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.
Open Date : November 27, 2024 Close Date : November 29, 2024 Allotment Date: December 2, 2024 Listing Date: December 4, 2024
IPO Price: INR 75 per share Lot Size:1600 Shares. Total Issue Size: INR 38.54 crores
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.
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.
Abha Power and Steel IPO Objective: 1. Modernize and upgrade Bilaspur facilities. 2. Expand product portfolio. 3. Secure funds for working capital needs.
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.