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Abha Power & Steel Ltd

Abha Power & Steel Ltd

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹75
₹75
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹75
Based on GMP
Min. Investment
₹120,000
1 lot × 1600 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
27 Nov 2024
Close Date
29 Nov 2024
Allotment
02 Dec 2024
Listing Date
04 Dec 2024
Exchange
NSE SME
Price Band
₹75
Listing Price
See chart
Allotment Status
Price Band
₹75
Per share
Face Value
₹10 per share
 
Lot Size
1,600 Shares
per lot
Issue Size
51,39,200 shares (aggregating up to ₹38.54 Cr)
Total offering
Issue Type
Fixed Price IPO
 
Min Investment
₹120,000
1 lot
Pre-IPO Holding
1,44,48,630 shares
Promoters
Post-IPO Holding
1,85,87,830 shares
Promoters
P/E (Pre)
28.65x
 
P/E (Post)
19.26x
 
EPS (Pre)
₹2.62
 
EPS (Post)
₹3.89
 
UPI Deadline
2024-11-29
Mandate
Anchor AllotmentTue, 26 Nov 2024
Basis of AllotmentMon, 02 Dec 2024
Refund InitiationTue, 03 Dec 2024
Demat CreditTue, 03 Dec 2024
Listing DayWed, 04 Dec 2024
UPI Mandate Deadline2024-11-29
Sale TypeFresh Capital-cum-Offer for Sale
Net Offer to Public48,76,800 shares (aggregating up to ₹36.58 Cr)
Market Maker Quota2,62,400 shares (aggregating up to ₹1.97 Cr)
Fresh Issue Shares38,76,800 shares (aggregating up to ₹29.08 Cr)
Offer for Sale10,00,000 shares of ₹10 (aggregating up to ₹7.50 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Abha Power & Steel Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Nov 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
262,400
₹1.97
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
5,139,200
100% ₹38.54
IPO Shares Offered
Abha Power & Steel Ltd IPO total issue size: ₹38.54 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 262,400 ₹1.97
5.11%
Total 5,139,200 ₹38.54
100.00%
* Based on upper price band ₹75 per share
Lot Size & Investment
Lot Size
1,600
Shares per Lot
Issue Price
₹75.00
Upper Band
Min Investment
₹120,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)23,200₹240,000
Retail (Max — 13 Lots)1320,800₹1,560,000
S-HNI (Min — 14 Lots)1422,400₹1,680,000
B-HNI (Min — 68 Lots)68108,800₹8,160,000
* Issue Price ₹75 × Lot Size 1,600 shares
IPO Schedule
Anchor
26 Nov 2024
✓ Done
IPO Open
27 Nov 2024
✓ Done
IPO Close
29 Nov 2024
✓ Done
Allotment
02 Dec 2024
✓ Done
Refunds
03 Dec 2024
✓ Done
Demat Credit
03 Dec 2024
✓ Done
Listing Day
04 Dec 2024
✓ Done
Abha Power & Steel Ltd — Live Price LIVE
₹75.00
INR · NSE
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Issue ₹75.00 Live Price
About Abha Power & Steel Ltd
Founded in 2004, Abha Power and Steel Limited is engaged in the business of casting and manufacturing iron and steel products. The company makes a wide variety of products, including mild steel, manganese steel, stainless steel, and low and high-alloy castings.Abha Power and Steel Limited's two foundries—SG Iron Foundry and Steel Foundry— and its manufacturing facility are located in Bilaspur, Chhattisgarh, covering an area of approximately 319,200 square feet.The facility is ISO 9001:2015 certified for the design, development, manufacturing, and supply of iron and steel castings and assemblies for industries such as steel, power, and cement. It also produces parts for the Indian Railways, including SGCI inserts, adapters (all types), valve castings, and similar items. As of March 31, 2024, the total installed capacity of the plant was 14,400 metric tonnes per annum (MTPA).Abha Power and Steel Limited has a diverse portfolio of over 1,000 products, it caters to various industries.The company's clientele includes Vishal Nirmiti Private Limited, Raghavendra Rail Lines Pvt. Ltd., The Indian Hume Pipe Co. Ltd., Beekay Engg Corporation, Ashi Limited, SECR Railway, SCR Railway, Supertech Rail Infra Projects Pvt. Ltd., Northern Railway, and Orissa Concrete & Allied Industries Ltd., among others.As of April 30, 2024, the company employed 65 people, including senior management.Competitve Strengths:Fully equipped manufacturing facilityStrategically located Manufacturing FacilityCaptive Power plantDiversified customer base and long-standing relationships with the customersQuality assurance and accreditationsWell-experienced management team with proven project management and implementation skillsHealthy Growth in profitability
Objects of the Issue
1
Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand its product portfolio;
2
Funding working capital requirements of the Company; and
3
General Corporate Purposes.
Abha Power & Steel Ltd Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹5,511.8
31 Mar 2023
₹5,182.7
31 Mar 2024
₹3,754.9
15 Oct 2024
Profit After Tax (PAT)
₹140.1
31 Mar 2023
₹378.2
31 Mar 2024
₹362.0
15 Oct 2024
Particulars15 Oct 202431 Mar 202431 Mar 2023
Revenue from Operations 3754.92 5182.68 5511.82
EBITDA N/A N/A N/A
Profit After Tax (PAT) 361.97 378.19 140.14
Net Worth 2115.63 1753.66 1375.47
Total Assets 5135.61 4735.90 4476.89
Reserves & Surplus 670.76 308.80 893.85
Borrowings 2177.34 2373.22 2393.34
EBITDA Margin (%) N/A
PAT Margin (%) 7.31%
P/BV Ratio
6.18
RoE
24.17%
RoCE
23.64%
RoNW
24.17%
PAT Margin
7.31%
Debt/Equity
1.35
Issue Structure & Shareholding
Total Shares Offered51,39,200 (100.00%)
Net Offer to Public48,76,800 shares (aggregating up to ₹36.58 Cr)
Reserved for Market Maker2,62,400 shares (aggregating up to ₹1.97 Cr)
Pre-Issue Promoter Holding1,44,48,630 shares
Post-Issue Promoter Holding1,85,87,830 shares
P/BV Ratio6.18
RoE24.17%
RoCE23.64%
Debt / Equity1.35
Script CodeN/A
Registrar & Lead Managers
IPO Registrar
Skyline Financial Services Pvt.Ltd
Check Allotment
Book Running Lead Managers
Horizon Management Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Abha Power & Steel Ltd IPO subscribed?

Abha Power & Steel Ltd IPO is subscribed 1.00 times by Nov 29, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Abha Power & Steel Ltd IPO retail subscription status?

The Abha Power & Steel Ltd IPO retail category is subscribed 1.00 times as of 29 Nov 2024. The retail portion is oversubscribed.

How to subscribe Abha Power & Steel Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 27 Nov 2024 and closes 29 Nov 2024. Min investment: ₹120,000 (1 lot = 1,600 shares). UPI mandate: 2024-11-29.

How many times Abha Power & Steel Ltd IPO subscribed?

The Abha Power & Steel Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Abha Power & Steel Ltd IPO allotment?

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 02 Dec 2024. Refunds: on 03 Dec 2024.

When Abha Power & Steel Ltd IPO will be listed?

The Abha Power & Steel Ltd IPO listing date is 04 Dec 2024, Wednesday. Listed on: NSE SME. Issue price: ₹75. Estimated listing: ₹75. GMP: NIL.

When Abha Power & Steel Ltd IPO close?

The Abha Power & Steel Ltd IPO closes on 29 Nov 2024, Friday. UPI mandate: 2024-11-29. Allotment: 02 Dec 2024. Listing: 04 Dec 2024.