Aditya Ultra Steel IPO Allotment Likely Today: Check Latest GMP, Subscription, and Status in 4 Simple Steps

Aditya Ultra Steel recently completed its initial public offering (IPO), and the company is expected to finalize the share allotment today, Thursday, September 12. The IPO, worth ₹45.88 crore, had a price range of ₹59 to ₹62 per share. It opened for subscription on Monday, September 9, and closed on Wednesday, September 11.

For those who successfully secured shares, they should see the shares credited to their demat accounts by Friday, September 13. Those who didn’t receive an allotment can expect refunds to be processed on the same day. The shares are expected to be listed on the NSE’s SME platform on Monday, September 16.

The IPO was subscribed 10.6 times overall, with the retail segment subscribed 23 times and the non-institutional buyer segment subscribed 12 times.

Aditya Ultra Steel plans to use the funds from the IPO for working capital needs and general business purposes. The company primarily produces and sells TMT bars under the Kamdhenu brand, used in building and infrastructure projects.

How to Check the IPO Allotment Status Online

Investors can check the Aditya Ultra Steel IPO allotment status on either the registrar’s website (Cameo Corporate Services Limited) or the NSE website.

On the Registrar’s Website:

1. Visit the registrar’s site: https://ipo.cameoindia.com/
2. Choose the company name.
3. Select your preferred option from application number, PAN, or DP/Client ID, and fill in the details.
4. Enter the captcha code and click ‘Submit’.

On the NSE Website:

1. Go to the NSE’s IPO page: NSE IPO Login
2. Sign up using your PAN.
3. Log in with your username, password, and captcha code.
4. View your IPO allotment status.

Aditya Ultra Steel IPO GMP (Grey Market Premium)

As of the latest data, there is no premium on Aditya Ultra Steel shares in the grey market, indicating the stock might be listed at its issue price of ₹62.