Abha Power and Steel Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | November 27, 2024 to November 29, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price | ₹ 75 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 51,39,200 shares (aggregating up to ₹ 38.54 Cr) |
| Fresh Issue | 41,39,200 shares (aggregating up to ₹ 31.04 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (aggregating up to ₹ 7.5 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,44,48,630 |
| Shareholding post issue | 1,85,87,830 |
| Market Maker portion | 2,62,400 shares Giriraj Stock Broking |
About Abha Power and Steel Limited IPO
Abha Power and Steel Limited, founded in 2004, has established itself as a prominent player in the iron and steel foundry industry. The company specializes in the casting and production of a wide array of customized products, catering to various needs and specifications. With a focus on quality and diversity, their product range includes an impressive selection of materials such as mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, and both low and high alloy castings. Notably, these also encompass high chromium (CR) and high nickel (Ni) castings.
Additionally, the company offers heat-resistant cast steel (HRCS) and wear-resistant cast steel (WRCS) products. The versatility in their production capabilities is evident as they manufacture individual castings that range in weight from a mere 0.5 kilograms to a substantial 6 tonnes. With an extensive catalog comprising over 1,000 different products, Abha Power and Steel Limited effectively meets the diverse demands of its clientele.
The company operates two specialized foundries located on the same site at its extensive manufacturing facility in Silpahari Industrial Area, Bilaspur, Chhattisgarh. These include an SG Iron Foundry and a Steel Foundry, both integral to their production capabilities. The facility spans approximately 319,200 square feet, providing ample space for robust operations. Furthermore, Abha Power and Steel Limited prides itself on its ISO 9001:2015 certification, which is a testament to their commitment to quality. This certification is applicable to the design, development, manufacture, and supply of all their iron and steel castings and assemblies. Their products serve essential industries such as steel, power, and cement, and they also supply critical components such as SGCI inserts, adapters of all types, and valve castings to Indian Railways, demonstrating their versatility and industry reach.
Abha Power and Steel Limited IPO Overview:
- ● Issue Type: Fixed Price Issue IPO
- ● Total Issue Size: ₹38.54 crores (fixed price issue)
- ○ Fresh Issue: 41.39 lakh shares (₹31.04 crores)
- ○ Offer for Sale: 10 lakh shares (₹7.50 crores)
- ● Price Per Share: ₹75 per share
- ● Minimum Lot Size: Minimum 1,600 shares
- ● Issue Opening Date: November 27, 2024
- ● Issue Closing Date: November 29, 2024
- ● Book Running Lead Managers: Horizon Management Private Limited
- ● Registrar: Skyline Financial Services Private Ltd
- ● Market Maker: Giriraj Stock Broking
Abha Power and Steel Limited IPO Reservation
Abha Power and Steel IPO Objectives:-
- The Company proposes to utilize the Net Proceeds towards funding the following objectives:
- 1. Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand its product portfolio.
- 2. Funding working capital requirements of the Company.
- 3. General Corporate Purposes.
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Abha Power and Steel Limited IPO Financial Information
Latest Revenue
3,754.92
₹ Crore
Profit After Tax
361.97
₹ Crore
Net Worth
2,115.63
₹ Crore
Total Borrowing
2,177.34
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 15 Oct 2024 | 5,135.61 | 3,754.92 | 361.97 | 2,115.63 | 2,177.34 | ||||
| 31 Mar 2024 | 4,735.9 | 5,182.68 | 378.19 | 1,753.66 | 2,373.22 | ||||
| 31 Mar 2023 | 4,476.89 | 5,511.82 | 140.14 | 1,375.47 | 2,393.34 | ||||
| 31 Mar 2022 | 3,536.87 | 5,498.4 | -71.53 | 1,120.07 | 1,765.62 | ||||
| Amount in ₹ Crore | |||||||||
Abha Power and Steel Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.17% |
| ROCE | 23.64% |
| RoNW | 24.17% |
| Debt/Equity | 1.35 |
| P/BV | 6.18 |
| PAT Margin (%) | 7.31 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.62 | 3.89 |
| P/E (x) | 28.65 | 19.26 |
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Competitive Strengths
Diversified product mix with a strong focus on customized products.
Fully equipped manufacturing facility.
Strategically located Manufacturing Facility.
Diversified customer base and long-standing relationships with the customers.
Quality assurance and accreditations.
Well-experienced management team with proven project management and implementation skills.
Healthy Growth in profitability.
Captive Power plant.
Download regulatory filings
Abha Power and Steel Limited IPO Timeline
| IPO Open Date | Wednesday, November 27, 2024 |
| IPO Close Date | Friday, November 29, 2024 |
| Basis of Allotment | Monday, December 2, 2024 |
| Initiation of Refunds | Tuesday, December 3, 2024 |
| Credit of Shares to Demat | Tuesday, December 3, 2024 |
| Listing Date | Wednesday, December 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 29, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |