November, 21 2024 Thursday 18:58 Hrs
Ifin-logo
  • SENSEX :   77,155.79

  • Top commodity trading and broking companies in India-422.59( -0.54%) 21-Nov-2024
Login for
FundBoss
Trade Online
Open Account

IPO Synopsis

Abha Power and Steel Ltd
  • Registered Office: Silpahri Industrail State,, Bilaspur - 495001, Chattisgarh, India.
  • Phone : +91 93022 21587   Fax:
  • 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
Opens On Closes On
27-Nov-24 29-Nov-24
Money Payable On
Application Allotment
75.00 0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 26.84 Horizon Management Pvt Ltd
Project Financed through Current Offer (.Cr) 38.54  
Post Issue Equity Share Capital (.Cr) 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
No Data Available
Top
Attention Investor:
Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.