Abha Power and Steel Limited

27 Nov 2024 - 29 Nov 2024 Individual Category IPO NSE

Min Investment

₹120000

Price Band

₹75

Issue Size

51.39 lakhs
Equity Shares

Lot Size

1600

IPO Dates
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27 Nov 2024

Open Date

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29 Nov 2024

Close Date

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02 Dec 2024

Allotment Date

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04 Dec 2024

Listing Date

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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About Abha Power And Steel Limited

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.

Founded

2004

Managing Director

Atish Agrawal

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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