Abhishek Integrations Limited IPO

Abhishek Integrations IPO: All you need to know

Abhishek Integrations Limited – a Gujarat-based “A Class” contractor, will hit the market on Tuesday, June 8, 2021, and close on Friday 11th June 2021 to raise Rs 4.95 crores through an Initial Public Offering (IPO) of its units. The company has set the IPO date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of the Abhishek Integrations IPO.

Abhishek Integrations IPO Date & Price Band

IPO Open:8 June 2021
IPO Close:11 June 2021
Issue Type:Fixed Price Issue IPO
IPO Size:Approx ₹4.95 Crores
Face Value:₹10 Per Equity Share
Price Band:₹50 Per Equity Share
Listing on:NSE SME
Equity9,90,000 Shares

Abhishek Integrations IPO Market Lot

Minimum Lot Size:Minimum 3000 Shares
Minimum Amount:₹1,50,000
Minimum Lot Size:Maximum 3000 Shares
Minimum Amount:₹1,50,000

Abhishek Integrations IPO Allotment & Listing

Basis of Allotment:16 June 2021
Refunds:17 June 2021
Credit to Demat Account:17 June 2021
Listing Date:21 June 2021

Financials of Abhishek Integrations

Total Assets (in ₹ crores)3.620.270.14
Total Revenue (in ₹ crores)2.360.730.06
Total Expenses (in ₹ crores)2.200.680.06
Net Profit (in ₹ crores)337.10.030.01

About Abhishek Integrations Limited

Abhishek Integrations Limited, founded in 2017, is a “Class A” Gujarat-based contractor that specialises in the development, operation, and maintenance of mechanical and electrical work as well as its installation at various airports around India.

Initially, the company was involved in telecommunication and cabling work for BSNL, but over time, it has broadened its product portfolio and is now fully engaged in developing, operating, and maintaining LT & HT Electrical and Mechanical work and its installation at airport terminal buildings, as well as installing and maintaining GLF/Airfield Lighting System, Fire Fighting Solutions, Substation including perimeter light fittings and LT switch gears at various airports around India.

Ahmedabad, Allahabad, Aurangabad, Bhopal, Gaya, Gondia, Indore, Jabalpur, Jaipur, Jaisalmer, Jamnagar, Madurai, Patna, Pune, Tezpur, and Vadodara are some of the 24 ongoing Airport Authority of India (AAI) projects.

Objective of the Issue:

The company plans to use the funds from the IPO for the following purposes:

  • To meet the need for additional working capital.
  • To fulfil general corporate objectives.
  • To cover the costs of a public issue.

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