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Abha Power and Steel Ltd IPO: Must-Know GMP Insights Revealed! Explore the Details Today!

Abha Power and Steel Limited IPO offers shares at ₹75, with a ₹0 Grey Market Premium. Available in 1600 share lots, the subscription runs from November 27 to November 29, 2024.
Abha Power and Steel Ltd IPO: Latest GMP Updates Revealed! Stay Updated and Explore Details!
Abha Power and Steel Ltd IPO: Latest GMP Updates Revealed! Stay Updated and Explore Details!

Abha Power and Steel Limited IPO has a ₹0 Grey Market Premium as of November 26, 2024, with a price range of ₹75 per share. Offering lots of 1600 shares, the subscription window is open from November 27 to November 29, 2024. 

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Abha Power and Steel Limited IPO GMP Today

The Grey Market Premium (GMP) for Abha Power and Steel Limited is ₹0 as of November 26, 2024. This assessment coincides with a price of ₹75 per share for the IPO.

Abha Power and Steel Limited IPO Review

Abha Power and Steel Limited showcased mixed financial performance in FY24. Revenue declined 6% to ₹5,182.68 lakhs, but PAT surged by 170% to ₹378.19 lakhs, highlighting improved profitability despite lower sales. The company’s assets grew to ₹4,735.9 lakhs.

The company demonstrates efficient capital utilization with a robust ROE of 24.17% and ROCE of 23.64%. While the debt/equity ratio is 1.35, indicating moderate leverage, its PAT margin of 7.31% reflects strengthened operational efficiency and profitability improvements.

To get a full IPO review, click here Abha Power and Steel IPO

Abha Power and Steel Limited IPO Date

Abha Power and Steel Limited will start accepting subscriptions from November 27 to November 29, 2024.

Abha Power and Steel Limited IPO Price

Abha Power and Steel Limited’s price range is at ₹75 per share with a face value of ₹10 each.

Abha Power and Steel Limited

Abha Power and Steel Limited, founded in 2004, excels in customized iron and steel casting solutions. Operating ISO 9001:2015-certified foundries with a 14,400 MTPA capacity in Bilaspur, the company offers over 1,000 products. Serving steel, power, and cement industries, and Indian Railways, it boasts a strong client base, quality assurance, and experienced management.

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How To Apply For Abha Power and Steel Limited IPO?

To apply for the Abha Power and Steel Limited IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Abha Power and Steel Limited on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Abha Power and Steel Limited IPO at Alice Blue in just a few clicks!

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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