Fixed Price IPO | ₹13 Cr | Listed at NSE SME | Fri, Jun 28, 2019 - Wed, Jul 3, 2019
A B Infrabuild IPO is a fixed price issue of ₹12.84 crores. The issue is entirely a fresh issue of 0.44 crore shares of ₹12.84 crore.
A B Infrabuild IPO bidding started from Jun 28, 2019 and ended on Jul 3, 2019. The allotment for A B Infrabuild IPO was finalized on Jul 9, 2019. The shares got listed on NSE SME on Jul 12, 2019.
A B Infrabuild IPO price is ₹29 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,16,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,32,000.
Mark Corporate Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Asnani Stock Broker Pvt.Ltd..
Refer to A B Infrabuild IPO RHP for detailed Information.
IPO Open
Fri, Jun 28, 2019
IPO Close
Wed, Jul 3, 2019
Issue Price
₹29 per share
Market Cap (Pre-IPO)
₹36.74 Cr
| IPO Date | 28 Jun to 3 Jul, 2019 |
| Listed on | Fri, Jul 12, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹29 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 44,28,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 2,24,000 shares Asnani Stock Broker Pvt.Ltd. (agg. up to ₹0.6496 Cr) |
| Fresh Issue (Ex Market Maker) | 42,04,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 42,04,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 82,41,447 shares |
| Share Holding Post Issue | 1,26,69,447 shares |
| NSE Symbol | ABINFRA |
| ISIN | INE00YB01017 |
A B Infrabuild IPO comprises a total issue size of 44,28,000 shares. The net offer to the public is 42,04,000 shares, after excluding 2,24,000 shares allotted on a firm basis. Of the Net offer 21,00,000 (49.95%) allocated to NII 21,04,000 (50.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 21,00,000 | 49.95% | 47.43% |
| Retail Shares Offered | 21,04,000 | 50.05% | 47.52% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,24,000 | 5.06% | |
| Total Shares Offered | 44,28,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,16,000 |
| Retail (Max) | 1 | 4,000 | ₹1,16,000 |
| HNI (Min) | 2 | 8,000 | ₹2,32,000 |
Incorporated in 2011, Mumbai based A B Infrabuild Limited is mainly engaged in providing Road Over Bridge (ROB ) and Foot Over Bridge (FOB) related services. The company also offers services in the area of new station infrastructure, civil & structural work, track formation, track linking, gauge conversion, and new railway lines. It is also involved in building road contracts, Infrastructure, and steel grinder bridges.
A B Infrabuild is a contractor with the PWD Maharashtra and the Municipal Corporation of Greater Mumbai. As a contractor, it has an AA grade for dealing with the creation of infrastructure and operating a ready mix concrete plant. Shri Amit Bholanath Mishra is the promoter of the company with more than 20-years of experience in the field.
The major customers of the company are GCC Hotel Private Ltd, Sky Way Infrastructure Private Limited, Krypton Corp, Dev Engineers, Dedicated Freight Corridor Corporation of India Ltd., Central Railway, Mumbai Metropolitan Region Development Authority, Western Railway, Mumbai Railway Vikas Corporation Ltd, and Municipal Corporation of Greater Mumbai. The order book of the company consists of around 52% of the orders with Western Railway.
The competitive strengths of the company are:
1. Cost efficient and quality services.
2. A long-standing relationship with the clients.
3. New techniques
4. Advanced machinery
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the Working Capital Requirements | 9.40 |
| 2 | General Corporate Purposes | 2.30 |
The AB Infrabuild IPO is subscribed 0.97 times on July 3, 2019 6:00:00 PM (Day 4). The public issue subscribed 0.74 times in the retail category, [.] times in the QIB category, and 1.2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.2 | 21,00,000 | 25,28,000 |
| Retail | 0.74 | 21,04,000 | 15,52,000 |
| Total | 0.97 | 42,04,000 | 40,80,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards underwriting, printing, advertising, and payment to other intermediaries such as Legal Advisors, Registrars, Bankers, etc. | 0.73 |
| 2 | Regulatory Fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.36 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹29.00 |
| Open | ₹29.00 |
| Low | ₹28.50 |
| High | ₹29.50 |
| Last Trade | ₹29.15 |
Lead Manager Reports
A B Infrabuild IPO is a SME IPO of 44,28,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹29 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Jun 28, 2019, and closes on Wed, Jul 3, 2019.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in A B Infrabuild IPO using UPI as a payment gateway. Zerodha customers can apply in A B Infrabuild IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in A B Infrabuild IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The A B Infrabuild IPO opens on Fri, Jun 28, 2019 and closes on Wed, Jul 3, 2019.
A B Infrabuild IPO lot size is 4000, and the minimum amount required for application is ₹1,16,000.
You can apply in A B Infrabuild 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 A B Infrabuild IPO will be done on Tuesday, July 9, 2019, and the allotted shares will be credited to your demat account by Wed, Jul 10, 2019. Check the A B Infrabuild IPO allotment status.
The A B Infrabuild IPO listing date is on Fri, Jul 12, 2019.
