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Abha Power And Steel IPO

Listed Listed stocks

Abha Power And Steel IPO Details

  • Bidding Date

    27-Nov-2024 to
    29-Nov-2024

  • Issue Size

    ₹385.44 Cr

  • Price Band

    ₹750

  • Allotment date

    02-Dec-2024

  • Listing date

    04-Dec-2024

  • Lot size

    1600

  • No. of shares

    51,39,200

  • Fresh issue/OFS

    ₹310.44 Cr/₹75 Cr

About Abha Power And Steel Company

The company, founded in 2004, specializes in the manufacturing of customized iron and steel castings, catering to a wide range of industries, including Indian Railways, steel, cement, heavy engineering, mining, and power sectors. Its product portfolio spans various grades of metals such as mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, and alloy castings, with finished products ranging from 0.5 kg to 6 tonnes per casting. The company's operations are supplemented by a captive solar power plant with an installed capacity of 2.99 MW, reducing operational costs and improving energy self-sufficiency. Abha Power and Steel operates two foundries—SG iron and steel foundries—at a large manufacturing facility located in Silpahri Industrial Area, Bilaspur. The facility spans 319,200 square feet and is equipped with advanced production and testing infrastructure.

Subscription Status

  • Category

    Status

  • QIBs

    --

  • NIIs

    --

  • Retail

    --

  • Others

    --

  • Total

    16.6x

Abha Power And Steel Financials

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FAQs for Abha Power And Steel IPO.

The issue size of Abha Power And Steel is ₹385.44 Cr.

Abha Power And Steel falls into Metal Processing industry.

The Abha Power And Steel IPO will be listed on BSE.

The open and close dates for the Abha Power And Steel are 27-Nov-2024 & 29-Nov-2024.

The price band for the Abha Power And Steel ipo is ₹750

The listing date of Abha Power And Steel IPO is 04-Dec-2024.

The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.

Abha Power And Steel total subscription ratio is 16.6X.

Key financial of the Abha Power And Steel are:


Abha Power And Steel FY-24 FY-23 FY-22
Revenue (₹ Cr) 51.75 54.7 54.52
EBIT (₹ Cr) 7.12 2.68 0.99
Proft after Tax (₹ Cr) 3.78 1.4 -0.72
Debt (₹ Cr) 23.73 23.93 17.66
Net Worth (₹ Cr) 17.54 13.75 11.2
RoE (%) 21.57 10.19 -6.39

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