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How to Apply for Abha Power and Steel IPO?    

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Abha Power and Steel IPO is an opportunity for investors to participate in a growing company in the iron and steel sector. Understanding the application process is essential for a smooth investment experience. This blog explains the steps to apply and check the allotment status of the IPO.

The IPO is open for subscription from November 27, 2024, to November 29, 2024, with shares priced at ₹75 each. To explore further details, visit the Abha Power and Steel IPO page.

Abha Power and Steel IPO Application Process

To apply for the Abha Power and Steel IPO, investors can follow these straightforward steps:

Step 1: Login to Bajaj Broking Trading Platform

Log in to your Demat or trading account using the Bajaj Broking portal or app.

Step 2: Navigate to the IPO Section

Go to the ‘IPO’ section where all ongoing public issues are listed.

Step 3: Select the Open IPO and Click Apply

Choose the Abha Power and Steel IPO from the list of available IPOs.

Step 4: Enter the Quantity of Shares You Wish to Apply For

Input the desired number of shares, ensuring it aligns with the lot size (1 lot = 1,600 shares).

Step 5: Provide Your UPI ID

Enter your UPI ID to enable the payment process through a mandate.

Step 6: Confirm the Application

Review all entered details carefully and confirm the application.

Step 7: Complete the Process and Wait for Allotment

Approve the UPI mandate request and monitor your application status.

How to Check Abha Power and Steel Allotment Status?

Investors can check the allotment status of the Abha Power and Steel IPO through multiple channels. Follow these steps for an easy check:

Step 1: Visit the Official Website of the IPO's Registrar

Access the registrar's website (Skyline Financial Services).

Step 2: Navigate to the IPO Allotment Status Page

Look for the allotment section for Abha Power and Steel IPO.

Step 3: Enter Your PAN Number, Demat ID, or Application Number

Provide any of these details in the respective fields.

Step 4: Click on 'Submit' or 'Check Status'

Submit the information to view your allotment status.

Step 5: Alternative Check on Stock Exchange Websites

Visit NSE or BSE and access their IPO allotment status pages.

Step 6: Check via Bajaj Broking Website

You can also visit the Abha Power and Steel Allotment Status page for updates.

About Abha Power and Steel IPO: Overview and Key Facts

Abha Power and Steel Limited operates in the iron and steel manufacturing sector. Established in 2004, it caters to diverse industries such as power, railways, and cement.

The IPO size is ₹38.54 crore, comprising a fresh issue of ₹31.04 crore and an offer for sale worth ₹7.50 crore. Each share is priced at ₹75, and the minimum lot size is 1,600 shares.

The funds raised from this IPO will be utilized for modernizing the company's manufacturing facilities, fulfilling working capital requirements, and meeting general corporate expenses.

Abha Power and Steel is headquartered in Bilaspur, Chhattisgarh, and operates an ISO-certified facility with a production capacity of 14,400 MTPA.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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Frequently Asked Questions

What is the process to apply for the Abha Power and Steel IPO?

Answer Field

Login to the Bajaj Broking trading platform, navigate to the IPO section, select the IPO, enter share quantity, provide your UPI ID, and confirm the application.

Can I apply for the IPO using a physical form?

Answer Field

No, applications for the Abha Power and Steel IPO must be submitted online through ASBA or UPI-enabled platforms.

What documents do I need to apply for the Abha Power and Steel IPO?

Answer Field

PAN card, Demat account details, UPI ID, and valid KYC documents are required.

How can I make the payment for the Abha Power and Steel IPO?

Answer Field

Payments can be made through UPI, where you approve a payment mandate for the application amount.

How will I know if my application for the Abha Power and Steel IPO has been successful?

Answer Field

Once your application is processed, you will receive a confirmation via email or SMS. The allotment status can also be checked online through the registrar's or exchange's websites.

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Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

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