Aditya Ultra Steel Limited

09 Sep 2024 - 11 Sep 2024 Individual Category SME NSE

Min Investment

₹236000

Price Band

₹59-₹62

Issue Size

74 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
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09 Sep 2024

Open Date

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11 Sep 2024

Close Date

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12 Sep 2024

Allotment Date

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16 Sep 2024

Listing Date

Aditya Ultra Steel IPO is open for subscription starting Monday, September 9, 2024, and closing on Wednesday, September 11, 2024. This upcoming IPO's price is Rs 62 per share. The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares.  The minimum investment required for retail category investors is Rs 1,24,000 (62 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,48,000 (62 x 4000 shares). Aditya Ultra Steel IPO is a fixed-price issue of Rs 45.88 crores. This upcoming IPO is an entirely new issue of 74 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, September 12, 2024. Aditya Ultra Steel IPO will be listed on NSE SME on Monday, September 16, 2024.  Swastika Investmart Limited is the book-running lead manager, Cameo Corporate Services Limited is the registrar, and Sunflower Broking is the market maker for this IPO.

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About Aditya Ultra Steel Limited

Aditya Ultra Steel Limited was founded in 2011 and is engaged in the manufacturing of rolled steel products like 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 organisation began its operations in 2011 and was later transformed into a public limited company in 2018.  The company is backed by a group of young and experienced entrepreneurs who have spent way over 17 years in the steel sector. The TMT manufacturing plant is located at Bhalgam in Rajkot District and is compacted into 17 acres of land. They manufacture TMT bars in sizes 8 mm, 10 mm, 12 mm, 16 mm, 20 mm, 25 mm, and 32 mm. As of now, this firm has an overall capacity to produce about 1,08,000 MT for TMT bars.

Founded

2011

Managing Director

Mr. Varun Manojkumar Jain and Mrs. Varuna Varun Jain

Parent Organization

IPO Objectives

The main objective of this IPO is to raise funds from the public, which will be used to meet the capital expenditure and day-to-day needs for the functioning of the business. Also, the funds will cover the issue expenses and fulfil the general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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