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 |
| Equity | 9,90,000 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
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets (in ₹ crores) | 3.62 | 0.27 | 0.14 |
| Total Revenue (in ₹ crores) | 2.36 | 0.73 | 0.06 |
| Total Expenses (in ₹ crores) | 2.20 | 0.68 | 0.06 |
| Net Profit (in ₹ crores) | 337.1 | 0.03 | 0.01 |
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.