Skip to main content
Abha Power and Steel IPo
12.70xsubscribed

Abha Power and Steel IPo

Castings/Forgings
listed
₹1.20LMin. investment

Abha Power and Steel Limited IPO Details

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

Abha Power and Steel IPo Timeline

  1. Pre-apply
    26 Nov 2024
  2. Bid start
    27 Nov 2024
  3. Bid end
    29 Nov 2024
  4. Allotment
    2 Dec 2024
  5. Release of funds
    3 Dec 2024
  6. Demat transfer
    3 Dec 2024
  7. Listing
    4 Dec 2024

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.

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

Objectives of Abha Power And Steel IPO

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.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹51.74Cr-1.72%₹3.78Cr₹139.41Cr28.621.03
This sector (avg.)₹536.06Cr0.01%₹40.04Cr₹1,820.67Cr35.420.40
₹308.07Cr---₹61.02Cr₹27,073.54Cr435.920.04
₹6,564.23Cr---₹294.04Cr₹7,383.6Cr22.560.37
₹7,319.97Cr---₹709.71Cr₹4,396.53Cr8.860.37

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Abha Power and Steel IPo Contact Details

Company NameAbha Power and Steel Limited

How to apply for Abha Power and Steel IPo?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Abha Power And Steel IPO FAQs