Abha Power and Steel IPO

Abha Power and Steel Ltd

₹1,20,000 /1600 sharesMinimum Investment

Abha Power and Steel IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
27 Nov ‘24 - 29 Nov ‘24₹1,20,0001,600₹75 - ₹75
Issue SizeIPO Doc
38.54Cr
RHP PDF

About Abha Power and Steel

Abha Power and Steel operates in the iron and steel foundry sector and deals in the casting and manufacturing of customised products across a range of iron and steel grades. The company’s portfolio includes mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, low alloy and high alloy castings (high chromium and high nickel), as well as HRCS and WRCS. The company produces castings ranging from 0.5 kilograms to 6 tonnes in a single finished piece. Abha Power and Steel is based in Chhattisgarh and caters to the needs of Indian Railways, and industries such as cement, steel, heavy engineering power and mining.;
Founded in
2004
Managing director
Mr. Atish Agrawal
Parent organisation
Abha Power and Steel Ltd

Strengths & Financials of Abha Power and Steel

Strengths
Risks
Abha Power and Steel is a Research Design and Standards Organisation (RDSO) certified vendor for specific casting products supplied to Indian Railways and an approved supplier for casting products to the National Mineral Development Corporation (NMDC) and Integral Coach Factory, Chennai.
The company holds a Pressure Equipment Directive (PED) certificate from TUV-Nord, certifying its quality management systems for castings manufacturing and making it eligible to supply pressure equipment to European nations.
Abha Power and Steel serves domestic customers and exports products to over six countries, including the UAE, Germany, Canada, Italy, and the Netherlands.
The company claims to have a diverse product portfolio of over 1,000 items and the capability to produce customised castings.
The manufacturing facility is ISO 9001:2015 certified (quality management systems) for designing, developing, manufacturing, and supplying all types of iron and steel castings.
As of March 31, 2024, the manufacturing facility had an installed capacity of 14,400 metric tonnes per annum (MTPA). It is equipped with infrastructure for melting, sand handling, pouring, mould and core making, heat treatment, fettling, and testing facilities.

Abha Power and Steel Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Abha Power and Steel IPO

Apply asPrice bandApply upto
Regular75 - 75₹2 Lakh
High Networth Individual75 - 75₹2 - 5 Lakh
For Abha Power and Steel IPO, eligible investors can apply as Regular.
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 5.5.6
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  IDFC |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ

ABOUT GROWW