ClosedSME
Abha Power and Steel Limited
ABHAPOWER·₹75·Opens 2024-11-27
Price Band: ₹75
Issue Size: 39cr
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About the Company
What does this company do?
Abha Power and Steel is strategically located in Chhattisgarh, a steel hub of central India, they specialize in manufacturing customized iron and steel castings across diverse grades such as mild steel, spheroidal graphite iron, manganese steel, and high-alloy castings. Certified by RDSO, PED, and ISO 9001:2015, it sup…
IPO Details
Issue parameters, key dates and structure.
Key Risks
Material risk factors to consider before applying.
◆ Neutral
Should You Apply?
Abha Power and Steel is strategically located in Chhattisgarh, a steel hub of central India, they specialize in manufacturing customized iron and steel castings across diverse grades such as mild steel, spheroidal graphite iron, manganese steel, and high-alloy castings. Certified by RDSO, PED, and ISO 9001:2015, it supplies to Indian Railways, NMDC, and global markets like UAE, Germany, and Canada. With over 1,000 products and a focus on quality, sustainability, and customer retention, the company operates two foundries in Bilaspur, supported by advanced infrastructure, technical expertise, and a 2.99 MW captive solar power plant. Established in 2004, its capacity stands at 14,400 MTPA, with plans to expand renewable energy use to enhance self-sufficiency.
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IPO Timeline
Key milestones from opening to listing.
📅
Issue open date
2024-11-27
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Issue close date
2024-11-29
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UPI mandate deadline
2024-11-29
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Allotment finalization
2024-12-02
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Refund initiation
2024-12-03
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Share credit
2024-12-03
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Listing date
2024-12-04