247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Abha Power and Steel Limited IPO (Abha Power and Steel IPO) Details

Abha Power and Steel Limited is an Steel - Iron based company, located in Chhatisgarh, Abha Power and Steel Limited IPO size was 38.54 Cr. and was issued at 75.00 per share. The share of Abha Power and Steel Limited were listed at 81.90 per share and are currently trading at 41.15 per share.

Type :
Sub Sector : Casting And Manufacturing Iron And Steel Products
SME IPO
NSE EMERGE

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
75.10 Cr.

PAT :
7.24 Cr.

Pricing Report

Issue Price :
75.00

Listing Price :
81.90

Current Market Price :
41.15

Issue Price vs CMP :
33.85 (45.13%)

listing Price vs CMP :
40.75 (49.76%)

Performance Report (CAGR* wise)

CAGR : -99.05
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Abha Power and Steel

Company Information
Abha Power and Steel Limited , strategically located in mineral reach, densely industrialized and one of the steel hubs of central India i.e. state of Chhattisgarh, is engaged in the business of iron and steel foundry, more particularly in the business of casting and manufacturing customised products in mostly all grades of iron and steel. heir versatile product portfolio covers all grades of mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, low alloy and high alloy castings (high CR & high Ni), HRCS & WRCS, from as small as 0.5 Kgs to 6 Tonnes single finished casting. They are a RDSO certified vendor for supply of certain casting products to Indian Railways and an approved vendor for supply of certain casting products to
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Object of Issue
  • Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand its product portfolio
  • Funding working capital requirements of the Company and
  • General Corporate Purposes

Abha Power and Steel SME IPO Details (at the time of IPO)

IPO Type :
Fixed Price
IPO Date :
Dec, 2024
IPO Size :
38.54 Cr.
Market Cap :
139.41 Cr.   
IPO Subscription :
18.00 X     
PE Multiple :
19.26
IPO Registrar:
Skyline Financial Services Private Limited
Anchor Investors:

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FAQs

Abha Power and Steel operates in Steel - Iron and Casting And Manufacturing Iron And Steel Products. The Issue is listed on NSE EMERGE in Dec, 2024. Abha Power and Steel IPO size was 38.54 Cr. with Issue price of 75.00 .

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 41.15.

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