ABHA POWER AND STEEL LIMITED (NSE SME)
Nov 27, 2024 - Nov 29, 2024
| Price | ₹75 - ₹75 |
| Premium | ₹0 |
|---|---|
| Lot size | 1600 |
| Allotment | Dec 2, 2024 |
| Listing | Dec 4, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 120000 | 1524 |
| HNI | 2 | 3200 | 240000 | 1524 |
IPO Reservation
| Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.4% | 2438400 |
| Other | 47.4% | 2438400 |
| Market Maker | 5.10% | 262400 |
| Total No. of Shares | 100.0% | 5139200 |
IPO Details
| Issue Size | 51,39,200 shares (aggregating up to 38.54 Cr) |
| Fresh Issue | 41,39,200 shares (aggregating up to 31.04 Cr) |
| Offer For Sale | 10,00,000 shares (aggregating up to 7.5 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,44,48,630 |
| Share holding post issue | 1,85,87,830 |
| Market Maker portion | 2,62,400 shares |
| Market Maker | Giriraj Stock Broker |
Key Performance Indicators
| KPI | Oct-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 18.71% | 24.17% | 11.23% |
| ROCE | 18.65% | 23.64% | 10.73% |
| RONW | 24.17% | 11.23% | -6.13% |
| EPS (basic) | 2.51 | 2.62 | 0.97 |
| P/E Pre IPO | 28.65 | ||
| P/E Post IPO | 19.26 |
Financial Statement (Restated) In Lakhs.
| Period Ended | Oct-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 5,136 | 4,736 | 4,477 | 3,537 |
| Revenue | 3,755 | 5,183 | 5,512 | 5,498 |
| Profit After Tax | 362 | 378 | 140 | -72 |
| Net Worth | 2,116 | 1,754 | 1,375 | 1,120 |
| Reserves and Surplus | 671 | 309 | 894 | 678 |
| Total Borrowing | 2,177 | 2,373 | 2,393 | 1,766 |
About Company
Abha Power and Steel Limited, founded in 2004, operates in the iron and steel foundry sector, specializing in the casting and manufacturing of customized products across nearly all grades of iron and steel. The company's diverse product portfolio includes over 1,000 products, such as mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, low and high alloy castings (high CR and high Ni), HRCS, and WRCS, with single finished castings ranging from 0.5 kg to 6 tonnes. Its manufacturing facility, spread across 319,200 square feet in the Silpahri Industrial Area, Bilaspur, Chhattisgarh, houses two foundries—SG Iron Foundry and Steel Foundry—and boasts an installed capacity of 14,400 metric tonnes per annum (MTPA). Certified under ISO 9001:2015, the facility produces castings for the steel, power, and cement industries and parts for Indian Railways, including SGCI inserts, adapters, and valve castings. With a clientele that includes Vishal Nirmiti Private Limited, Indian Hume Pipe Co. Ltd., and multiple railway divisions, the company is a trusted supplier for industrial and rail infrastructure. As of April 30, 2024, the company employed 65 individuals, including senior management.
Horizon Management Private Limited
Diversified Product Mix: Wide range of over 1,000 products with a strong emphasis on customized solutions.
Advanced Manufacturing Facility: Fully equipped, ISO 9001:2015 certified plant with a 14,400 MTPA capacity.
Strategic Location: Manufacturing facility situated in the industrial hub of Bilaspur, Chhattisgarh, ensuring logistical advantages.
Facility Disruption Risk: Any breakdown or shutdown of the Bilaspur manufacturing facility could severely impact operations and cash flow.
Raw Material Dependence: Reliance on local suppliers for raw materials poses risks of supply chain disruptions.
Regional Revenue Concentration: Heavy reliance on Madhya Pradesh and Chhattisgarh exposes the company to state policy changes affecting business performance.
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php