IPO Trending
ABHAPOWERSME / NSEListed
Abha Power and Steel

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.

DRHP
₹75 - ₹7517.55x sub
Listed Price₹81.90
Listing Gain+9.20%

IPO Schedule & Timeline

Fixed Price IPO
Open27 Nov 2024
Close29 Nov 2024
Allotment02 Dec 2024
Listing04 Dec 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail24,38,400 shares
47.4%
Other24,38,400 shares
47.4%
Market Maker2,62,400 shares
5.1%

Minimum Application Lots

Retail2 Lots (3,200 shares)
₹2,40,000
HNI3 Lots (4,800 shares)
₹3,60,000

Company Promoters

Subhash Chand AgrawalSatish Kumar ShahAnkit AgrawalAtish AgrawalLeela Devi Agrawal

Company Background

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 ...

Lead Managers & Bankers

Horizon Management Private Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Oct-24)₹3755 Cr
Growth-31.7%
Revenue Trend (₹ in Crores)
0.02.1k4.2k6.3kMar-22Mar-23Mar-24Oct-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Oct-243,7553625,1362,177
Mar-245,1833784,7362,373
Mar-235,5121404,4772,393
Mar-225,498-723,5371,766

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Oct-242.5118.71%18.65%28.6519.26
Mar-242.6224.17%23.64%00
Mar-230.9711.23%10.73%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Skyline Financial Services Private Limited

Allotment Finalized
Allotment Date
02 Dec 2024
Official Status
Out / Finalized
Registrar
Skyline Financial Services Private Limited
Listing Date
04 Dec 2024

Official Allotment Verification Links

Official Registrar Portal
Skyline Financial Services Private Limited

Direct allotment verification on the official registrar portal appointed for Abha Power and Steel. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization02 Dec 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date04 Dec 2024Trading commences on exchange

How to Check Abha Power and Steel Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Abha Power and Steel from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Abha Power and Steel IPO

Complete issue overview for Abha Power and Steel (ABHAPOWER) IPO. The issue features an equity share price band of ₹75 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,20,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions