Abha Power and Steel IPO
Open SmeCurrent GMP
₹15 (+20.00%)
Price Band
₹ 75 – 75
Lot Size
1600
Issue Size
₹38.54 Cr
Minimum Investment
₹240000 (3200 Shares)
Listing Date
04 December 2024
Subscription
17.55x
About the Company
Abha Power and Steel Limited, located in the industrial heart of Chhattisgarh, India, specializes in the manufacturing of iron and steel castings. The company produces a wide range of products in various grades, including mild steel, spheroidal graphite cast iron, stainless steel, and high alloy castings. Its product range caters to industries such as railways, steel, cement, heavy engineering, mining, and power, with both standard and customized products.
The company has a strong reputation in the industry, with over 20 years of experience, and is known for its focus on quality, safety, and competitive pricing. Abha Power and Steel is a certified supplier to Indian Railways, National Mineral Development Corporation, and Integral Coach Factory, among others. It also exports its products to over six countries, including the UAE, Germany, Canada, Italy, and the Netherlands.
Abha Power and Steel operates two foundries—an SG iron foundry and a steel foundry—at its manufacturing facility in Bilaspur, Chhattisgarh, which spans 319,200 square feet. The facility is ISO 9001:2015 certified and has an installed capacity of 14,400 metric tonnes per annum (MTPA). It is equipped with modern infrastructure for melting, pouring, molding, heat treatment, and testing.
Additionally, the company has invested in a 2.99 MW captive solar power plant, which accounts for 35% of its total energy consumption, helping reduce operational costs and promoting sustainability. Moving forward, Abha Power and Steel plans to expand its solar power capacity to reduce dependence on external electricity supplies and enhance self-sufficiency.
Promoters
- Subhash Chand Agrawal
- Satish Kumar Shah
- Ankit Agrawal
- Atish Agrawal
- Leela Devi Agrawal
- Sunflower Commotrade Private Limited
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
72.35%
Objects of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following 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.
Address / Contact Info
Abha Power and Steel Limited
Silpahri Industrial State,
Bilaspur,Chhattisgarh - 495001
Phone: +91 93022 21587
Email: cs@abhacast.com
Website: https://abhacast.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 27 November 2024
IPO Close Date
Friday, 29 November 2024
Basis of Allotment
Monday, 02 December 2024
Initiation of Refunds
Tuesday, 03 December 2024
Credit of Shares to Demat
Tuesday, 03 December 2024
Listing Date
Wednesday, 04 December 2024 — NSE & BSE
Important Dates
Open Date
27 November 2024
Close Date
29 November 2024
Basis Of Allotment
02 December 2024
Listing Date
04 December 2024
Financial Performance (₹ in Crores)
| Particular | 15 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 5135.61 | 4735.9 | 4476.89 | 3536.87 |
| Revenue | 3754.92 | 5182.68 | 5511.82 | 5498.4 |
| Profit After Tax | 361.97 | 378.19 | 140.14 | -71.53 |
| Net Worth | 2115.63 | 1753.66 | 1375.47 | 1120.07 |
| Reserve & Surplus | 670.76 | 308.8 | 893.85 | 678.47 |
| Total Borrowings | 2177.34 | 2373.22 | 2393.34 | 1765.62 |
EPS Pre
2.62%
EPS Post
3.89%
P/E Pre
28.65
P/E (Post Issue)
19.26x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of October 15, 2024. |
|---|---|
| ROE % | 24.17 |
| ROCE % | 23.64 |
| Debt / Equity | 1.35 |
| RoNW % | 24.17 |
| PbW | 6.18 |
| Pat Margin % | 7.31 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 262400 | 5.11 | 0 |
| Non-Institutional | 2438400 | 47.45 | 0 |
| Retail Investors | 2438400 | 47.45 | 0 |
| Total | 5139200 | 100 | 0 |
Subscription Status ( Fri, 29 Nov 24 01:07 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 2456000 | 0x |
| Non-Institutional | 2438400 | 22356800 | 9.17x |
| Retail Investors | 2438400 | 60793600 | 24.93x |
| Total | 4876800 | 85606400 | 17.55x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 120,000.00 |
| Retail (Max) | 1 | 1,600 | 120,000.00 |
| S-HNI (Min) | 2 | 3,200 | 240,000.00 |
Registrar
Skyline Financial Services Private Ltd
02228511022
info@skylinerta.com
https://www.skylinerta.com
Book Running Lead Managers
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Abha Power and Steel IPO is a Fixed price IPO worth ₹38.54 crores. The price band is ₹75 to 75 per share. The IPO opens on Wed, Nov 27, 2024 and closes on Fri, Nov 29, 2024. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.
The Abha Power and Steel IPO opens on Wed, Nov 27, 2024 and closes on Fri, Nov 29, 2024
Abha Power and Steel IPO Price Band is ₹75 to 75.
Abha Power and Steel IPO lot size is 1600, and the minimum amount required for application is ₹240000.
The minimum investment for Abha Power and Steel IPO is approximately ₹240000 based on the upper price band.
To apply for the Abha Power and Steel IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Nov 29, 2024. After submission, funds are blocked until the basis of allotment of Abha Power and Steel IPO is finalised.
Abha Power and Steel IPO issue size is ₹38.54 crores.
Abha Power and Steel IPO allotment date is Sat, Jun 27, 2026.
The registrar for Abha Power and Steel IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to Abha Power and Steel IPO through their official website or helpline.
The Abha Power and Steel IPO GMP (Grey Market Premium) is ₹15 as of Wed, Dec 4, 2024. Based on the upper price band of ₹75 per share, the estimated Abha Power and Steel IPO listing price is ₹90, indicating a potential listing gain of approximately 31% over the issue price.