Abha Power IPO Details
| IPO Open Date: | November 27, 2024 |
| IPO Close Date: | November 29, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹75 Per Share |
| Issue Size: | Approx ₹38.54 Crores |
| Fresh Issue: | Approx ₹31.04 Crores |
| Offer for Sale: | Approx 10,00,000 Equity Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Abha Power IPO Market Lot
The Abha Power IPO minimum market lot is 1,600 shares with ₹120,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,600 | ₹120,000 |
| Retail Maximum | 1 | 1,600 | ₹120,000 |
| S-HNI Minimum | 2 | 3,200 | ₹240,000 |
Abha Power IPO Dates
The Abha Power IPO date is November 27 and the close date is November 29. The Abha Power IPO allotment will be finalized on December 2 and the IPO listing on December 4.
| IPO Open Date: | November 27, 2024 |
| IPO Close Date: | November 29, 2024 |
| Basis of Allotment: | December 2, 2024 |
| Refunds: | December 3, 2024 |
| Credit to Demat Account: | December 3, 2024 |
| IPO Listing Date: | December 4, 2024 |
Promoters of Abha Power IPO
The promoters of the company are Subhash Chand Agrawal, Ankit Agrawal, Atish Agrawal, Satish Kumar Shah, and Sunflower Commotrade Private Limited.
About Abha Power IPO
Abha Power and Steel, established on May 27, 2004, is renowned for its expertise in the casting and production of custom-made products across a diverse selection of iron and steel grades with 20 years of experience now. Its manufacturing facility comes from its raw material, as a result, it reduces transportation costs and provides advantages and cost benefits that meet operating margins. This company has deep-driven knowledgeable and workaholic promoters and directors with years of experience providing solutions and maintaining the growth and sustainability of business. Further, As of 31 March 2024, the company’s manufacturing plant had a production capacity of 14,400 metric tonnes annually (MTPA). This company received a PED Certificate from TUV-NORD describing that their Quality management framework complies with the European standards for manufacturing castings. Its net worth for FY 2024 is 3.78 crores and its revenue for 2024 is 51.75 crores. For more capital growth this company is going to launch its IPO of 38.54 crores.
Abha Power IPO Company Financial Report
The company reported revenue of ₹51.75 crores in 2024 against ₹54.70 crore in 2023. The company reported Profit of ₹3.78 crores in 2024 against Profit of ₹1.40 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹54.52 | ₹54.67 | ₹0.72 | ₹35.37 |
| 2023 | ₹54.70 | ₹53.15 | ₹1.40 | ₹44.77 |
| 2024 | ₹51.75 | ₹46.76 | ₹3.78 | ₹47.36 |
| October 2024 | ₹37.55 | ₹32.63 | ₹3.62 | ₹51.36 |
Abha Power IPO Valuation – FY2024
Check Abha Power IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 24.17% |
| ROCE: | 23.64% |
| EBITDA Margin: | 15.73% |
| PAT Margin: | 7.31% |
| Debt to equity ratio: | 1.35 |
| Earning Per Share (EPS): | ₹2.62 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 24.17% |
| Net Asset Value (NAV): | ₹12.14 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Bhagwati Autocast Limited (Standalone) | 24.10 | 20.40 | 18.40% | 142.00 | 134.00 Cr. |
| Nelcast Limited (Consolidated) | 6.25 | 32.90 | 8.05% | 59.70 | 1,267.00 Cr. |
Objects of the Issue
- Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand our product portfolio;
- Funding working capital requirements of our Company;
- General Corporate Purposes. (Collectively, referred to herein as the “Objects”)
Abha Power IPO Review
- IPO Watch – May Apply
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Abha Power IPO Registrar
Skyline Financial Services Pvt Ltd
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91-11-40450193-197
Email: [email protected]
Website: www.skylinerta.com
IPO Lead Managers aka Merchant Bankers
- Horizon Management Pvt Ltd
Company Address
Abha Power and Steel Limited
Silpahri Industrial State, Bilaspur,
Chhattisgarh, India – 495001
Phone: +91 93022 21587
E-mail: [email protected]
Website: www.abhacast.com
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