- Q1. What is the business of Absolute Projects (India) Limited ?It is an EPC infrastructure company executing power transmission, substations, underground cabling and distribution projects with in-house manufacturing support across multiple Indian states.
- Q2. Why is the company raising funds via IPO?To fund manufacturing expansion, EPC equipment procurement, working capital requirements, and repayment of certain borrowings to strengthen future growth capabilities.
- Q3. What is the size of the issue and where will it list?The IPO includes a Fresh Issue of ~2 Cr Equity shares. It will be listed on NSE and BSE platform.
- Q4. What are the key risks to an investor?Major risks include dependence on government infrastructure contracts, project execution delays, high working capital needs, debt exposure, and intense competition within the EPC sector.
- Q5. What are the potential upsides?India’s rising power infrastructure spending, strong EPC experience, diversified execution capabilities, expanding order book, and backward integration could support long-term business growth and profitability.
- Q6. How to apply for the IPO?Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.
Upcoming
Absolute Projects (India) Ltd
0
IPO Score
0
*Score varies on actual price
Absolute Projects (India) Limited is an Engineering, Procurement and Construction (EPC) company focused on power transmission and distribution infrastructure projects. The company executes turnkey power EPC projects including design, engineering, procurement, installation, testing and commissioning of substations, transmission lines and underground/overhead distribution networks.
Absolute Projects (India) Limited was incorporated on 1995 & currently Mr. Ranjeet Singh Ola serves as the Managing Director of the company.
Absolute Projects (India) Limited filed its DRHP with SEBI on March 30, 2026. The IPO features a fresh issue of ~ 2 Cr equity shares.
It offers EPC services for power transmission and distribution projects, including substations, underground cabling, transmission lines, and rural electrification.It is a B2B infrastructure EPC company. Its customer reach includes government utilities and power sector clients across multiple Indian states
Subscription date to apply for Absolute Projects (India) Limited is yet to be announced. Price band for the IPO is yet to be declared.
Revenue, PAT, EBITDA
|
Year
|
2025
|
|---|---|
|
Networth
|
₹ 103.28 Cr
|
|
Revenue
|
₹ 306.66 Cr
|
|
EBITDA
|
₹ 28.98 Cr
|
|
PAT
|
₹ 21 Cr
|
|
EBITDA Margin
|
9.45%
|
|
PAT Margin
|
6.85%
|
|
Face Value
|
Rs.02 per Equity Share
|
IPO Important Dates
|
#
|
Date
|
|---|---|
|
Open Date
|
TBA
|
|
Close Date
|
TBA
|
|
Anchor Investor Bidding
|
TBA
|
|
Allotment Date
|
TBA
|
|
Refunds& Demat Credit
|
TBA
|
|
Tentative Listing Date
|
TBA
|
Use Of Proceeds
|
Purpose
|
Amount
|
|---|---|
|
Capital Expenditure ( In Crores)
|
40.65
|
|
Working Capital requirements( In Crores)
|
40
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
General Corporate Purpose
|
Balance
|
Financial Data
|
#
|
2023
|
2024
|
2025
|
|---|---|---|---|
|
Revenue (₹ Cr)
|
₹ 141.0
|
₹ 248.2
|
₹ 306.7
|
|
PAT (₹ Cr)
|
₹ 2.9
|
₹ 14.6
|
₹ 21.0
|
|
Asset (₹ Cr)
|
₹ 139.5
|
₹ 201.3
|
₹ 285.9
|
|
Net Worth (₹ Cr)
|
₹ 41.9
|
₹ 56.7
|
₹ 103.3
|
IPO Grey Market Premium
|
Date
|
IPO Price
|
IPO GMP
|
Profit Per Lot
|
|---|---|---|---|
|
17 July
|
₹ –
|
₹ –
|
₹ –
|
|
16-July
|
₹ –
|
₹ –
|
₹ –
|
|
15-July
|
₹ –
|
₹ –
|
₹ –
|
|
14-July
|
₹ –
|
₹ –
|
₹ –
|
|
13-July
|
₹ –
|
₹ –
|
₹ –
|
Promoters – Pre offer equity (Approx)
|
Promoters
|
% Shares
|
|---|---|
|
Ranjeet Singh Ola
|
34.01%
|
|
Deependra Singh Ola
|
18.59%
|
|
Monika Bhukar Ola
|
8.06%
|
|
Sunita Ola Dhaka
|
5.46%
|
|
Kamla Devi Ola
|
4.55%
|
|
Vaishali Ola
|
1.33%
|
Lot Size details
|
Application Type
|
Lot Size
|
No. of Lot
|
No. of Shares
|
Investment Amount
|
|---|---|---|---|---|
|
Retail (Min)
|
–
|
1
|
–
|
₹ –
|
|
Retail (Max)
|
–
|
13
|
–
|
₹ –
|
|
HNI (Min)
|
–
|
14
|
–
|
₹ –
|
|
HNI (Max)
|
–
|
66
|
–
|
₹ –
|
|
Big HNI (Min)
|
–
|
67
|
–
|
₹ –
|
Key Performance Index (KPI)
|
ROE
|
20.34%
|
|---|---|
|
ROCE
|
14.74%
|
|
RoNW
|
20.34%
|
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