Abha Power and Steel Limited IPO

Abha Power and Steel's IPO includes a fresh issue of 41.39L shares for ₹31.04 Cr and OFS of 10L shares for ₹7.5 Cr to modernize, expand, and meet working capital needs.

Important Details

Open Date : November 27, 2024 Close Date : November 29, 2024 Allotment Date: December 2, 2024 Listing Date: December 4, 2024

Important Details

IPO Price: INR 75 per share Lot Size:1600 Shares. Total Issue Size: INR 38.54 crores

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Fundamental Analysis

Abha Power and Steel IPO shows mixed performance: 1. Steady revenue growth. 2. Increased equity and liabilities. 3. Improved profitability and EPS. 4. Asset growth persists. 5. Declining liquidity and current ratio.

Peer Comparison

Abha Power and Steel IPO Peer Comparison: 1. Bhagwati and Nelcast: Strong valuations, returns. 2. Abha Power: Competitive in profitability, growth. 3. Based on standalone and consolidated data.

Objective

Abha Power and Steel IPO Objective: 1. Modernize and upgrade Bilaspur facilities. 2. Expand product portfolio. 3. Secure funds for working capital needs.

Risks And Challenges

Abha Power and Steel IPO Risks: 1. Dependence on Bilaspur facility, local suppliers. 2. Risks: Equipment failure, supply chain, weather. 3. Issues in MP, Chhattisgarh may affect finances.