Abha Power and Steel Limited

  • Minimum Investment
    ₹1,20,000
  • Price Range
    ₹75 - ₹75
  • Issue Size
    ₹38.54 Cr
  • Lot Size
    1600 shares

This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.

Proceeds of this IPO to be used for

Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand their product portfolio

Funding working capital requirements of the company

General corporate purposes

Download RHP DocumentGet more in-depth details about this IPO.

Strengths & Weaknesses of Abha Power and Steel Limited

Diversified product portfolio

The company's product portfolio includes all grades of mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, and low to high alloy castings (high CR & high Ni), along with HRCS & WRCS, ranging from 0.5 kg to 6 tonnes per casting

Fully equipped manufacturing facility

The company's manufacturing facility has a licensed capacity of 14,400 MTPA and includes a captive power plant with an installed capacity of 2.99 MW as of October 15, 2024. It is equipped with modern equipment and skilled manpower

Geographical advantage

The company's manufacturing facility is located in Bilaspur, Chhattisgarh, a mineral-rich and industrially dense steel hub in central India. Strong logistics infrastructure supports efficient raw material sourcing, reducing transportation costs and turnaround times for both raw materials and finished products

Local unrest

The company's only manufacturing facility is located in Bilaspur, Chhattisgarh. Any disruption, breakdown, or shutdown of the facility could materially impact its business, financial condition, operations, and cash flow

Availability & cost of raw materials

The company's manufacturing activities depend on the availability and cost of raw materials. Any shortage or fluctuations in raw material prices could materially impact its business, financial condition, operations, and cash flows

Capital intensive

The company’s business is capital-intensive and requires substantial financing for operations. Its indebtedness and the conditions and restrictions of financing arrangements could negatively impact its ability to conduct business

Financials

Earnings Per Share

Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.

No Data

Balance Sheet

A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
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Cash Flow

The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
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About Abha Power and Steel Limited

Abha Power and Steel was incorporated on May 27, 2004. The company is involved in iron and steel foundry, specializing in casting and manufacturing customized products across various grades of iron and steel, ranging from 0.5 kg to 6 tonnes per casting
  • Promoter
    Subhash Chand Agrawal
  • Promoter
    Satish Kumar Shah
  • Promoter
    Atish Agrawal
  • Promoter
    Ankit Agrawal
  • Promoter
    Leela Devi Agrawal
  • Promoter
    Sunflower Commotrade Private Limited

Abha Power and Steel Limited IPO FAQs

What is Abha Power and Steel Limited IPO?

Abha Power and Steel Limited IPO refers to the initial public offering of shares by Abha Power and Steel Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

What is the issue size of Abha Power and Steel Limited IPO?

For Abha Power and Steel Limited IPO the issue size is ₹39 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

What is the minimum investment amount for the Abha Power and Steel Limited IPO?

For Abha Power and Steel Limited IPO the minimum investment is ₹1,20,000. The minimum investment for Abha Power and Steel Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

What is the lot size of Abha Power and Steel Limited IPO?

For Abha Power and Steel Limited IPO the lot size is 1600 shares. The lot size of Abha Power and Steel Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

How to apply for Abha Power and Steel Limited IPO on Share.Market?

To apply for Abha Power and Steel Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Abha Power and Steel Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Can I pre-apply for Abha Power and Steel Limited IPO?

Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Abha Power and Steel Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

How many days is the IPO application window open?

The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

Till what time can I apply for an IPO on the last day on Share.Market?

You can apply for the IPO till 3 PM on the last day of application on Share.Market.

What is the allotment date of Abha Power and Steel Limited IPO?

For Abha Power and Steel Limited IPO the allotment date is December 2, 2024. The allotment date of Abha Power and Steel Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

What are the open and close dates of Abha Power and Steel Limited IPO?

For Abha Power and Steel Limited IPO, the subscription opens on November 27, 2024 and closes on November 29, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
Bidding Ongoing
-
Total Subscription
17.04x Oversubscribed