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Abha Power and Steel Limited IPO

Abha Power and Steel Limited IPO

IPO Date :
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Allotment Date :
Listing Date :
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Listed Price: ₹ 81.90 (+9.20%)

Abha Power and Steel Limited's successfully completed its Initial Public Offering and commenced trading on 04-12-2024 at the NSE exchange. The company raised 41,39,200 Shares through this public offering, comprising 41,39,200 Shares in fresh capital and ₹7.50 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹75 to ₹75, with minimum application lots of 1600 shares. The offering attracted significant investor interest during its subscription period from 27-11-2024 to 29-11-2024.

Share allotment was finalized on 02-12-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Abha Power IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Abha Power IPO Key Performance Indicator
Company Financials ( In Lakhs. )

Abha Power IPO About Company

Founded in 2004, Abha Power and Steel Limited operates in the iron and steel foundry sector, manufacturing over 1,000 customized casting products across almost all grades of iron and steel. The company’s ISO 9001:2015 certified facility in Silpahri Industrial Area, Bilaspur, Chhattisgarh spans 319,200 square feet with two foundries and an installed capacity of 14,400 MTPA, producing castings for sectors like steel, power, cement, and Indian Railways. With products ranging from 0.5 kg to 6 tonnes, the company caters to clients such as Vishal Nirmiti Private Limited, Indian Hume Pipe Co. Ltd., and multiple railway divisions, and employed 65 people as of April 30, 2024.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Abha Power IPO Strength Factors

  1. Diversified Product Mix: Offers a portfolio of over 1,000 products with strong focus on customized and value-added solutions for customers.
  2. Advanced Manufacturing Facility: Equipped with modern infrastructure and ISO 9001:2015 certification, backed by a robust installed capacity of 14,400 MTPA.
  3. Strategic Location Advantage: Manufacturing unit located in the industrial hub of Bilaspur, Chhattisgarh, enabling cost efficiency and seamless market access.

Abha Power IPO Risk Factors

  1. Facility Disruption Risk: Any operational failure, shutdown, or breakdown at the Bilaspur manufacturing unit could significantly halt production and impact cash flows.
  2. Raw Material Dependence: Heavy reliance on local suppliers for key raw materials increases exposure to procurement challenges and supply chain disruptions.
  3. Regional Revenue Concentration: Major dependency on Madhya Pradesh and Chhattisgarh markets makes the business vulnerable to regional demand shifts and changes in state-level policies.

Abha Power IPO Lead Manager(s)

  • Horizon Management Private Limited

Abha Power IPO Promoter(s)

  1. Subhash Chand Agrawal
  2. Satish Kumar Shah
  3. Ankit Agrawal
  4. Atish Agrawal
  5. Leela Devi Agrawal

Abha Power IPO Company Details

Abha Power and Steel Limited
Phone:
address:

Abha Power IPO Registrar

Skyline Financial Services Private Limited
Name:
Phone:

Abha Power IPO FAQs