Abha Power and Steel IPo

12.70x

subscribed

Abha Power and Steel IPo

Castings/Forgings
listed
₹1.20LMin. investment
  1. Pre-apply
    26 Nov
  2. Bid start
    27 Nov
  3. Bid end
    29 Nov
  4. Allotment
    2 Dec
  5. Release of funds
    3 Dec
  6. Demat transfer
    3 Dec
  7. Listing
    4 Dec

About Abha Power and Steel Limited

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

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹51.74Cr
This sector
₹535.99Cr
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
₹1,997.42Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
28.62
This sector
37.13
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 IPO?

Investors can apply for the 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.