Abha Power and Steel Limited IPO
Since our inception in 2004 with a steel ingot and billet manufacturing plant in Hardikala, Bilaspur, Chhattisgarh, we expanded in 2009 by adding a spheroidal graphite iron foundry to serve Indian Railways. In 2016, we transformed our ingot plant into a steel foundry. Currently, we operate two foundries—SG iron and steel—within our 319,200 square-foot ISO 9001:2015 certified manufacturing facility in Silpahri Industrial Area, Bilaspur.
| Issue Open | 27-11-2024 |
| Issue Close | 29-11-2024 |
| Allotment Date | 02-12-2024 |
| Listing Date | 04-12-2024 |
| IPO Price Band | ₹- to ₹75 |
| Minimum Share Bid | 1600 |
| Minimum Investment Amount | ₹120000 |
| Total Issue Size | 51,39,200 shares (up to ₹38.544 Cr) |
| Fresh Issue | 41,39,200 shares (up to ₹31.044 Cr) |
| Offer For Sale | 10,00,000 shares (up to ₹7.5 Cr) |
| Face Value | ₹10 Per Share |
| Employee Discount | - |
| Qualified Institutional Buyer [QIB] | - |
| High Networth Individual [HNI] | 50% |
| Retail Individual Investor [RII] | 50% |
| Listed on | NSE SME |
| Listing Date | 04-12-2024 |
| BSE Code | - |
| NSE Code | ABHAPOWER |
| ISIN Code | INE0UYG01015 |
| IPO Price | ₹ 75 |
| Lot Size | 1600 |
| Expected Listing Price | ₹ 87 to ₹ 98 |
| Book Profit | ₹ 110 |
| Stop Loss | ₹ 80 |
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| Financial Year | Total Asset | Total Revenue | Total Expenses | Profit |
|---|---|---|---|---|
| FY-2022 | 35.36 | 54.98 | 54.67 | -0.71 |
| FY-2023 | 44.76 | 55.11 | 53.14 | 1.4 |
| FY-2024 | 47.35 | 51.82 | 46.75 | 3.78 |
| 15-10-2024 | 51.35 | 37.54 | 32.62 | 3.61 |
| Earnings Per Share [EPS] | ₹ 2.62 |
| Price/Earnings [P/E] Ratio | 28.65 |
| Return on Net Worth [RoNW] | 24.17 % |
| Net Asset Value [NAV] | ₹ 12.14 Per Share |
| Application | Lot Size | Shares | Total Amount |
|---|---|---|---|
| Retail Min | 1 | 1,600 | ₹ 1,20,000 |
| Retail Max | 1 | 1,600 | ₹ 1,20,000 |
| Small HNI | 2 | 3,200 | ₹ 2,40,000 |
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