Abha Power And Steel Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Abha Power

CMP

70.25

-3.70 (-5.00%)

  • DRHP
₹75

Offer Price

₹ 38.54 Cr

Issue Size

₹ 1,20,000

Min Investment

1,600

Lot size

Time Line

  • 27
    Nov 2024
    Open
  • 29
    Nov 2024
    Close
  • 02
    Dec 2024
    Finalisation of Basis of Allotment
  • 03
    Dec 2024
    Initiation of Refunds
  • 03
    Dec 2024
    Transfer of Shares to Demat Account
  • 04
    Dec 2024
    Listing Date

Objects of the Offer

  • Upgradation of existing manufacturing facility.

  • Continue to focus on improving operational efficiencies.

  • Expand our customer base and geographic reach.

  • Focus on Advanced Technology Products.

  • Increasing operational efficiency.

Strengths

  • Diversified product mix with strong focus on customised products.

  • Fully equipped manufacturing facility.

  • Strategically located Manufacturing Facility.

  • Captive Power plant.

  • Diversified customer base and long-standing relationship with our customers.

Risks

  • Manufacturing Facility is located in Bilaspur, Chhattisgarh. Any disruption, breakdown or shutdown of its Manufacturing Facility may have a material adverse effect on its business, financial condition, results of operations and cash flow.

  • Its Manufacturing Facility is located in Bilaspur, Chhattisgarh and the company is dependent upon local suppliers for the procurement of its raw materials. Any disruption, breakdown or shutdown of its Manufacturing Facility and any disruption in supply of raw materials may have a material adverse effect on its business, financial condition, results of operations and cash flow.

  • The company`s revenue is majorly concentrated from the State of Madhya Pradesh and Chhattisgarh. Any adverse changes in the state policies of Madhya Pradesh and Chhattisgarh may have a material effect on its business and results of operations.

  • A significant majority of its revenues from operations are derived from a limited number of customers.

  • The company`s manufacturing activity is subject to availability of raw material and the costs of the raw materials. Any shortage in availability or fluctuations in raw material prices, may have a material adverse effect on its business, financial condition, results of operations and cash flows.

Company Promoters

Promoters Holding

Issue For IPO
27.65%
Pre Holding

100.00%

Post Holding

72.35%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 54.52 (-) 54.70 (0.30%) 51.75 (-5.40%)
Gross Profit 0.97 (-) 2.63 (171.10%) 6.09 (131.60%)
Net Income -0.72 (-) 1.40 (294.40%) 3.78 (170.00%)
Assets 28.98 (-) 37.82 (30.50%) 41.45 (9.60%)
Liabilities 17.78 (-) 24.06 (35.30%) 23.91 (-0.60%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Abha Power and Steel Ltd 51.75 3.78 41.45 23.91 24.17 0.00 12.14 4.57 0.57
Bhagwati Autocast Ltd 134.21 6.93 69.51 69.51 16.95 24.06 141.92 9.96 0.21
Nelcast Ltd 1,266.94 54.41 1,131.62 1,131.62 10.48 6.25 59.99 4.80 0.63

Book Running Managers

  • Horizon Management Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

Silpahri Industrail State,
,
Bilaspur - 495001
Phone : +91 93022 21587 Email : cs@abhacast.com www.abhacast.com

Offer Related Information

Initial public offer of 51,39,200 equity shares of Rs. 10 each ("Equity Shares") of Abha Power and Steel Limited (the "Company" or the "Issuer") for cash at a price of Rs. 75/- per share (the "Issue Price"), aggregating to Rs. 38.54 crores ("The Issue"), consisting of fresh issue of 41,39,200 equity shares aggregating to Rs. 31.04 crores and an offer for sale of 10,00,000 equity shares by Subhash Chand Agrawal ("The Promoters Selling Shareholder" or "The Selling Shareholder") aggregating to... More

Abha Power FAQ's

The shares of Abha Power were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Abha Power IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Abha Power public issue was 125 shares.

The price band of the IPO of Abha Power was Rs. 114 to Rs. 120 per equity share.

Abha Power IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Abha Power IPO.

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