Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Tue, Jun 8, 2021 - Fri, Jun 11, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Jun 8, 2021
IPO Close
Fri, Jun 11, 2021
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹15.05 Cr
| IPO Date | 8 to 11 Jun, 2021 |
| Listed on | Mon, Jun 21, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 9,90,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 54,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.2700 Cr) |
| Fresh Issue (Ex Market Maker) | 9,36,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 9,36,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 20,20,785 shares |
| Share Holding Post Issue | 30,10,785 shares |
| NSE Symbol | AILIMITED |
| ISIN | INE0CAJ01017 |
Abhishek Integrations IPO comprises a total issue size of 9,90,000 shares. The net offer to the public is 9,36,000 shares, after excluding 54,000 shares allotted on a firm basis. Of the Net offer 4,68,000 (50.00%) allocated to NII 4,68,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,68,000 | 50.00% | 47.27% |
| Retail Shares Offered | 4,68,000 | 50.00% | 47.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 54,000 | 5.45% | |
| Total Shares Offered | 9,90,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Incremental Working Capital Requirements | 3.30 |
| 2 | General Corporate Purpose | 1.15 |
The Abhishek Integrations IPO is subscribed 10.5 times on June 11, 2021 5:00:00 PM (Day 4). The public issue subscribed 20.47 times in the retail category, [.] times in the QIB category, and 0.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.53 | 4,68,000 | 2,46,000 |
| Retail | 20.47 | 4,68,000 | 95,79,000 |
| Total | 10.5 | 9,36,000 | 98,25,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.26 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.13 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.02 |
| 5 | Payment for Printing and Distribution of Issue Stationaries | 0.01 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Two Years) | 0.06 |
| 8 | Escrow Bank Fees | 0.01 |
| Price Details | NSE |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹40.00 |
| Low | ₹38.00 |
| High | ₹40.00 |
| Last Trade | ₹38.00 |
Lead Manager Reports
Abhishek Integrations IPO is a SME IPO of 9,90,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Jun 8, 2021, and closes on Fri, Jun 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 Tue, Jun 8, 2021 and closes on Fri, Jun 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 Thu, Jun 17, 2021. Check the Abhishek Integrations IPO allotment status.
The Abhishek Integrations IPO listing date is on Mon, Jun 21, 2021.
