Abha Power and Steel Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 26-11-2024 | 28-11-2024 | 10 per share | 0 | 1600 Shares | NSE SME | 5,139,200 shares (aggregating up to ₹38.54 Cr) | 2024-12-01 18:30:00 | 2024-12-02 18:30:00 | 2024-12-02 18:30:00 | 03-12-2024 |
About The Company
Abha Power and Steel IPO is a fixed price issue of Rs 38.54 crores. The issue is a combination of fresh issue of 41.39 lakh shares aggregating to Rs 31.04 crores and offer for sale of 10 lakh shares aggregating to Rs 7.50 crores.
Abha Power and Steel IPO opens for subscription on November 27, 2024 and closes on November 29, 2024. The allotment for the Abha Power and Steel IPO is expected to be finalized on Monday, December 2, 2024. Abha Power and Steel IPO will list on NSE SME with tentative listing date fixed as Wednesday, December 4, 2024.
Abha Power and Steel IPO price is ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000.
Horizon Management Private Limited is the book running lead manager of the Abha Power and Steel IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Abha Power and Steel IPO is Giriraj Stock Broking.
Refer to Abha Power and Steel IPO RHP for detailed information.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2022 | 3537 | 5498 | -72 | 1120.07 | 678.47 | 1765.62 |
| 30-03-2023 | 4477 | 5512 | 140 | 1375.47 | 893.85 | 2393.34 |
| 30-03-2024 | 4736 | 5183 | 378 | 1753.66 | 308.8 | 2373.22 |
| 30-11--0001 | 5136 | 3755 | 362 | 2115.63 | 670.76 | 2177.34 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Market Maker | 1 |
| Non-Institutional Buyers | 10.07 |
| Retail Investors | 24.93 |
| Total | 18.00 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | 120000 |
| Retail (Max) | 2 | 1600 | 120000 |
| HNI (Min) | 3 | 3200 | 120000 |
IPO Listing Details
| Listing Date | 03-12-2024 |
| BSE Script Code | - |
| NSE Symbol | - |
| ISIN | - |
| Final Issue Price | 0 |
Promoter holdings
Abha Power and Steel IPO Timeline (Tentative Schedule) Abha Power and Steel IPO opens on November 27, 2024, and closes on November 29, 2024. IPO Open Date Wednesday, November 27, 2024 IPO Close Date Friday, November 29, 2024 Basis of Allotment Monday, De
Contact Information of the Company
Abha Power and Steel Limited
Silpahri Industrial State,
Bilaspur,
495001
Phone: +91 93022 21587
Email: cs@abhacast.com
Website: https://abhacast.com/
IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
IPO Lead Manager
Horizon Management Private Limited (Past IPO Performance)