Abha Power and Steel Ltd IPO
Price Range
₹75
-
Min. Quantity
1,600 Shares
Closes on
29 November 2024
-
Min. investment
₹1,20,000
Abha Power and Steel Ltd IPO Timeline
| 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 |
|---|---|---|---|
| 03-2025 | 79.18 | 70.83 | 6.23 |
| 03-2024 | 47.36 | 51.83 | 3.78 |
| 03-2023 | 44.77 | 55.12 | 1.40 |
| 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
| BSE Script | |
| NSE Symbol | |
| Listing In | NSE - SME |
| ISIN | INE0UYG01015 |
| IPO Price | ₹- |
| Face Value | ₹- |
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
How to Check the Allotment Status of Abha Power and Steel Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Abha Power and Steel Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Abha Power and Steel Ltd IPO
Abha Power and Steel Limited was initially incorporated as 'Abha Power and Steel Private Limited', a Private Limited Company, dated May 27, 2004, issued by the Registrar of Companies, Chhattisgarh. Company has converted into a Public Limited Company dated June 5, 2024, and the name of Company is changed to Abha Power and Steel Limited'.