Aditya Ultra Steel Limited

Company Name	Aditya Ultra Steel Limited
Open Date	09-09-2024
Close Date	11-09-2024
Exchange	NSE SME
Lot Size	2,000 Shares
Issue Price	₹59 to ₹62 per share
Issue Size	7,400,000 shares
Application Amount	₹1,24,000
Recommendation	Apply

Aditya Ultra Steel Limited was originally formed and incorporated on July 27, 2011. The registered office is located at Wankaner, Gujarat. The company is engaged in the business of manufacturing rolled steel products i.e. TMT bars under the Kamdhenu brand catering mainly to the construction industry and for infrastructure development. The company had 149 permanent employees as of April 30, 2024.

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Financial Summary in Lakhs

For the Period Ended	Mar-22	Mar-23	Mar-24
Revenue	51,535.53	53,044.78	58,780.08
EBITDA	1,091.53	986.79	1,801.38
Net Profit	488.90	277.66	792.34
RoCE	20.13%	17.67%	28.43%
ROE	13.28%	7.01%	16.33%
P/E	21.68	38.04	13.42

Tentative Timeline

Opening Date	09-09-2024
Closing Date	11-09-2024
Basis of Allotment	12-09-2024
Initiation of Refunds	13-09-2024
Credit of Shares to Demat	13-09-2024
Listing Date	16-09-2024

Objects of the Issue

Capital expenditure

To meet Working Capital Requirements

General Corporate Purposes

Contact Information

Registered Office	Aditya Ultra Steel Limited Survey No.888/807/810, FP-25,28,T 808-C, Pinnacle, Prahlad Nagar Area, Opp. Royal Arcade, AUDA Garden, Ahmedabad- 380 015
Phone	079 - 4890 1470
Email	cs@adityaultrasteel.com
Website	https://www.aditya-ultra-steel.com/

Offer Documents

Aditya Ultra Steel IPO DRHP

Aditya Ultra Steel IPO RHP

Registrar Details

Name	Cameo Corporate Services Limited
Phone	+91-44-28460390
Email	ipo@cameoindia.com
Website	https://ipo.cameoindia.com/

IPO Reservation

QIB Shares Offered	Not more than 50.00% of the Offer
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters)	97.94%
Share Holding Post Issue (Promoters)	68.76%