Abha Power and Steel Limited
Fixed Price IPO · NSE
- Price band
- ₹75 - ₹75
- Lot size
- 1,600 shares
- Issue amount
- ₹38.54 cr
- Total subscription
- 17.55×
- Opens
- 27 Nov 2024
- Closes
- 29 Nov 2024
- Allotment
- 2 Dec 2024
- Listing
- 4 Dec 2024
Offer at a glance
Issue overview
- Issue size
- 41,39,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹31.04 cr
- Offer for sale
- ₹7.5 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 1,44,48,630
- Shares after issue
- 1,85,87,830
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 3,200 | ₹2,40,000 |
| HNI | 3 | 4,800 | ₹3,60,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| NIB | — | 3,832 |
| RETAIL | — | 37,996 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 18.29 | 455.95 |
Financial performance
Company financials
In Lakhs. · Reported periods may include interim results.
Key performance indicators
| Metric | Oct-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 2.51 | 2.62 | 0.97 |
| ROE | 18.71 | 24.17 | 11.23 |
| ROCE | 18.65 | 23.64 | 10.73 |
| RONW | 24.17 | 11.23 | -6.13 |
| Pre IPO | 28.65 | 0 | 0 |
| Post IPO | 19.26 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- Diversified Product Mix: Offers a portfolio of over 1,000 products with strong focus on customized and value-added solutions for customers.
- Advanced Manufacturing Facility: Equipped with modern infrastructure and ISO 9001:2015 certification, backed by a robust installed capacity of 14,400 MTPA.
- Strategic Location Advantage: Manufacturing unit located in the industrial hub of Bilaspur, Chhattisgarh, enabling cost efficiency and seamless market access.
Risk factors
- Facility Disruption Risk: Any operational failure, shutdown, or breakdown at the Bilaspur manufacturing unit could significantly halt production and impact cash flows.
- Raw Material Dependence: Heavy reliance on local suppliers for key raw materials increases exposure to procurement challenges and supply chain disruptions.
- 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.
Promoters
Subhash Chand Agrawal
Satish Kumar Shah
Ankit Agrawal
Atish Agrawal
Leela Devi Agrawal
Registrar & documents
Lead manager
Horizon Management Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Silpahri Industrial State, Hardikala, Bilaspur, Chhattisgarh, 495001
+91 93022 21587
[email protected]Company website ↗Understanding ABHAPOWER IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.