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
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
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 72.35 |
| Share Capital | 14448630 | 13448630 |
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
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 4,735.90 | 1,444.86 | 140.14 | 140.14 | 0.9699 |
| 2022 | 3,536.87 | 441.60 | -71.53 | -71.53 | -0.5399 |
| 2023 | 4,476.89 | 481.62 | 378.19 | 378.19 | 2.6175 |
