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Advait Infratech IPO is a fixed price issue of ₹6.89 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹6.89 crore.
Advait Infratech IPO bidding started from Sep 15, 2020 and ended on Sep 18, 2020. The allotment for Advait Infratech IPO was finalized on Sep 25, 2020. The shares got listed on BSE SME on Sep 28, 2020.
Advait Infratech IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
ISK Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Advait Infratech IPO RHP for detailed Information.
| IPO Date | September 15, 2020 to September 18, 2020 |
| Listing Date | September 28, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,50,000 shares (aggregating up to ₹6.89 Cr) |
| Reserved for Market Maker | 68,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.3468 Cr) |
| Net Offered to Public | 12,82,000 shares (aggregating up to ₹6.54 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 37,50,000 shares |
| Share Holding Post Issue | 51,00,000 shares |
Advait Infratech SME IPO offers total 13,50,000 shares. Out of which 6,41,000 (47.48%) allocated to NII, 6,41,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 68,000 (5.04%) |
| NII (HNI) Shares Offered | 6,41,000 (47.48%) |
| Retail Shares Offered | 6,41,000 (47.48%) |
| Total Shares Offered | 13,50,000 (100.00%) |
Advait Infratech IPO opens on September 15, 2020, and closes on September 18, 2020.
| IPO Open Date | Tue, Sep 15, 2020 |
| IPO Close Date | Fri, Sep 18, 2020 |
| Tentative Allotment | Fri, Sep 25, 2020 |
| Initiation of Refunds | Mon, Sep 28, 2020 |
| Credit of Shares to Demat | Tue, Sep 29, 2020 |
| Tentative Listing Date | Mon, Sep 28, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 18, 2020 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, The Ahmedabad-based Advait Infratech Limited company operates in the power infrastructure industry. The business has various verticals including Turnkey Telecommunication Projects, power transmission installation, Power substation, and telecom products, Liasioning-marketing, and many others to meet the demand of the power sector.
Till Sep 2020, the company has completed 100+ projects and has a clientele base of 100+ customers across the world. Cobra, Jindal Steel & Power, Siemens, Sterlite Power, Tata Projects Ltd, JSW Energy, KEC International Ltd, Kalpataru Power Transmission Ltd, NSG Group, NCC are some of its clients. Company has nationwide footprints through affiliated members in Delhi, Kolkata, Ahmedabad, Chennai, Baroda, Hyderabad, and Mumbai.
In 2019, Advait infratech has established an OPGW (Optical Fibre Ground Wire) and OFC cable manufacturing unit in Sanand, Gujarat through a joint venture with TG Group, a leading OFC manufacturer in China.
Product Portfolio
Competitive strengths
| Particulars | For the year/period ended (Rs in lakhs) | |||
|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 5,155.62 | 4,436.72 | 3,315.84 | |
| Total Revenue | 4581.26 | 2,852.38 | 4,531.70 | |
| Profit After Tax | 54.04 | 249.02 | 620.59 | |
The Company Advait Infratech 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 | Working Capital Requirement | 4.65 |
| 2 | General Corporate Purpose | 1.54 |
[Dilip Davda] AIL is in a highly competitive field of business. The issue is fully structured (based on issue expenses), and may sail through, but considering inconsistency in financial data and exorbitant pricing, there is no harm in giving this issue a miss. Read detail review...
| Listing Date | September 28, 2020 |
| BSE Script Code | 543230 |
| NSE Symbol | |
| ISIN | INE0ALI01010 |
| Final Issue Price | ₹51 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹51.95 |
| Low | ₹51.25 |
| High | ₹54.50 |
| Last Trade | ₹51.55 |
Advait Infratech Ltd.
A-801 To 803 Sankalp Iconic, Opp. Vikram Nagar
Iscon Temple Cross Road,
S.G Highway
Ahmedabad, Gujarat, 380054
Phone: 91-79-48956677
Email: dipesh@advaitinfra.com
Website: http://www.advaitinfra.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ail.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Advait Infratech IPO is a SME IPO of 13,50,000 equity shares of the face value of ₹10 aggregating up to ₹6.89 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on September 15, 2020, and closes on September 18, 2020.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Advait Infratech IPO using UPI as a payment gateway. Zerodha customers can apply in Advait Infratech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Advait Infratech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Advait Infratech IPO opens on September 15, 2020 and closes on September 18, 2020.
Advait Infratech IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Advait Infratech 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 Advait Infratech IPO will be done on Friday, September 25, 2020, and the allotted shares will be credited to your demat account by Tuesday, September 29, 2020. Check the Advait Infratech IPO allotment status.
The Advait Infratech IPO listing date is on Monday, September 28, 2020.
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