Chanakya Opportunities Fund, India’s first SME Exchanged Cat II AIF Fund, has announced a strategic pre-IPO investment in Aditya Ultra Steel Ltd., a promising company in the steel sector. This investment aligns with the fund’s focus on identifying and supporting high-growth potential companies in India.
Aditya Ultra Steel Ltd. is a state-of-the-art manufacturing and processing plant located in Rajkot, India, with a production capacity of 400 MT of TMT bars per day. The company boasts a fully equipped manufacturing facility, ultra-modern testing laboratories, and a strong focus on quality and customer service. Aditya’s vision is to be the market leader in TMT Bars and an integrated steel company in the near future.
| Particulars | Fiscal 2023 | Fiscal 2022 | Fiscal 2021 |
|---|---|---|---|
| Revenue from operations (in ₹ Lakhs) |
53,157.90 | 51,598.33 | 34,680.00 |
| EBITDA (in ₹ Lakhs) | 646.86 | 849.15 | 811.48 |
| EBITDA margin (%) | 1.22% | 1.65% | 2.34% |
| PAT (in ₹ Lakhs) | 370 | 464.12 | 458.28 |
| PAT margin (%) | 0.70% | 0.90% | 1.32% |
Launched in July 2023, Chanakya Opportunities Fund has seen impressive growth, with its base NAV increasing by 66% from Rs 10 to Rs 16.60 as of January 31st, 2024. The fund employs a unique investment strategy, allocating:
– 51% to high-potential unlisted and pre-IPO SME companies
– 24% to listed SMEs through QIB and anchor investments
– 25% to Microcap/Small-cap companies and good-valuation listed companies
Chanakya Opportunities Fund believes that Aditya Ultra Steel Ltd. is well-positioned to benefit from the growing demand for steel in India. The company’s strong financial performance, experienced management team, and commitment to quality make it an attractive investment opportunity. This pre-IPO investment provides the fund with the potential for significant capital appreciation once Aditya Ultra Steel goes public.
Chanakya Opportunities Fund’s investment in Aditya Ultra Steel Ltd. highlights the fund’s focus on identifying and supporting high-growth potential companies in India. Aditya Ultra Steel Ltd.’s strong fundamentals and promising future make it an attractive investment for the fund.
This report is for informational purposes only and should not be considered as investment advice. Please consult with a qualified financial advisor before making any investment decisions.
Chanakya Fund Trust has invested at an arm’s length basis in the best interest of its investors. Stakeholders are requested to note that Stephead Advisors Private Limited, group company of Steptrade Share Services Private Limited (Investment Management Entity) was acting as advisor to the Company for its upcoming IPO.
