Listed Price₹81.90
Listing Gain+9.20%
Price Band₹75
Lot Size1,600 shares
Min Bid₹1,20,000
Subscription17.55x
Listed Market Snapshot
₹81.90Listed price from market data
+9.20%listing gain
Issue Amount
₹38.54 Cr
Listed Price
₹81.90
Current Price
₹27.6
Registrar
Skyline Financial Services Private Limited
Timeline•Fixed Price IPO
Open27 Nov 2024
Close29 Nov 2024
Allotment02 Dec 2024
Listing04 Dec 2024
Quota Reservation Portions
RetailPortion: 24,38,400 shares
47.4%OtherPortion: 24,38,400 shares
47.4%Market MakerPortion: 2,62,400 shares
5.1%Minimum Application Bracket Matrix
Retail2 lots / 3,200 shares
₹2,40,000HNI3 lots / 4,800 shares
₹3,60,000About the Company
Founded in 2004, Abha Power and Steel Limited operates in the iron and steel foundry sector, manufacturing over 1,000 customized casting products across almost all grades of iron and steel. The company’s ISO 9001:2015 certified facility in Silpahri Industrial Area, Bilaspur, Chhattisgarh spans 319,200 square feet with two foundries and an installed capacity of 14,400 MTPA, producing castings for sectors like steel, power, cement, and Indian Railways. With products ranging from 0.5 kg to 6 tonnes, the company caters to clients such as Vishal Nirmiti Private Limited, Indian Hume Pipe Co. Ltd., and multiple railway divisions, and employed 65 people as of April 30, 2024.
Company Promoters
Subhash Chand AgrawalSatish Kumar ShahAnkit AgrawalAtish AgrawalLeela Devi Agrawal
Lead Managers
Registrar
Skyline Financial Services Private Limited