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Abhishek Integrations IPO is a fixed price issue of ₹4.95 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹4.95 crore.
Abhishek Integrations IPO bidding started from Jun 8, 2021 and ended on Jun 11, 2021. The allotment for Abhishek Integrations IPO was finalized on Jun 16, 2021. The shares got listed on NSE SME on Jun 21, 2021.
Abhishek Integrations IPO price is ₹50.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
Beeline Broking Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Abhishek Integrations IPO RHP for detailed Information.
| IPO Date | June 8, 2021 to June 11, 2021 |
| Listing Date | June 21, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 9,90,000 shares (aggregating up to ₹4.95 Cr) |
| Reserved for Market Maker | 54,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.2700 Cr) |
| Net Offered to Public | 9,36,000 shares (aggregating up to ₹4.68 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 20,20,785 shares |
| Share Holding Post Issue | 30,10,785 shares |
Abhishek Integrations IPO offers total 9,90,000 shares. Out of which 4,68,000 (47.27%) allocated to NII, 4,68,000 (47.27%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 54,000 (5.45%) |
| NII (HNI) Shares Offered | 4,68,000 (47.27%) |
| Retail Shares Offered | 4,68,000 (47.27%) |
| Total Shares Offered | 9,90,000 (100.00%) |
Abhishek Integrations IPO opens on June 8, 2021, and closes on June 11, 2021.
| IPO Open Date | Tue, Jun 8, 2021 |
| IPO Close Date | Fri, Jun 11, 2021 |
| Tentative Allotment | Wed, Jun 16, 2021 |
| Initiation of Refunds | Thu, Jun 17, 2021 |
| Credit of Shares to Demat | Thu, Jun 17, 2021 |
| Tentative Listing Date | Mon, Jun 21, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 11, 2021 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2017, Abhishek Integrations Limited is a "Class A" Gujarat Governed contractor that is engaged in developing, operating, and maintenance of electrical and mechanical work and its installation at various airports in India.
Initially the company was engaged in the business of telecommunication and caballing work in BSNL but over the period, it has expanded its product portfolio and now, it is full fledge engaged in developing, operation & maintenance of LT & HT Electrical and Mechanical work and its installation at terminal building of airports, installing and maintenance of Fire fighting solutions, GLF/Airfield Lighting System, Substation including perimeter light fittings, and LT switchgears at Airports in India.
The firm has currently 24 ongoing projects of Airport Authority of India (AAI) located at Ahmedabad, Allahabad, Aurgabad, Bhopal, Gaya, Gondia, Indore, Jabalpur, Jaipur, Jaisalmer, Jamnagar, Madurai, Patna, Pune, Tezpur and Vadodara.
Competitive strengths
| Particulars | For the year/period ended (₹ in lakh) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 362.24 | 27.37 | 14.42 | ||
| Total Revenue | 235.57 | 73.01 | 5.69 | ||
| Profit After Tax | 11.89 | 3 | 0.14 | ||
The Company Abhishek Integrations 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 Incremental Working Capital Requirements | 3.30 |
| 2 | General Corporate Purpose | 1.15 |
[Dilip Davda] Considering its minuscule financial performance and the market cap in relation to its top line, the issue is priced exorbitantly. On other parameters to it is highly overpriced. Hence, investors may ignore this issue. Read detail review...
| Listing Date | June 21, 2021 |
| BSE Script Code | |
| NSE Symbol | AILIMITED |
| ISIN | INE0CAJ01017 |
| Final Issue Price | ₹50 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹40.00 |
| Low | ₹38.00 |
| High | ₹40.00 |
| Last Trade | ₹38.00 |
Abhishek Integrations Ltd.
Shop No. 8-Parulnagar Shopping Centre
Nr. Bhuyangdev Cross Road, Sola Road
Ghatlodia,
Ahmedabad, Gujarat, 380061
Phone: 079- 27433369
Email: abhishekintegrationslimited@gmail.com
Website: http://www.abhishekintegrations.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: ail.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Abhishek Integrations IPO is a SME IPO of 9,90,000 equity shares of the face value of ₹10 aggregating up to ₹4.95 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on June 8, 2021, and closes on June 11, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Abhishek Integrations IPO using UPI as a payment gateway. Zerodha customers can apply in Abhishek Integrations IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Abhishek Integrations IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Abhishek Integrations IPO opens on June 8, 2021 and closes on June 11, 2021.
Abhishek Integrations IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Abhishek Integrations 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 Abhishek Integrations IPO will be done on Wednesday, June 16, 2021, and the allotted shares will be credited to your demat account by Thursday, June 17, 2021. Check the Abhishek Integrations IPO allotment status.
The Abhishek Integrations IPO listing date is on Monday, June 21, 2021.
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