Abha Power and Steel IPO GMP, Open Date, Price Band, Allotment Status

Abha Power and Steel IPO open date is on 27 November to 29 November 2024. This new IPO is a built issue of Rs 38.54 crores. This upcoming IPO is a combination of fresh issue and offer -for-sale. The fresh issue is of Rs 31.04 crore and OFS is of Rs 7.70 crore.

Abha Power and Steel IPO price band is Rs 75 per share. The lot size is 1600 shares and the allotment date is finalised on Monday, December 2, 2024. The minimum investment for the retail investors for 1 lot is Rs 1,20,000.

As of now, Abha Power and Steel IPO GMP is 12 indicates mild bullish sentiment for this IPO among investors. The listing of this script will be at NSE SME platform.

Abha Power and Steel IPO Allotment status and IPO subscription details will be available after the IPO closes. The allotment details will be visible on the registrar website. The registrar for Abha Power and Steel IPO is Skyline Financial Services Private Limited.

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Abha Power and Steel IPO GMP

Abha Power and Steel IPO GMP quotation is around Rs 12 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Abha Power and Steel IPO GMP might rise in the coming days.

Abha Power and Steel IPO Price Band

Abha Power and Steel IPO price band is Rs 75 per share. The minimum amount of investment for the retail category is to be around Rs 1,20,000. The minimum investment for HNI is 2 lots amounting to Rs 2,40,000.

Abha Power and Steel IPO Open Date, Close Date

Abha Power and Steel IPO open date is 27 November 2024 and closing date is 29 November 2024. Initiation of refund date is December 3, 2024 and credit of shares will be on 3 December 2024.

Abha Power and Steel IPO Allotment Status

Abha Power and Steel IPO allotment status will be finalised on Monday, 2 December 2024. The listing will be on the NSE SME platform. The registrar of this IPO is Skyline Financial Services Limited. Investors can check their allotment status after the subscription of the IPO ends.

Abha Power and Steel IPO Listing Date

Abha Power and Steel IPO's listing date is 4 December 2024. The Listing will be on both the NSE SME platform only. Retail investors can sell the shares after 10 AM on the listing day.

Abha Power and Steel IPO: Listing Date, Lot Size, Price Band

Abha Power and Steel IPO  Limited: About the Company

Abha Power and Steel Limited incorporated in 2004, engaged in the business of casting and manufacturing iron and steel products. Abha Power and Steel makes a wide variety of products, including mild steel, manganese steel, stainless steel, and low and high-alloy castings.

The company's clients include Vishal Nirmiti Private Limited, Raghavendra Rail Lines Private Limited, The Indian Hume Pipe Limited, Beekay Engg Corporation, Ashi Limited, SECR Railway, SCR Railway, Supertech Rail Infra Projects Private Limited, Northern Railway, and Orissa Concrete and Allied Industries Limited.

Abha Power and Steel IPO Objectives

The funds raised from Abha Power and Steel IPO will be used for funding the capital expenditure toward monetization and upgradation of manufacturing facilities. The manufacturing plant is in Bilaspur, Chhattisgarh. The remaining money will be used for funding working capital requirements and fulfilling the general corporate purposes.

Abha Power and Steel IPO: Key Dates, Allotment, Listing Date

Abha Power and Steel IPO Subscription Details, IPO Reservation

Abha Power and Steel IPO subscription details will be available after the IPO opens on 27 November 2024. In the retail category 50% is reserved and the remaining 50% is for others. 

Abha Power and Steel IPO Lot Size Details

Abha Power and Steel IPO lot size is 1600 shares per lot. For retail, the minimum and maximum lot size is amounting to around Rs 1,20,000. For HNI minimum lot size is 2 lots amounting to Rs 2,40,000.

Abha Power and Steel IPO Promoter Holdings

Abha Power and Steel IPO promoters are Subhash Chand Agrawal, Satish Kumar Shah, Ankit Agrawal, Atish Agrawal, Leela Devi Agrawal and Sunflower Commotrade Private Limited. The promoters' shareholdings before the IPO were 100%; however, after the IPO, shareholdings will decline to 72.35.

Abha Power and Steel Limited Company Financials (in Lakhs)

Abha Power and Steel Limited posted revenue of Rs 5,182.68 crore and net profit of Rs 378.19 crore for the period ending on 31 March 2024. The company’s revenue decreased by -6% and net profit rose by 170% between the FY ending on 31 March 2024 and 31 March 2023.

Abha Power and Steel IPO Registrar

Abha Power and Steel IPO registrar is Skyline Financial Services Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Abha Power and Steel IPO Lead Managers

Abha Power and Steel IPO lead managers are Horizon Management Private Limited. The market maker of the SME IPO is Giriraj Stock Broking.

How to apply to Abha Power and Steel IPO

Interested investors can apply to the Abha Power and Steel IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Abha Power and Steel IPO FAQ

1. What are the details of the Abha Power and Steel IPO?

Abha Power and Steel IPO is a built issue of Rs 38.54 crores. This upcoming IPO is a combination of fresh issue and offer -for-sale. The fresh issue is of Rs 31.04 crore and OFS is of Rs 7.70 crore.

2. When will the Abha Power and Steel IPO open and close?

Abha Power and Steel IPO open date is 27 November 2024 and closing date is 29 November 2024. Initiation of refund date is December 3, 2024 and credit of shares will be on 3 December 2024.

3. What is Abha Power and Steel IPO GMP?

Abha Power and Steel IPO GMP quotation is around Rs 12 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Abha Power and Steel IPO GMP might rise in the coming days.

4. What are the details of Abha Power and Steel IPO reservation?

Abha Power and Steel IPO subscription details will be available after the IPO opens on 27 November 2024. In the retail category 50% is reserved and the remaining 50% is for others.

5. Write the details of the IPO Allotment Status?

Abha Power and Steel IPO allotment status will be finalised on Monday, 2 December 2024. The listing will be on the NSE SME platform. The registrar of this IPO is Skyline Financial Services Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Abha Power and Steel IPO?

Abha Power and Steel IPO registrar is Skyline Financial Services Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. Skyline Financial Services Private Limited are the lead managers.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?