Nirmitee Robotics India Ltd makes robots using robotic technology to offer ozone sterilization and HVAC duct cleaning services. It has customized robots that are controlled by machines to scrub, polish, scrap, remove dust, bacteria, and debris and to sanitize the duct for more months.
| Bidding Dates |
|---|
| 31 Mar 2020 - 09 Apr 2020 |
| Subscription |
|---|
| 1.15x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,11,000 | 1 | 1 | 600 | 175.2 K | ₹185 | 70.81 % | ₹32.4 M | RHP DOC |
Nirmitee Robotics IPO SUBSCRIPTION STATUS
09 Apr '20Nirmitee Robotics IPO overall subscription rate was 1.15 times the total available shares
Nirmitee Robotics IPO retail subscription rate was 0.63 times in the retail segment
Nirmitee Robotics IPO non-institutional investor subscription rate was 1.67 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
07 Apr 2020 (Day 6) | 0.2x | 1.06x | - |
08 Apr 2020 (Day 7) | 0.41x | 1.41x | - |
09 Apr 2020 (Day 8) | 0.63x | 1.67x | - |
01 Apr 2020 (Day 2) | 0.01x | 0.12x | - |
02 Apr 2020 (Day 3) | 0.01x | 0.12x | - |
03 Apr 2020 (Day 4) | 0.15x | 0.46x | - |
06 Apr 2020 (Day 5) | 0.15x | 0.46x | - |
31 Mar 2020 (Day 1) | 0x | 0.12x | - |
Nirmitee Robotics 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) |
| 6MFY20 | 0.3 | 9.9 | 7.8 | 7.6 |
| FY19 | 2.1 | 20.3 | -12.9 | -13.0 |
| FY18 | 0.2 | 7.0 | -0.6 | -2.8 |
| FY17 | 0.1 | 0.6 | 0.2 | -0.5 |
Nirmitee Robotics IPO SUBSCRIPTION STATUS DETAILS
Nirmitee Robotics had 175.2 K shares on offer
Nirmitee Robotics IPO offer price was ₹185
Nirmitee Robotics IPO minimum Investment was ₹111000
Nirmitee Robotics IPO issue size was ₹ 32.4 M
Nirmitee Robotics had a minimum lot size of 600 Shares per application
Nirmitee Robotics NUMBER OF SHARES ON OFFER
Nirmitee Robotics IPO IMPORTANT DATES
| Issue Open Date | 31 Mar 2020 |
| Issue close Date | 09 Apr 2020 |
| Allotment Date | 16 Apr 2020 |
| Refund Date | 17 Apr 2020 |
| Demat Account Credit Date | 20 Apr 2020 |
| Listing Date | 21 Apr 2020 |
| Listing on Exchange(s) | BSE |
| Nirmitee Robotics Allotment Status | Exchange |
Nirmitee Robotics IPO subscription opened on 31 Mar 2020, and closed on 09 Apr 2020
IPO allotment for Nirmitee Robotics was finalized on Thursday, 16 Apr 2020
IPO listing for Nirmitee Robotics was on BSE on Tuesday, 21 Apr 2020
Nirmitee Robotics IPO LISTING GAINS
| Issue Price (adjusted) | 185.0 |
| Listing Open Price | 189.0 |
| Listing Close Price | 189.0 |
| Listing Gain% | 2.2% |
| Current Gain% | -37.8% |
Nirmitee Robotics INFORMATION ON IPO ISSUE
About Nirmitee Robotics
Nirmitee Robotics India Ltd makes robots using robotic technology to offer ozone sterilization and HVAC duct cleaning services. It has customized robots that are controlled by machines to scrub, polish, scrap, remove dust, bacteria, and debris and to sanitize the duct for more months.
Object of the Issue
- Redemption of Preference Shares,
- Acquisition of Registered Office, R & D facility & assembling unit on a long-term sustainable basis,
- General Corporate Purpose,
Nirmitee Robotics - PROMOTERS
| Name |
|---|
| Jay Prakash Motghare |
| Kartik Eknath Shende |
| Rajesh Narendra Admane |
Nirmitee Robotics Lead Manager to the Issue
Aryaman Financial Services Limited
ipo@afsl.co.in
Nirmitee Robotics Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Nirmitee Robotics Strengths
Qualified Management Team
Promoters have significant industry experience and have been instrumental in the consistent growth of the Company
Technology
The company has robust and comprehensive on-site and back office processes for operational excellence
Positive Environmental and social Impact
Indoor air quality is also one of the concerns along with outdoor air quality. Over time, HVAC Air Ducts accumulate dust, debris, bacteria, mold, and even dead pests and rodents and if left unclean, these contaminants clog the air ducts and circulate airborne diseases throughout the facility
Nirmitee Robotics Risks
Certain legal proceedings
Directors and Group Companies are parties to certain legal proceedings
Inherent risks associated with government contracts
Some of the contracts are with the Government of India or government agencies and we may face certain inherent risks associated with government contracts
IPO FAQs
The promoters of the company are Jay Prakash Motghare, Kartik Eknath Shende and Rajesh Narendra Admane.
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 185.0 - 185.0.
The IPO application opens on Mar 31, 2020 and closes on Apr 09, 2020.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 111,000.0, the maximum value for this IPO is Rs 111,000.0.
This IPO will be allotted on Apr 16, 2020.
The refund will be credited to your account on Apr 17, 2020.
The allotted shares will be credited to your demat on Apr 20, 2020.
Nirmitee Robotics India Ltd.’s shares listed on the stock exchanges on Apr 21, 2020.