The initial public offering (IPO) of Abhishek Integration Ltd will open on 8 June and close on 11 June. The firm plans to issue 9.9 lakh shares at a price of Rs50 apiece, aiming to Rs4.95 crore. The issue comprises up to 54,000 shares for market participants and remaining 9.36 lakh shares will be referred as net issue.
The proceeds from the IPO will be used for incremental working capital requirements and general corporate purpose. As on March 2021, the company's net working capital requirement on restated basis was Rs2.71 crore, with FY22's requirement estimated at Rs7.52 crore. For fiscal 2021, the company reported a revenue of Rs2.76 crore compared with Rs85.86 lakh a year ago, while net income was at Rs11.89 lakh, up from Rs3 lakh in the previous year.
Abhishek Integration is engaged in developing, operating, maintaining electrical and mechanical works and installations at airport terminals. It instals and maintains fire fighting solutions as a system integrator, and undertakes operation and maintenance of airfield lighting system, including perimeter light fittings at airports.
Abhishek Integrations IPO Details
| IPO Opening Date | Jun 8, 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 | 990,000 Eq Shares of ₹10 (aggregating up to ₹4.95 Cr) |
Abhishek Integrations IPO Lot Size
The Abhishek Integrations IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹150,000 |
| Maximum | 1 | 3000 | ₹150,000 |
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.
Abhishek Integrations 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 |
Abhishek Integrations IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 67.12% |
About Abhishek Integrations
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.
Abhishek Integrations IPO Prospectus
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/
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
Abhishek Integrations IPO Lead Manager(s)
- Beeline Broking Ltd
Abhishek Integrations IPO FAQs
When Abhishek Integrations IPO will open for NII and Retail?
The IPO is to open on 08 June 2021 for NII, and Retail Investors.
What is Abhishek Integrations IPO Investors Portion?
The investors' portion for QIB-0%, NII-0%, and Retail 0%.
How to Apply theAbhishek Integrations IPO?
You can apply Abhishek Integrations IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Abhishek Integrations IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "Abhishek Integrations". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
What is Abhishek Integrations IPO Size?
Abhishek Integrations IPO size is ₹04.95 crore.
What is Abhishek Integrations IPO Price Band?
Abhishek Integrations IPO Price Band is ₹50.
What is Abhishek Integrations IPO Minimum and Maximum Lot Size?
The minimum bid is 3000 Shares with ₹150000 amount while maximum bid is 3000 shares with ₹150000.
What is Abhishek Integrations IPO Allotment Date?
Abhishek Integrations IPO allotment date is 2021.
What is Abhishek Integrations IPO Listing Date?
Abhishek Integrations IPO listing date is 2021. The IPO to list on NSE SME platform.
