ListedSMECastings/ForgingsABHAPOWER

Abha Power and Steel IPo

Abha Power and Steel IPo is an SME IPO raising ₹38 Cr at a fixed price of ₹75 a share. It listed on 4 Dec 2024 at ₹82, +9.2% against its issue price of ₹75, and trades at ₹24 today (−68.1% since issue). It was subscribed 13× in total.

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₹75

Issue price

₹24

Price now

−68.1%

Since issue price

4 Dec 2024

Listed on

13×Subscribed (final) · all exchanges

12.7 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹75

Cut-off price₹75

Issue size₹38 Cr

Shares per lot1600

Minimum application₹1,20,000

Minimum quantity1600

Face value₹10

Listing exchanges—

ISININE0UYG01015

Bidding hours10:00 – 17:00 IST

Bidding window27 Nov 2024 – 29 Nov 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.