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 timesAbha 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
19.26RoNW
%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%
- 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.