Abha Power and Steel Limited IPO
NSE SMEListed On: Dec 4, 2024 at ₹ 81.9
₹ 120000 /1600 Shares
Check Allotment27 Nov, 2024
Open Date29 Nov, 2024
Close Date02 Dec, 2024
Allotment Date04 Dec, 2024
Listing DateIssue Price
₹75 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Skyline Financial Services Private LtdList Price
81.9Listing Date
2024-12-04Market Lot
1600 Shares (₹120,000/-)Lead Manager
Horizon Management Private LimitedIssue Size
5,139,200 shares(aggregating up to ₹38.54 Cr)Retail Portion
50%Subscription
17.55 times
The IPO of Abha Power and Steel is priced at ₹75 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Skyline Financial Services Private Ltd is the registrar of the issue.
Abha Power and Steel IPO bid opening date is from Nov 27, 2024 and the bid closing date was Nov 29, 2024.
Abha Power and Steel IPO allotment result will be available on Dec 2, 2024. The tentative listing date for Abha Power and Steel is Dec 4, 2024.
The total issue size is 5,139,200 shares(aggregating up to ₹38.54 Cr).
Abha Power and Steel IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 2,438,400 | 2,438,400 | 4,876,800 |
| Day 1 - 27-11-24 06:00 PM | 0.29 x | 2.32 x | 1.31 x |
| Day 2 - 28-11-24 06:00 PM | 1.22 x | 6.76 x | 3.99 x |
| Day 3 - 29-11-24 06:00 PM | 10.18 x | 24.93 x | 17.55 x |
Abha Power and Steel Valuations
EPS Pre IPO
₹2.62/-EPS Post IPO
₹3.89/-P/E Pre IPO
28.65P/E Post IPO
19.26ROE
24.17%ROCE
23.64%Debt/Equity
1.35RoNW
24.17%PAT Margin
7.31Price to Book Value
6.18Abha Power and Steel Company Financials All values are in ₹ Lakh
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 4,735.9 | 4,476.89 | 3,536.87 |
| Revenue | 5,182.68 | 5,511.82 | 5,498.4 |
| Profit After Tax | 378.19 | 140.14 | -71.53 |
| Net Worth | 1,753.66 | 1,375.47 | 1,120.07 |
| Reserves & Surplus | 308.8 | 893.85 | 678.47 |
| Total Borrowing | 2,373.22 | 2,393.34 | 1,765.62 |
About The Company
Abha Power and Steel Limited is in the business of casting and manufacturing iron and steel products since its incorporation in 2004. The company produces a broad range of items, such as mild steel, manganese steel, stainless steel, and low and high-alloy castings.Abha Power and Steel Limited's two foundries—SG Iron Foundry and Steel Foundry— and its manufacturing facility are located in Bilaspur, Chhattisgarh, covering an area of about 319,200 square feet.
The plant has ISO 9001:2015 accreditation in the areas of design, development, manufacture, and supply of iron and steel castings and assemblies for sectors like steel, power, and cement. Besides, it produces parts for the Indian Railways, which comprise the following items and more: SGCI inserts, adapters (all types), valve castings, and other products. As on March 31, 2024, the total installed capacity of the plant was 14,400 metric tonnes per annum (MTPA).
Abha Power and Steel Limited offers a wide portfolio of more than 1,000 products to different industries.
Some of the notable clients of the company include Vishal Nirmiti Private Limited, Raghavendra Rail Lines Pvt. Ltd., The Indian Hume Pipe Co. Ltd., Beekay Engg Corporation, Ashi Limited, SECR Railway, SCR Railway, Supertech Rail Infra Projects Pvt. Ltd., Northern Railway, and Orissa Concrete & Allied Industries Ltd., among others.
As of April 30, 2024, the company had 65 employees, including senior management.
Abha Power and Steel - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 72.35%
- Subhash Chand Agrawal, Satish Kumar Shah, Ankit Agrawal, Atish Agrawal, Leela Devi Agrawal and Sunflower Commotrade Private Limited
Abha Power and Steel IPO - Issue Objectives
- Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand its product portfolio
- Funding working capital requirements of the Company
- General Corporate Purposes.
Other Details
Abha Power and Steel
Silpahri Industrial State, Bilaspur 495001Skyline Financial Services Private Ltd
Abha Power and Steel IPO - FAQs
Ans. Abha Power and Steel Limited IPO is a SME IPO. The issue is priced at ₹75 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Nov 27, 2024, and closes on Nov 29, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Abha Power and Steel Limited IPO opens on Nov 27, 2024 and closes on Nov 29, 2024.
Ans. The size of Abha Power and Steel Limited IPO is 5,139,200 shares(aggregating up to ₹38.54 Cr).
Ans. The IPO price band is set between ₹75 per equity share.
Ans. To apply for Abha Power and Steel Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Abha Power and Steel Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Abha Power and Steel Limited IPO is Dec 2, 2024.
Ans. The Abha Power and Steel Limited IPO will be listed on Dec 4, 2024.
Ans. Follow the steps to check the allotment status for Abha Power and Steel Limited IPO here.
