Abha Power IPO Date, Review, Price, Allotment Details

Abha Power IPO open date is November 27, 2024 and the IPO will close on November 29, 2024. Abha Power IPO is a Fixed Price Issue. The company to raise around ₹38.54 crores via IPO that comprises fresh issue of ₹31.04 crores and offer for sale up to 10,00,000 equity shares with face value of ₹10 each.

Abha Power IPO price band is ₹75 per share. The retail quota is 50%, QIB is 00%, and HNI is 50%. Abha Power IPO to list on NSE on December 4, 2024. The allotment of Abha Power IPO date is December 2, 2024.

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. As per the financials the IPO investors should apply the IPO for a long term.

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.

ApplicationLot SizeSharesAmount
Retail Minimum11,600₹120,000
Retail Maximum11,600₹120,000
S-HNI Minimum23,200₹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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Bhagwati Autocast
Limited
(Standalone)
24.1020.4018.40%142.00134.00 Cr.
Nelcast Limited
(Consolidated)
6.2532.908.05%59.701,267.00 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

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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

Abha Power IPO FAQs

What is Abha Power IPO?

Abha Power IPO is a SME IPO. The company is going to raise ₹38.54 Crores via IPO. The issue is priced at ₹75 per equity share. The IPO is to be listed on NSE.

When Abha Power IPO will open for subscription?

The IPO is to open on November 27, 2024 for QIB, NII, and Retail Investors. The IPO will close on November 29,2024.

What is Abha Power IPO Investors Portion?

The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.

How to Apply the Abha Power IPO?

You can apply for Abha Power IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Abha Power IPO Issue Size?

Abha Power IPO issue size is ₹38.54 crores.

What is Abha Power IPO Price Band?

Abha Power IPO Price Band is ₹75.

What is Abha Power IPO Lot Size?

The minimum bid is 1,600 Shares with ₹1,20,000 amount.

What is the Abha Power IPO Allotment Date?

Abha Power IPO allotment date is December 2, 2024.

What is the Abha Power IPO Listing Date?

Abha Power IPO listing date is December 4, 2024. The IPO is to list on NSE.

Note: The Abha Power IPO price band and date are officially announced. The (Abha Power IPO grey market premium) will be added to the IPO GMP page as it will start).
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