Abha Power and Steel IPO Details
| IPO Issue Open Date: | 27 November 2024 |
| IPO Issue Close Date: | 29 November 2024 |
| IPO Issue Price Band: | ₹75 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹38.54 Crores | 5,139,200 shares |
| Fresh Issue: | ₹31.04 Crores | 4,139,200 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | NSE |
| IPO Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 50% |
| Employee Discount: | ₹[.] per share |
Abha Power and Steel IPO Prospectus:
Checkout the Abha Power and Steel IPO Prospectus of DRHP and RHP file.
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Abha Power and Steel IPO Dates Timeline
Get the tentative dates and schedule for latest IPO Abha Power and Steel IPO are open and close date, allotment status, refunds, and listing details
| Issue Open Date: | 27 November 2024 |
| Issue Close Date: | 29 November 2024 |
| Basis of Allotment Date: | 2 December 2024 |
| Refunds Initiation: | 3 December 2024 |
| Shares Credit in Demat: | 3 December 2024 |
| IPO Listing Date Detail: | 4 December 2024 |
Abha Power and Steel IPO Market Lot
You can bid for a minimum of 1600 shares and maximum 3200 shares in retail investors section, Also you can check HNI investors section for minimum and maximum in terms of shares and amount.
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 1600 shares = ₹120,000 |
| Retail (Max) | 1 lots and 1600 shares = ₹120,000 |
| HNI (Min) | 2 lots and 3200 shares = ₹240,000 |
| B-HNI Minimum | – |
Abha Power and Steel IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹20 | ₹25,000 | ₹- | 27% |
| 27th Nov | ₹25 | ₹30,000 | ₹- | 33% |
| 26th Nov | ₹- | ₹- | ₹- | ₹- |
About Abha Power and Steel
To be Updated Soon
Abha Power and Steel IPO Strengths
- Diversified product mix with strong focus on customised products
- Fully equipped manufacturing facility
- Diversified customer base and long-standing relationship with our customers.
- Well experienced management team with proven project management and implementation skills
Objects of the IPO Issue
- 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; and
- General Corporate Purposes.
Abha Power and Steel Company Financial Report
The company reported revenue of ₹51.75 crores in 2024 against ₹54.70 crores in 2023. The company reported a profit of ₹3.78 crores in 2024 against a Profit of ₹1.40 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹54.52 | ₹54.67 | ₹0.72 | ₹35.37 |
| 2023 | ₹54.70 | ₹53.15 | ₹1.40 | ₹44.77 |
| 2024 | ₹51.75 | ₹46.76 | ₹3.78 | ₹47.36 |
Abha Power and Steel IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 24.17% |
| ROCE: | 23.64% |
| EBITDA Margin: | 15.73% |
| PAT Margin: | 7.31% |
| Debt to equity ratio: | 1.35 |
| Earning Per Share (EPS): | ₹2.62 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 24.17% |
| Net Asset Value (NAV): | ₹12.14 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Bhagwati Autocast Limited (Standalone) | 24.10 | 20.40 | 18.40% | 142.00 | 134.00 Cr. |
| Nelcast Limited (Consolidated) | 6.25 | 32.90 | 8.05% | 59.70 | 1,267.00 Cr. |
Abha Power and Steel IPO Registrar
Skyline Financial Services Pvt Ltd
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91-11-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Abha Power IPO IPO Lead Manager
- Horizon Management Pvt Ltd
Abha Power and Steel IPO allotment status check on Link Intime website. Click on Skyline Financial Services Private Ltd to get allotment status.
Promoters of Abha Power and Steel
- Subhash Chand Agrawal,
- Satish Kumar Shah,
- Ankit Agrawal
- Atish Agrawal
- Leela Devi Agrawal
- Sunflower Commotrade Private Limited
Company Address
Abha Power and Steel Limited
Silpahri Industrial State, Bilaspur,
Chhattisgarh, India – 495001
Phone: +91 93022 21587
E-mail: cs@abhacast.com
Website: www.abhacast.com
Abha Power and Steel IPO FAQs
What is Abha Power and Steel IPO Detail?
Abha Power and Steel IPO is a main-board IPO. The company is going to raise ₹38.54 Crores via IPO. The issue is priced at ₹75 pr equity share. The IPO is to be listed on NSE.
How to Apply Abha Power and Steel IPO Online?
You can apply for Abha Power and Steel IPO via ASBA online via your bank account/net banking and UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form and Apply IPO online through Zerodha, Upstox, 5Paisa, ICICI Bank, HDFC Bank and SBI Bank.
When Abha Power and Steel IPO will open?
The IPO is to open on 27 November 2024 for QIB, NII, and Retail Investors. The IPO will close on 29 November 2024.
What is Abha Power and Steel IPO Investors Portion?
The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.
What is Abha Power and Steel IPO Size?
Abha Power and Steel issue size is ₹38.54 crores.
What is Abha Power and Steel IPO Price Band?
Abha Power and Steel IPO Price Band is ₹75.
What is the Lot Size of Abha Power and Steel IPO?
The Abha Power and Steel IPO minimum bid size is1600 Shares with ₹1,20,000 amount.
What is the Abha Power and Steel IPO Allotment Date?
Abha Power and Steel IPO allotment date is 2 December, 2024.
What is the Abha Power and Steel IPO Listing Date?
Abha Power and Steel IPO listing date is 4 December, 2024. The IPO is to list on NSE.