Aditya Ultra Steel SME IPO Details, Financials, Valuation & Peers
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.
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.
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.
| Fields | Details |
|---|---|
| IPO Dates | 09 Sep - 11 Sep 2024 |
| IPO Price Band | ₹59 - ₹62 per share |
| Fresh Issue | 74,00,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹45.88 crore |
| Face Value | ₹10 |
| Listing On | NSE |
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.
| Event | Date |
|---|---|
| IPO Opening Date | 09 Sep 2024 |
| IPO Closing Date | 11 Sep 2024 |
| Basis Of Allotment | 12 Sep 2024 |
| Refunds | 13 Sep 2024 |
| Demat Transfer | 13 Sep 2024 |
| IPO Listing Date | 16 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 Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| Total Income | 515.98 | 530.49 | 588.56 |
| Total Expenses | 508.83 | 526.70 | 577.84 |
| Net Profit/Loss | 4.89 | 2.78 | 7.92 |
| NPM (*) | 0.95 | 0.52 | 1.35 |
| Total Assets | 91.57 | 97.35 | 147.52 |
| Total Liabilities | 54.74 | 57.75 | 99.00 |
* 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 Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| EPS | 2.86 | 1.63 | 4.62 |
| ROE (%) | 21.33 | 10.18 | 23.92 |
| ROCE (%) | 14.33 | 10.76 | 18.75 |
| D/E Ratio | 1.81 | 1.74 | 1.44 |
| Current Ratio | 1.35 | 1.32 | 1.28 |
| EBITDA MARGIN (%) | 2.12 | 1.86 | 3.06 |
* 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.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Aditya Ultra Steel Limited | 587.80 | 13.42 | 4.62 | 21.08 | 21.93 |
| Rathi Bars Limited | 614.04 | 15.93 | 2.19 | 3.80 | 57.52 |
| Mangalam Worldwide Limited | 818.11 | 16.77 | 7.78 | 11.68 | 66.21 |
* 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 Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 1.21 |
| Non-Institutional Investor (NII/HNI) | 12.16 |
| Retail Individual Investor (RII) | 23.26 |
| Total | 10.58 |
* 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.