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Aditya Ultra Steel Limited

SME

Issue Price

₹ 59-₹ 62

per equity share

Issue Size

74 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

2000

equity share

Please note

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Listing at NSE

Aditya Ultra Steel Limited

Important Dates

IPO Open Date

09 Sep 2024

IPO Close Date

11 Sep 2024

Allotment Date

12 Sep 2024

Initiation of Refunds

13 Sep 2024

Credit of Shares to Demat Account

13 Sep 2024

IPO Listing Date

16 Sep 2024

UPI Mandate Expiry Date

11 Sep 2024

IPO Details

Aditya Ultra Steel IPO is a book-built issue of Rs 45.88 crores, entirely a fresh issue of 74 lakh shares. Aditya Ultra Steel IPO opens for subscription on September 9, 2024 and closes on September 11, 2024. The allotment for the Aditya Ultra Steel IPO is expected to be finalized on Thursday, September 12, 2024. Aditya Ultra Steel IPO will be listed on NSE SME with a tentative listing date fixed as Monday, September 16, 2024.   Aditya Ultra Steel IPO price band is set at ₹59 to ₹62 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹248,000. Swastika Investmart Ltd is the book running lead manager of the Aditya Ultra Steel IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Aditya Ultra Steel IPO is Sunflower Broking. Refer to Aditya Ultra Steel IPO RHP for detailed information.
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About Aditya Ultra Steel Limited

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.

Parent Organisation

-

Founded

2011

Managing Director

Mr. Varun Manojkumar Jain and Mrs. Varuna Varun Jain

IPO Objectives

The company intends to use the net proceeds from the issue towards these objectives: To meet Capital Expenditure To meet Working Capital Requirements General Corporate Purposes To meet the Public Issue Expenses
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How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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