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Nirmitee Robotics IPO is a fixed price issue of ₹3.24 crores. The issue is entirely a fresh issue of 0.02 crore shares of ₹3.24 crore.
Nirmitee Robotics IPO bidding started from Mar 31, 2020 and ended on Apr 9, 2020. The allotment for Nirmitee Robotics IPO was finalized on Apr 16, 2020. The shares got listed on BSE SME on Apr 21, 2020.
Nirmitee Robotics IPO price is ₹185.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹1,11,000 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,22,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Nirmitee Robotics IPO RHP for detailed Information.
| IPO Date | March 31, 2020 to April 9, 2020 |
| Listing Date | April 21, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹185 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,75,200 shares (aggregating up to ₹3.24 Cr) |
| Reserved for Market Maker | 9,600 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.1776 Cr) |
| Net Offered to Public | 1,65,600 shares (aggregating up to ₹3.06 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 4,24,998 shares |
| Share Holding Post Issue | 6,00,198 shares |
Nirmitee Robotics IPO offers total 1,75,200 shares. Out of which 82,800 (47.26%) allocated to NII, 82,800 (47.26%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 9,600 (5.48%) |
| NII (HNI) Shares Offered | 82,800 (47.26%) |
| Retail Shares Offered | 82,800 (47.26%) |
| Total Shares Offered | 1,75,200 (100.00%) |
Nirmitee Robotics IPO opens on March 31, 2020, and closes on April 9, 2020.
| IPO Open Date | Tue, Mar 31, 2020 |
| IPO Close Date | Thu, Apr 9, 2020 |
| Tentative Allotment | Thu, Apr 16, 2020 |
| Initiation of Refunds | Fri, Apr 17, 2020 |
| Credit of Shares to Demat | Mon, Apr 20, 2020 |
| Tentative Listing Date | Tue, Apr 21, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 9, 2020 |
Investors can bid for a minimum of 600 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 | 600 | ₹1,11,000 |
| Retail (Max) | 1 | 600 | ₹1,11,000 |
| HNI (Min) | 2 | 1,200 | ₹2,22,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2016, Nirmitee Robotics India Ltd makes robots using robotic technology to offer ozone sterilization and HVAC duct cleaning services. It has customized robots that are controlled by machines to scrub, polish, scrap, remove dust, bacteria, and debris and to sanitize the duct for more months.
The company has patented duct cleaning robots to do cleaning, inspection, and post-cleaning operations. These robots have an advanced controller mechanism along with a high-resolution camera.
Nirmitee Robotics serves a wide range of industries such as convention centers, trains, hospitals, offices, and builds house sensitive equipment such as data centers. It is an ISO certified company to implement a quality management system and work across different regions.
Competitive Strengths
1. Advanced Technology
2. Positive Social and Environmental Impact
3. Qualified Management Team
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 225.22 | 238.65 | 105.99 | 12.37 | |
| Total Revenue | 99.84 | 203.59 | 70.22 | 5.91 | |
| Profit After Tax | 2.63 | 20.73 | 2.16 | 0.53 | |
The market capitalization of Nirmitee Robotics IPO is ₹11.10 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 185 |
The Company Nirmitee Robotics 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 | Redemption of Preference Shares | 1.75 |
| 2 | Security Deposit towards acquisition of Registered Office, R & D facility & assembling unit | 1.00 |
| 3 | General Corporate Purpose | 0.08 |
[Dilip Davda] Financial performance so far has been lacklustre. Company is planning to redeem preference shares of promoters and arrange security deposits for the premises from the new investors' money with exorbitantly priced IPO. Post issue paid-up equity indicates long gestation for mainboard migration. LM has an average track record. Simply stay away from this high priced offer. Read detail review...
| Listing Date | April 21, 2020 |
| BSE Script Code | 543194 |
| NSE Symbol | |
| ISIN | INE0CPQ01010 |
| Final Issue Price | ₹185 per share |
| BSE Listing Group | TS |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹185.00 |
| Open | ₹189.00 |
| Low | ₹187.00 |
| High | ₹189.00 |
| Last Trade | ₹189.00 |
Nirmitee Robotics India Ltd.
C/o Manisha Sales,
D 3/2,
Hingna MIDC,
Nagpur, Maharashtra, 440028
Phone: +91 9422881677
Email: info@nirmiteerobotics.com
Website: http://www.nirmiteerobotics.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Nirmitee Robotics IPO is a SME IPO of 1,75,200 equity shares of the face value of ₹10 aggregating up to ₹3.24 Crores. The issue is priced at ₹185 per share. The minimum order quantity is 600.
The IPO opens on March 31, 2020, and closes on April 9, 2020.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Nirmitee Robotics IPO using UPI as a payment gateway. Zerodha customers can apply in Nirmitee Robotics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nirmitee Robotics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nirmitee Robotics IPO opens on March 31, 2020 and closes on April 9, 2020.
Nirmitee Robotics IPO lot size is 600, and the minimum amount required for application is ₹1,11,000.
You can apply in Nirmitee Robotics 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 Nirmitee Robotics IPO will be done on Thursday, April 16, 2020, and the allotted shares will be credited to your demat account by Monday, April 20, 2020. Check the Nirmitee Robotics IPO allotment status.
The Nirmitee Robotics IPO listing date is on Tuesday, April 21, 2020.
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