Aditya Ultra Steel IPO an SME IPO is a book built issue of Rs.45.88 crore by Aditya Ultra Steel Ltd. which was founded in 2011. It produces rolled steel goods, such as TMT bars, under the “Kamdhenu” trademark.
The company primarily serves the building and infrastructure development sectors by producing TMT bars from billets in a rolling mill and reheating furnace. The company’s 1,08,000 MT TMT bar production capability is housed at its Wankaner, Gujarat, manufacturing site.
This new SME IPO is to be launched on 09 September 2024, and its ‘initial public offering’ will end on 11 September 2024. The Rs.45.88 crore Aditya Ultra Steel Ltd. IPO consists of an entirely fresh issue of 74 lac Shares amounting to Rs.45.88 crore.
This SME IPO date is from September 09-September 11, 2024. The expected IPO listing date is Monday, September 16, 2024, on NSE and SME. Aditya Ultra Steel IPO price band is Rs.59 to Rs.62 for each Share.
Aditya Ultra Steel IPO Dates
The Aditya Ultra Steel IPO date is September 9 and the close date is September 11. The Aditya Ultra Steel IPO allotment will be finalized on September 12 and the IPO listing on 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 |
Aditya Ultra Steel IPO Details
| IPO Open Date: | September 9, 2024 |
| IPO Close Date: | September 11, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹59 to ₹62 Per Share |
| Issue Size: | Approx ₹45.88 crore |
| Fresh Issue: | Approx ₹45.88 crore |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Aditya Ultra Steel IPO Market Lot
The Aditya Ultra Steel IPO minimum market lot is 2000 shares with ₹1,24,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹1,24,000 |
| Retail Maximum | 1 | 2000 | ₹1,24,000 |
| HNI Minimum | 2 | 4000 | ₹2,48,000 |
