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Aditya Ultra Steel IPO
Aditya Ultra Steel Ltd
₹1,18,000 /2000 sharesMinimum Investment
Aditya Ultra Steel IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 9 Sep ‘24 - 11 Sep ‘24 | ₹1,18,000 | 2,000 | ₹59 - ₹62 |
| Issue Size | IPO Doc |
|---|---|
| 45.88Cr | RHP PDF |
Subscription rate
As of 11 Sep'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 9.28x |
About Aditya Ultra Steel
Founded in
2011
Managing director
Mr. Sunny Sunil Singhi
Parent organisation
Aditya Ultra Steel Ltd
Strengths & Financials of Aditya Ultra Steel
Strengths
Risks
Aditya Ultra Steel maintains a fleet of 23 company-owned vehicles, which gives them the flexibility to meet customer demands.
The company’s manufacturing plant, located in Gujarat, is equipped with essential infrastructure like power, roads, and water supply. The facility has road connectivity, facilitating the smooth transportation of raw materials and finished goods.
The company has seen a consistent increase in revenue from operations. It increased from Rs 515.35 crore in FY22 to Rs 530.45 crore in FY23 to Rs 587.80 crore in FY24.
Aditya Ultra Steel manufactures TMT bars under the Kamdhenu brand and is thus closely tied to this brand. The loss of this partnership could negatively impact the company’s operations and finances.
Major activities of the company are restricted to Gujarat. Any adverse developments in this region can be detrimental to the company’s growth and operations.
A significant portion of Aditya Ultra Steel’s revenue comes from a small group of customers. The top 10 customers accounted for 94.27%, 95.63%, and 94.11% of total sales in 2024, 2023, and 2022, respectively. The loss of any major customer could negatively impact the company’s revenue and financial standing.
The company, along with its promoter, directors, and group company, are involved in legal proceedings. Any adverse judgments in these cases could be detrimental to the company’s reputation and business prospects.
As of March 31, 2024, Aditya Ultra Steel reported a total debt of Rs 54.27 crore. Any inability to service or repay these loans could adversely affect the business.
Aditya Ultra Steel Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Aditya Ultra Steel IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹59 - 62 | ₹2 - 5 Lakh |
| High Networth Individual | ₹59 - 62 | ₹2 - 5 Lakh |
For Aditya Ultra Steel IPO, eligible investors can apply as Regular.