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Abha Power and Steel IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Chhatisgarh and caters to Steel - Iron sector. Horizon Management Private is the merchant banker of Abha Power and Steel IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 3rd July 2024.
Abha Power and Steel IPO open date is 27th November 2024 and close date is 29th November 2024. IPO Allotment Date is 2nd December 2024 and Listing date is 4th December 2024.Abha Power and Steel IPO size is Rs 38.54 Cr. crores with IPO price of Rs 75.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Horizon Management Private Limited is the book-running lead manager of the Abha Power and Steel IPO. Skyline Financial Services Private Limited is the Registrar and Market Maker is Giriraj Stock Broking Private Limited for Abha Power and Steel IPO.
Abha Power and Steel IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Abha Power and Steel IPO, based in Chhatisgarh, operates in the Steel - Iron sector with a focus on casting and manufacturing iron and steel products. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Abha Power and Steel IPO size is ₹ 38.54 Cr. Crores with fresh issue size of Rs 38.54 Cr. Crores and Offer for sale being 38.54..
The IPO allotment date for Abha Power and Steel IPO is expected to be 2nd December 2024, after the finalization of basis of allotment. Investors can check Abha Power and Steel IPO allotment status on the registrars website, Skyline Financial Services Private Limited. Abha Power and Steel IPO refund dates are 3rd December 2024.
Abha Power and Steel IPO is expected to be listed on 4th December 2024.
The upper price band for the Abha Power and Steel IPO is set at ₹ 75.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Abha Power and Steel IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Abha Power and Steel IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 29th November 2024. After submission, funds are blocked until the basis of allotment of Abha Power and Steel IPO is finalised.
The merchant banker for Abha Power and Steel IPO is Horizon Management Private Limited . Horizon Management Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Abha Power and Steel IPO RHP for further details.
The registrar for Abha Power and Steel IPO is Skyline Financial Services Private Limited. Investors can go to Skyline Financial Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Abha Power and Steel IPO through their official website or helpline.
Abha Power and Steel IPO was subscribed 18.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 38.54 Cr.
Avg IPO Size (Sector Based)
:
₹ 37.60 Cr.
Sector: Steel - Iron
SME IPO so far:
7
Merchant Banker:
Horizon Management
SME IPO by BRLM so far:
47
City:
Chhatisgarh
SME IPO so far:
1
Revenue (annualised):
₹ 7,509.84 cr.
PE
Ratio:
19.26x
Average Sector PE Ratio: 17.40x
Abha Power and Steel IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Abha Power and Steel Financial Review Page
Merchant Banker(s) of Abha Power and Steel IPO: Horizon Management Private Limited
Abha Power and Steel IPO subscription was 18.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Abha Power and Steel IPO listed at a listing price of 81.90 against the offer price of 75.00.
The current market price of Abha Power and Steel is 31.15.
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