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IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

IPO Details

  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹2 per share
  • Price Band
  • Lot Size
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    2,00,00,000 shares (agg. up to ₹[.] Cr)
  • Fresh Issue
    2,00,00,000 shares (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    4,30,13,585 shares
  • Share Holding Post Issue
    6,30,13,585 shares

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Mon, Mar 30, 2026

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50.00% of the Issue
Retail Shares Offered Not less than 35.00% of the Issue.
NII Shares Offered Not less than 15.00% of the Issue

About Absolute Project (India) Ltd.

Incorporated in February 1995, Absolute Projects Limited is an EPC company with in-house manufacturing of electrical and structural components for their infrastructure.

As of December 31, 2025, under the Potheyr EPC portfolio, the company has completed 2,480 CKM of transmission and distribution lines. This includes installing a 885 MVA transformer and a 7,53,682 kVA distribution transformer.

They laid 43.20 km of 66 kV and 33 kV underground cables and 8,311 km of LT distribution lines. They also built 55 substations from 33 kV to 220 kV, including air-insulated and gas-insulated types.

As of December 31, 2025, the Order Book was ₹74,753.03 lakhs, reflecting estimated revenue from unexecuted contract parts.

The company’s business verticals includes the following:

  1. Power EPC Projects
  2. Supply of in-house manufactured electrical and structural components
  3. Civil construction
  4. Operation and Maintenance Service

The company has a footprint across twelve (12) states and three (3) union territories in India.

Competitive Strength

  • Established track record of Power EPC Project management and execution capabilities
  • Capabilities across manufacturing and lifecycle services supporting Power EPC execution
  • Healthy Order Book providing visibility of future revenues
  • Strong financial performance supported by growth in operations and improving profitability
  • Experienced Promoters and Strong Management Team

Company Financials (Restated Consolidated)

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 321.60 285.85 201.31 139.48
Total Income 138.29 312.12 251.07 141.68
Profit After Tax 9.37 21.00 14.65 2.90
EBITDA 14.27 28.98 20.72 6.09
NET Worth 124.70 103.29 56.73 41.90
Reserves and Surplus 116.18 95.00 49.40 34.73
Total Borrowing 100.87 88.63 30.96 23.52
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding capital expenditure towards procurement of; (i) plant and machinery for modernization of Manufacturing Facility I; (ii) procurement of plant and machinery for commencement of operations at Manufacturing Facility II; and (iii) certain equipment and machineries required for execution of Power EPC Projects
    40.66
  • 2 Repayment or pre-payment, in part or full of certain borrowings availed by the Company
    49.11
  • 3 Funding of working capital requirement of the Company
    40.00
  • 4 General Corporate Purposes
  • Total

Key Performance Indicator (KPI)

KPI Mar 31, 2025
ROE 20.34%
ROCE 14.74%
Debt/Equity 0.86
RoNW 20.34%
PAT Margin 6.85%
EBITDA Margin 9.45%
Pre IPO Post IPO
Promoter Holding 90.70%
Akhil Satia, Shravan Sethi, Shiv Parivar are the company promoters.

IPO Registrar

MUFG Intime India Pvt.Ltd.

  • +91-22-4918 6270
  • absoluteprojects.ipo@in.mpms.mufg.com
  • Visit Website

IPO Lead Manager(s)

  1. Cumulative Capital Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Absolute Project (India) Ltd. Address
4222/1 Laxmi Kunj
1st floor, Ansari Road,
, D Ganj
New Delhi, New Delhi, 110002

IPO FAQs

Absolute Project India IPO is a main-board IPO of 2,00,00,000 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Absolute Project India IPO open and close dates are not available as of now.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One  customers can apply online in Absolute Project India IPO using UPI as a payment gateway. Angel One  customers can apply in Absolute Project India IPO by login into Angel One  Console (back office) and submitting an IPO application form.

Steps to apply in Absolute Project India IPO through Angel One

  1. Visit the Angel One  website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the ‘Absolute Project India IPO’ row and click the ‘Bid’ button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Angel One IPO Application Process Review for more detail.

The Absolute Project India IPO dates are not announced. Please check back again after some time.

Absolute Project India IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Absolute Project India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Absolute Project India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Absolute Project India IPO allotment status.

The Absolute Project India IPO listing date is not yet announced. The tentative date of listing is .

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