Abha Power and Steel Limited - IPO
SMEAbha Power and Steel IPO Details
Abha Power and Steel IPO Subscription
Abha Power and Steel IPO Application Wise Breakup
Abha Power and Steel IPO Dates
- 27 Nov 2024Opening dateOPD
- 29 Nov 2024Closing dateCOD
- 02 Dec 2024Basis of AllotmentBOA
- 03 Dec 2024Initiation of RefundsIOR
- 03 Dec 2024Credit of SharesCOS
- 04 Dec 2024Listing dateLID
Abha Power and Steel IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 1600 | ₹120,000 |
| Retain Maximum | 1 | 1600 | ₹120,000 |
| HNI Minimum | 2 | 3200 | ₹240,000 |
Abha Power and Steel IPO Reservation
Promoter Holding
Documents
Abha Power and Steel IPO Valuations
Abha Power and Steel Limited Financial Information
Abha Power and Steel Limited's revenue decreased by -6% and profit after tax (PAT) rose by 170% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 15 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 5,135.61 | 4,735.9 | 4,476.89 | 3,536.87 | ||||||||||||||||||||||||||||||||||||
| Revenue | 3,754.92 | 5,182.68 | 5,511.82 | 5,498.4 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 361.97 | 378.19 | 140.14 | -71.53 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,115.63 | 1,753.66 | 1,375.47 | 1,120.07 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 670.76 | 308.8 | 893.85 | 678.47 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,177.34 | 2,373.22 | 2,393.34 | 1,765.62 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About Abha Power and Steel IPO
Founded in 2004, Abha Power and Steel Limited operate in the iron and steel foundry sector, specifically in the casting and manufacturing of customised products in almost all grades of iron and steel.
The company's product portfolio includes all grades of mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, low and high alloy castings (high CR and high Ni), HRCS and WRCS, ranging from 0.5 kg to 6 tonnes of single finished casting. The company has a diverse product portfolio of more than 1000 products.
Abha Power and Steel Limited operates two foundries, i.e. SG Iron Foundry and Steel Foundry, on the same premises at its manufacturing facility in Silpahri Industrial Area, Bilaspur, Chhattisgarh, spread over an area of around 319,200 square feet. The manufacturing facility is ISO 9001:2015 certified for the design, development, manufacture, and supply of all iron and steel castings and assemblies for the steel, power, and cement industries as well as parts for the Indian Railways such as SGCI inserts, adapters (all types), valve castings and other similar castings. As of March 31, 2024, the total installed capacity of the production plant was 14,400 metric tonnes per annum (“MTPA”).
Competitive strengths
- Diversified product mix with a strong focus on customised products
- Fully equipped manufacturing facility
- Strategically located Manufacturing Facility
- Captive Power plant
- Diversified customer base and long-standing relationships with the customers
- Quality assurance and accreditations
- Well-experienced management team with proven project management and implementation skills
- Healthy Growth in profitability
The company's clientele includes Vishal Nirmiti Private Limited, Raghavendra Rail Lines Pvt Ltd, The Indian Hume Pipe Co Ltd, Beekay Engg Corporation, Ashi Limited, SECR Railway, SCR Railway, Supertech Rail Infra Projects Pvt. Ltd, Northern Railway, Orissa Concrete & Allied Industries Ltd. to name a few.
As of April 30, 2024, the company had 65 employees, including senior management.
Strength Of Abha Power and Steel IPO
1. Diversified product mix with strong focus on customised products.
2. Fully equipped manufacturing facility.
3. Strategically located Manufacturing Facility.
4. Captive Power plant.
5. Diversified customer base and long-standing relationship with our customers.
6. Quality assurance and accreditations.
7. Well experienced management team with proven project management and implementation skills.
Risk Of Abha Power and Steel IPO
1. Our Manufacturing Facility is located in Bilaspur, Chhattisgarh. Any disruption, breakdown or shutdown of our Manufacturing Facility may have a material adverse effect on our business, financial condition, results of operations and cash flow.
2. We do not own premises where our Manufacturing Facility is located.
3. Our manufacturing activity is subject to availability of raw material and the costs of the raw materials. Any shortage in availability or fluctuations in raw material prices, may have a material adverse effect on our business, financial condition, results of operations and cash flows.
4. A significant majority of our revenues from operations are derived from a limited number of customers.
5. We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect our operations.
6. Our business is capital intensive. We require substantial financing for our business operations. Our indebtedness and the conditions and restrictions imposed on by our financing arrangements could adversely affect our ability to conduct our business.
7. Our ability to access capital at attractive costs depends on our credit ratings. Non-availability of credit ratings or a poor rating may restrict our access to capital and thereby adversely affect our business and results of operations.
8. We have availed unsecured loans which are repayable on demand. Any demand for repayment of such unsecured loans, may adversely affect our cash flows.
9. Our lenders have charge over our movable and immovable properties in respect of finance availed by us.
10. Our Promoters and Promoter Group has provided personal and corporate guarantees for loans availed by our Company. Our business, financial condition, results of operations, cash flows and prospects may be adversely affected by the invocation of all or any guarantees provided by our Promoter and Promoter Group.
Objectives Abha Power and Steel IPO
- Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand its product portfolio;
- Funding working capital requirements of the Company.
- General Corporate Purposes.
Company Contact Details
Abha Power and Steel Limited
Silpahri Industrial State,
Bilaspur,
495001
Phone: +91 93022 21587
Email: cs@abhacast.com
Website: https://abhacast.com/
Registrar Contact Details
Lead Mangers
Horizon Management Private Limited
Market Maker
Giriraj Stock Broking