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HomeGujaratAhmedabadGujarat based Aditya Ultra Steel IPO opens for subscription on September 9

Gujarat based Aditya Ultra Steel IPO opens for subscription on September 9

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Ahmedabad : Aditya Ultra Steel Limited, founded in 2011, manufactures rolled steel products, i.e. TMT bars, under the brand name “Kamdhenu”, proposes to open its public issue of entirely a fresh issue of 74 lakh shares of face value of Rs. 10 each for cash at price of ₹59 to ₹62 per Equity Share, available in a lot size of 2000, on September 9, 2024 on the NSE SME Exchange. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹248,000.  The issue will close on September 11, 2024. Swastika Investmart Ltd is the book running lead manager of the Aditya Ultra Steel IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Aditya Ultra Steel IPO is Sunflower Broking. Aditya Ultra Steel Limited Located in Rajkot district, Aditya Ultra Steel operates a state-of-the-art TMT manufacturing plant spanning across 59,489 Sq. Mtr. Our facility, with a capacity of 108000 MT, features advanced technology, modern testing labs, and comprehensive amenities for our workforce. Company Manufactures TMT Bars under Kamdhenu Brand Under retail licence Agreement.For more than 12 years, our company has been a trusted manufacturer of TMT bars. We serve the construction and infrastructure sectors by producing high-quality TMT bars from billets, using advanced reheating furnaces and rolling mills, and selling them on a B2B basis. Committed to pioneering industry advancements, Aditya Ultra Steel embraces emerging technologies and new business models to drive future growth. Our dedication to excellence,reliability, and community stewardship sets us apart as a leader in the steel manufacturing sector.

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