Aditya Ultra Steel IPO share allotment: Here’s how to check status on NSE, Cameo Corporate Services

Aditya Ultra Steel IPO share allotment status is expected to be finalised on Thursday, September 12 after the NSE SME issue closed with a robust subscription.

The initial public offering of the manufacturer of rolling steel products was open for bidding from September 9 to September 11.

Aditya Ultra Steel IPO was booked 12.52 times in the Non-Institutional Investors (NIIs) category and the retail quota was booked 23.63 times. The Qualified Institutional Buyers (QIBs) booked their segment 1.2 times. Investors can check Aditya Ultra Steel IPO share allotment status online on the websites of the NSE and the issue registrar, Cameo Corporate Services Limited.

Steps to check Aditya Ultra Steel IPO share allotment status on NSE

1. Visit the NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
2. Enter your username and password. Investors, who do not have an account on the NSE, will need to create a new login.
3. Select Aditya Ultra Steel from the drop-down menu for issue names.
4. Enter and verify your PAN number.
5. Type in your IPO application Number.
6. Click submit to get share allocation details.

Here’s how to check Aditya Ultra Steel IPO share allotment on the registrar's website

1. Open the IPO allotment status page on the Cameo Corporate Services website: https://ipo.cameoindia.com/ .
2. Choose any of the Links from 3 options.
3. Select Aditya Ultra Steel from the dropdown menu for company names.
4. Choose any of these – Client-ID, Application Number or PAN.
5. Enter the Captcha code and click on ‘Submit’.
6. Your share allotment status will be displayed on the screen.
7. After finalising the share allotment status of Aditya Ultra Steel, the company will initiate refunds for non-allottees on Friday, September 13. Shares will also be credited to the Demat accounts of successful bidders on the same day.
8. Aditya Ultra Steel shares are likely to debut on the NSE SME platform on Monday, September 16.

Aditya Ultra Steel IPO details

The Aditya Ultra Steel IPO, aimed at raising ₹45.88 crore, was a completely fresh issue of 74 lakh shares.

Aditya Ultra Steel IPO price band was fixed at ₹59 to ₹62 per share. The minimum lot size to apply for Aditya Ultra Steel IPO was fixed at 2,000 shares, which aggregated to an investment of ₹1,24,000.

The company plans to use the money raised via the public issue for meeting capital expenditures, working capital requirements and for other general corporate purposes. A part of the proceeds will also be used to meet issue expenses

About Aditya Ultra Steel

Aditya Ultra Steel Limited was founded in 2011. The company is a manufacturer of rolled steel products such as TMT bars. The company operates under the brand name "Kamdhenu". The company employed 149 full-time employees as of April 30, 2024.