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Abha Power and Steel Ltd
Registered Office:
Silpahri Industrail State,,
Bilaspur - 495001,
Chattisgarh, India.
Phone : +91 93022 21587
Fax : NA
Email :
cs@abhacast.com
Website :
www.abhacast.com
Initial public offer of 51,39,200 equity shares of (
R
s
) 10 each ("Equity Shares") of Abha Power and Steel Limited (the "Company" or the "Issuer") for cash at a price of (
R
s
) 75/- per share (the "Issue Price"), aggregating to (
R
s
) 38.54 crores ("The Issue"), consisting of fresh issue of 41,39,200 equity shares aggregating to (
R
s
) 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 (
R
s
) 7.50 crores ("Offer for Sale"), of which 2,62,400 equity shares of (
R
s
) 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 (
R
s
) 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
Money Payable On
Opens On
Closes On
Application
Allotment
27-Nov-24
29-Nov-24
75.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
(
R
s
.Cr
)
Lead Managers to the Issue
Project Cost
26.84
Horizon Management Pvt Ltd
Project Financed through Current Offer
38.54
Post Issue Equity Share Capital
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!!!