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Nirmitee Robotics IPO is a fixed price issue of Rs 3.24 crores.
Nirmitee Robotics IPO bidding started from March 31, 2020 and ended on April 9, 2020. The allotment for Nirmitee Robotics IPO was finalized on Thursday, April 16, 2020. The shares got listed on BSE SME on April 21, 2020.
Nirmitee Robotics IPO price is ₹185 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹111,000.
Aryaman Financial Services Limited is the book running lead manager of the Nirmitee Robotics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
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 |
Price | ₹185 per share |
Lot Size | 600 Shares |
Total Issue Size | 175,200 shares (aggregating up to ₹3.24 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 424,998 |
Share holding post issue | 600,198 |
Market Maker portion | 9,600 shares |
Nirmitee Robotics IPO offers 175,200 shares. 82,800 (47.26%) to NII, 82,800 (47.26%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 9,600 (5.48%) |
Other Shares Offered | 82,800 (47.26%) |
Retail Shares Offered | 82,800 (47.26%) |
Total Shares Offered | 175,200 (100%) |
Nirmitee Robotics IPO opens on March 31, 2020, and closes on April 9, 2020.
IPO Open Date | Tuesday, March 31, 2020 |
IPO Close Date | Thursday, April 9, 2020 |
Basis of Allotment | Thursday, April 16, 2020 |
Initiation of Refunds | Friday, April 17, 2020 |
Credit of Shares to Demat | Monday, April 20, 2020 |
Listing Date | Tuesday, April 21, 2020 |
Cut-off time for UPI mandate confirmation | 5 PM on April 9, 2020 |
Investors can bid for a minimum of 600 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 | 600 | ₹111,000 |
Retail (Max) | 1 | 600 | ₹111,000 |
Lot Size Calculator |
Mr. Jay Prakash Motghare, Mr. Kartik Eknath Shende and Mr. Rajesh Narendra Admane are the promoters of the company.
Share Holding Pre Issue | 100% |
Share Holding Post Issue | 70.81% |
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 Rs 11.1 Cr.
Pre IPO | Post IPO | |
---|---|---|
P/E (x) | 185 |
The Objects of the Net Issue is to raise funds for:
1. Redemption of Preference Shares
2. Acquisition of Registered Office, R & D facility & assembling unit on a long term sustainable basis
3. General Corporate Purpose
[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...
The Nirmitee Robotics IPO is subscribed 1.15 times on April 9, 2020 6:49:26 PM. 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) |
---|---|
Other | 1.67 |
Retail | 0.63 |
Total | 1.15 |
Listing Date | April 21, 2020 |
BSE Script Code | 543194 |
NSE Symbol | |
ISIN | INE0CPQ01010 |
Final Issue Price | ₹185 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹185.00 |
₹189.00 |
₹187.00 |
₹189.00 |
₹189.00 |
Nirmitee Robotics India Ltd
C/o Manisha Sales,
D 3/2, Hingna MIDC,
Nagpur - 440028, Maharashtra
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
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Nirmitee Robotics IPO is a SME IPO of 175,200 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 Shares.
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 Shares, and the minimum amount required is ₹111,000.
You can apply in Nirmitee Robotics 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 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.
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