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
Live Grey Market Premium
Abha Power and Steel Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹15+20.0%
Issue Price (Upper)
₹75
Band: ₹75
Estimated Listing Price
₹90
Upper price + GMP
Lot Size
1600 shares
Min investment ₹1,20,000
Estimated Profit / Lot
₹24,000
1600 × ₹15
Abha Power and Steel Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹15
▲ 0 today
Updated 1 minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹15 | 20.0% | ₹90 |
| 30 Oct 2026 | +₹15 | 20.0% | ₹90 |
| 29 Oct 2026 | +₹14 | 18.0% | ₹89 |
GMP is unofficial market data. Not a guarantee of listing performance.
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 & Pricing Context:
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.
Basis of Allotment & Listing Timeline:
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 is Abha Power and Steel Limited IPO GMP today?
The latest grey market premium for Abha Power and Steel Limited IPO is ₹15, which indicates an expected listing price of ₹90.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.