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Incorporated in 2011, Mumbai based A B Infrabuild Limited 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.
A B Infrabuild is a contractor with the PWD Maharashtra and the Municipal Corporation of Greater Mumbai. As a contractor, it has an AA grade for dealing with the creation of infrastructure and operating a ready mix concrete plant. Shri Amit Bholanath Mishra is the promoter of the company with more than 20-years of experience in the field.
The major customers of the company are GCC Hotel Private Ltd, Sky Way Infrastructure Private Limited, Krypton Corp, Dev Engineers, Dedicated Freight Corridor Corporation of India Ltd., Central Railway, Mumbai Metropolitan Region Development Authority, Western Railway, Mumbai Railway Vikas Corporation Ltd, and Municipal Corporation of Greater Mumbai. The order book of the company consists of around 52% of the orders with Western Railway.
The competitive strengths of the company are:
1. Cost efficient and quality services.
2. A long-standing relationship with the clients.
3. New techniques
4. Advanced machinery
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 7,965.00 | 8,142.61 | 7,502.92 | 6,264.89 | |
| Total Revenue | 4,011.04 | 6,053.05 | 7,344.47 | 7,452.76 | |
| Profit After Tax | 270.36 | 314.66 | 15.86 | 32.63 | |
The Objects of the Issue are:
1.) To meet the Working Capital Requirements
2.) General Corporate Purposes
| AB Infrabuild IPO Date | Jun 28, 2019 to Jul 3, 2019 |
| AB Infrabuild IPO Face Value | ₹10 per share |
| AB Infrabuild IPO Price | ₹29 per share |
| AB Infrabuild IPO Lot Size | 4000 Shares |
| Issue Size | 4,428,000 shares of ₹10 (aggregating up to ₹12.84 Cr) |
| Fresh Issue | 4,428,000 shares of ₹10 (aggregating up to ₹12.84 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr Amit Bholanath Mishra is the promoter of the company. |
AB Infrabuild IPO opens on Jun 28, 2019, and closes on Jul 3, 2019. The AB Infrabuild IPO bid date is from Jun 28, 2019 10.00 A.M. to Jul 3, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| AB Infrabuild IPO Opening Date | Jun 28, 2019 |
| AB Infrabuild IPO Closing Date | Jul 3, 2019 |
| Basis of Allotment | Jul 9, 2019 |
| Initiation of Refunds | Jul 10, 2019 |
| Credit of Shares to Demat | Jul 10, 2019 |
| AB Infrabuild IPO Listing Date | Jul 11, 2019 |
The AB Infrabuild IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹116,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹116,000 |
| Retail (Max) | 1 | 4000 | ₹116,000 |
| Pre Issue Share Holding | 90.99% |
| Post Issue Share Holding | 59.19% |
With a focus on high margin railway contracts, the company is set for bright prospects ahead as Railway infra development is expected to be of high priority for the state of Maharashtra. Considering reasonable pricing and future prospects, Investors may consider parking of funds for long term.
Read detail review...The AB Infrabuild IPO is subscribed 0.97 times on Jul 3, 2019 6:00:00 PM. The public issue subscribed 0.74 times in the retail category, times in the QIB category, and 1.20 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.20 |
| Retail | 0.74 |
| Total | 0.97 |
| Listing Date | Friday, July 12, 2019 |
| BSE Script Code | |
| NSE Symbol | ABINFRA |
| Listing In | |
| ISIN | INE00YB01017 |
| IPO Price | ₹29 per share |
| Face Value | ₹10 per share |
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A B Infrabuild Limited
104, Shubhangan CHS Ltd,
Jawahar Nagar, Near Railway Crossing,
Goregaon (West), Mumbai-400 062
Phone: +91 22 2871 2113/14
Email: cs@abinfrabuild.com
Website: http://www.abinfrabuild.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
AB Infrabuild IPO is a SME IPO of 4,428,000 equity shares of the face value of ₹10 aggregating up to ₹12.84 Crores. The issue is priced at ₹29 per share. The minimum order quantity is 4000 Shares.
The IPO opens on Jun 28, 2019, and closes on Jul 3, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The AB Infrabuild IPO opens on Jun 28, 2019 and closes on Jul 3, 2019.
AB Infrabuild IPO lot size is 4000 Shares and the minimum order quantity is .
You can apply in AB Infrabuild IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for AB Infrabuild IPO will be done on Jul 9, 2019, and the allotted shares will be credited to your demat account by Jul 10, 2019. Check the AB Infrabuild IPO allotment status.
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IPO Guru (1600+ Posts, 900+ Likes)
Top Contributor (300+ Posts, 300+ Likes)
not a bad listing in such a Market.
will hold