Abha Power and Steel Limited
Nov 27, 2024 - Nov 29, 2024
Abha Power and Steel Limited IPO Details
SME
Status
listed
Issue Price
₹75.00
Lot Size
1600 Shares
Subscription
18 times
Listing Price
₹81.90 (9.2%)
Face Value
₹10 Per share
Issue Size
Approx ₹38.54 Cr
Fresh Issue
Approx ₹31.04 Cr
Total Shares Offered
Approx ₹7.5 Cr
Retail Quota
50%
QIB Quota
-
HNI Quota
50%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Fixed Price Issue IPO
Listing On
NSE SME
Registrar
Skyline Financial Services Private Ltd
NSE Code
ABHAPOWER
IPO Tentative Timetable
Open Date
Wed Nov 27 2024
Close Date
Fri Nov 29 2024
Allotment Date
Mon Dec 02 2024
Refunds Initiation
Tue Dec 03 2024
Demat Transfer
Tue Dec 03 2024
Listing Date
Wed Dec 04 2024
Valuation
Earning Per Share (EPS)
₹2.62
Price/Earning P/E Ratio
N/A
Return on Net Worth (RoNW)
24.17%
Net Asset Value (NAV)
₹12.14
Promoters
Pre issue Share Holding
100%
Post issue Share Holding
72.35%
Company Promoters
- Subhash Chand Agrawal
- Satish Kumar Shah
- Ankit Agrawal
- Atish Agrawal
- Leela Devi Agrawal
- Sunflower Commotrade Private Limited
Lead Managers
Horizon Management Private Limited
Live Subscription
| Date | NII* | Retail | Total |
|---|---|---|---|
| Nov 27, 2024 | 0.29 | 2.32 | 1.31 |
| Nov 28, 2024 | 1.22 | 6.76 | 3.99 |
| Nov 29, 2024 | 10.07 | 24.93 | 18.00 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.17% |
| ROCE | 23.64% |
| Debt/Equity | 1.35 |
| RoNW | 24.17% |
| P/BV | 6.18 |
| PAT Margin (%) | 7.31 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 2,62,400 (5.11%) |
| Other Shares Offered | 24,38,400 (47.45%) |
| Retail Shares Offered | 24,38,400 (47.45%) |
| Total Shares Offered | 51,39,200 (100%) |
Company Financial
| Period Ended | 15 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 5,135.61 | 4,735.9 | 4,476.89 | 3,536.87 |
| Revenue | 3,754.92 | 5,182.68 | 5,511.82 | 5,498.4 |
| Profit After Tax | 361.97 | 378.19 | 140.14 | -71.53 |
| Net Worth | 2,115.63 | 1,753.66 | 1,375.47 | 1,120.07 |
| Reserves and Surplus | 670.76 | 308.8 | 893.85 | 678.47 |
| Total Borrowing | 2,177.34 | 2,373.22 | 2,393.34 | 1,765.62 |
About Company
Abha Power and Steel Limited was founded in 2004 and focuses on manufacturing customized iron and steel products. The company operates in the iron and steel casting industry, offering a wide variety of products across different grades of iron and steel.
Products and Services
The company produces:
- Mild steel
- Spheroidal graphite (SG) cast iron
- Manganese steel
- Stainless steel
- Low and high alloy castings (such as high chromium and high nickel)
- High- and wear-resistant castings
Their products range in weight from 0.5 kg to 6 tonnes per finished casting, with a portfolio of more than 1,000 products.
Manufacturing Facility
Abha Power and Steel Limited operates two foundries, SG Iron Foundry and Steel Foundry, at its plant located in the Silpahri Industrial Area, Bilaspur, Chhattisgarh. The facility spans an area of approximately 319,200 square feet and is ISO 9001:2015 certified. It is equipped to design, develop, manufacture, and supply iron and steel castings for industries like steel, power, cement, and Indian Railways. Products for Indian Railways include SGCI inserts, adapters, and valve castings. As of March 31, 2024, the facility had a total production capacity of 14,400 metric tonnes per year.
Competitive Strengths
The company’s key strengths include:
- A diverse product range with a focus on customization
- A fully equipped and certified manufacturing facility
- A strategically located plant
- A captive power plant
- A wide customer base and long-term client relationships
- Quality assurance backed by accreditations
- An experienced management team with strong project implementation skills
- Consistent growth in profitability
Clients
The company’s customers include 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.
Workforce
As of April 30, 2024, the company employed 65 people, including senior management.
Products and Services
The company produces:
- Mild steel
- Spheroidal graphite (SG) cast iron
- Manganese steel
- Stainless steel
- Low and high alloy castings (such as high chromium and high nickel)
- High- and wear-resistant castings
Their products range in weight from 0.5 kg to 6 tonnes per finished casting, with a portfolio of more than 1,000 products.
Manufacturing Facility
Abha Power and Steel Limited operates two foundries, SG Iron Foundry and Steel Foundry, at its plant located in the Silpahri Industrial Area, Bilaspur, Chhattisgarh. The facility spans an area of approximately 319,200 square feet and is ISO 9001:2015 certified. It is equipped to design, develop, manufacture, and supply iron and steel castings for industries like steel, power, cement, and Indian Railways. Products for Indian Railways include SGCI inserts, adapters, and valve castings. As of March 31, 2024, the facility had a total production capacity of 14,400 metric tonnes per year.
Competitive Strengths
The company’s key strengths include:
- A diverse product range with a focus on customization
- A fully equipped and certified manufacturing facility
- A strategically located plant
- A captive power plant
- A wide customer base and long-term client relationships
- Quality assurance backed by accreditations
- An experienced management team with strong project implementation skills
- Consistent growth in profitability
Clients
The company’s customers include 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.
Workforce
As of April 30, 2024, the company employed 65 people, including senior management.
Company Contact
abha power and steel limited silpahri industrial state, bilaspur, 495001
Phone: +91 93022 21587
Email: cs@abhacast.com
Website: https://abhacast.com/
Registrar Contact
skyline financial services private ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php