Abha Power IPO Details: The Abha Power IPO is set to open on November 27, 2024, and will close on November 29, 2024. This is a Fixed Price Issue, aiming to raise approximately ₹38.54 crores. This includes a fresh issue of ₹31.04 crores and an Offer for Sale of up to 10,00,000 equity shares, each with a face value of ₹10.
The IPO price is set at ₹75 per share, with a 50% allocation reserved for retail investors and 50% for High Net Worth Individuals (HNIs). There is no allocation for Qualified Institutional Buyers (QIBs). The shares are expected to be listed on the NSE on December 4, 2024, with the allotment date scheduled for December 2, 2024.
In terms of financial performance, Abha Power reported a revenue of ₹51.75 crores in 2024, compared to ₹54.70 crores in 2023. The company’s profit also saw a notable increase, reaching ₹3.78 crores in 2024, up from ₹1.40 crores in 2023. Considering the company’s financials, long-term investors may find this IPO a promising opportunity.
Abha Power IPO Objectives:
- Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand its product portfolio;
- Funding working capital requirements of the Company; and
- General Corporate Purposes.
Abha Power IPO Review (Apply or Not)
- May Apply
Abha Power IPO Date & Price Band Details:
| IPO Open Date: | November 27, 2024 |
| IPO Close Date: | November 29, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹75 Per Share |
| Issue Size: | Approx ₹38.54 Crores |
| Fresh Issue: | Approx ₹31.04 Crores |
| Offer for Sale: | Approx 10,00,000 Equity Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Abha Power IPO Lot Size:
The minimum market lot for the Abha Power IPO is 1,600 shares, requiring an application amount of ₹120,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,600 | ₹120,000 |
| Retail Maximum | 1 | 1,600 | ₹120,000 |
| S-HNI Minimum | 2 | 3,200 | ₹240,000 |
Abha Power IPO Timeline:
The Abha Power IPO is scheduled to open on November 27 and will close on November 29. The allotment will be finalized on December 2, with the shares set to list on the exchange on December 4.
| IPO Open Date: | November 27, 2024 |
| IPO Close Date: | November 29, 2024 |
| Basis of Allotment: | December 2, 2024 |
| Refunds: | December 3, 2024 |
| Credit to Demat Account: | December 3, 2024 |
| IPO Listing Date: | December 4, 2024 |
Abha Power IPO GMP Today:
The latest Grey Market Premium (GMP) for the Abha Power and Steel SME IPO is ₹0. With a price band set at ₹75, the estimated listing price is projected to be ₹75 (calculated as the cap price plus today’s GMP). This results in an anticipated percentage change per share of 0.00%.
Promoters of Abha Power IPO
The company’s promoters include Subhash Chand Agrawal, Ankit Agrawal, Atish Agrawal, Satish Kumar Shah, and Sunflower Commotrade Private Limited.
About Abha Power IPO
Founded on May 27, 2004, Abha Power and Steel has established a strong reputation over the past 20 years for its expertise in casting and producing custom-made products across a wide range of iron and steel grades. The company’s manufacturing facility sources raw materials internally, minimizing transportation costs and providing significant operational and cost advantages.
Abha Power and Steel is led by a team of highly experienced and dedicated promoters and directors who are committed to delivering solutions and ensuring the sustainable growth of the business. As of March 31, 2024, the company’s manufacturing plant had an annual production capacity of 14,400 metric tonnes (MTPA). Additionally, the company holds a PED Certificate from TUV-NORD, confirming that its quality management system aligns with European standards for casting production.
For the fiscal year 2024, the company reported a net worth of ₹3.78 crores and a revenue of ₹51.75 crores. To support further capital growth, Abha Power and Steel is launching an IPO worth ₹38.54 crores.
Abha Power IPO Company Financial Report
The company reported revenue of ₹51.75 crores in 2024 against ₹54.70 crore in 2023. The company reported Profit of ₹3.78 crores in 2024 against Profit of ₹1.40 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹54.52 | ₹54.67 | ₹0.72 | ₹35.37 |
| 2023 | ₹54.70 | ₹53.15 | ₹1.40 | ₹44.77 |
| 2024 | ₹51.75 | ₹46.76 | ₹3.78 | ₹47.36 |
Abha Power IPO Valuation – FY2024
Check Abha Power IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 24.17% |
| ROCE: | 23.64% |
| EBITDA Margin: | 15.73% |
| PAT Margin: | 7.31% |
| Debt to equity ratio: | 1.35 |
| Earning Per Share (EPS): | ₹2.62 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 24.17% |
| Net Asset Value (NAV): | ₹12.14 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Bhagwati Autocast Limited (Standalone) | 24.10 | 20.40 | 18.40% | 142.00 | 134.00 Cr. |
| Nelcast Limited (Consolidated) | 6.25 | 32.90 | 8.05% | 59.70 | 1,267.00 Cr. |
Abha Power IPO Registrar
Skyline Financial Services Pvt Ltd
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91-11-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
IPO Lead Managers aka Merchant Bankers
- Horizon Management Pvt Ltd
Company Address
Abha Power and Steel Limited
Silpahri Industrial State, Bilaspur,
Chhattisgarh, India – 495001
Phone: +91 93022 21587
E-mail: cs@abhacast.com
Website: www.abhacast.com
Abha Power IPO FAQs
What is Abha Power IPO?
The Abha Power IPO is an SME IPO aiming to raise ₹38.54 crores. The issue is priced at ₹75 per equity share and will be listed on the NSE.
When will the Abha Power IPO open for subscription?
The IPO will be open for subscription starting November 27, 2024, and will be available to QIB, NII, and Retail Investors until the closing date of November 29, 2024.
What is the allocation for different investor categories in the Abha Power IPO?
The allocation for investors is as follows:
- QIB (Qualified Institutional Buyers): 0%
- NII (Non-Institutional Investors): 50%
- Retail Investors: 50%
How can you apply for the Abha Power IPO?
You can apply for the Abha Power IPO through the ASBA (Application Supported by Blocked Amount) option online via your bank account. You also have the option to apply online using UPI through your stock broker’s platform or by completing an offline application form through your broker.
What is the Abha Power IPO issue size?
The total issue size for the Abha Power IPO is ₹38.54 crores.
What is the Abha Power IPO Price Band?
The price band for the Abha Power IPO is set at ₹75 per share.
What is the minimum lot size for the Abha Power IPO?
The minimum lot size is 1,600 shares, requiring an application amount of ₹1,20,000.
When is the Abha Power IPO Allotment Date?
The allotment date for the Abha Power IPO is set for December 2, 2024.
What is the Abha Power IPO Listing Date?
The shares are expected to list on the NSE on December 4, 2024.
