Abha Power and Steel Limited IPO

NSE SME

Offer Date: Nov 27, 2024 - Nov 29, 2024

₹ 120000 /1600 Shares

Abha Power and Steel IPO Details

27 Nov, 2024

Open Date

29 Nov, 2024

Close Date

02 Dec, 2024

Allotment Date

04 Dec, 2024

Listing Date

Issue Price

₹75 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Skyline Financial Services Private Ltd

Market Lot

1600 Shares (₹120,000/-)

Lead Manager

Horizon Management Private Limited

Issue Size

5,139,200 shares(aggregating up to ₹38.54 Cr)

Retail Portion

50%

Subscription

N/A times

IPO Docs

DRHP RHP

Abha Power and Steel Valuations

EPS Pre IPO

₹2.62/-

EPS Post IPO

₹3.89/-

P/E Pre IPO

28.65

P/E Post IPO

19.26

RoNW

Abha 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

About The Company

Abha Power and Steel Limited operate in the iron and steel foundry sector, specifically in the casting and manufacturing of customised products in almost all grades of iron and steel.

The company's product portfolio includes all grades of mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, low and high alloy castings (high CR and high Ni), HRCS and WRCS, ranging from 0.5 kg to 6 tonnes of single finished casting. The company has a diverse product portfolio of more than 1000 products.

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%

Company Promoter(s)

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.

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.