Abha Power and Steel SME IPO Details, Financials, Valuation & Peers

By IPOBaseLast Updated on

Explore Abha Power and Steel IPO details, including IPO dates, financial statements, valuation, peer comparison and more.

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Status
Listed
Biding Dates
27 Nov - 29 Nov 2024
Price Range
₹75
Min Investment
1,20,000
Lot Size
1600 shares
Issue Size
₹38.54 crore
Listed Price
₹81.99.20%

Overview

Abha Power and Steel Limited, headquartered in Bilaspur, Chhattisgarh, operates in the iron and steel foundry sector with a diverse portfolio of high-quality casting and manufacturing solutions. Strategically located in a mineral-rich and industrialized steel hub of India, the company caters to a wide range of industries, including Indian Railways, steel, cement, heavy engineering, mining, and power. The company specializes in producing customized products across various grades of iron and steel, including mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, and high alloy castings, ranging from 0.5 kg to 6 tonnes per unit. With over 20 years of expertise, Abha Power and Steel is an RDSO-certified vendor for Indian Railways and an approved supplier for the National Mineral Development Corporation and other reputed organizations. The company exports to more than six countries, including Germany, UAE, and Canada, demonstrating its global reach. Equipped with modern manufacturing facilities spread over 319,200 square feet, the company integrates advanced technology, cost-efficient processes, and a captive solar power plant to ensure sustainable operations.

Key Points:

  • Product Portfolio: Over 1,000 products, including customized solutions, catering to industries like Indian Railways, cement, power, and mining.
  • Global Presence: Exports to six countries, including UAE, Germany, Canada, and Italy.
  • Strategic Certifications:
    • RDSO-certified for Indian Railways.
    • PED Certification from TUV-Nord for pressure equipment exports to Europe.
    • ISO 9001:2015 for quality management.

Modern Facilities:

  • Manufacturing capacity: 14,400 MTPA as of March 2024.
  • Equipped with melting, pouring, molding, heat treatment, and testing facilities.
  • Sustainability Focus:
    • Captive solar power plant with a 2.99 MW capacity, meeting ~35% of the company’s power needs.
    • Expansion plans to increase self-sufficiency in energy.
  • Long-Term Relationships: High customer retention with a significant proportion of revenue derived from repeat customers.
  • Strong Market Position: Trusted supplier for Indian Railways, NMDC, and Integral Coach Factory, Chennai, among others.

IPO Docs

Objects of the Issue

  • Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand the product portfolio
  • Funding working capital requirements of the Company
  • General Corporate Purposes.

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates27 Nov - 29 Nov 2024
IPO Price Band₹75 per share
Fresh Issue41,39,200 shares (₹31.04 crore)
Offer For Sale10,00,000 shares (₹7.50 crore)
Total IPO Size₹38.54 crore
Face Value₹10
Listing OnNSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date27 Nov 2024
IPO Closing Date29 Nov 2024
Basis Of Allotment02 Dec 2024
Refunds03 Dec 2024
Demat Transfer03 Dec 2024
IPO Listing Date04 Dec 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202231st March 202331st March 202415 Oct 2024
Total Income54.9855.1251.8337.55
Total Expenses54.6753.1546.7632.63
Net Profit/Loss-0.721.403.783.62
NPM (*)-1.312.567.319.73
Total Assets35.3744.7747.3651.36
Total Liabilities24.1731.0129.8230.20

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202231st March 202331st March 202415 Oct 2024
EPS-0.500.972.622.51
ROE (%)-6.1311.2324.1718.71
ROCE (%)6.9910.7323.6418.65
D/E Ratio1.581.741.351.03
Current Ratio2.011.591.831.96
EBITDA MARGIN (%)3.016.1015.7316.95

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
Abha Power and Steel Limited51.7528.632.6224.1712.14
Bhagwati Autocast Limited134.0020.4024.1018.40142.00
Nelcast Limited1,267.0032.906.258.0559.70

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

IPO Reservation

Investor TypeShares Offered
Non-Institutional Investor (NII/HNI)Not less than 50%
Retail Individual Investor (RII)Not less than 50%

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)0
Non-Institutional Investor (NII/HNI)10.07
Retail Individual Investor (RII)24.93
Total18

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

Skyline Financial Services Private Limited
Phone
: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com

Company Promoters

  • SUBHASH CHAND AGRAWAL
  • ANKIT AGRAWAL
  • ATISH AGRAWAL
  • SATISH KUMAR SHAH
  • LEELA DEVI AGRAWAL
  • SUNFLOWER COMMOTRADE PRIVATE LIMITED

Lead Managers

  • Horizon Management Private Limited

Company Address

Abha Power and Steel Limited

Silpahri Industrial State, Bilaspur, Chhattisgarh, India - 495001

Phone: +91 93022 21587

Email: cs@abhacast.com

Website: www.abhacast.com

FAQs

  • What is the issue size of the Abha Power and Steel SME IPO?
    The Abha Power and Steel SME IPO has an issue size of ₹38.54 crore. This includes a fresh issue of 41,39,200 shares (₹31.04 crore) and an offer for sale (OFS) of 10,00,000 shares (₹7.50 crore).
  • What is the price band of the Abha Power and Steel IPO?
    The price band for the Abha Power and Steel IPO is ₹75 per share.
  • What are the bidding dates for the Abha Power and Steel IPO?
    The Abha Power and Steel IPO will open for bidding on 27 Nov 2024 and close on 29 Nov 2024.
  • What is the allotment date for the Abha Power and Steel IPO?
    The allotment date for the Abha Power and Steel IPO is 02 Dec 2024.
  • What is the minimum lot size and investment required for the Abha Power and Steel IPO?
    The minimum lot size for the Abha Power and Steel IPO is 1600 shares and the minimum investment required is ₹1,20,000.
  • What is the listing date for the Abha Power and Steel IPO?
    The listing date for the Abha Power and Steel IPO is 04 Dec 2024.
  • What is the Abha Power and Steel IPO grey market premium?
    The grey market premium (GMP) for the Abha Power and Steel IPO is currently at ₹15, with an expected listing gain of approximately 20%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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