Abha Power and Steel Limited IPO
NSE SMEListed On: Dec 4, 2024 at ₹ 81.9
₹ 240000 /3200 Shares
*Min Investment
27 Nov, 2024
Open Date29 Nov, 2024
Close Date02 Dec, 2024
Allotment Date04 Dec, 2024
Listing DateAbha Power and Steel IPO Issue Details
- Issue Price ₹75 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 51,39,200 shares(aggregating up to ₹38.54 crore)
- Fresh Share 41,39,200 shares(aggregating up to ₹31.04 crore)
- Offer For Sale 10,00,000 shares(aggregating up to ₹7.5 crore)
- Listing at NSE SME
- List Price 81.9
- Listing Date 2024-12-04
- Lead Manager Horizon Management Private Limited
- Registrar Skyline Financial Services Private Ltd
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 offers total 5,139,200 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,2,438,400 (47.45%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| 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 Details
Abha Power and Steel Limited IPO is an SME IPO, priced at ₹75 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 51,39,200 equity shares, aggregating up to ₹38.54 crores..
The IPO bidding window is open from Nov 27, 2024 to Nov 29, 2024. The allotment is expected to be finalized on Dec 2, 2024, and the tentative listing date is Dec 4, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.
Horizon Management Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.
Abha Power and Steel IPO Subscription Analysis And 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
Abha Power and Steel Company Financials
| 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 Abha Power and Steel 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)
Subhash Chand Agrawal, Satish Kumar Shah, Ankit Agrawal, Atish Agrawal, Leela Devi Agrawal and Sunflower Commotrade Private Limited
Pre Issue Share Holding : 100%
Post Issue Share Holding : 72.35%
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 Details
Abha Power and Steel
Silpahri Industrial State, Bilaspur 495001
+91 93022 21587
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Abha Power and Steel Limited IPO is 5,139,200 shares(aggregating up to ₹38.54 Cr).
Ans. The Abha Power and Steel Limited IPO price band is set between ₹75 per equity share.
Ans. To apply for Abha Power and Steel Limited 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 Abha Power and Steel Limited IPO allotment status online.
