A B Infrabuild Limited was incorporated in 2011.It is mainly engaged in providing Road Over Bridge (ROB ) and Foot Over Bridge (FOB) related services. The company also offers services in the area of new station infrastructure, civil & structural work, track formation, track linking, gauge conversion, and new railway lines. It is also involved in building road contracts, Infrastructure, and steel grinder bridges.
| Bidding Dates |
|---|
| 28 Jun 2019 - 03 Jul 2019 |
| Subscription |
|---|
| 0.97x Undersubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,16,000 | 1 | 1 | 4000 | 4.4 M | ₹29 | 65.05 % | ₹128.4 M | RHP DOC |
AB Infrabuild IPO SUBSCRIPTION STATUS
03 Jul '19AB Infrabuild IPO overall subscription rate was 0.97 times the total available shares
AB Infrabuild IPO retail subscription rate was 0.74 times in the retail segment
AB Infrabuild IPO non-institutional investor subscription rate was 1.2 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
01 Jul 2019 (Day 2) | 0.17x | 0.34x | - |
02 Jul 2019 (Day 3) | 0.25x | 0.34x | - |
03 Jul 2019 (Day 4) | 0.74x | 1.2x | - |
28 Jun 2019 (Day 1) | 0.03x | 0.19x | - |
AB Infrabuild FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 9MFY19 | 27.0 | 401.1 | 38.5 | 38.5 |
| FY18 | 31.5 | 605.3 | 65.2 | 52.2 |
| FY18 | 1.6 | 734.4 | 71.5 | 63.2 |
| FY17 | 3.3 | 745.3 | 113.1 | 111.1 |
AB Infrabuild IPO SUBSCRIPTION STATUS DETAILS
AB Infrabuild had 4.4 M shares on offer
AB Infrabuild IPO offer price was ₹29
AB Infrabuild IPO minimum Investment was ₹116000
AB Infrabuild IPO issue size was ₹ 128.4 M
AB Infrabuild had a minimum lot size of 4000 Shares per application
AB Infrabuild NUMBER OF SHARES ON OFFER
AB Infrabuild IPO IMPORTANT DATES
| Issue Open Date | 28 Jun 2019 |
| Issue close Date | 03 Jul 2019 |
| Allotment Date | 09 Jul 2019 |
| Refund Date | 10 Jul 2019 |
| Demat Account Credit Date | 10 Jul 2019 |
| Listing Date | 11 Jul 2019 |
| Listing on Exchange(s) | NSE |
| AB Infrabuild Allotment Status | Exchange |
AB Infrabuild IPO subscription opened on 28 Jun 2019, and closed on 03 Jul 2019
IPO allotment for AB Infrabuild was finalized on Tuesday, 09 Jul 2019
IPO listing for AB Infrabuild was on NSE on Thursday, 11 Jul 2019
AB Infrabuild IPO LISTING GAINS
| Issue Price (adjusted) | 2.9 |
| Listing Open Price | 29.0 |
| Listing Close Price | 29.1 |
| Listing Gain% | 0.0% |
| Current Gain% | 243.4% |
AB Infrabuild Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AB Infrabuild Ltd. | 10 | 12.6 | 32.9 | 1.6 | 2.5 | 11.4 | 5.3 | 259.5 | 23.6 | 19.3 | 20 | 0.3 | 20 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
AB Infrabuild INFORMATION ON IPO ISSUE
About AB Infrabuild
A B Infrabuild Limited was incorporated in 2011.It is mainly engaged in providing Road Over Bridge (ROB ) and Foot Over Bridge (FOB) related services. The company also offers services in the area of new station infrastructure, civil & structural work, track formation, track linking, gauge conversion, and new railway lines. It is also involved in building road contracts, Infrastructure, and steel grinder bridges.
Object of the Issue
- To meet the Working Capital Requirements
- General Corporate Purposes
AB Infrabuild - PROMOTERS
| Name |
|---|
| Amit Bholanath Mishra |
AB Infrabuild Lead Manager to the issue
Mark Corporate Advisors Private Limited
smeipo@markcorporateadvisors.com
AB Infrabuild Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
AB Infrabuild Strengths
Quality
The company delivers value and true worth to its clients through cost efficiency, timely delivery, technical expertise, and quality.
Transparency
The company maintains integrity and transparency in all dealings with stakeholders, including clients, employees and associates and executes several improvements in technology and conducts various training programs for employees and engineers
AB Infrabuild Risks
Involved in certain litigations
The company, promoter and directors are currently involved in certain litigation which is currently pending at various stages
Majority of revenues will be dependent on one customer
The majority of revenues will be dependent on one customer and a loss of such a customer could adversely affect business
IPO FAQs
The promoter of the company is Amit Bholanath Mishra.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 29.0 - 29.0.
The IPO application opens on Jun 28, 2019 and closes on Jul 03, 2019.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 116,000.0, the maximum value for this IPO is Rs 116,000.0.
This IPO will be allotted on Jul 09, 2019.
The refund will be credited to your account on Jul 10, 2019.
The allotted shares will be credited to your demat on Jul 10, 2019.
AB Infrabuild Ltd.’s shares listed on the stock exchanges on Jul 11, 2019.