Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Advanced Sys-tek Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with SEBI on February 27, 2025.
Advanced Sys-tek Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on NSE and BSE. Inga Ventures Pvt.Ltd. was the book running lead manager and MUFG Intime India Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Feb 10, 2025 |
| Offer document withdrawn | Thu, Feb 27, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Iusse |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15.00% of the Net Issue |
Incorporated in March 1988, Advanced Sys-tek Limited offers solutions in instrumentation automation, terminal automation, and metering systems both in India and globally, boasting over 300 installations.
For 30 years, AST has provided design, engineering, procurement, project execution, supply, installation, software development, commissioning, after-sales support, and technical training.
The product portfolio of the company comprises of
As of September 30, 2024, the company has finished over 200 installations in India and other countries.
The company provides anti-icing additive systems for aircraft jet fuel and, through our subsidiary, manufactures diesel exhaust fluid (DEF).
The company has undertaken POL Terminal Automation projects in nine Asian and African countries, including Bangladesh, Ghana, Nigeria, Oman, Switzerland, and Saudi Arabia.
As of 30 September 2024, the Company had 172 permanent employees.
Competitive Strength
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 260.26 | 270.36 | 177.94 | 165.63 |
| Total Income | 108.86 | 192.15 | 142.27 | 141.16 |
| Profit After Tax | 12.15 | 19.22 | 13.17 | 6.99 |
| NET Worth | 198.20 | 187.10 | 127.12 | 114.11 |
| Reserves and Surplus | 178.97 | 183.90 | 124.32 | 111.30 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Capital Expenditure requirement | 9.31 |
| 2 | Funding the long term working capital requiremen | 70.00 |
| 3 | General corporate purposes |
| KPI | Mar 28, 2024 |
|---|---|
| ROE | 14.76% |
| ROCE | 20.27% |
| Debt/Equity | 0.02 |
| RoNW | 10.27% |
| PAT Margin | 10.21% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 82.57% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | |
| 2 | Brokerage, selling commission, bidding charges, processing fees for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs, Sponsor Banks | |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Fees payable to other advisors to the Offer | |
| 5 | Other expenses: (i) Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses; (ii) Printing and stationery; (iii) Advertising and marketing expenses; (iv) Fee payable to legal counsel, the statutory auditor, independent chartered accounts, independent chartered engineers; (v) Miscellaneous |
Lead Manager Reports
Advanced Sys-tek IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Advanced Sys-tek IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Advanced Sys-tek IPO using UPI as a payment gateway. Zerodha customers can apply in Advanced Sys-tek IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Advanced Sys-tek IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Advanced Sys-tek IPO dates are not announced. Please check back again after some time.
Advanced Sys-tek IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Advanced Sys-tek 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 Advanced Sys-tek IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Advanced Sys-tek IPO allotment status.
The Advanced Sys-tek IPO listing date is not yet announced. The tentative date of listing is .
