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SME IPO Status: Listed [9th Sep 2024 to 11th Sep 2024]
Aditya Ultra Steel IPO, a SME IPO of ₹45.88 Cr was launced on 09-09-2024 to 11-09-2024 and the shares got listed on NSE SME on 16-09-2024.
The public issue of Aditya Ultra Steel IPO (AUSL) was offered at ₹62.00 per share and the ipo was listed at ₹69.90. It has delivered listing gain of 12.74%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 15800.00 per lot return on listing.
| SME IPO Issue Opening Date: | 9th Sep 2024 |
| SME IPO Issue Closing Date: | 11th Sep 2024 |
| SME IPO Issue Price: | ₹59.00-62.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹45.88 Cr |
| Fresh Issue: | ₹45.88 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 97.94% |
| Promoter Holding Post IPO: | 68.76% |
| Allotment Status: | Allotment Status |
| NSE Code: | AUSL |
Get important updates regarding Aditya Ultra Steel SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 12th Sep 2024 |
| Refunds Initiation* | 13th Sep 2024 |
| Credit of Shares to Demat* | 13th Sep 2024 |
| SME IPO Listing Date* | 16th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹59.00-62.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹124000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹248000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 16-09-2024 | 62.00 | 0 | -- | ₹62 (0%) | 16-Sep-2024 10:24 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Aditya Ultra Steel Limited was incorporate in July 2011, The Company is engaged in the business of manufacturing of rolled steel product i.e. TMT bars under the Kamdhenu brand catering mainly to the construction industry and for infrastructure development.
The Company manufactures TMT bars from billets through reheating furnace and rolling mill. They have a history of more than 12 (Twelve) years in manufacturing of TMT bars industry. They design and manufacture TMT bars and sell it on B2B Basis.
The customer base is mainly spread across the State of Gujarat. They have their manufacturing plant located in Survey No-48, Wankarner Boudry, Bhalgam, National Highway 8-A, Wankaner, Rajkot, Wankaner, Gujarat-363621, India which is equipped with testing laboratories, workers’ accommodation, canteen and well-connected transport facilities.
| Incorporation | Sector | IPO Issue Size | Website |
| 2011 | Trading - Metals | ₹45.88 Cr | http://www.adityaultrasteel.com/ |
The company intends to use the net proceeds from the issue towards these objectives:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE SME.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 3,512,000 (49.96%) | 1,056,000 (15.02%) | 2,462,000 (35.02%) | 7,030,000 | |
| 1 | 9th Sep 2024 19:31 | 0.87x | 1.49x | 4.11x | 2.10x |
| 2 | 10th Sep 2024 19:31 | 1.01x | 2.38x | 10.39x | 4.50x |
| 3 | 11th Sep 2024 18:22 | 1.21x | 12.16x | 23.26x | 10.58x |
Aditya Ultra Steel Limited's revenue increased by 11% and profit after tax (PAT) rose by 185% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 14,752.33 | 9,734.65 | 9,156.62 | |||||||||||||||||||||||||||
| Revenue | 58,856.29 | 53,048.91 | 51,598.34 | |||||||||||||||||||||||||||
| Profit After Tax | 792.34 | 277.66 | 488.9 | |||||||||||||||||||||||||||
| Net Worth | 3,758.21 | 2,865.86 | 2,588.2 | |||||||||||||||||||||||||||
| Reserves and Surplus | 3,128.6 | 2,739.81 | 2,462.15 | |||||||||||||||||||||||||||
| Total Borrowing | 5,427.07 | 4,984.14 | 4,695.12 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Aditya Ultra Steel Limited | 4.62 | 21.93 | 21.08 | Standalone | ||
| Rathi Bars Ltd. | 2.19 | 57.52 | 15.93 | 3.8 | Standalone | |
| Mangalam Worldwide Limited | 7.78 | 66.21 | 16.77 | 11.68 | Standalone |
Last Updated on 19-Sep-2024 13:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Aditya Ultra Steel SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Aditya Ultra Steel SME IPO with Zerodha.
Alternate approch to apply in Aditya Ultra Steel SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Aditya Ultra Steel SME IPO Review and Important Updates
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To subscribe or apply in Aditya Ultra Steel SME IPO, you can use the following methods:
| Aditya Ultra Steel SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Aditya Ultra Steel SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Aditya Ultra Steel SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Aditya Ultra Steel SME IPO. Most of the Syndicate Banks provide access to apply in Aditya Ultra Steel IPO via ASBA process. You must have your net banking access, DP ID information to apply in Aditya Ultra Steel SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Aditya Ultra Steel SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Aditya Ultra Steel SME IPO Review and Important Updates
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Aditya Ultra Steel SME IPO is going to be list on 16-09-2024. NSE Code for Aditya Ultra Steel is AUSL.
Other relevant questions:
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Aditya Ultra Steel SME IPO Allotment Date is 12-09-2024.
Other relevant questions:
Aditya Ultra Steel SME IPO share allotment date?Aditya Ultra Steel SME IPO allotment date?
