Wed Nov 27 06:29:01 UTC 2024: ## Abha Power & Steel to Launch IPO, Crypto Market Updates Available
**Mumbai, India –** Abha Power and Steel, a Chhattisgarh-based iron and steel foundry operator, will launch its initial public offering (IPO) on November 27th, aiming to raise ₹38.5 crore (approximately $4.6 million USD). The fixed-price IPO, priced at ₹75 per share, comprises a fresh issue of 41.39 lakh shares and an offer-for-sale of 10 lakh shares by promoter Subhash Chand Agrawal. Investors can apply for a minimum of 1,600 shares (₹1.2 lakh) and a maximum of ₹2 lakh worth of shares. Trading begins on the NSE Emerge on December 4th, with Horizon Management acting as the book-running lead manager. The company plans to use the funds for facility modernization, working capital, and general corporate purposes.
In other news, Traders Gurukul’s BOTS (Biggest Options Traders Summit) continues to offer insights into the options trading market, held on the 2nd or 3rd Sunday of each month across major Indian cities. Moneycontrol provides ongoing updates on the crypto market, including top gainers and losers, alongside broader business news, Sensex and Nifty updates, personal finance advice, and tax information. Readers can stay informed via the Moneycontrol website or app.
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