Abha Power IPO: Don’t Fall for This Risky Investment
The Abha Power IPO is set to open on November 27, 2024, and will close on November 29, 2024. This Fixed Price Issue offers a chance for investors to subscribe at ₹75 per share. With a total issue size of ₹38.54 crore, the company plans to raise funds to enhance its manufacturing capacity and working capital.
Key Details for the Abha Power IPO
- IPO Open Date: November 27, 2024
- IPO Close Date: November 29, 2024
- Price Band: ₹75 per share
- Issue Size: ₹38.54 crore
- Fresh Issue: ₹31.04 crore
- Offer for Sale: 10,00,000 shares
- Retail Quota: 50%
- QIB Quota: 0%
- HNI Quota: 50%
- Listing: NSE (December 4, 2024)
Abha Power IPO Market Lot
Investors can apply for at least 1,600 shares (₹120,000) in the retail category. They need a least of 3,200 shares (₹240,000) for S-HNI applications.
| Category | Shares | Amount |
|---|---|---|
| Retail Lowest | 1,600 | ₹120,000 |
| Retail Highest | 1,600 | ₹120,000 |
| S-HNI Lowest | 3,200 | ₹240,000 |
Abha Power IPO Financial Overview
In FY 2024, Abha Power reported a revenue of ₹51.75 crore, up from ₹54.70 crore in FY 2023. Its profit after tax increased to ₹3.78 crore in 2024, up from ₹1.40 crore the prior year, showing strong growth potential.
Financials Snapshot (₹ in Crores)
| Year | Revenue | Profit After Tax | Assets |
|---|---|---|---|
| 2022 | 54.52 | 0.72 | 35.37 |
| 2023 | 54.70 | 1.40 | 44.77 |
| 2024 | 51.75 | 3.78 | 47.36 |
Abha Power IPO Valuation
Abha Power’s key performance indicators (KPIs) include:
- Earnings Per Share (EPS): ₹2.62
- P/E Ratio: N/A
- Return on Net Worth (RoNW): 24.17%
- Net Asset Value (NAV): ₹12.14
These figures suggest a solid investment opportunity, especially for long-term investors.
Why Consider Abha Power IPO?
This IPO presents an opportunity for investors looking to join a growing company with stable revenue and profit. The funds raised from the IPO will be used for capital expenditure, working capital, and general corporate purposes.
Abha Power IPO Allotment and Listing Dates
- Basis of Allotment: December 2, 2024
- Refunds: December 3, 2024
- Credit to Demat Accounts: December 3, 2024
- Listing Date: December 4, 2024 (on NSE)
Abha Power IPO FAQs
1. What is the Abha Power IPO?
Abha Power is offering 10,00,000 shares at ₹75 per share to raise ₹38.54 crore.
2. When will the Abha Power IPO open for subscription?
The IPO opens on November 27, 2024.
3. What is the Abha Power IPO allotment date?
The allotment date is December 2, 2024.
4. What is the minimum lot size for the Abha Power IPO?
The minimum lot size is 1,600 shares (₹120,000).
5. How can I apply for Abha Power IPO?
You can apply online through ASBA or UPI via your stock broker.
Conclusion
The Abha Power IPO offers a promising investment opportunity with a fixed price issue at ₹75 per share. The IPO’s strong financial growth and allocation strategy make it appealing for investors looking for medium-to-long-term gains. The company’s expansion plans in Chhattisgarh could further boost its revenue in the coming years.
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