Abha Power and Steel IPO
Abha Power and Steel is an NSE SME IPO listed on the NSE SME platform, priced at ₹75 per share. The stock debuted at ₹81.9, delivering a listing gain of 9.2%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹1,20,000.
Abha Power and Steel Limited IPO
- IPO Dates
- Nov 27, 2024 – Nov 29, 2024
- Price band
- ₹75 per equity share
- Minimum Investment
- ₹1,20,000
- Issue size
- ₹38.54 Cr
- Lot size
- 1600
- Allotment Date
- Dec 2, 2024
- Listing
- Dec 4, 2024
- Listing At
- NSE SME
IPO timeline
-
Nov 27, 2024
Open Date
Completed
-
Nov 29, 2024
Close Date
Completed
-
Dec 2, 2024
Allotment Date
Completed
-
Dec 4, 2024
Listing Date
Completed
Abha Power and Steel IPO Essentials
Abha Power and Steel IPO Details
Abha Power and Steel IPO is priced at ₹75 per share with a total issue size of 38.54 crore. The IPO has a lot size of 1600 shares and is listed on NSE SME.
- Issue price
- ₹75 per equity share
- Lot size
- 1600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,139,200 shares(aggregating up to ₹38.54 Cr)
- Total issue size
- 51,39,200 shares
(aggregating up to ₹38.54 crore) - Fresh issue
- 41,39,200 shares
(aggregating up to ₹31.04 crore) - Offer for sale (OFS)
- 10,00,000 shares
(aggregating up to ₹7.5 crore) - Listing at
- NSE SME
- List price
- 81.9
- Listing date
- Registrar
- Skyline Financial Services Private Ltd
- Lead manager
-
Horizon Management Private Limited
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,20,000 |
| Retail(max) | 1 | 1600 | ₹1,20,000 |
| NII (min) | 2 | 3,200 | ₹2,40,000 |
Abha Power and Steel IPO Reservation
Abha Power and Steel IPO reservation details show category-wise allocation of shares. Out of the total 5,139,200 shares, approximately 47.45% for retail investors, and 5.11% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 262,400 (5.11%) | |
| Retail Shares Offered | 2,438,400 (47.45%) | |
| Total Shares Offered | 5,139,200 (100%) |
Abha Power and Steel IPO Analytics
Abha Power and Steel IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Abha Power and Steel IPO Subscription Status
Abha Power and Steel IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹2.62/-
- EPS Post IPO
- ₹3.89/-
- P/E Pre IPO
- 28.65
- P/E Post IPO
- 19.26
Returns
- ROE
- 24.17%
- ROCE
- 23.64%
- RoNW
- 24.17%
- PAT Margin
- 7.31
Fundamentals
- Debt / Equity
- 1.35
- Price / Book
- 6.18
Abha Power and Steel Financials( In Lakhs)
| 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 |
Abha Power and Steel Company & Offer Insights
About Abha Power and Steel
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)
Subhash Chand Agrawal, Satish Kumar Shah, Ankit Agrawal, Atish Agrawal, Leela Devi Agrawal and Sunflower Commotrade Private Limited are the company's promoters of Abha Power and Steel.
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 - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Abha Power and Steel Limited | 2.62 | 2.62 | 12.14 | N/A | 24.17 | 6.25 | Standalone |
| Bhagwati Autocast Ltd. | 24.1 | 24.1 | 142 | 20.4 | 18.4 | 3.49 | Standalone |
| Nelcast Ltd. | 6.25 | 6.25 | 59.7 | 32.9 | 8.05 | 2.53 | Consolidated |
Notes:
- The P/E Ratio is computed as the peer company based on the closing price of BSE limited.
- Return on Net Worth (%) = Profit for the year ended March 31, 2024, divided by Total Equity of the Company as of March 31, 2024.
- NAV is computed as the Total Equity of the Company as of March 31, 2024, divided by the outstanding number of equity shares as of March 31, 2024.
Contact Information
Contact Details
Abha Power and Steel
+91 93022 21587
Silpahri Industrial State, Bilaspur 495001
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Frequently Asked Questions
Click any question to reveal the answer
Abha Power and Steel IPO is a Fixed Priced IPO worth ₹38.54 crore. The issue price is ₹75 per share (fixed price). The IPO opens on Nov 27, 2024 and closes on Nov 29, 2024. It will be listed on NSE SME Platform. Skyline Financial Services Private Ltd is the registrar.
The issue price of Abha Power and Steel IPO is ₹75 per share (fixed price).
The lot size of Abha Power and Steel IPO is 1600 shares.
The minimum investment for Abha Power and Steel IPO is approximately ₹1,20,000 based on the issue price .
Abha Power and Steel IPO opens on Nov 27, 2024 and closes on Nov 29, 2024.
The allotment date of Abha Power and Steel IPO is Dec 2, 2024.
Abha Power and Steel IPO is expected to be listed on Dec 4, 2024, on NSE SME Platform.
Abha Power and Steel IPO valuation snapshot: P/E 19.26, EPS ₹3.89/-, P/B 6.18, RoNW 24.17%, and market cap N/A.
To apply for Abha Power and Steel IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Abha Power and Steel IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Abha Power and Steel IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Abha Power and Steel IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Abha Power and Steel IPO allotment status on IPO Ji for quick and easy access.