31 Mar 2022
Assets35.37
Total Income54.98
Profit After Tax-0.72
NET Worth11.20
Reserves and Surplus6.78
Total Borrowing17.66
At a glance
Updated 2026-09-12The shares listed at ₹81.90, a 9.20% move from the issue price. Abha Power and Steel is a SME IPO with an issue size of ₹38.54 crore, proposed for listing on NSE SME. The offer opens on 27th Nov 2024 and closes on 29th Nov 2024. The issue structure includes a fresh issue of ₹29.08 crore and an offer-for-sale component of ₹7.50 crore. The current listing schedule points to 4th Dec 2024.
Issue details
Listing atNSE SME
Issue typeFixed Price Issue
Issue size₹38.54 Cr
Fresh issue₹29.08 Cr
Offer for sale₹7.50 Cr
Face value₹10
Price band—–—
Allotment2nd Dec 2024
Listing4th Dec 2024
Listing performance
Full performance ↗Issue price₹75.00
Listing price₹81.90
Current price—
Listing gain9.20%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹15.00
GMP / upper priceNO DATA
Est. listing₹90.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens27th Nov 2024
Closes29th Nov 2024
Allotment2nd Dec 2024
Refund3rd Dec 2024
Demat3rd Dec 2024
Listing4th Dec 2024
Subscription demand
Full bidding ↗Total17.50×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1600 | — |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand our product portfolio | ₹16.39 Cr |
| Funding working capital requirements of the Company | ₹3.00 Cr |
| General Corporate Purposes. | ₹7.45 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue37.55₹ Cr · -27.6% vs prior year
PAT3.62₹ Cr · -4.2% vs prior year
Assets51.36₹ Cr · +8.4% vs prior year
Net Worth21.16₹ Cr · +20.6% vs prior year
Borrowing21.77₹ Cr · -8.3% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets44.77
Total Income55.12
Profit After Tax1.40
NET Worth13.75
Reserves and Surplus8.94
Total Borrowing23.93
31 Mar 2024
Assets47.36
Total Income51.83
Profit After Tax3.78
NET Worth17.54
Reserves and Surplus3.09
Total Borrowing23.73
15 Oct 2024
Assets51.36
Total Income37.55
Profit After Tax3.62
NET Worth21.16
Reserves and Surplus6.71
Total Borrowing21.77
KPIs
| KPI | Oct 15, 2024 |
|---|---|
| ROE | 24.17% |
| ROCE | 23.64% |
| Debt / Equity | 1.35% |
| RoNW | 24.17% |
| PAT Margin | 7.31% |
| Price to Book Value | 6.18 |
Valuation & shareholding
Pre-IPO EPS2.62
Post-IPO EPS3.89
Pre-IPO P/E28.65
Post-IPO P/E19.26
Promoter holding pre100%
Promoter holding post72.35%
Market cap₹139.41 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Abha Power and Steel IPO | — | 19.26 x | — | — |
| KVS Castings IPO | — | 15.85 x | — | — |
| Systematic Industries IPO | — | 23.59 x | — | — |
| Shri Hare IPO | — | 12.31 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | ₹1.26 Cr |
| Marketing and Selling Commission and expenses | ₹3.50 Cr |
| Advertising and marketing expenses | ₹0.25 Cr |
| Printing and distribution of issue stationery | ₹0.02 Cr |
| Others: Listing fees | ₹0.01 Cr |
| SEBI and NSE processing fees | ₹0.00 Cr |
| Book Building software fees | ₹0.04 Cr |
| Other regulatory expenses | ₹0.05 Cr |
| Miscellaneous | ₹0.10 Cr |
Registrar & lead managers
Registrar
Skyline Financial Services Pvt.Ltd.Lead managers
- Horizon Management Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-12.
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