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Aditya Ultra Steel Limited IPO

Aditya Ultra Steel Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
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Subscription:
Listed Price: ₹ 69.00 (+11.29%)

Following its successful public offering, Aditya Ultra Steel Limited's made its market debut on 16-09-2024 and is now actively traded on the NSEplatform. The IPO mobilized 74,00,000 Shares in total capital, including 74,00,000 Shares in primary equity infusion.

The offering was structured with a price band of ₹59 to ₹62 and minimum investment lots of 2000 shares. Investor participation during the subscription window from 09-09-2024 to 11-09-2024 demonstrated market confidence in the company's prospects.

The allotment process concluded on 12-09-2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.

Aditya Ultra IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Aditya Ultra IPO Key Performance Indicator
Company Financials ( In Lakhs )

Aditya Ultra IPO About Company

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.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Aditya Ultra IPO Strength Factors

  1. Experienced Leadership: Our expert management team makes smart decisions and guides the company in the right direction.
  2. Skilled Workforce: Our talented and dedicated team works hard to deliver top-quality products with efficiency.
  3. Optimal Location: Our manufacturing plant is strategically located, making transportation easier and helping us reach markets faster.

Aditya Ultra IPO Risk Factors

  1. Brand Dependency: The company depends heavily on the Kamdhenu brand, making it risky if anything harms the brand's reputation.
  2. Corporate Guarantees: The company may face large financial losses if it has to pay off debts of its group companies due to corporate guarantees.
  3. Regional Concentration: Since the company mainly operates in Gujarat, any negative events in the region could badly affect its business and financial health.

Aditya Ultra IPO Lead Manager(s)

  • Swastika Investmart Limited

Aditya Ultra IPO Promoter(s)

  1. Mr. Varun Manojkumar Jain
  2. Mrs. Varuna Varun Jain

Aditya Ultra IPO Company Details

Aditya Ultra Steel Limited
Phone:
address:

Aditya Ultra IPO Registrar

Cameo Corporate Services Limited
Name:
Phone:

Aditya Ultra IPO FAQs