Abha Power and Steel IPO

Founded in 2004, Abha Power and Steel Limited is engaged in the business of casting and manufacturing iron and steel products. The company makes a wide variety of products, including mild steel, manganese steel, stainless steel, and low and high-alloy castings. Abha Power and Steel Limited's two foundries—SG Iron Foundry and Steel Foundry— and its manufacturing facility are located in Bilaspur, Chhattisgarh, covering an area of approximately 319,200 square feet. The facility is ISO 9001:2015 certified for the design, development, manufacturing, and supply of iron and steel castings and assemblies for industries such as steel, power, and cement. It also produces parts for the Indian Railways, including SGCI inserts, adapters (all types), valve castings, and similar items. As of March 31, 2024, the total installed capacity of the plant was 14,400 metric tonnes per annum (MTPA). Abha Power and Steel Limited has a diverse portfolio of over 1,000 products, it caters to various industries. The company's clientele includes Vishal Nirmiti Private Limited, Raghavendra Rail Lines Pvt. Ltd., The Indian Hume Pipe Co. Ltd., Beekay Engg Corporation, Ashi Limited, SECR Railway, SCR Railway, Supertech Rail Infra Projects Pvt. Ltd., Northern Railway, and Orissa Concrete & Allied Industries Ltd., among others. As of April 30, 2024, the company employed 65 people, including senior management. Competitve Strengths: Fully equipped manufacturing facility Strategically located Manufacturing Facility Captive Power plant Diversified customer base and long-standing relationships with the customers Quality assurance and accreditations Well-experienced management team with proven project management and implementation skills Healthy Growth in profitability

The Company proposes to utilize the Net Proceeds towards funding the following objectives: Funding the capital expenditure towards modernization and upgradation of the manufacturing facilities in Bilaspur, Chhattisgarh to expand its product portfolio; Funding working capital requirements of the Company; and General Corporate Purposes.

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