Suraksha Diagnostic...
23 Nov 2024
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
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Abha Power and Steel Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 75 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 1600 Shares |
| Total Issue Size | 5,139,200 shares (aggregating up to ₹38.54 Cr) |
| Fresh Issue | 4,139,200 shares (aggregating up to ₹31.04 Cr) |
| Offer for Sale | 1,000,000 shares of ₹10 (aggregating up to ₹7.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 14,448,630 |
| Shareholding post issue | 18,587,830 |
| Market Maker portion | 262,400 shares Giriraj Stock Broking |
Abha Power and Steel Limited IPO (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
Abha Power and Steel Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
Abha Power and Steel Limited IPO Reservation
| 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 Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 72.35% |
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.
Abha Power and Steel Limited Financial Information
| Period Ended | 15 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 5,135.61 | 4,735.9 | 4,476.89 | 3,536.87 | ||||||||||||||||||||||||||||||||||||
| Revenue | 3,754.92 | 5,182.68 | 5,511.82 | 5,498.4 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 361.97 | 378.19 | 140.14 | -71.53 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,115.63 | 1,753.66 | 1,375.47 | 1,120.07 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 670.76 | 308.8 | 893.85 | 678.47 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,177.34 | 2,373.22 | 2,393.34 | 1,765.62 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
Abha Power IPO FAQs
-
What is Abha Power IPO?
Abha Power IPO is a SME IPO. The company is going to raise ₹38.54 Crores via IPO. The issue is priced at ₹75 per equity share. The IPO is to be listed on NSE.
-
When will the Abha Power IPO open for subscription?
The IPO is to open on November 27, 2024 for QIB, NII and Retail Investors. The IPO will close on November 29,2024.
-
What is Abha Power IPO Investors Portion?
The investors’ portion for QIB is 00%, NII is 50% and Retail is 50%.
-
What is Abha Power IPO Issue Size?
Abha Power IPO issue size is ₹38.54 crores.
-
What is Abha Power IPO Price Band?
Abha Power IPO Price Band is ₹75.
-
What is Abha Power IPO Lot Size?
The minimum bid is 1,600 Shares with ₹1,20,000.
-
What is the Abha Power IPO Allotment Date?
Abha Power IPO allotment date is December 2, 2024.
-
What is the Abha Power IPO Listing Date?
Abha Power IPO listing date is December 4, 2024. The IPO is to list on NSE.
-
What is the Abha Power current GMP?
The current GMP of the Abha Power is ---.
RHP:
RHP of Abha Power and Steel Limited IPO
DRHP:
DRHP of Abha Power and Steel Limited IPO
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