Aditya Ultra Steel Share Price

Aditya Ultra Steel Limited was incorporated as a Private Limited Company on July 27, 2011 with the Registrar of Companies, Gujarat and later on converted into a Public Limited Company on July 26, 2018. The Company started the business in commercial production in year 201213. Then later on in 201617, Company was acquired by Mr. Varun Manojkumar Jain and Mrs. Varuna Jain as a going concern effective on May 1, 2016. The Company 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. The Company manufactures TMT bars from billets through reheating furnace and rolling mill. The manufacturing plant is located at Bhalgam, in Rajkot District of Gujarat. At present, it has an integrated production capacity of 1,08,000 MT for TMT Bars. A team of qualified and skilled personnel in combination with stateoftheart quality testing equipment undertakes complete testing like Impact, Tensile, Hardness, Microstructure, Elasticity Yield Stress.During Financial year 202324, Company upgraded its furnace by replacing existing bricks with high quality brick which would help maintaining the high temperature. In addition to that the rolling section underwent an upgrade with the installation of more efficient machinery and high speed rolls which will enhance the movement of TMT Bars on rolling line. As a result of these two significant upgrades, the production plant was collectively nonoperational for approximately one month.The Company made an IPO of 74,00,000 Equity Shares having the face value of Rs 10 each by raising Rs 45.88 crores in September, 2024.