Abha Power and Steel Limited
ListedSMEMetals & Mining / Industrials · NSE
Founded in 2004, Abha Power and Steel Limited operates in the iron and steel foundry sector, manufacturing over 1,000 customized casting products across almost all grades of iron and steel. The company’s ISO 9001:2015 certified facility in Silpahri Industrial Area, Bilaspur, Chhattisgarh spans 319,200 square feet with two foundries and an installed capacity of 14,400 MTPA, producing castings for sectors like steel, power, cement, and Indian Railways. With products ranging from 0.5 kg to 6 tonnes, the company caters to clients such as Vishal Nirmiti Private Limited, Indian Hume Pipe Co. Ltd., and multiple railway divisions, and employed 65 people as of April 30, 2024.
Price Band
₹75
Issue Size
₹38.54 Cr
Lot Size
1600 shares
GMP
₹15
+20.0%
Est. Listing
₹90
at current GMP
Subscribed
17.55x
overall
Open
27 Nov 2024
Close
29 Nov 2024
Allotment
2 Dec 2024
Refund
3 Dec 2024
Demat Credit
4 Dec 2024
Listing
4 Dec 2024
Last updated 12 days ago
Official Registrar Verification
Abha Power and Steel Limited Allotment Status
Designated Registrar: Skyline Financial Services Private Limited
Allotment Date
2 Dec 2024
Basis finalization
Refunds Initiate
3 Dec 2024
Mandate release
Demat Credit
4 Dec 2024
Shares in demat
Listing Debut
4 Dec 2024
Trading begins
How to Check Abha Power and Steel Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Skyline Financial Services Private Limited's allotment portal.
- Select Abha Power and Steel Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Abha Power and Steel Limited Public Issue & Market Profile
Abha Power and Steel Limited is bringing an initial public offering (IPO) in the Metals & Mining / Industrials sector with an aggregate issue size of ₹38.54 Crores. The shares are offered at a price band of ₹75 to ₹75 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2024-11-29, the basis of allotment is scheduled to be finalized on 2024-12-02. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.