Markets / IPO / Abha Power and Steel

Abha Power and Steel IPO

Updated 17:55

SME IPO on NSE Emerge · Castings & Forgings

Status

Listed

Price band

₹75

Lot size

1600 shares · ₹1,20,000

Subscribed

–

How it listed

Issue price

₹75

Listing price (open)

₹81.90 +9.20%

First-day close

₹77.80 +3.73%

Price now

₹22.10 -70.53%

Listing day	4 Dec 2024
Open / high / low / close	₹81.90 / ₹81.90 / ₹77.80 / ₹77.80
Shares traded on NSE	22,03,200
Market value at the listing-day close	₹145 cr

Closing prices since listing: 23 Oct ₹22.00, 26 Oct ₹21.70, 27 Oct ₹23.10, 29 Oct ₹21.25, 30 Oct ₹21.00, 2 Nov ₹20.80, 3 Nov ₹21.05, 4 Nov ₹21.20, 5 Nov ₹21.20, 6 Nov ₹22.10.

Abha Power and Steel share price, live chart and technicals →

Key dates

Bidding opens	27 Nov 2024
Bidding closes	29 Nov 2024
Allotment	2 Dec 2024
Refunds and shares in demat	3 Dec 2024
Listing	4 Dec 2024

Lot size by investor type

Application	Lots	Shares	Amount
Individual investor (minimum)	1	1,600	₹1,20,000
HNI (minimum)	2	3,200	₹2,40,000

At ₹75 a share. In SME IPOs individuals must bid for at least 1 lots.

Subscription

Investor category	Shares bid for
Institutions (QIB)	24,56,000
HNI / NII	2,23,56,800
Retail	6,07,93,600
Total	8,56,06,400

NSE does not publish the shares offered to each category for this issue, so times subscribed cannot be shown. NSE and BSE bids together, as of 29 Nov 2024 17:39.

Applications from individual investors

37,996 applications in the individual investors' category.

NSE does not publish the shares set aside for this category for SME issues, so the chance of allotment cannot be worked out exactly. Winners are picked by lottery.

Demand at each price

Top price ₹75	856.06 lakh shares	100.0%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Financials and valuation

	At issue price	Now
Market value	₹139 cr	₹41 cr
P/E (last 12 months' profit)	56.7	16.7

Revenue, last 12 months	₹62 cr
Profit, last 12 months	₹2 cr
Return on equity	–
Debt to equity	–

From results the company filed with NSE (latest period to 31 Mar 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Castings & Forgings

Company	Listed	Subscribed	On listing	Since IPO
Metalic Technoforge SME	28 Jul	–	+12.99%	+75.19%
Munish Forge SME	8 Oct	–	+9.38%	-9.38%

IPO details

Price band	₹75
Final issue price	₹75
Lot size	1600 shares
Minimum investment	₹1,20,000 (1 lot)
Market	NSE Emerge (SME)
Issue type	Fixed Price
Face value	₹10 per Equity Share
Industry	Castings & Forgings
Issue size	₹7.50 crore (about 10.00 lakh shares) · Offer for sale only
ISIN	INE0UYG01015
Registrar	Skyline Financial Services Private Limited Helpline: 28520461, service@satellitecorporate.com
Lead managers	Horizon Management Private Limited

Check allotment status

Allotment was finalised on 2 Dec 2024. Check it on the registrar's page (Skyline Financial Services Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Abha Power and Steel IPO price band and lot size?

The price band is ₹75 per share, and one lot is 1600 shares (₹1,20,000 at the upper price).

When is the Abha Power and Steel IPO allotment date?

Allotment was finalised on 2 Dec 2024, the next working day after bidding closed on 29 Nov 2024.

How many times was the Abha Power and Steel IPO subscribed?

Subscription figures are not available yet.

What is the Abha Power and Steel IPO listing date?

It listed on 4 Dec 2024 on NSE Emerge (SME).

What was the Abha Power and Steel listing gain?

It opened at ₹81.90 against an issue price of ₹75, a gain of 9.20%. It is now down 70.53% from the issue price.