Advait Infratech was incorporated on March 15, 2010. The r company is in the business of providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields.
| Bidding Dates |
|---|
| 15 Sep 2020 - 18 Sep 2020 |
| Subscription |
|---|
| 1.92x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,02,000 | 1 | 1 | 2000 | 1.4 M | ₹51 | 73.53 % | ₹68.8 M | DRHP DOC |
Advait Infratech IPO SUBSCRIPTION STATUS
18 Sep '20Advait Infratech IPO overall subscription rate was 1.92 times the total available shares
Advait Infratech IPO retail subscription rate was 2.32 times in the retail segment
Advait Infratech IPO non-institutional investor subscription rate was 1.53 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
16 Sep 2020 (Day 2) | 0.54x | 0.91x | - |
17 Sep 2020 (Day 3) | 1.43x | 1.37x | - |
18 Sep 2020 (Day 4) | 2.32x | 1.53x | - |
15 Sep 2020 (Day 1) | 0.13x | 0.05x | - |
Advait Infratech 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) |
| 9MFY20 | 13.1 | 328.0 | 32.2 | 24.1 |
| FY19 | 24.9 | 280.4 | 40.2 | -95.3 |
| FY18 | 62.4 | 434.2 | 46.2 | 36.5 |
| FY17 | 42.7 | 287.4 | 35.0 | 5.4 |
Advait Infratech IPO SUBSCRIPTION STATUS DETAILS
Advait Infratech had 1.4 M shares on offer
Advait Infratech IPO offer price was ₹51
Advait Infratech IPO minimum Investment was ₹102000
Advait Infratech IPO issue size was ₹ 68.9 M
Advait Infratech had a minimum lot size of 2000 Shares per application
Advait Infratech NUMBER OF SHARES ON OFFER
Advait Infratech IPO IMPORTANT DATES
| Issue Open Date | 15 Sep 2020 |
| Issue close Date | 18 Sep 2020 |
| Allotment Date | 25 Sep 2020 |
| Refund Date | 28 Sep 2020 |
| Demat Account Credit Date | 29 Sep 2020 |
| Listing Date | 30 Sep 2020 |
| Listing on Exchange(s) | BSE |
| Advait Infratech Allotment Status | Exchange |
Advait Infratech IPO subscription opened on 15 Sep 2020, and closed on 18 Sep 2020
IPO allotment for Advait Infratech was finalized on Friday, 25 Sep 2020
IPO listing for Advait Infratech was on BSE on Wednesday, 30 Sep 2020
Advait Infratech IPO LISTING GAINS
| Issue Price (adjusted) | 25.5 |
| Listing Open Price | 52.0 |
| Listing Close Price | 51.5 |
| Listing Gain% | 1.9% |
| Current Gain% | 8503.5% |
Advait Infratech 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Advait Energy Transitions Ltd. | 2193.9 | 1118.9 | 41.1 | 0.6 | 3.1 | 18.6 | 7.8 | 727.2 | 78.9 | 51.7 | 67.1 | 53.4 | 73.3 |
| Polycab India Ltd. | 9310 | 140279.9 | 49 | 1.7 | 4.5 | 22.2 | 13 | 29120 | 28.8 | 2672 | 32.3 | 190.1 | 29.2 |
| KEI Industries Ltd. | 5629.3 | 53816.4 | 54 | 1.6 | 4.4 | 13.8 | 10.2 | 11906.3 | 21.4 | 918.4 | 31.9 | 104.3 | 34.4 |
| R R Kabel Ltd. | 2751.1 | 31116.5 | 51.2 | 0.6 | 2.9 | 19.1 | 10.6 | 9778.8 | 27.5 | 492.2 | 58 | 53.7 | 80.3 |
| Finolex Cables Ltd. | 1060 | 16211.6 | 22.7 | 12.3 | 2.6 | 11.7 | 10.2 | 6486.6 | 17.6 | 713.7 | 1.8 | 46.7 | 1.8 |
| Universal Cables Ltd. | 1680.3 | 5829.9 | 29.1 | 0.4 | 1.7 | 8.9 | 3.8 | 3051 | 25.5 | 163.1 | 82.5 | 57.7 | 71.7 |
Advait Infratech INFORMATION ON IPO ISSUE
About Advait Infratech
Advait Infratech was incorporated on March 15, 2010. The r company is in the business of providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields.
Object of the Issue
- To meet general working capital requirement of the business
- To meet general corporate purposes
Advait Infratech - PROMOTERS
| Name |
|---|
| Shalin Sheth |
| Rejal Sheth |
Advait Infratech Lead Manager to the Issue
ISK Advisors Private Limited
ncmpl@ncmpl.com
Advait Infratech Registrar to the issue
Kfin Technologies Private Limited
ail.ipo@kfintech.com
Advait Infratech Strengths
Existing client base
The company is providing products and solutions to major power utilities in India and abroad, and to all Main EPC actively working in this field
Selective bidding
The company seeks to selective bidding with a focus on an effective execution record
Strong order book
The company has diversified products for power transmission and power substation field and has a strong order book
Advait Infratech Risks
Legal proceedings
the company, promoters, and directors are parties to certain legal proceedings under direct tax law
Approvals and licenses
The company requires certain approvals and licenses in the ordinary course of business and is required to comply with certain rules and regulations to operate business
IPO FAQs
Advait Infratech Ltd. IPO listing opened at Rs 51.95 while the issue price was Rs 51.00 giving 1.86% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 25.50 giving 8503.53% gains since its IPO listing.
The promoters of the company are Shalin Sheth and Rejal Sheth.
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 51.0 - 51.0.
The IPO application opens on Sep 15, 2020 and closes on Sep 18, 2020.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 102,000.0.
This IPO will be allotted on Sep 25, 2020.
The refund will be credited to your account on Sep 28, 2020.
The allotted shares will be credited to your demat on Sep 29, 2020.
Advait Infratech Ltd.’s shares listed on the stock exchanges on Sep 30, 2020.