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Open
27 Nov 2024
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Close
29 Nov 2024
3
Allotment
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Listing
Wed, Dec 4, 2024
Price Band
₹75 per share
Issue Size
51,39,200 shares (agg. up to ₹39 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, Dec 4, 2024
Latest GMP
₹15
Est. Gain
20%
✦ AI Insight
GMP Trend
04-12-2024₹15Est. ₹90+20%
03-12-2024₹15Est. ₹90+20%
02-12-2024₹15Est. ₹90+20%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 17.38x |
Restated Financials (₹ Cr.)
| Period Ended | 15 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 51.36 | 47.36 | 44.77 | 35.37 |
| Total Income | 37.55 | 51.83 | 55.12 | 54.98 |
| Profit After Tax | 3.62 | 3.78 | 1.40 | -0.72 |
| NET Worth | 21.16 | 17.54 | 13.75 | 11.20 |
| Reserves and Surplus | 6.71 | 3.09 | 8.94 | 6.78 |
| Total Borrowing | 21.77 | 23.73 | 23.93 | 17.66 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| AMIC Forging Ltd. | SME | ₹34.80 Cr | ₹126 | 1.01 | ₹251.35 | +99.48% | ₹2,245.25 |
| Happy Forgings Ltd. | Mainboard | ₹1,008.59 Cr | ₹850 | 36.45 | ₹1,030.80 | +21.27% | ₹2,230.30 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand our product portfolio | 16.39 |
| 2 | Funding working capital requirements of the Company | 3.00 |
| 3 | General Corporate Purposes. | 7.45 |
About Abha Power IPO
Updated on Aug 5, 2026
Contact Details
Abha Power & Steel Ltd. AddressSilpahri IndustrialStateHardikalaBilaspur, Chhattisgarh, 495001+91 93022 21587cs@abhacast.comVisit Website