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AB Infrabuild IPO is a fixed price issue of Rs 12.84 crores. The issue is entirely a fresh issue of 44.28 lakh shares.
AB Infrabuild IPO bidding started from June 28, 2019 and ended on July 3, 2019. The allotment for AB Infrabuild IPO was finalized on Tuesday, July 9, 2019. The shares got listed on NSE SME on July 12, 2019.
AB Infrabuild IPO price is ₹29 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹116,000.
Mark Corporate Advisors Private Limited is the book running lead manager of the AB Infrabuild IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to AB Infrabuild IPO RHP for detailed information.
| IPO Date | June 28, 2019 to July 3, 2019 |
| Listing Date | July 12, 2019 |
| Face Value | ₹10 per share |
| Price | ₹29 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,428,000 shares (aggregating up to ₹12.84 Cr) |
| Fresh Issue | 4,428,000 shares (aggregating up to ₹12.84 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,241,447 |
| Share holding post issue | 12,669,447 |
| Market Maker portion | 224,000 shares |
AB Infrabuild IPO offers 4,428,000 shares. 2,100,000 (47.43%) to NII, 2,104,000 (47.52%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 224,000 (5.06%) |
| Other Shares Offered | 2,100,000 (47.43%) |
| Retail Shares Offered | 2,104,000 (47.52%) |
| Total Shares Offered | 4,428,000 (100%) |
AB Infrabuild IPO opens on June 28, 2019, and closes on July 3, 2019.
| IPO Open Date | Friday, June 28, 2019 |
| IPO Close Date | Wednesday, July 3, 2019 |
| Basis of Allotment | Tuesday, July 9, 2019 |
| Initiation of Refunds | Wednesday, July 10, 2019 |
| Credit of Shares to Demat | Wednesday, July 10, 2019 |
| Listing Date | Friday, July 12, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 3, 2019 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹116,000 |
| Retail (Max) | 1 | 4000 | ₹116,000 |
| Lot Size Calculator | |||
Mr Amit Bholanath Mishra is the promoter of the company.
| Share Holding Pre Issue | 90.99% |
| Share Holding Post Issue | 59.19% |
Incorporated in 2011, Mumbai based A B Infrabuild Limited is mainly engaged in providing Road Over Bridge (ROB ) and Foot Over Bridge (FOB) related services. The company also offers services in the area of new station infrastructure, civil & structural work, track formation, track linking, gauge conversion, and new railway lines. It is also involved in building road contracts, Infrastructure, and steel grinder bridges.
A B Infrabuild is a contractor with the PWD Maharashtra and the Municipal Corporation of Greater Mumbai. As a contractor, it has an AA grade for dealing with the creation of infrastructure and operating a ready mix concrete plant. Shri Amit Bholanath Mishra is the promoter of the company with more than 20-years of experience in the field.
The major customers of the company are GCC Hotel Private Ltd, Sky Way Infrastructure Private Limited, Krypton Corp, Dev Engineers, Dedicated Freight Corridor Corporation of India Ltd., Central Railway, Mumbai Metropolitan Region Development Authority, Western Railway, Mumbai Railway Vikas Corporation Ltd, and Municipal Corporation of Greater Mumbai. The order book of the company consists of around 52% of the orders with Western Railway.
The competitive strengths of the company are:
1. Cost efficient and quality services.
2. A long-standing relationship with the clients.
3. New techniques
4. Advanced machinery
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 7,965.00 | 8,142.61 | 7,502.92 | 6,264.89 | |
| Total Revenue | 4,011.04 | 6,053.05 | 7,344.47 | 7,452.76 | |
| Profit After Tax | 270.36 | 314.66 | 15.86 | 32.63 | |
The Objects of the Issue are:
1.) To meet the Working Capital Requirements
2.) General Corporate Purposes
[Dilip Davda]
With a focus on high margin railway contracts, the company is set for bright prospects ahead as Railway infra development is expected to be of high priority for the state of Maharashtra. Considering reasonable pricing and future prospects, Investors may consider parking of funds for long term.
Read detail review...The AB Infrabuild IPO is subscribed 0.97 times on July 3, 2019 6:00:00 PM. The public issue subscribed 0.74 times in the retail category, times in the QIB category, and 1.20 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.20 |
| Retail | 0.74 |
| Total | 0.97 |
| Listing Date | July 12, 2019 |
| BSE Script Code | |
| NSE Symbol | ABINFRA |
| ISIN | INE00YB01017 |
| Final Issue Price | ₹29 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹29.00 |
| ₹29.00 |
| ₹28.50 |
| ₹29.50 |
| ₹29.15 |
A B Infrabuild Limited
104, Shubhangan CHS Ltd,
Jawahar Nagar, Near Railway Crossing,
Goregaon (West), Mumbai-400 062
Phone: +91 22 2871 2113/14
Email: cs@abinfrabuild.com
Website: http://www.abinfrabuild.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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AB Infrabuild IPO is a SME IPO of 4,428,000 equity shares of the face value of ₹10 aggregating up to ₹12.84 Crores. The issue is priced at ₹29 per share. The minimum order quantity is 4000 Shares.
The IPO opens on June 28, 2019, and closes on July 3, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The AB Infrabuild IPO opens on June 28, 2019 and closes on July 3, 2019.
AB Infrabuild IPO lot size is 4000 Shares, and the minimum amount required is ₹116,000.
You can apply in AB Infrabuild IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for AB Infrabuild IPO will be done on Tuesday, July 9, 2019, and the allotted shares will be credited to your demat account by Wednesday, July 10, 2019. Check the AB Infrabuild IPO allotment status.
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RHP
IPO Guru (2200+ Posts, 1100+ Likes)
Top Contributor (400+ Posts, 400+ Likes)
not a bad listing in such a Market.
will hold