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Advait Infratech SME IPO is a fixed price issue of Rs 6.89 crores. The issue is entirely a fresh issue of 13.5 lakh shares.
Advait Infratech SME IPO bidding started from September 15, 2020 and ended on September 18, 2020. The allotment for Advait Infratech SME IPO was finalized on Friday, September 25, 2020. The shares got listed on BSE SME on September 28, 2020.
Advait Infratech SME IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
Isk Advisors Pvt Ltd is the book running lead manager of the Advait Infratech SME IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Advait Infratech SME IPO RHP for detailed information.
IPO Date | September 15, 2020 to September 18, 2020 |
Listing Date | September 28, 2020 |
Face Value | ₹10 per share |
Price | ₹51 per share |
Lot Size | 2000 Shares |
Total Issue Size | 1,350,000 shares (aggregating up to ₹6.89 Cr) |
Fresh Issue | 1,350,000 shares (aggregating up to ₹6.89 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 3,750,000 |
Share holding post issue | 5,100,000 |
Market Maker portion | 68,000 shares |
Advait Infratech SME IPO offers 1,418,000 shares. 675,000 (47.60%) to NII, 675,000 (47.60%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 68,000 (4.80%) |
Other Shares Offered | 675,000 (47.60%) |
Retail Shares Offered | 675,000 (47.60%) |
Total Shares Offered | 1,418,000 (100%) |
Advait Infratech SME IPO opens on September 15, 2020, and closes on September 18, 2020.
IPO Open Date | Tuesday, September 15, 2020 |
IPO Close Date | Friday, September 18, 2020 |
Basis of Allotment | Friday, September 25, 2020 |
Initiation of Refunds | Monday, September 28, 2020 |
Credit of Shares to Demat | Tuesday, September 29, 2020 |
Listing Date | Monday, September 28, 2020 |
Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2020 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹102,000 |
Retail (Max) | 1 | 2000 | ₹102,000 |
Lot Size Calculator |
Mr. Shalin Sheth and Mrs. Rejal Sheth are the promoters of the company.
Share Holding Pre Issue | 99.99% |
Share Holding Post Issue | 73.51% |
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
Particulars | For the year/period ended (Rs in lakhs) | |||
---|---|---|---|---|
31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
Total Assets | 5,155.62 | 4,436.72 | 3,315.84 | |
Total Revenue | 4581.26 | 2,852.38 | 4,531.70 | |
Profit After Tax | 54.04 | 249.02 | 620.59 |
Company purposes utilizing the net IPO proceed towards following objectives;
1. To meet general working capital requirement of the business
2. To meet general corporate purposes
[Dilip Davda] AIL is in a highly competitive field of business. The issue is fully structured (based on issue expenses), and may sail through, but considering inconsistency in financial data and exorbitant pricing, there is no harm in giving this issue a miss. Read detail review...
The Advait Infratech SME IPO is subscribed 1.92 times on September 18, 2020 6:50:03 PM. 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) |
---|---|
Other | 1.53 |
Retail | 2.32 |
Total | 1.92 |
Listing Date | September 28, 2020 |
BSE Script Code | 543230 |
NSE Symbol | |
ISIN | INE0ALI01010 |
Final Issue Price | ₹51 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹51.00 |
₹51.95 |
₹51.25 |
₹54.50 |
₹51.55 |
Advait Infratech Limited
A-801 To 803 Sankalp Iconic, Opp. Vikram Nagar
Iscon Temple Cross Road, S.G Highway Ahmedabad,
Gujarat-380054
Phone: 91-79-48956677
Email: dipesh@advaitinfra.com
Website: http://www.advaitinfra.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ail.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Advait Infratech SME IPO is a SME IPO of 1,350,000 equity shares of the face value of ₹10 aggregating up to ₹6.89 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 15, 2020, and closes on September 18, 2020.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Advait Infratech SME IPO using UPI as a payment gateway. Zerodha customers can apply in Advait Infratech SME IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Advait Infratech SME IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Advait Infratech SME IPO opens on September 15, 2020 and closes on September 18, 2020.
Advait Infratech SME IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
You can apply in Advait Infratech SME 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 Advait Infratech SME IPO will be done on Friday, September 25, 2020, and the allotted shares will be credited to your demat account by Tuesday, September 29, 2020. Check the Advait Infratech SME IPO allotment status.
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