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Objective of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following 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.
- General Corporate Purposes.
IPO Details, Price, Market Lot
| Abha Power and Steel SME IPO Details | |
| IPO Open Date | 27 November 2024 |
| IPO Close Date | 29 November 2024 |
| IPO Issue Size | 5,139,200 Shares (Aggregating up to ₹38.54 Cr) |
| Fresh Issue | 4,139,200 Shares (Aggregating up to ₹31.04 Cr) |
| Offer for Sale | 1,000,000 Shares (Aggregating up to ₹7.50 Cr) |
| Retail Portion | 50.00% of the offer |
| NII Portion | 50.00% of the offer |
| Listing At | NSE SME |
| Abha Power and Steel SME IPO Price | |
| Face Value | ₹10 Per Share |
| IPO Price Band | ₹75 Per Share |
| Employee Discount | — |
| IPO Issue Type | Fixed Price Issue |
| Abha Power and Steel SME IPO Market Lot For Retail Investor | |
| No. of Shares Per Lot | 1600 Shares |
| Minimum Lot Size | 1 Lot (1600 Shares) |
| Minimum Amount (Cut-off price) | ₹1,20,000 |
| Maximum Lot Size | 1 Lot (1600 Shares) |
| Maximum Amount (Cut-off price) | ₹1,20,000 |
| Abha Power and Steel SME IPO Market Lot For HNI | |
| No. of Shares Per Lot | 1600 Shares |
| Minimum Lot Size | 2 Lots (3200 Shares) |
| Minimum Amount (Cut-off price) | ₹2,40,000 |
IPO Date, Listing Date, Allotment Date
| Abha Power and Steel SME IPO Time Table (Tentative) | |
| IPO Open Date | 27 November 2024 |
| IPO Close Date | 29 November 2024 |
| Basis of Allotment Date | 2 December 2024 |
| Initiation of Refunds | 3 December 2024 |
| Credit of Share to Demat Account | 3 December 2024 |
| IPO Listing Date | 4 December 2024 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 15 October 2024 | 5,135.61 | 3,754.92 | 361.97 | 2,115.63 | 2,177.34 |
| 31 March 2024 | 4,735.90 | 5,182.68 | 378.19 | 1,753.66 | 2,373.22 |
| 31 March 2023 | 4,476.89 | 5,511.82 | 140.14 | 1,375.47 | 2,393.34 |
| 31 March 2022 | 3,536.87 | 5,498.40 | -71.53 | 1,120.07 | 1,765.62 |
| Period Ended | 15 Oct. 2023 | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Assets | 5,135.61 | 4,735.90 | 4,476.89 | 3,536.87 |
| Revenue | 3,754.92 | 5,182.68 | 5,511.82 | 5,498.4 |
| P A T | 361.97 | 378.19 | 140.14 | -71.53 |
| Net Worth | 2,115.63 | 1,753.66 | 1,375.47 | 1,120.07 |
| Borrowings | 2,177.34 | 2,373.22 | 2,393.34 | 1,765.62 |
| Amount in ₹ Lakh | ||||
Company Promotor & Promotor’s Holding
| Pre Issue Promotor Holding | 100.00% |
| Post Issue Promotor Holding | 72.35% |
Company Address
Abha Power and Steel Limited
Silpahri Industrial State, Bilaspur, 495001
Phone: +91 93022 21587
Email: cs@abhacast.com
Website: https://abhacast.com/
IPO Registrar, Lead Manager, Prospectus
| Abha Power and Steel SME IPO Prospectus |
| Abha Power and Steel SME IPO Registrar |
| Skyline Financial Services Private Ltd |
| Abha Power and Steel SME IPO Lead Manager |
| Horizon Management Private Limited |