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Latest GMP
- Lead Manager
- Cumulative Capital Private Limited
- IPO Open Date
- --
- IPO Close Date
- --
- Allotment date
- --
- Listing date
- --
- Issue Size
- --
- Issue Price Band
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- Lot Size
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- Minimum Investment
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Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Absolute Projects (India) Limited
Incorporated in February 1995, Absolute Projects Limited is an EPC company with in-house manufacturing of electrical and structural components for infrastructure projects.
Project Track Record (as of December 31, 2025)
Under the Potheyr EPC portfolio, the company has completed:
- 2,480 CKM of transmission and distribution lines
- Installation of an 885 MVA transformer and a 7,53,682 kVA distribution transformer
- Laying of 43.20 km of 66 kV and 33 kV underground cables
- Laying of 8,311 km of LT distribution lines
- Construction of 55 substations ranging from 33 kV to 220 kV (including air-insulated and gas-insulated types)
Order Book
As of December 31, 2025, the Order Book stood at ₹74,753.03 lakhs, reflecting estimated revenue from unexecuted portions of contracts.
Business Verticals
- Power EPC Projects
- Supply of in-house manufactured electrical and structural components
- Civil construction
- Operation and Maintenance Services
Geographic Presence
The company has a footprint across 12 states and 3 union territories in India.
Competitive Strengths
- 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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Updated on N/A
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|
Disclaimer: Grey Market Premium (GMP) is an unofficial market indicator provided for informational purposes only. It may change at any time and should not be considered investment advice or a guarantee of listing gains. Please evaluate company fundamentals, financials, valuation, and subscription data, and consult a SEBI-registered financial advisor before making any investment decision.
Financials of Absolute Projects (India) Limited
A quick overview of the key financial performance of Absolute Projects (India) Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue decreased by 56%, Profit after Tax (PAT) decreased by 55%, Total Assets increased by 13% between FY2025 and FY2026 (Sep).
| Period Ended | FY2023 | FY2024 | FY2025 | FY2026 (Sep) |
|---|---|---|---|---|
| Revenue | 140.99 | 248.25 | 306.67 | 135.80 |
| Assets | 139.48 | 201.31 | 285.85 | 321.60 |
| Total Income | 141.68 | 251.07 | 312.12 | 138.29 |
| Profit After Tax | 2.90 | 14.65 | 21.00 | 9.37 |
| EBITDA | 6.09 | 20.72 | 28.98 | 14.27 |
| Net Worth | 41.59 | 56.76 | 103.26 | 124.78 |
| Reserves & Surplus | 34.73 | 49.40 | 95.00 | 116.18 |
| Total Borrowings | 23.52 | 30.96 | 88.63 | 100.87 |
Amount in ₹ Crore
IPO Lot Size
IPO lot size details are currently unavailable.
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 7.51 |
| ROCE (%) | 6.03 |
| Debt / Equity | 0.81 |
| RoNW (%) | 7.51 |
| PAT Margin (%) | 6.9 |
| EBITDA Margin (%) | 10.51 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
2.23
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
72
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|
Disclaimer:
KPI values are based on information disclosed in the IPO prospectus and are provided for informational purposes only.
IPO Lead Manager(s)
Lead Manager Details
- Cumulative Capital Private Limited
- Contact Person: Swapnilsagar Vithalani / Shreya Yadav
- SEBI Registration Number: INM000013129
- Investor Grievance Email: investor@cumulativecapital.group
- Website: https://www.cumulativecapital.group
- Email: absolute.ipo@cumulativecapital.group
- Phone: +91 98196 62664 / +91 99367 98144
- Address: B 309-311, 215 Atrium, Nr. Courtyard Marriott Hotel, Andheri Kurla Road, Andheri East, Chakala MIDC, Mumbai – 400093, Maharashtra, India
IPO Registrar
- Registrar Name
- MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- Phone
- +91 81081 14949
- Contact Person
- Shanti Gopalkrishnan
- SEBI Registration Number
- INR000004058
- Address
- C-101, 247 Park, 1st Floor, L B S Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
- Website
- https://in.mpms.mufg.com/
Company Contact Details
- Company Name
- Absolute Projects (India) Limited
- cs@apil-online.com
- Phone
- +91 93559 82822
- Contact Person
- Raman Rastogi, Company Secretary and Compliance Officer
- Corporate Identity Number
- U74999DL1995PLC065160
- Address
- 4222/1, Laxmi Kunj, 1st Floor, Ansari Road, D Ganj, New Delhi 110002, India
- Website
- https://www.apil-online.com/
Absolute Projects (India) Limited FAQs
The Absolute Projects (India) Limited IPO is a MAIN IPO with a total issue size of
₹ crores.
The IPO price band is fixed at
₹-- to ₹-- per share,
and the minimum lot size is
--.
The Absolute Projects (India) Limited IPO will open on
--,
and will close on
--.
MUFG Intime India Private Limited (formerly Link Intime India Private Limited) has been appointed as the registrar for the issue.
The equity shares are proposed to be listed on BSE, NSE.
The Absolute Projects (India) Limited IPO opens on -- and closes on --.
The Absolute Projects (India) Limited IPO lot size is --, and the minimum amount required for application is --.
You can apply for the Absolute Projects (India) Limited IPO through your bank account using the ASBA facility or via your online trading and Demat account.
To apply online, log in to your broker’s platform, select Absolute Projects (India) Limited IPO, enter the number of lots, choose your price within the price band, and submit the application.
After submitting, approve the UPI mandate to block the required amount in your bank account.
Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.
The Absolute Projects (India) Limited IPO listing date is --.
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