Business Overview
Associated Power Structures is an integrated manufacturing and engineering, procurement and construction (EPC) company engaged in the design and manufacture of lattice structures for power transmission and distribution, wind energy and telecommunication sectors. The Company also undertakes turnkey EPC projects covering the supply, installation, erection and commissioning of transmission and distribution towers, transmission lines and substation structures. It has demonstrated capabilities to execute power transmission and distribution projects up to 800 kV voltage levels and substation projects up to 400 kV. As part of its turnkey offerings, Associated Power Structures undertakes specialized foundation works, including pile-type and well-type foundations, and is among the few companies in India with such capabilities as of March 31, 2025 (Source: CRISIL Report). In the renewable energy segment, the Company designs and manufactures wind turbine lattice structures as well as solar module mounting structures, supporting the growing clean energy infrastructure in India.
Objects of IPO
- Repayment/prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company
- General corporate purposes
Financials
(Rs. in crores)
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue | 1,216.91 | 619.77 | 416.80 |
| PAT | 63.29 | 14.47 | 5.27 |
| Net Worth | 339.54 | 272.77 | 250.37 |
| Borrowings | 198.89 | 122.96 | 80.53 |
| Assets | 834.15 | 569.35 | 473.72 |
| NAV (₹) | 67.91 | 54.55 | 50.07 |
| EPS (₹) | 12.66 | 2.89 | 1.05 |
KPIs
EBITDA
9.69%
PAT
5.20%
ROE
20.67%
ROCE
22.20%
Net Debt to Equity
0.40
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
100.00%
Public
0.00%
Management
Frequently Asked Questions
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How to apply Associated Power IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Associated Power IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Associated Power IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Associated Power IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date