Loading...
Guest User
Welcome! Please login.
| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹38.54 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹38.54 Cr |
| Fresh Issue | ₹29.08 Cr |
| Offer for Sale | ₹7.50 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹75.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | ABHAPOWER |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | Horizon Management Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Founded in 2004, Abha Power and Steel Limited is engaged in the business of casting and manufacturing iron and steel products. The company makes a wide variety of products, including mild steel, manganese steel, stainless steel, and low and high-alloy castings.
Abha Power and Steel Limited's two foundries—SG Iron Foundry and Steel Foundry— and its manufacturing facility are located in Bilaspur, Chhattisgarh, covering an area of approximately 319,200 square feet.
The facility is ISO 9001:2015 certified for the design, development, manufacturing, and supply of iron and steel castings and assemblies for industries such as steel, power, and cement. It also produces parts for the Indian Railways, including SGCI inserts, adapters (all types), valve castings, and similar items. As of March 31, 2024, the total installed capacity of the plant was 14,400 metric tonnes per annum (MTPA).
Abha Power and Steel Limited has a diverse portfolio of over 1,000 products, it caters to various industries.
The company's clientele includes Vishal Nirmiti Private Limited, Raghavendra Rail Lines Pvt. Ltd., The Indian Hume Pipe Co. Ltd., Beekay Engg Corporation, Ashi Limited, SECR Railway, SCR Railway, Supertech Rail Infra Projects Pvt. Ltd., Northern Railway, and Orissa Concrete & Allied Industries Ltd., among others.
As of April 30, 2024, the company employed 65 people, including senior management.
Competitve Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand our product portfolio | 16.39 |
| 2 | Funding working capital requirements of the Company | 3.00 |
| 3 | General Corporate Purposes. | 7.45 |
| Period Ended | 15 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 51.36 | 47.36 | 44.77 | 35.37 |
| Total Income | 37.55 | 51.83 | 55.12 | 54.98 |
| Profit After Tax | 3.62 | 3.78 | 1.40 | -0.72 |
| NET Worth | 21.16 | 17.54 | 13.75 | 11.20 |
| Reserves and Surplus | 6.71 | 3.09 | 8.94 | 6.78 |
| Total Borrowing | 21.77 | 23.73 | 23.93 | 17.66 |
| Amount in ₹ Crore | ||||
| KPI | Oct 15, 2024 |
|---|---|
| ROE | 24.17% |
| ROCE | 23.64% |
| Debt / Equity | 1.35% |
| RoNW | 24.17% |
| PAT Margin | 7.31% |
| Price to Book Value | 6.18 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.62 | 3.89 |
| P/E (x) | 28.65 | 19.26 |
| Promoter Holding | 100% | 72.35% |
| Market Cap | ₹139.41 Cr. | |
