadership: Our expert management team makes smart decisions and guides the company in the right direction.
- Skilled Workforce: Our talented and dedicated team works hard to deliver top-quality products with efficiency.
- Optimal Location: Our manufacturing plant is strategically located, making transportation easier and helping us reach markets faster.
Risk factors
- Brand Dependency: The company depends heavily on the Kamdhenu brand, making it risky if anything harms the brand's reputation.
- Corporate Guarantees: The company may face large financial losses if it has to pay off debts of its group companies due to corporate guarantees.
- Regional Concentration: Since the company mainly operates in Gujarat, any negative events in the region could badly affect its business and financial health.
Promoters
Mr. Varun Manojkumar Jain
Mrs. Varuna Varun Jain
Registrar & documents
Lead manager
Swastika Investmart Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Survey No.888/807/810, FP-25,28,T 808-C Pinnacle, Prahlad Nagar Area, Opp. Royal Arcade, AUDA Garden, Ahmedabad- 380 015
079 - 4890 1470
[email protected]Company website ↗Understanding AUSL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.