Abhishek Integrations IPO will open for subscription from 08 June 2021. the company aims for an issue size of ₹4.95 Cr through this fixed price issue IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Abhishek Integrations Limited IPO
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, operating & maintenance of LT & HT Electrical and Mechanical work and its installation at the terminal building of airports, installing and maintenance of Fire fighting solutions, GLF/Airfield Lighting System, Substation including perimeter light fittings, and LT switch gears at Airports in India. The firm has currently 24 ongoing projects of Airport Authority of India (AAI) located at Ahmedabad, Allahabad, Aurangabad, Bhopal, Gaya, Gondia, Indore, Jabalpur, Jaipur, Jaisalmer, Jamnagar, Madurai, Patna, Pune, Tezpur, and Vadodara.
Objects of the Issue
- To meet incremental working capital requirements.
- For general corporate purposes.
- To meet public issue expenses.
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.
IPO Timetable
| IPO Open Date | 08 June 2021 |
| IPO Close Date | 11 June 2021 |
| Basis of Allotment Date | 16 June 2021 |
| Initiation of Refunds | 17 June 2021 |
| Credit of Shares to Demat Account | 17 June 2021 |
| IPO Listing Date | 21 June 2021 |
IPO Details
| 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 | 990,000 Eq Shares of ₹10 (aggregating up to ₹4.95 Cr) |
| Lot size | 3000 shares |
| Minimum application | 3000 shares |
| Maximum application | 3000 shares |
| Application amount | ₹150,000 |
Company Financials
| Particulars | For the year/period ended (₹ in lakh) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 362.24 | 27.37 | 14.42 |
| Total Revenue | 235.57 | 73.01 | 5.69 |
| Profit After Tax | 11.89 | 3 | 0.14 |
Company Promoters
- Mr. Sanjay Narbada Dubey
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 67.12% |
Lead manager
- Beeline Broking Ltd
Abhishek Integrations IPO Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: ail.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Company Contact Information
Abhishek Integrations Limited
Shop No. 8-Parulnagar Shopping Centre
Nr. Bhuyangdev Cross Road, Sola Road
Ghatlodia, Ahmedabad – 380061
Phone: 079- 27433369
Email: abhishekintegrationslimited@gmail.com
Website: http://www.abhishekintegrations.com/
Final thoughts
Abhishek Integrations IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
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