Abha Power and Steel Limited IPO GMP Today Live Updates - Check Latest IPO GMP Today before Applying

Abha Power and Steel IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

IPO Details IPO GMP IPO Subscription Reviews About Company IPO Timeline KPI Financial Information Peer Comparison Allotment

Abha Power and Steel Limited IPO GMP

With around 20 years of experience, Abha Power and Steel cater to diverse industries such as Indian Railways, steel, cement, heavy engineering, mining, and power, offering a comprehensive range of standard and customized products. Their strong focus on quality, safety, value, and price competitiveness has helped them establish and maintain long-term relationships with customers both domestically and in over six countries, including UAE, Qatar, Germany, Canada, Italy, Netherlands, and Nepal.

Abha Power and Steel, an Fixed Price Issue amounting to ₹38.54 Crores, consisting an Fresh Issue of 41.39 Lakh Shares worth ₹31.04 Crores and an Offer for Sale of 10.00 Lakh Shares totalling to ₹7.5 Crores. The subscription period for the Abha Power and Steel IPO opens on November 27, 2024, and closes on November 29, 2024. The allotment is expected to be finalized on or about Monday, December 02, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Wednesday, December 04, 2024.

The Share price of Abha Power and Steel IPO is set at ₹75 per equity share. The Market Capitalisation of the Abha Power and Steel Limited at IPO price of ₹75 per equity share will be ₹100.86 Crores. The lot size of the IPO is 1,600 shares. Retail investors are required to invest a minimum of ₹1,20,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3,200 shares), amounting to ₹2,40,000.

Horizon Management Private Limited is the book-running lead manager while Skyline Financial Services Private Limited is the registrar for the Issue. Giriraj Stock Broking Private Limited is Market Maker for the Abha Power and Steel IPO.

Abha Power and Steel Limited IPO GMP Today
The Grey Market Premium of Abha Power and Steel Limited IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Abha Power and SteelLimited IPO Live Subscription Status Today: Real-Time Updates
As of 05:00 PM on 29 November 2024, the Abha Power and Steel IPO live subscription status shows that the IPO subscribed 16.66 times on its Final day of subscription period. Check the Abha Power and Steel IPO Live Subscription Status today at NSE.

Abha Power and Steel Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Abha Power and Steel IPO allotment date is 02 December, 2024, Monday. Abha Power and Steel IPO Allotment will be out on 2nd December 2024 and will be live on Registrar Website from the allotment date. Check Abha Power and Steel IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Abha Power and Steel Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Abha Power and Steel Limited IPO
Abha Power and Steel Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1) ₹1,638.93 Lakhs is required for the Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand their product portfolio;
2. ₹300.00 Lakhs is required for the Funding working capital requirements of the Company;
3. ₹745.06 Lakhs is required for the General Corporate Purposes.