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Aditya Ultra Steel IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Ahmedabad and caters to Steel sector. Swastika Investmart is the merchant banker of Aditya Ultra Steel IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 12th June 2024.
Aditya Ultra Steel IPO open date is 9th September 2024 and close date is 11th September 2024. IPO Allotment Date is 12th September 2024 and Listing date is 16th September 2024.Aditya Ultra Steel IPO size is Rs 45.88 Cr. crores with IPO price of Rs 62.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Swastika Investmart Limited is the book-running lead manager of the Aditya Ultra Steel IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Sunflower Broking Private Limited for Aditya Ultra Steel IPO.
Aditya Ultra Steel IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Aditya Ultra Steel IPO, based in Ahmedabad, operates in the Steel sector with a focus on Manufactures rolled steel products. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Aditya Ultra Steel IPO size is ₹ 45.88 Cr. Crores with fresh issue size of Rs 45.88 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Aditya Ultra Steel IPO is expected to be 12th September 2024, after the finalization of basis of allotment. Investors can check Aditya Ultra Steel IPO allotment status on the registrars website, Cameo Corporate Services Limited. Aditya Ultra Steel IPO refund dates are 13th September 2024.
Aditya Ultra Steel IPO is expected to be listed on 16th September 2024.
The upper price band for the Aditya Ultra Steel IPO is set at ₹ 62.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Aditya Ultra Steel IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Aditya Ultra Steel IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 11th September 2024. After submission, funds are blocked until the basis of allotment of Aditya Ultra Steel IPO is finalised.
The merchant banker for Aditya Ultra Steel IPO is Swastika Investmart Limited . Swastika Investmart Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Aditya Ultra Steel IPO RHP for further details.
The registrar for Aditya Ultra Steel IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Aditya Ultra Steel IPO through their official website or helpline.
Aditya Ultra Steel IPO was subscribed 10.58 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 45.88 Cr.
Avg IPO Size (Sector Based)
:
₹ 32.34 Cr.
Sector: Steel
SME IPO so far:
26
Merchant Banker:
Swastika Investmart
SME IPO by BRLM so far:
47
City:
Ahmedabad
SME IPO so far:
174
Revenue (annualised):
₹ 5.89 cr.
PE
Ratio:
19.43x
Average Sector PE Ratio: 16.09x
Aditya Ultra Steel IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Aditya Ultra Steel Financial Review Page
Merchant Banker(s) of Aditya Ultra Steel IPO: Swastika Investmart Limited
Aditya Ultra Steel IPO subscription was 10.58 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Aditya Ultra Steel IPO listed at a listing price of 66.40 against the offer price of 62.00.
The current market price of Aditya Ultra Steel is 27.70.
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