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Open
27 Nov 2024
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Close
29 Nov 2024
3
Allotment
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Listing
Wed, Dec 4, 2024
Price Band
₹75 per share
Issue Size
51,39,200 shares (agg. up to ₹39 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, Dec 4, 2024
Latest GMP
₹15
Est. Gain
20%
✦ AI Insight
GMP Trend
04-12-2024₹15Est. ₹90+20%
03-12-2024₹15Est. ₹90+20%
02-12-2024₹15Est. ₹90+20%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 17.38x |
Restated Financials (₹ Cr.)
| Period Ended | 15 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 51.36 | 47.36 | 44.77 | 35.37 |
| Total Income | 37.55 | 51.83 | 55.12 | 54.98 |
| Profit After Tax | 3.62 | 3.78 | 1.40 | -0.72 |
| NET Worth | 21.16 | 17.54 | 13.75 | 11.20 |
| Reserves and Surplus | 6.71 | 3.09 | 8.94 | 6.78 |
| Total Borrowing | 21.77 | 23.73 | 23.93 | 17.66 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| AMIC Forging Ltd. | SME | ₹34.80 Cr | ₹126 | 1.01 | ₹251.35 | +99.48% | ₹1,752.40 (-0.83%) |
| Happy Forgings Ltd. | Mainboard | ₹1,008.59 Cr | ₹850 | 36.45 | ₹1,030.80 | +21.27% | ₹1,608.00 (+1.17%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand our product portfolio | 16.39 |
| 2 | Funding working capital requirements of the Company | 3.00 |
| 3 | General Corporate Purposes. | 7.45 |
About Abha Power IPO
Founded in 2004, Abha Power and Steel Limited is engaged in the business of casting and manufacturing iron and steel products. The company makes a wide variety of products, including mild steel, manganese steel, stainless steel, and low and high-alloy castings. Abha Power and Steel Limited's two foundries—SG Iron Foundry and Steel Foundry— and its manufacturing facility are located in Bilaspur, Chhattisgarh, covering an area of approximately 319,200 square feet. The facility is ISO 9001:2015 certified for the design, development, manufacturing, and supply of iron and steel castings and assemblies for industries such as steel, power, and cement. It also produces parts for the Indian Railways, including SGCI inserts, adapters (all types), valve castings, and similar items. As of March 31, 2024, the total installed capacity of the plant was 14,400 metric tonnes per annum (MTPA). Abha Power and Steel Limited has a diverse portfolio of over 1,000 products, it caters to various industries. The company's clientele includes Vishal Nirmiti Private Limited, Raghavendra Rail Lines Pvt. Ltd., The Indian Hume Pipe Co. Ltd., Beekay Engg Corporation, Ashi Limited, SECR Railway, SCR Railway, Super
Contact Details
Abha Power & Steel Ltd. AddressSilpahri IndustrialStateHardikalaBilaspur, Chhattisgarh, 495001+91 93022 21587cs@abhacast.comVisit Website