Aditya Ultra Steel IPO is a book built issue of Rs. 45.88 crores. The subscription of the IPO starts from Monday, September 9 and ends on Wednesday, September 11. The issue will list on NSE SME with tempting date fixed as Monday, September 16, 2024.
Aditya Ultra Steel IPO is a fresh issue of 74 lakhs equity shares. Price Range of the IPO is set to Rs.59 to Rs.62 per equity shares with a face value of Rs.10 each. The minimum order quantity of the issue is 2000 equity shares. The minimum amount required for retail investor to allot the IPO is Rs. 1,24,000.
Swastika Investment Limited is book running lead manager. Axis Bank Limited is sponsor bank of the IPO. Cameo Corporate Services Limited is registrar to the issue.
The issue proceeds from the Fresh Issue will be utilized towards the following objects:
- To meet Capital Expenditure
- To meet working capital requirements
- General Corporate Purposes
- To meet Public issue expenses.
Financials –
Aditya Ultra Steel’s revenue has increased by 10.95% and profit after tax (PAT) rose up by staggering 185.36% in Financial Year 2024, as compared to FY2023.
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Net Worth | 20.29 | 11.84 | 9.20 |
| Revenue | 588.56 | 530.49 | 515.98 |
| PAT | 7.92 | 2.77 | 4.89 |
| PAT Margin | 1.35% | 0.52% | 0.95% |
| Total Borrowings | 54.27 | 49.84 | 46.95 |
About Aditya Ultra Steel – (https://www.adityaultrasteel.com/)
Established in 2011, Aditya Ultra Steel is an upcoming TMT bars manufacturing company is a part of the Aditya Group of Companies, engaged into construction and infrastructure development industry.
A state of the art manufacturing and processing plant at Bhalgam, Wankaner taluka, Rajkot district is set up in 17 acres of land with a capacity of producing 400 MT of TMT bars per day. Fully equipped manufacturing facility is accompanied with ultra-modern testing laboratories, workers’ accommodation, canteen, business lounge, recreation zone and well connected transport faciliaties.
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