What are the open and close dates of the Abha Power and Steel IPo ?

Abha Power and Steel IPo will be open between 2024-11-27 and 2024-11-29.

What is the allotment date for the Abha Power and Steel IPo ?

Abha Power and Steel IPo allotment date is 2024-12-03. For Abha Power and Steel IPo allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Abha Power and Steel IPo ?

For Abha Power and Steel IPo, the IPO registrar is Skyline Financial Services Private Ltd. You can check Abha Power and Steel IPo allotment status on the website of the registrar.

Where is the Abha Power and Steel IPo getting listed?

The shares are proposed to be listed on the BSE and NSE.

When will Abha Power and Steel IPo shares be credited to your demat account?

The Abha Power and Steel IPo shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.

What is the lot size and minimum order quantity of the Abha Power and Steel IPo ?

The Abha Power and Steel IPo lot size is 1600 and minimum order quantity is 1600.

What is the price band for the Abha Power and Steel IPo ?

Abha Power and Steel IPo has set the price band for its IPO at 75 per equity share with a face value of 10.

Home
/
IPO

12.70x

subscribed

Abha Power and Steel IPo

Castings/Forgings

listed

₹1.20LMin. investment

Pre-apply
26 Nov
Bid start
27 Nov
Bid end
29 Nov
Allotment
2 Dec
Release of funds
3 Dec
Demat transfer
3 Dec
Listing
4 Dec

Abha Power and Steel Limited IPO Details

Issue size

₹38Cr

IPO type

SME

Market Cap

₹139.41CrLower than sector avg

Price range

₹75.00 – ₹75.00

RevenueApr 2023 - Mar 2024

₹51.74CrLower than sector avg

Lot size

1600 shares

Red Herring Prospectus

Read

Growth rate3Y CAGR

-1.72%Lower than sector avg

SectorCastings/Forgings

Price range₹75.00 – ₹75.00

IPO type

SME

Lot size1600 shares

Issue size₹38Cr

Red Herring Prospectus

Read

Market Cap

₹139.41CrLower than sector avg

RevenueApr 2023 - Mar 2024

₹51.74CrLower than sector avg

Growth rate3Y CAGR

-1.72%Lower than sector avg

Checklist

Quality analysis

Revenue growth

Company valuation

Earnings expansion

Risk analysis

Debt to Equity ratio

Promoter holdings

Shares pledged

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Compare

Companies in this sector

PTC Industries Ltd

Kirloskar Ferrous Industries Ltd

Electrosteel Castings Ltd

Revenue

Higher revenue means strong sales and good market demand

This IPO

₹51.74Cr

This sector

₹536.06Cr

Compare with companies

3Y growth

Strong 3-year growth shows consistent progress and potential

This IPO

-1.72%

This sector

0.01%

Compare with companies

PAT

Higher PAT means strong profitability and efficient cost management

This IPO

₹3.78Cr

This sector

₹40.04Cr

Compare with companies

Market cap

Higher market cap means strong confidence but may suggest overvaluation

This IPO

₹139.41Cr

This sector

₹1,820.67Cr

Compare with companies

P/E ratio

Lower ratio usually means stock is undervalued

This IPO

28.62

This sector

35.42

Compare with companies

D/E ratio

Lower ratio usually means fewer liabilities

This IPO

1.03

This sector

0.40

Compare with companies

Objectives

Funding the capital expenditure

The company will utilize around ₹16.39 crore for the capital expenditure.

Funding working capital requirements

The company will spend ₹3 crore for working capital requirements.

General corporate purposes

The company will utilize ₹7.45 crore for general corporate purposes.

About Abha Power and Steel Limited

Abha Power and Steel is a key player in the iron and steel foundry industry, based in Bilaspur, Chhattisgarh. Established in 2004, the company specializes in custom castings across grades like mild steel, SGCI, manganese steel, and high alloys.

It produces castings from 0.5 kg to 6 tonnes for industries like railways, steel, cement, mining, and power. Operating two advanced foundries across 319,200 sq. ft., it exports to the UAE, Germany, Canada, and Italy. With a 2.99 MW solar plant and strategic location, it focuses on sustainability and cost efficiency, serving loyal domestic and global clients.

Frequently asked questions

How to invest in the Abha Power and Steel IPo ?

Investors can apply for the Abha Power and Steel IPo through their Demat account via the stock exchange or through their broker.

What is the issue size of Abha Power and Steel IPo ?

The issue size of the Abha Power and Steel IPo is 38 Cr.

What is 'pre-apply' for Abha Power and Steel IPo ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Abha Power and Steel IPo shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.