Abhishek Integrations Limited IPO IPO Detail
Incorporated in 2017, Abhishek Integrations Limited is a "Class A" Gujarat Governed contractor that is engaged in developing, operating, and maintenance of electrical and mechanical work and its installation at various airports in India.
Initially the company was engaged in the business of telecommunication and caballing work in BSNL but over the period, it has expanded its product portfolio and now, it is full fledge engaged in developing, operation & maintenance of LT & HT Electrical and Mechanical work and its installation at terminal building of airports, installing and maintenance of Fire fighting solutions, GLF/Airfield Lighting System, Substation including perimeter light fittings, and LT switchgears at Airports in India.
The firm has currently 24 ongoing projects of Airport Authority of India (AAI) located at Ahmedabad, Allahabad, Aurgabad, Bhopal, Gaya, Gondia, Indore, Jabalpur, Jaipur, Jaisalmer, Jamnagar, Madurai, Patna, Pune, Tezpur and Vadodara.
Competitive strengths
- More than 2 decades of experience in the industry.
- High-quality and cost-effective project delivery capabilities.
- Timely project execution.
- Strong long-term relationship with clients.
Company Promoters
Mr. Sanjay Narbada Dubey is the promoter of the company.IPO Details
| IPO Opening Date | Jun 08, 2021 |
| IPO Closing Date | Jun 11, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹50 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹4.95 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | x | x | x |
IPO Tentative Timetable
The Abhishek Integrations Limited IPO IPO open date is Jun 08, 2021, and the close date is Jun 11, 2021. The issue may list on Jun 21, 2021.
| IPO Open Date | Jun 08, 2021 |
| IPO Close Date | Jun 11, 2021 |
| Basis of Allotment Date | Jun 16, 2021 |
| Initiation of Refunds | Jun 17, 2021 |
| Credit of Shares to Demat Account | Jun 17, 2021 |
| IPO Listing Date | Jun 21, 2021 |
IPO Lot Size
The Abhishek Integrations Limited IPO IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹150000 |
| Maximum | 1 | 3000 | ₹150000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 67.12% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 362.24 | 235.57 | 11.89 |
| 31-Mar-20 | 27.37 | 73.01 | 3 |
| 31-Mar-19 | 14.42 | 5.69 | 0.14 |
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following purposes;
- To meet incremental working capital requirements.
- To meet general corporate purposes.
- To meet public issue expenses.
