Aditya Ultra Steel Limited
listed
₹1.18LMin. investment
Aditya Ultra Steel Limited IPO Details
Issue size
₹45.88Cr
IPO type
SME
Price range
₹59.00 – ₹62.00
Listing date
16 Sep 2024
Lot size
2000 shares
RHP/DRHP
Read
Price range₹59.00 – ₹62.00
IPO type
SME
Lot size2000 shares
Issue size₹45.88Cr
RHP/DRHP
Read
Aditya Ultra Steel Limited Timeline
- Bid start9 Sep 2024
- Bid end11 Sep 2024
- Allotment11 Sep 2024
- Release of funds13 Sep 2024
- Demat transfer12 Sep 2024
- Listing16 Sep 2024
About Aditya Ultra Steel Limited
Aditya Ultra Steel Limited, established over 12 years ago, specializes in the production of high-quality TMT (Thermo Mechanically Treated) bars under the renowned Kamdhenu brand. Catering primarily to the construction and infrastructure sectors, the company manufactures these rolled steel products using advanced techniques involving reheating furnaces and rolling mills. With a strong focus on the Gujarat market, Aditya Ultra Steel Limited has built a reputation for excellence in the TMT bar industry, driven by its commitment to quality and customer satisfaction.
The company's manufacturing facility is strategically located in Wankaner, Rajkot, Gujarat. This state-of-the-art plant is equipped with comprehensive testing laboratories, workers' accommodation, a canteen, and efficient transport links, ensuring both operational efficiency and employee well-being. Aditya Ultra Steel Limited operates under a retail license agreement for the Kamdhenu brand, specifically serving the Kutch and Saurashtra regions. The facility's ability to produce TMT bars in various sizes and grades meets the diverse needs of its clients and upholds the high standards associated with the Kamdhenu name.
To manage its extensive distribution network, the company relies on a robust system involving 73 dealers across Gujarat. Orders are placed on a daily or weekly basis depending on dealer requirements, and the company maintains a strategic inventory level to support uninterrupted manufacturing and delivery processes. By placing daily orders for raw materials based on sales and customer demand, Aditya Ultra Steel Limited ensures a smooth operational flow and continues to deliver quality products to its clientele. This dynamic approach to inventory and production underscores the company's commitment to maintaining a steady supply of premium TMT bars in a competitive market.
Aditya Ultra Steel Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:
- Capital Expenditure
- To meet Working Capital requirements
- General Corporate Purpose
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Aditya Ultra Steel Limited Contact Details
Company NameAditya Ultra Steel Limited
How to apply for Aditya Ultra Steel Limited?
- Step 1
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- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.