Aditya Ultra Steel SME IPO Details, Financials, Valuation & Peers

By IPOBaseLast Updated on

Get everything you need to know about the Aditya Ultra Steel IPO. Explore Aditya Ultra Steel IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.

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Status
Listed
Biding Dates
09 Sep - 11 Sep 2024
Price Range
₹59 - ₹62
Issue Size
₹45.88 crore
Listed Price
₹69.912.74%

Overview

Aditya Ultra Steel Limited is engaged in the business of steel manufacturing, specializing in the production of TMT bars under the Kamdhenu brand. With over 12 years of experience, the company caters primarily to the construction and infrastructure development sectors. Operating out of its state-of-the-art manufacturing facility in Wankaner, Gujarat, Aditya Ultra Steel has established a strong presence, especially within the Gujarat region. The company's integrated production capacity of 1,08,000 MT for TMT bars and its consistent revenue growth reflect its commitment to quality and innovation.

Key Points:

  • Industry: Manufacturing of TMT bars primarily for the construction and infrastructure sectors.
  • Brand: Produces TMT bars under the Kamdhenu brand.
  • Manufacturing Facility: Located in Wankaner, Gujarat, equipped with advanced testing labs, worker accommodations, and transport facilities.
  • Market Presence: Strong customer base across Gujarat, selling primarily on a B2B basis.
  • Production Capacity: Integrated capacity of 1,08,000 MT for TMT bars, underscoring the company’s manufacturing strength.

IPO Docs

Objects of the Issue

  • Capital Expenditure
  • To Meet Working Capital Requirements
  • General Corporate Purposes
  • To meet Public Issue Expenses

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates09 Sep - 11 Sep 2024
IPO Price Band₹59 - ₹62 per share
Fresh Issue 74,00,000 shares
Offer For SaleNIL
Total IPO Size₹45.88 crore
Face Value₹10
Listing OnNSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date09 Sep 2024
IPO Closing Date11 Sep 2024
Basis Of Allotment12 Sep 2024
Refunds13 Sep 2024
Demat Transfer13 Sep 2024
IPO Listing Date16 Sep 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202231st March 202331st March 2024
Total Income515.98530.49588.56
Total Expenses508.83526.70577.84
Net Profit/Loss4.892.787.92
NPM (*)0.950.521.35
Total Assets91.5797.35147.52
Total Liabilities54.7457.7599.00

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202231st March 202331st March 2024
EPS2.861.634.62
ROE (%)21.3310.1823.92
ROCE (%)14.3310.7618.75
D/E Ratio1.811.741.44
Current Ratio1.351.321.28
EBITDA MARGIN (%)2.121.863.06

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
Aditya Ultra Steel Limited587.8013.424.6221.0821.93
Rathi Bars Limited614.0415.932.193.8057.52
Mangalam Worldwide Limited818.1116.777.7811.6866.21

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)1.21
Non-Institutional Investor (NII/HNI)12.16
Retail Individual Investor (RII)23.26
Total10.58

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

Cameo Corporate Services Limited
Phone
: +91 - 44 – 40020700
Email: investor@cameodina.com
Website: www.cameoindia.com

Company Promoters

  • SUNNY SUNIL SINGHI
  • VARUN MANOJKUMAR JAIN
  • VARUNA JAIN

Lead Managers

  • Swastika Investmart Limited

Company Address

Aditya Ultra Steel Limited

Survey No-48, Wankarner Boudry, Bhalgam, National Highway 8-A, Wankaner, Rajkot, Wankaner, Gujarat-363621, India

Phone: +91-6357585716

Email: cs@aditya-ultra-steel.com

Website: www.aditya-ultra-steel.com

FAQs

  • What is the issue size of the Aditya Ultra Steel SME IPO?
    The Aditya Ultra Steel SME IPO has an issue size of ₹45.88 crore. This includes a fresh issue of 74,00,000 shares and an offer for sale (OFS) of NIL.
  • What is the price band of the Aditya Ultra Steel IPO?
    The price band for the Aditya Ultra Steel IPO is ₹59 - ₹62 per share.
  • What are the bidding dates for the Aditya Ultra Steel IPO?
    The Aditya Ultra Steel IPO will open for bidding on 09 Sep 2024 and close on 11 Sep 2024.
  • What is the allotment date for the Aditya Ultra Steel IPO?
    The allotment date for the Aditya Ultra Steel IPO is 12 Sep 2024.
  • What is the listing date for the Aditya Ultra Steel IPO?
    The listing date for the Aditya Ultra Steel IPO is 16 Sep 2024.
  • What is the Aditya Ultra Steel IPO grey market premium?
    The grey market premium (GMP) for the Aditya Ultra Steel IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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