IPO Details
Bidding Dates
09 Sept 24 - 11 Sept 24
Price Range ₹
59 - 62
Total Equity
₹ 46.50Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
09 Sept 2024
Offer end
11 Sept 2024
Allotment
12 Sept 2024
Refund initiation
13 Sept 2024
Demat transfer
13 Sept 2024
Listing
16 Sept 2024
Offer start
09 Sept 2024
Offer end
11 Sept 2024
Allotment
12 Sept 2024
Refund initiation
13 Sept 2024
Demat transfer
13 Sept 2024
Listing
16 Sept 2024
About Company
Aditya Ultra Steel Limited, established in 2011, specializes in producing rolled steel products, particularly TMT bars, marketed under the brand name "Kamdhenu." The company manufactures TMT bars from billets using a reheating furnace and rolling mill, primarily serving the construction and infrastructure sectors. Its production facility, located in Wankaner, Gujarat, has a capacity of 108,000 MT for TMT bars. As of April 30, 2024, Aditya Ultra Steel employed 149 full-time staff, including executives.
Year Founded
27-07-2011
Promotor Details
Sunny Sunil Singhi
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 17435568 | 0 |
Offer to Public
75,00,000.00 Cr
Project Details
- General Corporate Purposes - 60cr
- To meet Working Capital requirements - 150cr
- To meet Capital Expenditure - 153.5cr
Objectives
- ) To meet Capital Expenditure) To meet Working Capital Requirements) General Corporate Purposes) To meet the Issue Expenses
Highlights
- Experienced leadership: A qualified management team drives the company’s success.
- Skilled workforce: Dedicated employees contribute to operational excellence.
- Strategic plant location: The manufacturing facility is well-positioned for optimal efficiency.
- Strong customer relationships: Long-standing connections with clients ensure business stability.
- Cordial labor relations: Positive management-labor dynamics support smooth operations.
Challenges
- Dependence on the Kamdhenu brand: Reliance on a single brand poses a significant business risk.
- Geographic concentration: Nearly all operations are based in Gujarat, making the company vulnerable to regional challenges.
- Limited leadership experience: The Managing Director has limited experience in the steel industry.
- Customer and supplier dependence: Heavy reliance on a small number of customers and suppliers could disrupt business operations if relationships are lost.
- Operational risks: The hazardous nature of steel manufacturing could lead to significant liabilities and financial losses.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 9,156.62 | 1,220.00 | -319.94 | -319.94 | -1.8732 |
| 2024 | 14,752.33 | 1,723.56 | -180.66 | -180.66 | -1.7923 |
| 2021 | 76,87,80,500.00 | 12,20,00,000.00 | -319.94 | -319.94 | -1.8732 |
| 2020 | 77,61,24,900.00 | 12,20,00,000.00 | -128.43 | -128.43 | -0.7519 |
| 2023 | 9,734.65 | 1,220.00 | 4,58,28,156.00 | 4,58,28,156.00 | 2.6831 |
