Abha Power and Steel Limited IPO
Abha Power and Steel Limited was a SME IPO in the Castings & Forgings sector, offered at ₹75–₹75 per share to raise ₹39 crore. It listed on 4 Dec 2024 at ₹82 and closed its first day at ₹78, a listing gain of +3.7% versus the ₹75 issue price. It now trades around ₹21 (-72.0% versus the issue price).
Frequently asked questions
- What were the Abha Power and Steel Limited IPO listing gains?
- Abha Power and Steel Limited listed on 4 Dec 2024 at ₹82, closing its first day at ₹78 — a listing gain of +3.7% versus the ₹75 issue price.
- What was the price band and lot size of the Abha Power and Steel Limited IPO?
- The price band was ₹75–₹75 per share, with a minimum lot of 1,600 shares (₹1,20,000 at the upper band).
- Who were the registrar and lead manager for the Abha Power and Steel Limited IPO?
- Skyline Financial Services Private Limited was the registrar, and Horizon Management was the book-running lead manager.