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Open
9 Sep 2024
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Close
11 Sep 2024
3
Allotment
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Listing
Mon, Sep 16, 2024
Price Band
₹59 to ₹62
Issue Size
74,00,000 shares (agg. up to ₹46 Cr)
Lot Size
2,000 Shares
Listing Date
Mon, Sep 16, 2024
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
16-09-2024₹0Est. ₹62+0%
15-09-2024₹0Est. ₹62+0%
14-09-2024₹0Est. ₹62+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 10.67x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 147.52 | 97.35 | 91.57 |
| Total Income | 588.56 | 530.49 | 515.98 |
| Profit After Tax | 7.92 | 2.78 | 4.89 |
| NET Worth | 37.58 | 28.66 | 25.88 |
| Reserves and Surplus | 31.29 | 27.40 | 24.62 |
| Total Borrowing | 54.27 | 49.84 | 46.95 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Jay Bee Laminations Ltd. | SME | ₹88.96 Cr | ₹146 | 13.58 | ₹291.25 | +99.49% | ₹98.70 (-4.04%) |
| Visaman Global Sales Ltd. | SME | ₹16.05 Cr | ₹43 | 38.25 | ₹47.35 | +10.12% | ₹107.60 (-4.99%) |
| Deem Roll Tech Ltd. | SME | ₹29.26 Cr | ₹129 | 11.31 | ₹209.70 | +62.56% | ₹54.70 (+4.69%) |
| Shree Marutinandan Tubes Ltd. | SME | ₹14.30 Cr | ₹143 | 17.44 | ₹210.00 | +46.85% | ₹52.20 (-5.00%) |
| Mangalam Alloys Ltd. | SME | ₹54.91 Cr | ₹80 | 14.65 | ₹76.00 | -5.00% | ₹32.95 (+0.00%) |
| Bansal Wire Industries Ltd. | Mainboard | ₹745.00 Cr | ₹256 | 41.41 | ₹350.35 | +36.86% | ₹316.30 (-0.96%) |
| Vibhor Steel Tubes Ltd. | Mainboard | ₹72.17 Cr | ₹151 | 10.17 | ₹446.25 | +195.53% | ₹111.44 (-1.11%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 15.35 |
| 2 | To Meet Working Capital Requirements | 15.00 |
| 3 | General Corporate Purpose | 11.46 |
About Aditya Ultra Steel IPO
Aditya Ultra Steel Limited, founded in 2011, manufactures rolled steel products, i.e. TMT bars, under the brand name "Kamdhenu". The company manufactures TMT bars from billets in a reheating furnace and a rolling mill, mainly catering to the construction industry and infrastructure development. The company's manufacturing facility is located in Wankaner, Gujarat and has a production capacity of 1,08,000 MT for TMT bars. As of April 30, 2024, the company employed a total of 149 full-time employees, including executives.+ Read More
Contact Details
Aditya Ultra Steel Ltd. AddressSurvey No.888/807/810, FP-25, 28, T 808-CPinnacle, Prahlad Nagar AreaOpp.Royal Arcade, AUDA GardenAhmedabad, Gujarat, 380015079 - 4890 1470cs@adityaultrasteel.comVisit Website