Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Tue, Mar 31, 2020 - Thu, Apr 9, 2020
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 31, 2020
IPO Close
Thu, Apr 9, 2020
Issue Price
₹185 per share
Market Cap (Pre-IPO)
₹11.10 Cr
| IPO Date | 31 Mar to 9 Apr, 2020 |
| Listed on | Tue, Apr 21, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹185 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 1,75,200 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 9,600 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.1776 Cr) |
| Fresh Issue (Ex Market Maker) | 1,65,600 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 1,65,600 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 4,24,998 shares |
| Share Holding Post Issue | 6,00,198 shares |
| BSE Script Code | 543194 |
| ISIN | INE0CPQ01010 |
Nirmitee Robotics IPO comprises a total issue size of 1,75,200 shares. The net offer to the public is 1,65,600 shares, after excluding 9,600 shares allotted on a firm basis. Of the Net offer 82,800 (50.00%) allocated to NII 82,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 82,800 | 50.00% | 47.26% |
| Retail Shares Offered | 82,800 | 50.00% | 47.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 9,600 | 5.48% | |
| Total Shares Offered | 1,75,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
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
| 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 | 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 185 | |
| Promoter Holding | 100% | 70.81% |
| Market Cap | ₹11.10 Cr. |
The Nirmitee Robotics IPO is subscribed 1.15 times on April 9, 2020 6:49:26 PM (Day 8). The public issue subscribed 0.63 times in the retail category, [.] times in the QIB category, and 1.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.67 | 82,800 | 1,38,600 |
| Retail | 0.63 | 82,800 | 52,200 |
| Total | 1.15 | 1,65,600 | 1,90,800 |
| # | 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. | 0.36 |
| 2 | Brokerage and selling commission | 0.00 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.01 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹185.00 |
| Open | ₹189.00 |
| Low | ₹187.00 |
| High | ₹189.00 |
| Last Trade | ₹189.00 |
Lead Manager Reports
Nirmitee Robotics IPO is a SME IPO of 1,75,200 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹185 per share. The minimum order quantity is 600.
The IPO opens on Tue, Mar 31, 2020, and closes on Thu, Apr 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 Tue, Mar 31, 2020 and closes on Thu, Apr 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 Mon, Apr 20, 2020. Check the Nirmitee Robotics IPO allotment status.
The Nirmitee Robotics IPO listing date is on Tue, Apr 21, 2020.
