Aditya Ultra Steel IPO

Aditya Ultra Steel Ltd IPO offers 74,00,000 shares worth INR 45.88 crores. Funds will be used for capital expenditure, working capital, and general corporate purposes.

Important Details

Open Date : September 9, 2024 Close Date : September 11, 2024 Allotment Date: September 12, 2024 Listing Date: September 16, 2024

Important Details

IPO Price: INR 59-62 per share Lot Size: 2000 Shares Total Issue Size: INR 45.88 crores

Fundamental Analysis

Aditya Ultra Steel IPO shows mixed performance: 1. Consistent revenue growth. 2. Improved profitability & EPS. 3. Weakening liquidity. 4. Declining inventory turnover ratio.

Peer Comparison

1. Aditya Ultra Steel, Rathi Bars, Mangalam Worldwide in steel industry. 2. Mangalam leads in returns. 3. Aditya shows steady growth. 4. Varying revenue and profitability.

Objective

Aditya Ultra Steel IPO Objective: 1. Allocate funds for capital expenditure. 2. Meet working capital requirements. 3. Support business operations and growth.

Risks And Challenges

Aditya Ultra Steel IPO Risks: 1. Brand reputation risks. 2. Legal and supply chain issues. 3. Corporate guarantee exceeds net worth. 4. Regional concentration in Gujarat. 5. Economic and policy risks.