Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Tue, Sep 15, 2020 - Fri, Sep 18, 2020
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Sep 15, 2020
IPO Close
Fri, Sep 18, 2020
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹26.01 Cr
| IPO Date | 15 to 18 Sep, 2020 |
| Listed on | Mon, Sep 28, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 13,50,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 68,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.3468 Cr) |
| Fresh Issue (Ex Market Maker) | 12,82,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 12,82,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 37,50,000 shares |
| Share Holding Post Issue | 51,00,000 shares |
| BSE Script Code | 543230 ADVAIT |
| ISIN | INE0ALI01010 |
Advait Infratech IPO comprises a total issue size of 13,50,000 shares. The net offer to the public is 12,82,000 shares, after excluding 68,000 shares allotted on a firm basis. Of the Net offer 6,41,000 (50.00%) allocated to NII 6,41,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,41,000 | 50.00% | 47.48% |
| Retail Shares Offered | 6,41,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 68,000 | 5.04% | |
| Total Shares Offered | 13,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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
| 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 | Working Capital Requirement | 4.65 |
| 2 | General Corporate Purpose | 1.54 |
The Advait Infratech SME IPO is subscribed 1.92 times on September 18, 2020 6:50:03 PM (Day 4). The public issue subscribed 2.32 times in the retail category, [.] times in the QIB category, and 1.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.53 | 6,75,000 | 10,30,000 |
| Retail | 2.32 | 6,75,000 | 15,64,000 |
| Total | 1.92 | 13,50,000 | 25,94,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.65 |
| 2 | Brokerage and selling commission | 0.01 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.01 |
| 4 | Advertisement and Marketing Expenses | 0.01 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹51.95 |
| Low | ₹51.25 |
| High | ₹54.50 |
| Last Trade | ₹51.55 |
Lead Manager Reports
Advait Infratech IPO is a SME IPO of 13,50,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Sep 15, 2020, and closes on Fri, Sep 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 Tue, Sep 15, 2020 and closes on Fri, Sep 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 Tue, Sep 29, 2020. Check the Advait Infratech IPO allotment status.
The Advait Infratech IPO listing date is on Mon, Sep 28, 2020.
