IPO Details

Abha Power and Steel Ltd
Registered Office: Silpahri Industrail State, ,Bilaspur-495001, Chattisgarh
Tel. No: +91 93022 21587
Fax No:
Email: cs@abhacast.com
Website: www.abhacast.com
Initial public offer of 51,39,200 equity shares of Rs. 10 each ("Equity Shares") of Abha Power and Steel Limited (the "Company" or the "Issuer") for cash at a price of Rs. 75/- per share (the "Issue Price"), aggregating to Rs. 38.54 crores ("The Issue"), consisting of fresh issue of 41,39,200 equity shares aggregating to Rs. 31.04 crores and an offer for sale of 10,00,000 equity shares by Subhash Chand Agrawal ("The Promoters Selling Shareholder" or "The Selling Shareholder") aggregating to Rs. 7.50 crores ("Offer for Sale"), of which 2,62,400 equity shares of Rs. 10 each will be reserved for subscription by aggregating market maker to the issue (the "Market Maker Reservation Portion"). The issue less than the market maker reservation portion i.e. issue of 48,76,800 equity shares of Rs. 10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.65% and 26.24% respectively of the post issue paid up equity share capital of the company.

	Issue	Money Payable On
Opens On	Closes On	Application	Allotment
27-Nov-2024	29-Nov-2024	₹75.00 - 0.00	₹0.00 - 0.00

Minimum Application for shares in Nos : 1600	Further Multiples of : 1600

	(₹ Cr)	Lead Managers to the Issue
Project Cost	26.84	Horizon Management Pvt Ltd
Project Financed through Current Offer	38.54
Post Issue Equity Share Capital	18.59
Issue Price	75.00

Projects
Funding the capital expenditure towards modernization and upgradation of the mfg facility in
Funding working capital requirements of the company
General corporate purposes

Promoted By
Subhash Chand Agarwal
Ankit Agrawal
Atish Agrawal

Listing At
NSE - SME

Registrar To The Issue
Skyline Financial Services Pvt