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IPO 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'.

EventDate
Abha Power and Steel Ltd IPO Opening Date27 November 2024
Abha Power and Steel Ltd IPO Closing Date 29 November 2024
Basis of Allotment2 December 2024
Initiation of Refunds3 December 2024
Credit of Shares to Demat3 December 2024
Abha Power and Steel Ltd IPO Listing Date4 December 2024

Abha Power and Steel Ltd IPO Details

Abha Power and Steel Ltd IPO Date27 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 Size1,600
Issue Size Shares of ₹10 (aggregating up to ₹38.54 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹31.04 Cr)
Offer for SaleShares of ₹10 (aggregating up to ₹7.5 Cr)
Issue TypeFixed Price - SME
Listing At NSE - SME
QIB Shares Offered-
Retail Shares Offered-
NII (HNI) Shares Offered-
Company PromotersSubhash 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 LotsSharesAmount
Minimum11,600₹1,20,000
Maximum11,600₹1,20,000
  • 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 AssetsTotal RevenueProfit After Tax
03-202447.3651.833.78
03-202344.7755.121.40
03-202235.3754.98-0.72
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 Holding19.43%
Post Issue Share Holding9.72%

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)

CategoryQIBNIIRetailEmployeeTotal
Subscription (times)----16.6575

Abha Power and Steel Ltd IPO Prospectus

Abha Power and Steel Ltd IPO Listing Date

BSE Script 93290
NSE SymbolABHAPOWER
Listing In NSE - SME
ISININE0UYG01015
IPO Price₹75
Face Value10

Company Contact Information

Abha Power and Steel Ltd
Silpahri Industrail State,Bilaspur-495001
Phone: +91 93022 21587
Email: cs@abhacast.com
Website: www.abhacast.com

Abha Power and Steel Ltd IPO Registrar

Phone:+91-11-40450193-197
Email: grievances@skylinerta.com
Website: www.skylinerta.com

Abha Power and Steel Ltd IPO Lead Manager(s)

  1. Horizon Management Pvt Ltd

FAQ

What is the issue size of Abha Power and Steel Ltd IPO?

Abha Power and Steel Ltd IPO, which opens for subscription from to 29 November 2024 has an issue size of ₹38.54 crore. The issue type is book building issue.

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.

What are the open and close dates for Abha Power and Steel Ltd IPO?

Abha Power and Steel Ltd IPO Opens for subscription from 27 November 2024 to 29 November 2024

What is the lot size and minimum order quantity of the Abha Power and Steel Ltd IPO?

The lot size of Abha Power and Steel Ltd is 1,600 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹1,20,000 and ₹1,20,000 respectively.

What are the allotment dates for the Abha Power and Steel Ltd IPO?

Allotment date for Abha Power and Steel Ltd is 2 December 2024 and refund of application amount (in case allotment is not received) will begin from 3 December 2024. If your allotment goes through, then shares will be credited in your Demat account by 3 December 2024.

Who is the registrar of Abha Power and Steel Ltd IPO?

The registrar for Abha Power and Steel Ltd IPO is Skyline Financial Services Pvt. You can check your IPO allotment status on the registrar's website.

Where is the Abha Power and Steel Ltd IPO getting listed?

The shares of Abha Power and Steel Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)