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15 Days Price Change

Abha Power And Steel IPO

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WEBSITE Inc. Year: 2004 Industry: Steel & Iron Products Listed Page

Profile
Issue Size --
Profile
Price Range 75  to  75 per share
Profile
Min Investment ₹75
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Founded in 2004, Abha Power and Steel Limited operates in the iron and steel foundry industry, specializing in the casting and manufacturing of customized products across a wide range of iron and steel grades. The company's product portfolio includes mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, and low and high alloy castings (such as high chromium and high nickel), with finished castings ranging from 0.5 kg to 6 tonnes. Abha Power and Steel offers over 1,000 different products. The company operates two foundries, SG Iron Foundry and Steel Foundry, at its manufacturing facility in Silpahri Industrial Area, Bilaspur, Chhattisgarh, which spans approximately 319,200 square feet. This facility is ISO 9001:2015 certified for the design, development, and supply of iron and steel castings for the steel, power, cement industries, and Indian Railways, including products like SGCI inserts, valve castings, and adapters. As of March 31, 2024, the facility has an installed production capacity of 14,400 metric tonnes per annum. The company’s strengths include a diversified product mix with a focus on custom solutions, a fully equipped manufacturing plant, a captive power plant, and a broad, loyal customer base. Their clientele includes prominent companies such as Vishal Nirmiti, Raghavendra Rail Lines, The Indian Hume Pipe Co, Beekay Engineering, and various railway organizations. Read More

Basic Info

Face Value 10 per share

Price 75  to  75 per share

P/E (x) 19.2

Sales( Cr.) 70

PAT( Cr.) 6

EPS 3.9

Draft Prospectus

Exchange NSE-SME

Promoter

Company Promoters

Subhash Chand Agrawal Satish Kumar Shah Ankit Agrawal Atish Agrawal

Pre Issue Share Holding 100%

Post Issue Share Holding 100%

Listing Details:

Listing Price: 81.9

Listing Gain: 8.42%

Current Price: 32.6

Gain On Issue: 32.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Nov 27, 2024
Closing Date Nov 29, 2024
Allotment Dec 02, 2024
Refund Dec 03, 2024
Delivery of Shares Dec 03, 2024
Listing Date Dec 04, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 120,000
Retail (Max) 1 1600 120,000
S-HNI (Min) 2 3200 240,000
S-HNI (Max) 8 12800 960,000
B-HNI (Min) 9 14400 1,080,000

Objective of the Issue

1. Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand its product portfolio. 2. Funding working capital requirements of the Company. 3. General Corporate Purposes.

Issue

Category Nos Bid Bid (x)
QIB 0 0 0x
NII 2569600 25875872 10.1x
Retail 2569600 64060128 24.9x
EMP 0 0 0x
Total 5139200 92505600 18x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Abha Power And Steel Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 55 55 52 70
Other Income 0 0 0 1
Total Income 55 55 52 71
Total Expenditure 53 51 44 59
Operating Profit 2 4 8 11
Interest 1 1 2 2
Depreciation 1 1 1 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 0 2 5 8
Provision for Tax 1 1 1 2
Profit After Tax -1 1 4 6
Adjustments 0 0 0 0
Profit After Adjustments -1 1 4 6
Adjusted Earnings Per Share -0.5 1 2.6 3.4

Abha Power And Steel Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 11 14 18 51
Minority's Interest 0 0 0 0
Borrowings 10 15 12 9
Other Non-Current Liabilities 1 1 2 3
Total Current Liabilities 14 15 15 16
Total Liabilities 35 45 47 79
Fixed Assets 6 6 19 18
Other Non-Current Assets 2 15 1 8
Total Current Assets 27 24 27 53
Total Assets 35 45 47 79

Abha Power And Steel Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0
Cash Flow from Operating Activities -7 8 3 3
Cash Flow from Investing Activities -1 -14 -1 -10
Cash Flow from Financing Activities 8 6 -2 23
Net Cash Inflow / Outflow 0 -0 0 15
Closing Cash & Cash Equivalent 0 0 0 15

Abha Power And Steel Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.54 0.97 2.62 3.35
CEPS(Rs) -0.04 1.43 3.33 3.9
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 8.45 9.52 12.14 27.35
Core EBITDA Margin(%) 3.02 6.1 15.73 15.31
EBIT Margin(%) 2.67 5.66 13.91 14.78
Pre Tax Margin(%) 0.57 3.6 9.8 12.11
PAT Margin (%) -1.31 2.56 7.31 8.87
Cash Profit Margin (%) -0.11 3.77 9.28 10.34
ROA(%) -2.02 3.5 8.21 9.84
ROE(%) -6.39 11.23 24.17 18.22
ROCE(%) 5.04 9.31 18.24 18.31
Receivable days 64.3 63.98 63.62 48.53
Inventory Days 55.95 73.02 110.97 107.69
Payable days 32.71 38.06 36.35 17.31
PER(x) 0 0 0 8.46
Price/Book(x) 0 0 0 1.04
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.4 0.52 0.73 0.83
EV/Core EBITDA(x) 10.32 7.6 4.61 5.13
Net Sales Growth(%) 0 0.34 -5.4 35.62
EBIT Growth(%) 0 113.02 132.52 44.04
PAT Growth(%) 0 295.92 169.87 64.69
EPS Growth(%) 0 279.64 169.87 28.01
Debt/Equity(x) 1.58 1.74 1.35 0.42
Current Ratio(x) 2.01 1.59 1.77 3.26
Quick Ratio(x) 1.39 0.68 0.6 1.81
Interest Cover(x) 1.27 2.75 3.38 5.54
Total Debt/Mcap(x) 0 0 0 0.4

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 35% 8% 0% 0%
Operating Profit CAGR 38% 77% 0% 0%
PAT CAGR 50% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 9% NA% NA% NA%
ROE Average 18% 18% 12% 12%
ROCE Average 18% 15% 13% 13%

Company Contact Information

Abha Power And Steel Ltd.

Silpahri Industrial State Bilaspur

IPO Lead Manager(s)

Abha Power And Steel Ltd.

Horizon Management Pvt Ltd.

Registrar Info

Abha Power And Steel Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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