Aditya Ultra Steel Ltd IPO

Aditya Ultra Steel Limited was incorporated as a private limited company in the name and style of `Aditya Ultra Steel Private Limited' on July 27, 2011 with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli under the provisions of the Companies Act, 1956. Subsequently, the Company was converted into a public limited company and the name of the Company was changed from `Aditya Ultra Steel Private Limited' to `Aditya Ultra Steel Limited' and a fresh certificate of incorporation was issued on July 26, 2018 by the Registrar of Companies, Gujarat, Ahmedabad. The Corporate Identification Number of the Company is U27100GJ2011PLC066552.

The TMT bar market in India is on a growth trajectory, driven by the expanding construction and infrastructure sector. India ranks seventh globally as a producer of crude steel, with the iron and steel sector contributing significantly to the country's socio-economic development. The TMT bar market is expected to grow at a CAGR of 4.34% between 2022 and 2027, reaching a market size of USD 84.39 billion. The market is driven by the benefits of TMT steel bars over other steel bars, the expanding global industry, and the rising need for steel. TMT bars are known for their exceptional ductility, strength, weldability, and corrosion resistance, making them suitable for a wide range of construction applications. They are available in various grades such as Fe-415, Fe-500, Fe-550, and Fe 500D, and in diameters ranging from 8 to 40 millimeters. The market is influenced by factors such as infrastructure development, construction activities, and government policies.

The Company is engaged in the business of manufacturing 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 Company has a history of more than twelve 12 years in manufacturing of TMT bars industry. It designs and manufactures TMT bars and sell it on B2B Basis. Its customer base in mainly spread across the State of Gujarat and also to certain customers in the State of Madhya Pradesh, State of Punjab & Haryana, State of Rajasthan, State of Uttar Pradesh and State of Maharashtra. The Company has its 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.