Abha Power and Steel
IPO Timeline
Issue open date
27 Nov 2024Issue close date
29 Nov 2024UPI mandate deadline
29 Nov 2024Allotment finalization
2 Dec 2024Refund initiation
3 Dec 2024Share credit
3 Dec 2024Listing date
4 Dec 2024Mandate end date
14 Dec 2024Lock-in end date for anchor investors (50%)
1 Jan 2025Lock-in end date for anchor investors (remaining)
2 Mar 2025Key Dates
Quick Stats
About the Company
Abha Power and Steel is strategically located in Chhattisgarh, a steel hub of central India, they specialize in manufacturing customized iron and steel castings across diverse grades such as mild steel, spheroidal graphite iron, manganese steel, and high-alloy castings. Certified by RDSO, PED, and ISO 9001:2015, it supplies to Indian Railways, NMDC, and global markets like UAE, Germany, and Canada. With over 1,000 products and a focus on quality, sustainability, and customer retention, the company operates two foundries in Bilaspur, supported by advanced infrastructure, technical expertise, and a 2.99 MW captive solar power plant. Established in 2004, its capacity stands at 14,400 MTPA, with plans to expand renewable energy use to enhance self-sufficiency.
Strengths
- Strategic location ensures efficiency.
- Certified diverse products access global markets.
- Strong ties with key clients stabilize revenue.
- Solar power plants lower energy costs.
Risks
- Raw material cost fluctuations impact margins.
- Facility disruptions affect production.
- Reliance on a few clients risks revenue.
- Regulatory changes threaten operations.
Abha Power and Steel IPO – Frequently Asked Questions
- The price band for the Abha Power and Steel IPO is set at ₹75 to ₹75 per share.
- The Abha Power and Steel IPO opens on November 27, 2024 and closes on November 29, 2024.
- The tentative listing date for the Abha Power and Steel IPO is December 4, 2024.
- You can apply for the Abha Power and Steel IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Abha Power and Steel, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Abha Power and Steel IPO is 1600 shares. Investors must apply for at least one lot (i.e., 1600 shares).