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.

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are Bajaj Housing Finance Limited, Aditya Ultra Steel Limited, Tolins Tyres Limited, Kross Limited.

The current active IPO is Vision Infra Equipment Solutions, My Mudra Fincorp Limited, Shree Tirupati Balajee Limited, Mach Conferences and Events Limited, Namo E-waste Management Lmited.

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About Aditya Ultra Steel Limited

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. They have a history of more than 12 (Twelve) years in manufacturing of TMT bars industry. They design and manufacture TMT bars and sell it on B2B Basis. Their customer base is mainly spread across the State of Gujarat. At present, they have an integrated production capacity of 1,08,000 MT for TMT Bars.

STEEL SECTOR
The demand for steel in India is expected to register a 'healthy growth' of 8.6 percent against the overall global rise of 1.8 percent in 2023, worldsteel said. It forecasts that global steel demand will grow 1.8 percent in 2023 and reach 1,814.5 MT after having contracted by 3.3 percent in 2022. In 2024, the demand will see an increase of 1.9 percent to 1,849.1 MT, the World Steel Association (worldsteel) said. 

For India, the global body said, "After a growth of 9.3 percent in 2022, steel demand is expected to show healthy growth of 8.6 percent in 2023 and 7.7 percent in 2024." The Indian economy remains stable against the pressure of the high-interest rate environment, and the steel demand is expected to continue its high growth momentum. 

Growth in India's construction sector is driven by government spending on infrastructure and recovery in private investment. Infrastructure investment will also support the capital goods sector growth, worldsteel said in its Short-Range Outlook (SRO). 

Healthy growth momentum will continue in automotive. The consumer durables sector is the only sector that is underperforming due to higher inflation/interest rates that constrain discretionary spending. However, it will improve in 2024 with festive season spending and progress in the Production Linked Investment (PLI) schemes.

The Indian government's focus on infrastructure development, including the construction of roads, railways, airports, and smart cities, is the primary factor driving the demand for steel pipes. The Indian government's visionary initiatives, including Bharatmala Pariyojana (road development program), Sagarmala Project (port-led development), and Pradhan Mantri Awas Yojana (housing for all), have significantly catalyzed the demand for steel pipes in the ongoing infrastructural projects. 

India's increasing energy consumption and exploration activities in the oil and gas sector are also propelling the demand for steel pipes used in pipeline transportation. India is witnessing significant investments in the oil and gas sector. These investments are primarily focused on the construction of pipelines and refineries. As a result of this surge in investment, there has been a substantial increase in the demand for steel pipes. 

Key market players are focusing on capacity expansions, technological advancements, and strategic partnerships to capitalize on the growing opportunities. In July 2020, ArcelorMittal completed the acquisition of Essar Steel India Limited. This acquisition solidified ArcelorMittal's position as the leading steel producer in India. The investment was valued at around US$6 billion. It served as a strategic move for ArcelorMittal to enhance its market presence within India.

TMT Bar Market in India
The TMT (Thermo-Mechanically Treated) bar market in India is on a growth trajectory, driven by the expanding construction and infrastructure sector. India ranks seventh globally as a producer of crude steel, with the iron and steel sector contributing significantly to the country's socio-economic development. 

The TMT bar market is expected to grow at a CAGR of 4.34% between 2022 and 2027, reaching a market size of USD 84.39 billion. The market is driven by the benefits of TMT steel bars over other steel bars, the expanding global industry, and the rising need for steel. TMT bars are known for their exceptional ductility, strength, weldability, and corrosion resistance, making them suitable for a wide range of construction applications. They are available in various grades such as Fe-415, Fe-500, Fe-550, and Fe 500D, and in diameters ranging from 8 to 40 millimeters. 

The Indian market has a variety of TMT bar producers, including Shyam Steel, Essar Steel, TATA Steel, Jindal Steel & Power Ltd., JSW Steel Ltd., Kamdhenu Ltd., Primegold International Ltd., and Rashtriya Ispat Nigam Ltd. In terms of regional analysis, the TMT bar market in India can be segmented into Northern Region, North-Eastern Region, Eastern Region, Central Region, Western Region, and Southern Region. 

The market is influenced by factors such as infrastructure development, construction activities, and government policies. For instance, the Indian government's focus on infrastructure development, affordable housing, and smart cities is expected to drive the demand for TMT bars in the coming years. However, the TMT bar market in India also faces challenges such as rising iron ore costs and trade wars between countries, which can impact the supply and demand dynamics of the market. Despite these challenges, the TMT bar market in India is expected to grow due to the increasing demand for steel in contemporary designs and the rising demand for steel in the construction sector. In conclusion, the TMT bar market in India is poised for growth, driven by the expanding construction and infrastructure sector, the benefits of TMT steel bars, and government initiatives. However, the market also faces challenges such as rising iron ore costs and trade wars, which need to be addressed to ensure sustainable growth.

The availability of substitute materials is a major challenge faced by the TMT steel bar market. The growth of the global TMT steel bars market can negatively impact the availability of substitute materials in the construction industry during the forecast period. Reinforced concrete is a common alternative to steel in construction. It involves embedding steel bars (rebar) within the concrete to provide tensile strength. 

Moreover, the substitutes offer advantages such as corrosion, resistance, lightweight construction, and easier handling. In order to meet this demand, the TMT steel bar manufacturers may have to explore ways in which options for specialization can be provided. Thus, the availability of substitute materials will hamper the growth of the market focus during the forecast period.

The increasing use of electric arc furnaces is a key trend in the TMT steel bar market. The steel industry accounts for the major consumption, and high energy usage has caused the cost of production to increase. The processes and sources of energy required for manufacturing crude steel are the deciding factors of the required amount of energy. Traditionally, blast furnaces are used in processing iron ore to pig iron, which is further used to manufacture crude steel. 

However, according to the demand for steel on the market, as well as the availability of material, EAF shall be able to accommodate a flexible production volume of steel. Therefore, the added advantage of EAF is attracting steelmakers toward it, which will drive the growth of the market in focus during the forecast period.

ADITYA ULTRA STEEL LIMITED COMPETITIVE STRENGTHS
1. Qualified and experienced management team
2. Skilled and dedicated manpower
3. Strategically located Manufacturing Plant
4. Existing customer relationship
5. Cordial relationship between management and labour
6. Flit of Company Owned Vehicle

ADITYA ULTRA STEEL LIMITED STRATEGIES
1. Premium quality TMT Rebar player with focus on Retail Customers
2. Augment our working capital base in order to better utilize our installed capacity
3. Focus on consistently meeting quality standards
4. Optimal Utilization of Resources and Incentives

ADITYA ULTRA STEEL LIMITED RISK FACTORS & CONCERNS
1. Business of their Company is dependent on Kamdhenu Brand.
2. Almost entire operations of the Company are limited in the state of Gujarat.
3. One of their Group Company VMS Industries Limited was subject to the penalties imposed by Stock Exchanges.
4. The Company is dependent on third party manufacturer for manufacturing of TMT Bars.
5. Steel Manufacturing Plants involve hazardous processes that can cause personal injury and loss of life, severe damage to and destruction of property and equipment.
6. The steel industry is highly cyclical and adverse variation in steel prices may have an adverse effect on the Company’s results of operations and financial condition.