Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Aditya Ultra Steel IPO
Price Band
₹59.0–62.0
Issue Size
₹45.88 Cr
Lot Size
2,000 shares
Min Investment
₹124,000
GMP
—
Issue Price
₹62.0
Aditya Ultra Steel IPO AI Summary
- Aditya Ultra Steel IPO is listed on NSE SME in the Iron & Steel Products sector.
- Price band: ₹59.0–₹62.0 per share, lot size 2,000 shares (min. investment ₹124,000).
- Subscription window: 09 Sep–11 Sep 2024, listing on 16 Sep 2024.
Aditya Ultra Steel Limited is set to launch its IPO with a price band of ₹59.0 to ₹62.0, aiming to raise approximately ₹45.88 Cr. The company has shown a positive trend in revenue and profit over recent years, making it a noteworthy consideration for investors.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Aditya Ultra Steel IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Aditya Ultra Steel IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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.
Company Financials (₹ Cr)
As of 2024-03-31
| 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 |
Key Ratios
EPS
₹4.54
NAV
₹21.93
ROE
23.92%
ROCE
18.75%
RoNW
21.08%
P/B Value
2.83
P/E Ratio
13.64
Market Cap
₹153.98 Cr
PAT Margin
1.35%
Debt/Equity
1.44
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Diluted |
|---|---|---|---|---|
| Mangalam Worldwide Limited | 66.21 | 11.68% | 16.77 | 7.78 |
| Rathi Bars Ltd. | 57.52 | 3.8% | 15.93 | 2.19 |
| Aditya Ultra Steel Limited This IPO | 21.93 | 21.08% | — | 4.62 |
Promoters
Varun Manojkumar Jain and Varuna Varun Jain
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure 15.35 2 To Meet Working Capital Requirements 15.00 3 General Corporate Purpose 11.46
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹515.98 Cr in the year ending 31 Mar 2022 to ₹530.49 Cr by 31 Mar 2023, and further rose to ₹588.56 Cr by 31 Mar 2024. This indicates a steady upward trend in revenue over the past three fiscal years.
Profit Trend
Profit After Tax grew from ₹4.89 Cr in the year ending 31 Mar 2022 to ₹2.78 Cr by 31 Mar 2023, and then significantly increased to ₹7.92 Cr by 31 Mar 2024. This demonstrates a positive growth trajectory in profitability over the periods analyzed.
Valuation
Aditya Ultra Steel Limited has an EPS of ₹4.54 and is priced at a P/E ratio of 13.64. In comparison, its peers have P/E ratios ranging from 15.93 to 16.77. This suggests that the IPO is priced at a lower multiple of earnings compared to its peers.
Grey Market Premium, Explained
The grey market refers to unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) is the difference between the expected listing price and the issue price, indicating the demand for the shares in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market conditions, and sector performance.
Who May Want to Wait
Investors with a low-risk appetite or those seeking stable returns may want to avoid IPOs in sectors that are subject to significant fluctuations, such as construction and infrastructure.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on September 9, 2024, and closes on September 11, 2024. Allotment of shares will be done by September 12, 2024, and the shares are expected to be listed on the stock exchange on September 16, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market sentiment and demand for the shares. Investors should be aware that while some IPOs may see a rise in share price on listing day, others may not perform as expected.
This evaluation is generated from Aditya Ultra Steel's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Aditya Ultra Steel IPO?
The price band of Aditya Ultra Steel IPO is ₹59.0–₹62.0 per share.
When does Aditya Ultra Steel IPO open and close?
Aditya Ultra Steel IPO opens on 09 September 2024 and closes on 11 September 2024.
When does Aditya Ultra Steel IPO list on the stock exchange?
Aditya Ultra Steel IPO listed on 16 September 2024 at ₹62.0.
What is the lot size for Aditya Ultra Steel IPO?
The lot size for Aditya Ultra Steel IPO is 2000 shares, requiring a minimum investment of ₹124,000.
What is the price band for the Aditya Ultra Steel IPO?
The price band for the Aditya Ultra Steel IPO is ₹59.0 to ₹62.0.
What is the minimum investment required?
The minimum investment required is ₹124,000, which corresponds to a lot size of 2000 shares.
When does the IPO open and close?
The IPO opens on September 9, 2024, and closes on September 11, 2024.
When will the shares be listed?
The shares are expected to be listed on September 16, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Sep 2024
Close
11 Sep 2024
Allotment
12 Sep 2024
Listing
16 Sep 2024
Similar IPOs in Iron & Steel Products
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Aditya Ultra Steel?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.