- Q1. What is the business of Associated Power Structures Limited?
It manufactures and delivers lattice-steel towers and executes EPC contracts for power-transmission, distribution, renewable energy, and telecom infrastructure. - Q2. Why is the company raising funds via IPO?
It is raising funds through IPO to repay existing debt and finance general corporate purposes, strengthening its balance sheet and capacity for new projects. - Q3. What is the size of the issue and where will it list?
The issue size comprises of Fresh issue up to ₹400 Crore along with an offer-for-sale of 71,42,860 lakh shares. And it will be listed on the BSE NSE platform. - Q4. What are the risks to an investor?
Risks to investing in the IPO include this is the company’s first public offering,fluctuating EBITDA margin & increasing Debt. Final outcomes depend on future execution and market conditions. - Q5. What are the potential upsides?
The positives to investing in IPO include strong recent growth (FY25 revenues ₹1,216 Cr; rising order book of approximately ₹3,790 Cr) signals high demand and growth potential in power-infrastructure segment. - Q6. How to apply for the IPO?
You can apply via standard book-built IPO route (ASBA through bank or broker), once price band, lot size and bid dates are announced. - Q 7. When is the tentative listing date?
Expected listing date is yet to be announced.
Upcoming
Associated Power Structures Ltd
0
IPO Score
0
*Score varies on actual price
Associated Power Structures Limited is an integrated manufacturing and engineering, procurement, and construction (EPC) company specialized in design, fabrication, and supply of lattice steel structures essential for power transmission lines, wind energy projects, and telecommunications infrastructure. With over two decades of expertise, the company operates state-of-the-art facilities in Vadodara, Gujarat, serving a diverse clientele that includes major players like Suzlon Energy Limited and LS Cable & System Limited, while contributing to India’s expanding renewable energy and power grid networks.
Associated Power Structures Limited was incorporated on 21st May 1996. Mr. Ajay Patel is the MD & CEO of the company.
Fabrication and EPC-contracting of lattice towers and allied structures for power-transmission, telecommunications, wind-energy, solar and substation infrastructure.
Subscription date to apply for Associated Power Structures Limited is yet to be announced. Price band for the IPO is also pending to be declared.
Revenue, PAT, EBITDA
|
Year
|
2025
|
|---|---|
|
Networth
|
₹ 339.5 Cr
|
|
Revenue
|
₹ 1216.9 Cr
|
|
EBITDA
|
₹ 118 Cr
|
|
PAT
|
₹ 63.3 Cr
|
|
EBITDA Margin
|
9.69%
|
|
PAT Margin
|
5.20%
|
|
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
|
|---|---|
|
Borrowing payment
|
₹ 320 Cr
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
Financial Data
|
#
|
2023
|
2024
|
2025
|
|---|---|---|---|
|
Revenue (₹ Cr)
|
₹ 416.8
|
₹ 619.8
|
₹ 1,216.9
|
|
PAT (₹ Cr)
|
₹ 5.3
|
₹ 14.5
|
₹ 63.3
|
|
Asset (₹ Cr)
|
₹ 473.7
|
₹ 569.4
|
₹ 834.2
|
|
Net Worth (₹ Cr)
|
₹ 250.4
|
₹ 272.8
|
₹ 339.5
|
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
|
|---|---|
|
Satish Desai
|
38%
|
|
Parag Kothari
|
36%
|
|
Ajay Mukund Patel
|
19%
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
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
|
00
|
|---|---|
|
ROCE
|
00
|
|
RoNW
|
00
|
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