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Abha Power and Steel Ltd
Abha Power and Steel Ltd
Registered Office : Silpahri Industrail State,,Bilaspur Chattisgarh 495001 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.
Opens On
Closes On
27-Nov-2024
29-Nov-2024
Application
Allotment
75.00
0.00
Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
26.84
38.54
18.59
75.00
Horizon Management Pvt Ltd
- Funding the capital expenditure towards modernization and upgradation of the mfg facility in
- Funding working capital requirements of the company
- General corporate purposes
- Subhash Chand Agarwal
- Ankit Agrawal
- Atish Agrawal
- NSE - SME
- Skyline Financial Services Pvt