Associated Power Structures Limited IPO

Associated Power Structures Limited IPO

Mainboard NSE & BSE 100% Book Built Offer

Price Band

Total Issue

₹0 Cr

Bid Dates

TBA - TBA

Subscription

-

Est. GMP

₹0 (-)

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 Issue

  1. Repayment/prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company
  2. General corporate purposes

Financials

(Rs. in crores)

Financial Performance Metrics for Associated Power IPO
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%

Parag Kothari 36.00%
Satish Desai 38.00%
Ajay Patel 19.00%
Others 7.00%

Management

Satish Desai Chairman & MD
Parag Kothari MD
Ajay Patel Joint MD
Pranav Shah CFO

Registrar & Lead Managers

Company Details

Name: Associated Power Structures Limited

Address: 905/3, G.I.D.C., Industrial Estate Makarpura, Vadodara – 390 010 Gujarat, India

Number: +91 97277 67090

Email: cs@apsltd.co.in

Website: www.apsltd.co.in