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
Overall Subscription
17.55x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
10.18x
High Net-Worth
Retail (RII)
24.93x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 2,438,400 | 24,812,800 | 10.18x |
| RETAIL | 2,438,400 | 60,793,600 | 24.93x |
| Total | 4,876,800 | 85,606,400 | 17.55x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| NIB | — | 3,832 | 0.00x |
| RETAIL | — | 37,996 | 0.00x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 (GMP) for Abha Power and Steel Limited IPO is ₹15 per equity share. Based on the upper price band of ₹75 to ₹75 per equity share, the estimated listing price is ₹90 (+20.0% expected listing gain).
What is the expected profit per lot for Abha Power and Steel Limited IPO?
With a lot size of 1600 shares and current GMP of ₹15, the expected profit per application lot is approx ₹24,000 (+20.0% gain). Minimum application cost is approx ₹1,20,000.
What is the issue size and price band for Abha Power and Steel Limited IPO?
The Abha Power and Steel Limited IPO aggregate issue size is ₹38.54 Crores with an equity price band set at ₹75 to ₹75 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,20,000.
How can I check Abha Power and Steel Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 17.55x (Retail: 24.93x, QIB: 0.00x, NII: 10.18x). You can track live multiples directly on our dedicated subscription page.
Where and when will Abha Power and Steel Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2024-12-02. Investors can verify status using PAN card or application number.
When is the listing date for Abha Power and Steel Limited IPO?
Abha Power and Steel Limited shares are scheduled to list on NSE on 2024-12-04.