Abha Power and Steel Ltd
Price Range
₹75
Min. Quantity
1,600
Closes on
29 November 2024
Min. investment
₹1,20,000/1,600 Shares
Abha Power and Steel Ltd IPO Timeline
Abha Power and Steel Ltd was incorporated as 'Abha Power and Steel Private Limited', a Private Limited Company, dated May 27, 2004, issued by the Registrar of Companies, Chhattisgarh. Company converted into a Public Limited Company and a fresh Certificate of Incorporation dated June 5, 2024, was issued by the Asst. Registrar of Companies, Central Processing Centre, recording the change in the name of Company to Abha Power and Steel Limited'.
| Event | Date |
|---|---|
| Abha Power and Steel Ltd IPO Opening Date | 27 November 2024 |
| Abha Power and Steel Ltd IPO Closing Date | 29 November 2024 |
| Basis of Allotment | 2 December 2024 |
| Initiation of Refunds | 3 December 2024 |
| Credit of Shares to Demat | 3 December 2024 |
| Abha Power and Steel Ltd IPO Listing Date | 4 December 2024 |
Abha Power and Steel Ltd IPO Details
| Abha Power and Steel Ltd IPO Date | 27 November 2024 to 29 November 2024 |
| Abha Power and Steel Ltd IPO Face Value | ₹10 per share |
| Abha Power and Steel Ltd IPO Price | ₹75 to ₹0 per share |
| Abha Power and Steel Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹38.54 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹31.04 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹7.5 Cr) |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Subhash Chand Agarwal, Ankit Agrawal, Atish Agrawal |
Abha Power and Steel Ltd IPO Lot Size
The Abha Power and Steel Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,20,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,20,000 |
| Maximum | 1 | 1,600 | ₹1,20,000 |
- Strengths
- Risks
- Opportunities
- Diversified product mix with strong focus on customised products.
- Fully equipped manufacturing facility.
- Strategically located Manufacturing Facility.
- Captive Power plant.
- Diversified customer base and long-standing relationship with our customers.
- Quality assurance and accreditations.
- Well experienced management team with proven project management and implementation skills.
Company Financials
Abha Power and Steel Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 47.36 | 51.83 | 3.78 |
| 03-2023 | 44.77 | 55.12 | 1.40 |
| 03-2022 | 35.37 | 54.98 | -0.72 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the capital expenditure towards modernization and upgradation of the mfg facility in
- Funding working capital requirements of the company
- General corporate purposes
Abha Power and Steel Ltd IPO Promoter Holding
| Pre Issue Share Holding | 19.43% |
| Post Issue Share Holding | 9.72% |
Abha Power and Steel Ltd IPO Subscription Status (Bidding Detail)
The Abha Power and Steel Ltd IPO is subscribed 16.6575 times on 29 November 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 16.6575 |
Abha Power and Steel Ltd IPO Prospectus
Abha Power and Steel Ltd IPO Listing Date
| Listing Date | 4 December 2024 |
| BSE Script | 93290 |
| NSE Symbol | ABHAPOWER |
| Listing In | NSE - SME |
| ISIN | INE0UYG01015 |
| IPO Price | ₹75 |
| Face Value | ₹10 |
Company Contact Information
Silpahri Industrail State,Bilaspur-495001
Phone: +91 93022 21587
Email: cs@abhacast.com
Website: www.abhacast.com
Abha Power and Steel Ltd IPO Registrar
Abha Power and Steel Ltd IPO Lead Manager(s)
- Horizon Management Pvt Ltd
FAQ
What is the issue size of Abha Power and Steel Ltd IPO?
I have pre-applied for Abha Power and Steel Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.