Aditya Ultra Steel Limited IPO GMP

Aditya Ultra Steel is engaged in the business of manufacturing of rolled steel product i.e. TMT bars under the Kamdhenu brand catering mainly to the construction industry and for infrastructure development. The Company manufactures TMT bars from billets through reheating furnace and rolling mill.

Aditya Ultra Steel, an Book Built Issue amounting to ₹45.88 Crores, consisting entirely an Fresh Issue of 74.00 Lakh Shares. The subscription period for the Aditya Ultra Steel IPO opens on September 09, 2024, and closes on September 11, 2024. The allotment is expected to be finalized on or about Thursday, September 12, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Monday September 16, 2024.

The Share price band of Aditya Ultra Steel IPO is set at ₹59 to ₹62 equity per share, with a minimum lot size of 2,000 shares. Retail investors are required to invest a minimum of ₹124,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹248,000.

Swastika Investmart Limited is the book-running lead manager, CAMEO CORPORATE SERVICES LIMITED is the registrar for the Issue. Sunflower Broking Private Limited is the sole Market Marker for the Aditya Ultra Steel IPO.

Aditya Ultra Steel Limited IPO GMP Today
The Grey Market Premium of Aditya Ultra Steel Limited IPO is expected in the range of ₹6 to ₹10 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Aditya Ultra Steel Limited IPO Live Subscription Status Today
As of 07:00 PM on 11 September 2024, the Aditya Ultra teel Limited IPO live subscription status shows that the IPO subscribed 10.22 times on its Final day of subscription period. Check the Aditya Ultra Steel Limited IPO Live Subscription Status Today at NSE.

Aditya Ultra Steel Limited IPO Anchor Investors Report
There is no allocation to Anchor Investor

Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Aditya Ultra Steel Limited IPO Allotment Status
Aditya Ultra Steel Solutions IPO allotment date is 12 September, 2024, Thursday. Aditya Ultra Steel IPO Allotment will be out on 12th August 2024 and will be live on Registrar Website from the allotment date. Check Aditya Ultra Steel Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Aditya Ultra Steel Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Aditya Ultra Steel Limited IPO
Aditya Ultra Steel Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹1,535.00 Lakhs is required for Capital Expenditure 
2. ₹1,535.00 Lakhs is required to Meet Working Capital Requirements 
3. General Corporate Purposes 
4. To meet Public Issue Expenses

Refer to Aditya Ultra Steel Limited RHP for more details about the Company.