Absolute Projects (India) unlisted share price

Price history

About

Absolute Projects (India) Limited is an engineering, procurement and construction (EPC) company in the power sector. It designs, procures, installs, tests and commissions substations, transmission lines and distribution networks. It also provides operation and maintenance services and does a limited amount of civil construction. The company makes its own control panels, switchgear and transmission structures. It has two manufacturing facilities in Roorkee, Uttarakhand. Its registered office is in Delhi and its corporate office is in Noida. Projects have been executed across states such as Rajasthan, Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar and Odisha, plus Ladakh, and it has also worked in Nepal. Customers are mainly central and state utilities, public sector companies and electricity boards, including NTPC, Power Grid and state discoms. As per the restated financials in its DRHP, revenue from operations was ₹30,666.92 lakhs in FY25 against ₹24,824.50 lakhs in FY24 and ₹14,099.49 lakhs in FY23. Profit after tax was ₹2,100.45 lakhs in FY25. For the six months to 30 September 2025 revenue was ₹13,580.18 lakhs and profit after tax was ₹936.77 lakhs. Power EPC projects made up 75.39% of FY25 revenue. The promoters are Ranjeet Singh Ola, Deependra Singh Ola, Monika Bhukar Ola, Sunita Ola Dhaka, Vaishali Ola and Kamla Devi. Ranjeet Singh Ola is the largest holder at 34.01% and the six promoters together hold well over half the company before the issue. The company has filed its DRHP with SEBI, which shows a fresh issue of up to 2,00,00,000 equity shares. The price band and issue size are not yet disclosed, and IPO Guru does not guess dates or prices. Cumulative Capital Private Limited is the book running lead manager. Unlisted shares of a company like this trade off-market through dealers, so the indicative price here (₹86 per share, lot of 1000 shares) is not an exchange price and can differ between sellers. At that price the implied market cap is about ₹369.92 crore. This is information, not a recommendation.