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TCS, HDFCBANK, SBI Liquid Fund (G)
Abha Power And Steel Ltd.

ABHAPOWER

Equity

NSE

Min. Investment

75,000.00

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IPO Details

Bidding Dates

27 Nov 24 - 29 Nov 24

Price Range ₹

75 - 0

Total Equity

38.54Cr

Lot Size

1600

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

27 Nov 2024

Offer end

29 Nov 2024

Allotment

02 Dec 2024

Refund initiation

03 Dec 2024

Demat transfer

03 Dec 2024

Listing

04 Dec 2024

About Company

Established in 2004, Abha Power and Steel Limited specializes in casting and manufacturing a wide range of iron and steel products. Its product lineup includes mild steel, manganese steel, stainless steel, and low and high-alloy castings. The company operates two foundries—SG Iron Foundry and Steel Foundry—and a manufacturing facility located in Bilaspur, Chhattisgarh, spanning approximately 319,200 square feet. Abha Power and Steel Limited's facility is ISO 9001:2015 certified for the design, development, manufacturing, and supply of iron and steel castings and assemblies. It serves industries such as steel, power, and cement, and supplies components for the Indian Railways, including SGCI inserts, adapters of various types, valve castings, and related products. The plant has a total installed capacity of 14,400 metric tonnes per annum (MTPA) as of March 31, 2024. With a diverse portfolio of over 1,000 products, the company caters to a broad range of industries. Its clientele includes prominent names such as 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, Abha Power and Steel Limited employed 65 personnel, including members of senior management.

Year Founded

27-05-2004

Promotor Details

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage10072.35
Share Capital1444863013448630

Offer to Public

51,39,200.00 Cr

Project Details

  • Funding working capital requirements of our Company - 30cr
  • General corporate purposes - 74.51cr
  • Funding the capital expenditure towards modernization and upgradation of the manufacturing - 163.893cr

Objectives

  • Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand our product portfolio
  • Funding working capital requirements of our Company
  • General Corporate Purposes.

Highlights

  • The facility's prime location in Bilaspur, Chhattisgarh, enhances logistical efficiency and ensures proximity to raw material sources and key markets.
  • ISO 9001:2015 certification and a portfolio of over 1,000 products enable access to global markets and diverse industries.
  • Established partnerships with reputed clients, including Indian Railways and leading industrial companies, provide a stable and reliable revenue stream.
  • The integration of solar power plants helps reduce energy costs, improving operational efficiency and sustainability.
  • The ability to serve industries such as steel, power, cement, and railways ensures market diversification and resilience against sector-specific fluctuations.

Challenges

  • Variability in the cost of raw materials directly impacts profit margins and financial stability.
  • Any disruptions at the Bilaspur facility could significantly affect production output and delivery schedules.
  • Dependence on a limited number of key clients increases vulnerability to revenue fluctuations if these clients reduce orders or change suppliers.
  • Changes in government policies or regulations related to the steel and power industries could pose operational challenges.
  • A relatively small team of 65 employees, including senior management, may limit the company’s ability to scale operations rapidly or manage larger projects.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20244,735.901,444.86378.19378.192.6175
20223,536.87441.60140.14140.140.9699
20234,476.89481.62378.19378.192.6175
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