Aditya Ultra Steel Ltd - IPO

Aditya Ultra Steel Ltd IPO Details

Initial public offer of 74,00,000 equity shares of face value of Rs. 10 each (the Equity Shares) of Aditya Ultra Steel Limited (The Company or The Issuer) at an issue price of Rs. 62 per equity share (including share premium of Rs. 52 per equity share) for cash, aggregating up to Rs. 45.88 crores (Public Issue) out of which 3,70,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 62 per equity share for cash, aggregating Rs. 2.29 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 70,30,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 62 per equity share for cash, aggregating upto Rs. 43.59 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 29.80 % and 28.31 % respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Capital Expenditure. To meet working capital requirements. General corporate purposes.

Aditya Ultra Steel Ltd Contact Details

Aditya Ultra Steel Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@aditya-ultra-steel.com

Website - www.aditya-ultra-steel.com