Aditya Ultra Steel IPO

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Company Details

Aditya Ultra Steel Ltd 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.

Their 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. They have their manufacturing plant located in Survey No-48, Wankarner Boudry, Bhalgam, National Highway 8-A, Wankaner, Rajkot, Wankaner, Gujarat-363621, India which is equipped with testing laboratories, workers’ accommodation, canteen and well-connected transport facilities.

The company has carved a niche for itself in the steel industry, which is witnessed by growth in operational revenue from ₹ 14,578.04 Lakhs in FY 2017-18 to ₹ 58,780.08 Lakhs in FY 2023-24 showing CAGR of approximately 26.16%. For the year ended on March 31, 2024, March 31, 2023 and March 31, 2022, their Company has earned revenue from operations of ₹ 58,780.08 Lakhs, ₹ 53,044.78 Lakhs, ₹ 51,535.53 Lakhs respectively. Their Earnings Before Interest, Taxes, Depreciation and Amortisation (“EBITDA”) for the year ended on March 31, 2024, March 31, 2023 and March 31, 2022 was ₹ 1,801.39 Lakhs, ₹986.79 Lakhs, ₹ 1,091.53 Lakhs respectively. Their Company intends to focus on adhering to the quality standards of the product they manufacture. This is necessary so as to make sure that they get repeat orders from their customers. The quality of the product and services is very important for their Company from both customer point of view and regulatory point of view. As they have been providing the desired and quality products, the same has helped us in enhancing their reputation and maintaining long term relationships with their customers

They design and manufacture premium quality TMT bars with focus on retail customers. Due to their track record and manufacturing of quality TMT bars, they have a history of high customer retention and satisfaction which has led to a significant proportion of their customers based on repeat business generated in the preceding Fiscals. They endeavor to ensure timely delivery of their products and also provide credit period and other value-added services such as free delivery at the specified location and customized product cuts to their retail customers. Their Company has consistently made profits and sustained revenue during last three fiscals when the steel sector was witnessing slow demand.

Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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Price: 1000000 - 1050000 | IPO Lot Size: 1 | IPO Issue Size: NA
Open Date: 10 Apr 2026 | Close Date: 16 Apr 2026

Aditya Ultra Steel IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

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