Absolute Project (India) IPO Details

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Absolute Project (India) IPO Summary

Absolute Project (India) IPO DRHP (Draft Red Herring Prospectus) has been Filed With SEBI.

Absolute Project (India) IPO total issue size comprises 2,00,00,000 shares . This includes a fresh issue of 2,00,00,000 shares . Pre-issue shareholding stands at 4,30,13,585, which will increase to 6,30,13,585 post-issue.

Absolute Project (India) IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.

The Lead Managers for Absolute Project (India) IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Cumulative Capital Pvt Ltd . To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For detailed information, Refer to the Absolute Project (India) Limited DRHP.

Absolute Project (India) IPO Details

Open Date

Close Date

Listing Date

Issue Price

₹0 - ₹0

Face Value

₹2 per share

Lot Size

GMP

₹0

Issue Type

IPO

Listing On

NSE, BSE

Type

Book Built Issue

Pre-issue Shareholding

4,30,13,585 shares

Post-issue Shareholding

6,30,13,585 shares

Total Issue Size

2,00,00,000 shares

Fresh Issue

2,00,00,000 shares

Offer for Sale

DRHP Status

Filed With SEBI

Absolute Project (India) IPO Lot Size

Application	Lots	Shares	Amount
To be announced

Absolute Project (India) IPO Reservation

Promoter Holding

Pre Issue:

72%

Post Issue:

Promoter Names:

Ranjeet Singh Ola, Deependra Singh Ola, Monika Bhukar Ola, Sunita Ola Dhaka, Vaishali Ola, Kamla Devi Ola.

Documents

DRHP

Absolute Project (India) IPO DRHP

Absolute Project (India) IPO Valuations

ROE20.34%

ROCE14.74%

Debt/Equity0.86

RoNW20.34%

PAT Margin6.85%

EBITDA Margin9.45%

Absolute Project (India) Financial Information

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	321.60	285.85	201.31	139.48
Total Income	138.29	312.12	251.07	141.68
Profit After Tax	9.37	21.00	14.65	2.90
EBITDA	14.27	28.98	20.72	6.09
NET Worth	124.70	103.29	56.73	41.90
Reserves and Surplus	116.18	95.00	49.40	34.73
Total Borrowing	100.87	88.63	30.96	23.52
Amount in ₹ Crore

About Absolute Project (India) IPO

Absolute Projects Limited, incorporated in February 1995, is an engineering, procurement, and construction (EPC) company with integrated in-house manufacturing capabilities for electrical and structural components used in infrastructure projects. The company primarily operates in the power and infrastructure sectors, offering end-to-end project execution solutions.

Under its EPC portfolio, the company has demonstrated strong execution capabilities across transmission and distribution (T&D) infrastructure. As of December 31, 2025, it has completed 2,480 circuit kilometres (CKM) of T&D lines. Its project execution includes the installation of transformers with a cumulative capacity of 885 MVA and distribution transformers aggregating 7,53,682 kVA.

The company has also undertaken extensive cabling and distribution network projects, including laying 43.20 km of 66 kV and 33 kV underground cables and constructing 8,311 km of low-tension (LT) distribution lines. Additionally, it has successfully built 55 substations ranging from 33 kV to 220 kV, including both air-insulated substations (AIS) and gas-insulated substations (GIS), highlighting its technical expertise across diverse project requirements.

As of December 31, 2025, Absolute Projects Limited has a robust order book of ₹74,753.03 lakh, representing estimated revenues from the unexecuted portion of its existing contracts, thereby providing visibility for future growth.

The company operates across multiple business verticals, including:

Power EPC Projects
Supply of in-house manufactured electrical and structural components
Civil construction
Operation and Maintenance (O&M) services

Absolute Projects Limited has established a wide geographical footprint, with operations spanning twelve states and three union territories across India, enabling it to execute large-scale infrastructure projects across diverse regions.

Strength Of Absolute Project (India) IPO

To be announced

Risk Of Absolute Project (India) IPO

To be announced

Objectives Absolute Project (India) IPO

1. Funding capital expenditure towards procurement of; (i) plant and machinery for modernization of Manufacturing Facility I; (ii) procurement of plant and machinery for commencement of operations at Manufacturing Facility II; and (iii) certain equipment and machineries required for execution of Power EPC Projects

2. Repayment or pre-payment, in part or full of certain borrowings availed by the Company

3. Funding of working capital requirement of the Company

4. General Corporate Purposes

5. Total

Company Contact Details

4222/1 Laxmi Kunj 1st floor, Ansari Road, , D Ganj
New Delhi, New Delhi , 110002
Phone: +91 93559 82822
Email: cs@apil-online.com
Website: https://www.apil-online.com/

Registrar Contact Details

Name:

MUFG Intime India Pvt Ltd

Phone:

+91-22-4918 6270

Email:

absoluteprojects.ipo@in.mpms.mufg.com

Website:

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Lead Mangers

Absolute Project (India) FAQs

The Absolute Project (India) IPO is a MAINBOARD public issue comprising 20000000 equity shares with a face value of ₹2 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is shares.

The IPO opens for subscription on TBA, and closes on TBA.

MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

The Absolute Project (India) IPO opens on TBA.

Absolute Project (India) IPO lot size is , and the minimum amount required for application is ₹.

You may apply for the Absolute Project (India) IPO online by using either the UPI or ASBA payment method. The ASBA facility is available through the net banking platform of your respective bank. The UPI-based IPO application option is typically provided by brokers that do not offer banking services. For detailed guidance on the online IPO application process, please refer to the procedures outlined by Zerodha, Groww, Upstox, 5Paisa, Paytm Money, Fyers, Alice Blue, Nuvama, HDFC Bank, ICICI Direct, Kotak Securities, Axis Direct, and SBI Bank.

The Basis of Allotment for the Absolute Project (India) IPO is scheduled to be finalized on TBA. Subsequently, the shares allotted will be credited to investors’ demat accounts by TBA. Investors are advised to regularly check the Absolute Project (India) IPO allotment status for updates.

The listing date for the Absolute Project (India) IPO has not yet been officially announced. However, the tentative listing date is scheduled for TBA.

Absolute Project (India) IPO Grey Market Premium (GMP) refers to the unofficial price at which the company’s IPO shares are traded in the grey market prior to their listing on the stock exchange. The GMP serves as an indicator of investor demand, expected listing gains, and the overall market sentiment toward the IPO.

As of now, the current GMP stands at TBA.