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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 ₹29.00 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). The minimum lot size investment for 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 Date | June 28, 2019 to July 3, 2019 |
| Listing Date | July 12, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹29 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 44,28,000 shares (aggregating up to ₹12.84 Cr) |
| Reserved for Market Maker | 2,24,000 shares Asnani Stock Broker Pvt.Ltd. (aggregating up to ₹0.6496 Cr) |
| Net Offered to Public | 42,04,000 shares (aggregating up to ₹12.19 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 82,41,447 shares |
| Share Holding Post Issue | 1,26,69,447 shares |
AB Infrabuild IPO offers total 44,28,000 shares. Out of which 21,00,000 (47.43%) allocated to NII, 21,04,000 (47.52%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,24,000 (5.06%) |
| NII (HNI) Shares Offered | 21,00,000 (47.43%) |
| Retail Shares Offered | 21,04,000 (47.52%) |
| Total Shares Offered | 44,28,000 (100.00%) |
A B Infrabuild IPO opens on June 28, 2019, and closes on July 3, 2019.
| IPO Open Date | Fri, Jun 28, 2019 |
| IPO Close Date | Wed, Jul 3, 2019 |
| Tentative Allotment | Tue, Jul 9, 2019 |
| Initiation of Refunds | Wed, Jul 10, 2019 |
| Credit of Shares to Demat | Wed, Jul 10, 2019 |
| Tentative Listing Date | Fri, Jul 12, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jul 3, 2019 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 7,965.00 | 8,142.61 | 7,502.92 | 6,264.89 | |
| Total Revenue | 4,011.04 | 6,053.05 | 7,344.47 | 7,452.76 | |
| Profit After Tax | 270.36 | 314.66 | 15.86 | 32.63 | |
The Company A B Infrabuild IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet the Working Capital Requirements | 9.40 |
| 2 | General Corporate Purposes | 2.30 |
[Dilip Davda] <p><strong>With a focus on high margin railway contracts, the company is set for bright prospects ahead as Railway infra development is expected to be of high priority for the state of Maharashtra. Considering reasonable pricing and future prospects, Investors may consider parking of funds for long term. </strong></p> Read detail review...
| Listing Date | July 12, 2019 |
| BSE Script Code | |
| NSE Symbol | ABINFRA |
| ISIN | INE00YB01017 |
| Final Issue Price | ₹29 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹29.00 |
| Open | ₹29.00 |
| Low | ₹28.50 |
| High | ₹29.50 |
| Last Trade | ₹29.15 |
A B Infrabuild Ltd.
104, Shubhangan CHS Ltd,
Jawahar Nagar, Near Railway Crossing,
Goregaon (West),
Mumbai, Maharashtra, 400062
Phone: +91 22 2871 2113/14
Email: cs@abinfrabuild.com
Website: http://www.abinfrabuild.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
A B Infrabuild IPO is a SME IPO of 44,28,000 equity shares of the face value of ₹10 aggregating up to ₹12.84 Crores. The issue is priced at ₹29 per share. The minimum order quantity is 4000.
The IPO opens on June 28, 2019, and closes on July 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 June 28, 2019 and closes on July 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 Wednesday, July 10, 2019. Check the A B Infrabuild IPO allotment status.
The A B Infrabuild IPO listing date is on Friday, July 12, 2019.
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