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Abha Power And Steel Ltd.

IPO Details
  • Issue Type Fixed Price
  • Price range
  • Market Lot 1600
  • Total Equity Shares 5139200
  • Face Value Rs. 10
  • Listing Date Dec 04, 2024
IPO Timeline
Opening date Nov 27, 2024
Closing date Nov 29, 2024
Listing Date Dec 04, 2024

IPO Details

Strategically located in mineral reach, densely industrialized and one of the steel hubs of central India i.e. state of Chhattisgarh, we are engaged in the business of iron and steel foundry, more particularly in the business of casting and manufacturing customised products in mostly all grades of iron and steel. Our versatile product portfolio covers all grades of mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, low alloy and high alloy castings (high CR & high Ni), HRCS & WRCS, from as small as 0.5 Kgs to 6 Tonnes single finished casting. We are a RDSO certified vendor for supply of certain casting products to Indian Railways and an approved vendor for supply of certain casting products to National Mineral Development Corporation and Integral Coach Factory, Chennai. We are also holding a PED Certificate from TUV-Nord which certifies our quality management system for manufacturing of castings and makes us eligible for supply of pressure equipment to European nations

Projects

1. Project Name: Funding the capital expenditure towards modernization and upgradation of the manufacturing

Project Cost: 163.893

2. Project Name: Funding working capital requirements of our Company

Project Cost: 30

3. Project Name: General corporate purposes

Project Cost: 74.51

Promoters

Prmoters Name

1. Subhash Chand Agrawal

2. Satish Kumar Shah

3. Ankit Agrawal

4. Atish Agrawal

5. Sunflower Commotrade Pvt Ltd.

6. Leela Devi Agrawal

Prmoters Holdings
  • Pre Share Capital: 14448630
  • Pre Promoter Holding: 100
  • Offer to Public: 5139200
  • Post Share Capital: 13448630
  • Post Promoter Holding: 72.35

Registrar

Registrar Name:Skyline Financial Services Pvt Ltd
Phone: 91-011-26812682/84
Email: admin@skylinerta.com
Website:

Lead Managers

  • Horizon Management Pvt Ltd.

Subscription Details

Field Description Field Value
Ipo Code 2994
Total Equity 5139200

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 0
No of Shares Bid For Qualified Institutional Buyers 2456000
Total No of Shares Bid For Qualified Institutional Buyers 0.00
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 1120000
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 0
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 1336000
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 0
No of Shares Bid For Non-Institutional Buyers 22356800
Total No of Shares Bid For Non-Institutional Buyers 0.00
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 512000
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 21737600
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 107200
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 60793600
Total No of Shares Bid For Retail Individual Investor 0.00
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 0
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 60793600
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 0
No of Shares Bid For Employee 0
Total No of Shares Bid For Employee 0.00
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 0
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 0
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 0
No of Shares Bid For All 85606400
Total 0.00