211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9659.65 Crs.  Total funds raised in 2,025.00

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

Associated Power Structures Limited IPO Peer Comparison

Associated Power Structures IPO is a MainBoard Upcoming IPO coming on BSE,NSE with an IPO size of [●] .
This IPO falls under the Engineering - EPC sector, which has seen 13 IPOs to date. Key sector metrics such as average PE ratio, IPO size, EBITDA margin, and PAT margin are compared below with the figures from the Associated Power Structures IPO.

Associated Power Structures
IPO Details


IPO Industry -
Engineering - EPC

IPOs So Far: 13

Issue Size (IPO)

[●]

Total Fund Raised

₹ 6,081.08 Cr.

Average Issue Size

₹ 467.78 Cr.

PE Ratio (IPO)

[●] x

Average PE Ratio

20.1 x

EBITDA Margin (IPO)

9.35 %

Average EBITDA Margin

18.61 %

PAT Margin (IPO)

5.02 %

Average PAT Margin

8.25 %

Associated Power Structures
IPO Details

IPO Industry

Engineering - EPC

IPOs So Far 13


IPO Fund Raised

[●]

Total Fund Raised

₹ 6,081.08 Cr.

Average Fund Raised

₹ 467.78 Cr.

IPO PE Ratio

[●] x

IPO EBITDA

9.35 %

IPO PAT

5.02 %

Average PE Ratio

20.1 x

Average EBIDTA

18.61 %

Average PAT

8.25 %

Peer Companies of Associated Power IPO as Per DRHP

Associated Power Structures IPO Peer Comparison with key metrics mentioned in the DRHP.

Company Name
Type
FV
PE
Basic EPS
Diluted EPS
RoNW %
NAV
Consolidated
2
12.66
12.66
20.67%
67.91
Consolidated
2
35.22
35.53
35.53
8.70%
378.80
KEC International Limited
Consolidated
2
40.55
21.80
21.80
12.10%
200.88
Bajel Projects Limited
Consolidated
2
160.46
1.34
1.33
2.51%
57.63
Skipper Limited
Consolidated
1
39.18
13.86
13.85
12.50%
105.64
Consolidated
1
30.00
25.72
25.56
21.63%
140.11
Consolidated
1
24.46
4.35
4.35
16.63%
25.49
Company Name Type FV PE Basic EPS Diluted EPS RoNW % NAV
Associated Power Structures Limited Consolidated 2 12.66 12.66 20.67% 67.91
Kalpataru Limited Consolidated 2 35.22 35.53 35.53 8.70% 378.80
KEC International Limited Consolidated 2 40.55 21.80 21.80 12.10% 200.88
Bajel Projects Limited Consolidated 2 160.46 1.34 1.33 2.51% 57.63
Skipper Limited Consolidated 1 39.18 13.86 13.85 12.50% 105.64
Transrail Lighting Limited Consolidated 1 30.00 25.72 25.56 21.63% 140.11
Vikran Engineering Limited Consolidated 1 24.46 4.35 4.35 16.63% 25.49
Notes

i. Financial information of the Company is derived from Restated Consolidated Financial Information for the year ended March 31, 2025.

ii. Return on Net Worth (%) = Profit after Tax, as restated divided by average restated Net Worth.

iii. P/E ratio for listed peers is calculated as closing share price on September 23, 2025 on NSE divided by the Diluted EPS for year ended March 31, 2025.

iv. Basic EPS and Diluted EPS refer to the Basic EPS and Diluted EPS sourced from the financial statements of the respective company.

v. Net Asset Value per share (in ₹) = Net Worth at the end of the year / Total number of Equity Shares outstanding after bonus issue and subdivision of equity shares.

vi. For listed peers, NAV is computed as equity attributable to owners (total equity) divided by the number of equity shares outstanding at the end of the year

vii. RoNW for listed peers is sourced from publicly available sources such as annual report, financial statements, etc

viii. RoNW for Bajel Projects Limited is calculated as PAT divided by average Net Worth

 

Peer Comparison of Associated Power IPO in This Sector

You can do performance analysis for Associated Power IPO with Listed IPOs in the Engineering - EPC sector and review their IPO performance based on Merchant banker, Listing price, IPO Valuation and other metrics.

Select Listed IPO for Comparison:
Basis
Associated Power IPO
vs
vs
vs

IPO Date
[●]


IPO Size
[●]

Total Assets
₹ 834.15 Cr.

Revenue
₹ 1,261.91 Cr.

PAT
₹ 63.29 Cr.

PAT Margin
5.02 %

Leverage Ratio
0.59 x

PE Multiple
[●] x

EV/EBITDA
1.14 x

Notes:
1) All the above data is at the time of IPO
2) Revenue and Pat is taken on annualised basis

IPO Performance Report of Engineering - EPC Sector

This IPO report captures the post-listing performance of IPOs in the Engineering - EPC sector, featuring key metrics like offer price, listing gain, and CMP to help investors assess return potential and sector sentiment.

NAME OFFER PRICE LISTING PRICE LISTING GAIN CMP CMP %
Globe Civil IPO
Financial Report >>
₹ 71.00 ₹ 90.00 26.76% ₹ 72 1%
Transrail Lighting IPO
Financial Report >>
₹ 432.00 ₹ 590.00 36.57% ₹ 754 75%
DEE Development IPO
Financial Report >>
₹ 203.00 ₹ 335.00 65.02% ₹ 270 33%
SRM Contractors IPO
Financial Report >>
₹ 210.00 ₹ 236.20 12.48% ₹ 567 170%
Vishnu Prakash IPO
Financial Report >>
₹ 99.00 ₹ 145.93 47.40% ₹ 90 -9%
G R IPO
Financial Report >>
₹ 837.00 ₹ 1,746.80 1746.80% ₹ 1,244 49%
Dilip Buildcon IPO
Financial Report >>
₹ 219.00 ₹ 251.95 251.95% ₹ 525 140%
Power Mech IPO
Financial Report >>
₹ 640.00 ₹ 585.75 585.75% ₹ 2,662 316%
Engineers India IPO
Financial Report >>
₹ 150.00 ₹ 149.90 149.90% ₹ 200 33%
A2Z Maintenance IPO
Financial Report >>
₹ 400.00 ₹ 328.90 328.90% ₹ 18 -95%
Engineers India IPO
Financial Report >>
₹ 290.00 ₹ 321.15 321.15% ₹ 200 -31%
Shriram EPC IPO
Financial Report >>
₹ 300.00 ₹ 293.60 293.60% ₹ 12 -96%
Gayatri Projects IPO
Financial Report >>
₹ 295.00 ₹ 298.85 298.85% ₹ 10 -83%

Sector wise IPO Performance Report Available >>

Associated Power Structures IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

Listed Peers IPO Details

Kalpataru Limited
1st July 2025
IPO Size : 1590.00 Cr.
KEC International Limited
[●]
IPO Size : [●]
Bajel Projects Limited
[●]
IPO Size : [●]
Skipper Limited
[●]
IPO Size : [●]
Transrail Lighting Limited
27th December 2024
IPO Size : 838.91 Cr.
Vikran Engineering Limited
3rd September 2025
IPO Size : 772.00 Cr.
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FAQs of Associated Power IPO

Who are the peers of Associated Power Structures IPO

The peers of Associated Power Structures , include other listed companies operating in the (Engineering - EPC) segment. These peer companies typically offer similar services Some of the notable peers as per the DRHP of this company are Associated Power Structures Limited , Kalpataru Limited , KEC International Limited Bajel Projects Limited Skipper Limited Transrail Lighting Limited , Vikran Engineering Limited ,
See the complete list of current IPO

What is Peer Comparison in IPO Analysis?

Peer Comparison is the method of evaluating an entity by comparing its performance, size of business form other entities operating in same industry or sector. It involves financial analysis by comparing key financial metrics like Profitability, Net worth, Market Capitalization and Leverage IPO Performance tracker

Why Peer Comparison is important for IPO Review?

Peer comparison helps to identify companies in the same sector with a similar business. It helps to compare the financial performance and valuation against its listed peers. An investor or an analyst can decide whether the IPO price is justified when compared to its peers. An investor can make informed decision whether to apply to IPO or not on basis of peer comparison. Know the process of DRHP and Peer companies Information required to be disclosed in DRHP.

As of now 13 IPOs are listed in this sector indicating strong growth in this sector. Choosing the best IPO depends on factors like, financial performance, valuation, market trends and future growth plans. IPO Review and performance.

What is a good PE ratio for an Engineering - EPC company?

A good PE Ratio for Engineering - EPC sector depends on various factors like, performance of the company, market conditions, company valuation and IPO Size. PE Ratio varies from sector to sector and company to company. Know the average PE Multiple in each sector.

How many companies are listed in the Engineering - EPC sector?

Currently 13 companies are listed under Engineering - EPC sector. Based on the latest data from the Stock Exchanges. Choose the Best Merchant Banker from the Merchant Banker List

Is Associated Power Structures IPO good in comparison with its competitors?

Performance of companies depends on various factors like, profits, future plans, Market share, PE Ratio etc. By assessing these factors investor can make better investment decisions.Associated Power Structures Peer comparison provides IPO analysis of companies listed in this sector, on the basis of different Key performance indicators (KPI)like, Listing Gain of peers, current market price, PE Ratio and IPO Size.

Which are the Upcoming IPO in the Engineering - EPC sector?

Upcoming IPO refers to companies which have filed their DRHP with the Stock exchange and are awaiting approval from NSE or BSE 13 companies have filed their DRHP for IPO under Engineering - EPC sector. .New IPO 2025-2026 and Upcoming IPO

How to calculate the PE multiple based on your sector?

PE Multiple is a metrics that is widely used for IPO Valuation. Merchant bankers in coordination with the company decides the PE Multiple.The PE Multiple depends on various factors and it should be analyzed in coordination with other financial metrics. Know the PE ratio of your company with PE Calculator provided by IPOplatform

Explore Other DRHPs

Globe Civil Projects Limited

  Engineering - EPC

  New Delhi


Transrail Lighting Limited

  Engineering - EPC

  Mumbai


DEE Development Engineers Limited

  Engineering - EPC

  Faridabad


SRM Contractors Limited

  Engineering - EPC

  Jammu


Vishnu Prakash R Punglia Limited

  Engineering - EPC

  Mumbai


Read more details of this IPO

Peer Companies Of This Sector

FAQs

Associated Power Structures operates in Engineering - EPC and Integrated Manufacturing And EPC Enterprise. The Issue is listed on BSE,NSE in Oct, 2025. Associated Power Structures IPO size was with Issue price of .

Merchant Banker(s) of Associated Power Structures IPO: Indorient Financial Services Limited , IIFL Securities Limited

Associated Power Structures IPO subscription was 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.

Associated Power Structures IPO listed at a listing price of against the offer price of .

The current market price of Associated Power Structures is .

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