Abha Power and Steel Limited
- Minimum Investment₹1,20,000
- Price Range₹75 - ₹75
- Issue Size₹38.54 Cr
- Lot Size1600 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
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
No Data
Balance Sheet
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Cash Flow
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About Abha Power and Steel Limited
- PromoterSubhash Chand Agrawal
- PromoterSatish Kumar Shah
- PromoterAtish Agrawal
- PromoterAnkit Agrawal
- PromoterLeela Devi Agrawal
- PromoterSunflower Commotrade Private Limited