Abha Power Services Limited

Company Profile
Company Name Abha Power Services Limited
Open Date 27-11-2024
Close Date 29-11-2024
Exchange NSE SME
Lot Size 1,600 Shares
Issue Price ₹75 per share
Issue Size 5,139,200 shares
Application Amount ₹120,000
Recommendation Avoid
Incorporation: Founded in 2004, The company’s registered office is located at Bilaspur, Chhattisgarh. Business Activity: The company primarily engages in the manufacturing and sale of customized and regular products. The core business revolves around producing iron and steel castings for a variety of industries, with a notable focus on Indian Railways, Steel Industry, Cement Industry and Power Sector. Revenue Stream: It generates most of its revenue domestically, with a high dependency on a few major customers. The revenue is concentrated in specific geographical areas of India, particularly in Chhattisgarh, Maharashtra, and Madhya Pradesh. The company operates both Iron and Steel foundry at it’s manufacturing facility. Human Resource: As April 30, 2024, the company employed 65 people on it’s payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24 Sep-24
Revenue 5,451.67 5,469.96 5,174.70 3,720.78
EBITDA 164.37 333.95 814.20 630.50
Net Profit 133.34 253.76 635.86 622.04
RoCE 4.53% 9.00% 21.87% 16.34%
ROE 11.90% 18.45% 36.26% 29.40%
P/E - 77.32 28.63 15.89

Tentative Timeline

Opening Date 27-11-2024
Closing Date 29-11-2024
Basis of Allotment 02-12-2024
Initiation of Refunds 03-12-2024
Credit of Shares to Demat 03-12-2024
Listing Date 04-12-2024

Objects of the Issue

Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand its product portfolio;
To meet working capital requirements and ;
General Corporate Purposes

Contact Information

Registered Office Abha Power and Steel Limited Silpahri Industrial State, Bilaspur, 495001
Phone +91 93022 21587
Email cs@abhacast.com
Website https://abhacast.com/

Registrar Details

Name Skyline Financial Services Private Ltd
Phone 02228511022
Email ipo@skylinerta.com
Website ttps://www.skylinerta.com/ipo.php

IPO Reservation

Anchor Investor Shares Offered 988,800 (28.26%)
Market Maker Shares Offered 2,62,400 (5.11%)
QIB Shares Offered 24,38,400 (47.45%)
NII (HNI) Shares Offered 24,38,400 (47.45%)
Retail Shares Offered 51,39,200 (100%)

Shareholding Pattern

Shareholding Pre Issue (Promoters) 100.00%
Shareholding Post Issue (Promoters) 72.35%

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