Aditya Ultra Steel IPO subscription status started on September 09, 2024, and closed on September 11, 2024. The company aims to raise approximately ₹45.88 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹59 to ₹62 per equity share.
The IPO consists of a minimum market lot of 2000 Shares requiring an application amount of ₹1,24,000. Aditya Ultra Steel IPO Energy is an SME IPO that will be listed on the NSE.
Table of contents
IPO Overview
Aditya Ultra Steel Limited, established in 2011, specializes in manufacturing rolled steel products, particularly TMT bars under the brand name “Kamdhenu.” Specifically, the company produces TMT bars from billets using a reheating furnace and rolling mill, primarily catering to the construction and infrastructure sectors. Its manufacturing facility, located in Wankaner, Gujarat, boasts a production capacity of 108,000 MT for TMT bars.
Additionally, Aditya Ultra Steel Ltd transitioned to a public limited company in 2018, supported by a team of experienced entrepreneurs with over 17 years in the steel industry. The TMT manufacturing plant, situated on 17 acres in Bhalgam, Rajkot District, produces TMT bars in sizes ranging from 8 mm to 32 mm. As of April 30, 2024, the company employs 149 full-time staff members, including executives.
Furthermore, The company reported revenue of ₹588.56 crores in 2024 against ₹530.49 crores in 2023. The company reported a profit of ₹7.92 crores in 2024 against a profit of ₹2.78 crores in 2023. As per the financials, the IPO investors should apply for the IPO for the long term.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Aditya Ultra Steel IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.87 | 1.01 | 1.21 |
| NII | 1.49 | 2.38 | 12.16 |
| RII | 4.11 | 10.39 | 23.26 |
| Total | 2.10 | 4.50 | 10.58 |
Aditya Ultra Steel IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Aditya Ultra Steel IPO Form
To apply for the Aditya Ultra Steel IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 09, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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