Key information on the Aditya Ultra Steel IPO, including the date, price, and allotment details Aditya Ultra Steel has published that its IPO is going to be open on 9th September and will end on 11th September. It is a steel manufacturer specializing in high-quality, durable steel products for diverse industries. It aims to gather INR 45.88 crores with a price band of INR 59 to INR 62 per share and a minimum market lot of 2000 shares. Table of Contents

Company Overview Company Strategy Details on IPO Date and Price Band IPO Objective Market Lot Information on Aditya Ultra Steel IPO Allotment Dates for Aditya Ultra Steel IPO Application Process of IPO Financial Analysis of Company IPO Valuation Competitor Analysis Registrar for Aditya Ultra Steel IPO Offer Lead Manager Company Address

Company Overview Aditya Ultra Steel is one of India’s leading steel manufacturers with its prime focus on manufacturing structural steel and TMT bars used in construction and infrastructure segments. The company is renowned for its relative innovations where they use the latest technologies in manufacturing and product quality. Aditya Ultra Steel follows strict industry norms and extends beyond client expectations. Focusing on operational capabilities and long-term development, it provides for expanding a company’s market share and delivering sustainable benefits to its shareholders to gain a competitive advantage in the steel industry. Company Strategy Aditya Ultra Steel operates under the global business concept of offering high-quality steel products to targeted and differentiated industries and product reliability. The company also values free thinking and embraces new technologies as a way of sustaining its competitiveness. Their corporate strategy is based on the ideas of sustainable growth, the increase of market shares due to cooperation, and improving productivity. Through its focus on enhancing market position and stakeholder value, it emphasizes more on the customers and the environment to distinguish it from all competitors. Details on IPO Date and Price Band

IPO Open Date: September 9, 2024

IPO Close Date: September 11, 2024

Face Value: INR 10 Per Equity Share

IPO Price Band: INR 59 to INR 62 Per Share

Issue Size: Approx INR 45.88 crore

Fresh Issue: Approx INR 45.88 crore

Offer for Sale: NA

Issue Type: Book Built Issue

IPO Listing: NSE SME

Retail Quota: 35%

QIB Quota: 50%

NII Quota: 15%

 IPO Objective:

Aditya Ultra Steel’s IPO goals involve raising capital to finance expenses towards increasing and modernizing production capacity to meet increasing demand and increase production efficiency. A part of the total funds will be used to finance working capital needs necessary for regular and uninterrupted business functioning. Moreover, the IPO will also serve for corporate objectives and expansion opportunities, and for bearing public issue expenses related to the effective launch and operation of the offer. Market Lot Information on Aditya Ultra Steel IPO The lot size and corresponding amounts are as follows:

Retail Minimum: 1 lot (2000 shares) for INR 1,24,000

Retail Maximum: 1 lot (2000 shares) for INR 1,24,000

S-HNI Minimum: 2 lots (4000 shares) for INR 2,48,000

Allotment Dates for Aditya Ultra Steel IPO Aditya Ultra Steel IPO open date is September 9 and the IPO close date is September 11. The IPO allotment date is September 12 and the listing date is September 16.

IPO Open Date: September 9, 2024

IPO Close Date: September 11, 2024

Basis of Allotment: September 12, 2024

Refunds: September 13, 2024

Credit to Demat Account: September 13, 2024

IPO Listing Date: September 16, 2024

Application Process of IPO The IPO can be accessed by submitting an application through the online ASBA (Application Supported by Blocked Amount) facility from the bank through ‘Internet banking’, going to ‘Invest’, and applying for the Aditya Ultra Steel. On the other hand, the IPO forms are also available for download on the NSE websites, which the candidates can fill out and submit. Financial Analysis of the Company Financials in INR Crores.

Year Revenue Expense Profit After Tax Assets

2022 515.98 508.83 4.89 91.57

2023 530.49 526.70 1.01 97.35

2024 588.56 577.84 2.80 147.52

 Aditya Ultra Steel’s financial performance shows steady revenue growth from INR 515.98 crores in 2022 to INR 588.56 crores in 2024. Despite rising expenses, the company’s Profit After Tax (PAT) improved from INR 4.89 crores in 2022 to INR 2.80 crores in 2024, though it faced a decline in recent years. Assets have also increased significantly, reaching INR 147.52 crores in 2024. This indicates a solid foundation for expansion, despite pressure on profitability margins. IPO Valuation (FY 2024) The company’s EPS stands at a value of INR 4.62 with a Return on Net Worth (RoNW) of 21.08% and a Net Asset Value (NAV) per share of INR 28.15 in the financial year 2024. The IPO price band ranges from INR 59 to INR 62 to raise INR 45.88 crores to fund capital expenditures, meet working capital needs, cover general corporate purposes, and finance public issue expenses.

Earnings Per Share (EPS): INR 4.62 (Basic)

Price/Earning P/E Ratio: 4.62

Return on Net Worth (RoNW): 21.08%

Net Asset Value (NAV): INR 28.15

 Competitor Analysis

Here is the competitor of Aditya Ultra Steel Rathi Bars Limited Rathi Bars Limited is the leading steel product manufacturer that specializes in the production of high-quality steel bars and structural steel products, which are used extensively in constructing infrastructure projects. Being one of the leading companies with years of quality commitment, the company offers various products, such as TMT bars, angles, and channels used in industries and construction. The company always adopts modern technology and quality control to enable it to produce high-quality and durable pressure bars to gain a competitive advantage in the steel industry. Mangalam Worldwide Limited Mangalam Worldwide Limited is a company involved in many fields of business, production, trade, and services. Its main area is the creation and development of quality goods and services focused on various sectors and industries. It also deals with products of the company including construction materials, industrial products, and consumer products. A focusing area in Mangalam Worldwide Limited is chiefly based on operational performance, strategic development, and customer satisfaction through digital solutions and understanding of the industry trends. Aditya Ultra Steel IPO Registrar Cameo Corporate Services Limited Email: ipo@cameoindia.com Website: www.cameoindia.com  Offer Lead Manager Swastika Investment Limited Swastika Investment Limited is an integrated financial services company with diversified products and services in investment and wealth management. It renders services in stock broking, mutual funds, and portfolio management to its clients, which include individuals as well as corporate bodies. Being an investment company, Swastika Investment utilizes information technology and a pool of skilled personnel to ensure it provides tailored investment advice and solutions for its clients. The company seeks to fulfill its mission by providing clients with accurate, reliable, and value-added investment solutions that will improve their investment and create greater value for their money. Conclusion Investors have the chance to become part of a developing business in the steel production sector through the Aditya Ultra Steel IPO. The company wants to earn INR 45.88 crores to increase its production capacity and fulfill growing demand. The IPO is scheduled to open from September 9 to September 11, 2024, with a price range of INR 59 to INR 62 per share. Despite its financial difficulties, the company remains a viable option for investors seeking to diversify their holdings due to its consistent revenue growth and deliberate focus o