Abha Power and Steel IPO Details
The key details of Abha Power and Steel’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹38.54 Cr |
| Price Range | ₹75 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1600 |
| Investment (cut-off price) | ₹120,000 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | 72.35% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Abha Power and Steel IPO Timelines
The IPO process for Abha Power and Steel includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
27/11/2024
Start Date29/11/2024
End Date03/12/2024
Refund Initiation03/12/2024
Credit of Shares to Demat Ac04/12/2024
Listing DateAbha Power and Steel IPO Lot Size
The Abha Power and Steel IPO has a fixed lot size of 1,600 shares, at a fixed price band of ₹75 per share, requiring ₹120,000 per lot for retail investors. For HNI investors, the minimum application is 3,200 shares (2 lots) amounting to ₹240,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹120,000 |
| Retail Maximum | 1 | 1600 | ₹120,000 |
| S-HNI Minimum | 2 | 3200 | ₹240,000 |
Abha Power and Steel IPO Subscription Status
The subscription status for Abha Power and Steel IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 10.07x | 24.93x | -- | 18.00x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹81.90 | ₹77.80 | ₹81.90 | ₹77.80 |
Abha Power and Steel IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹54.52 | ₹54.67 | ₹0.72 |
| FY 2023 | ₹54.70 | ₹53.15 | ₹1.40 |
| FY 2024 | ₹51.75 | ₹46.76 | ₹3.78 |
About Company
Abha Power and Steel, founded in 2004, specializes in manufacturing and casting customized iron and steel products, catering to industries like Indian Railways, steel, cement, and power. Operating from a 319,200-square-foot ISO 9001:2015-certified facility in Bilaspur, Chhattisgarh, the company produces a diverse product range, including mild steel, spheroidal graphite iron, manganese steel, and high-alloy castings, with an annual capacity of 14,400 metric tonnes. Equipped with state-of-the-art foundries and a captive 3 MW solar power plant, the company prioritizes sustainability, saving 3,400 metric tonnes of CO₂ emissions annually, and aims to become a green manufacturer.
With nearly two decades of expertise, Abha Power and Steel has built strong customer relationships domestically and internationally, serving clients in over six countries, including Germany, UAE, and Canada. Backed by a well-experienced management team, innovative technology, and a focus on quality and cost-efficiency, the company has positioned itself as a reliable supplier. Its strategic location, engineering expertise, and commitment to environmental sustainability support its profitable growth and long-term success.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2004 | Castings & Forgings | Atish Agrawal |
Know Before Investing
Abha Power and Steel IPO Strengths
- Offering a broad spectrum of iron and steel products tailored for industries like railways, steel, and power.
- Cutting-edge manufacturing facility ensuring premium quality and streamlined operations.
- Located in Bilaspur, ensuring seamless access to raw materials and superior logistics connectivity.
- Serving top-tier customers, including Indian Railways, with a focus on long-term partnerships.
- Guided by an experienced management team, excelling in project delivery and operational excellence.
Abha Power and Steel IPO Risks
- Heavy dependence on Indian Railways, making revenue vulnerable to sector-specific fluctuations.
- Concentrated facility in one location limits reach and hampers geographical diversification.
- Manual operations could restrict productivity and hinder scalability.
- A limited team size could challenge the company’s ability to handle rapid expansions or surges in demand.
- Facing stiff competition from bigger, more established players in the steel sector.
Swot Analysis for Abha Power and Steel IPO
Strengths
Diverse product portfolio, Strong client base including Indian Railways
Weaknesses
Relatively new company, Geographical concentration in Northern India
Opportunities
Growing infrastructure development, Expansion into international markets
Threats
Fluctuations in raw material prices, Intense industry competition
Company Details
Abha Power and Steel Limited
Silpahri Industrial State,
Bilaspur, 495001
Phone: +91 93022 21587
Email: cs@abhacast.com
Website: https://abhacast.com/
IPO Registar Details
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
FAQs
The key objectives of Abha Power and Steel IPO are:
- Funding the capital expenditure towards modernization and upgradation of manufacturing facilities.
- Funding working capital requirements of the Company; and
- General Corporate Purposes.
Horizon Management Private Limited is the book-running lead managers for the Abha Power and Steel IPO.