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Advait Infratech Limited IPO (Advait Infratech SME IPO) Detail

September 15, 2020 - September 18, 2020

Advait Infratech SME IPO is a fixed price issue of Rs 6.89 crores. The issue is entirely a fresh issue of 13.5 lakh shares.

Advait Infratech SME IPO bidding started from September 15, 2020 and ended on September 18, 2020. The allotment for Advait Infratech SME IPO was finalized on Friday, September 25, 2020. The shares got listed on BSE SME on September 28, 2020.

Advait Infratech SME IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.

Isk Advisors Pvt Ltd is the book running lead manager of the Advait Infratech SME IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Advait Infratech SME IPO RHP for detailed information.

Advait Infratech SME IPO Details

IPO Date September 15, 2020 to September 18, 2020
Listing Date September 28, 2020
Face Value ₹10 per share
Price ₹51 per share
Lot Size 2000 Shares
Total Issue Size1,350,000 shares
(aggregating up to ₹6.89 Cr)
Fresh Issue1,350,000 shares
(aggregating up to ₹6.89 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion68,000 shares

Advait Infratech SME IPO Reservation

Advait Infratech SME IPO offers 1,418,000 shares. 675,000 (47.60%) to NII, 675,000 (47.60%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered68,000 (4.80%)
Other Shares Offered675,000 (47.60%)
Retail Shares Offered675,000 (47.60%)
Total Shares Offered1,418,000 (100%)

Advait Infratech SME IPO Timeline (Tentative Schedule)

Advait Infratech SME IPO opens on September 15, 2020, and closes on September 18, 2020.

IPO Open Date Tuesday, September 15, 2020
IPO Close Date Friday, September 18, 2020
Basis of Allotment Friday, September 25, 2020
Initiation of Refunds Monday, September 28, 2020
Credit of Shares to Demat Tuesday, September 29, 2020
Listing Date Monday, September 28, 2020
Cut-off time for UPI mandate confirmation 5 PM on September 18, 2020

Advait Infratech SME IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹102,000
Retail (Max) 1 2000 ₹102,000
Lot Size Calculator

Advait Infratech SME IPO Promoter Holding

Mr. Shalin Sheth and Mrs. Rejal Sheth are the promoters of the company.

Share Holding Pre Issue 99.99%
Share Holding Post Issue 73.51%

About Advait Infratech Limited

Incorporated in 2010, The Ahmedabad-based Advait Infratech Limited company operates in the power infrastructure industry. The business has various verticals including Turnkey Telecommunication Projects, power transmission installation, Power substation, and telecom products, Liasioning-marketing, and many others to meet the demand of the power sector.

Till Sep 2020, the company has completed 100+ projects and has a clientele base of 100+ customers across the world. Cobra, Jindal Steel & Power, Siemens, Sterlite Power, Tata Projects Ltd, JSW Energy, KEC International Ltd, Kalpataru Power Transmission Ltd, NSG Group, NCC are some of its clients. Company has nationwide footprints through affiliated members in Delhi, Kolkata, Ahmedabad, Chennai, Baroda, Hyderabad, and Mumbai.

In 2019, Advait infratech has established an OPGW (Optical Fibre Ground Wire) and OFC cable manufacturing unit in Sanand, Gujarat through a joint venture with TG Group, a leading OFC manufacturer in China.

Product Portfolio

  1. Optical Fibre Groud Wire and OFC cables
  2. EHV (Extra High Voltage) transmission line insulators
  3. Tools for constructing transmission lines
  4. Gas insulators Sub Stations
  5. Earthing solutions
  6. Transmission line and Sub Station lines specialized products

Competitive strengths

  • Strong client base in domestic as well as overseas market
  • Diversified product portfolio
  • Strong order book value
  • Proven financial track record

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 5,155.62 4,436.72 3,315.84
Total Revenue 4581.26 2,852.38 4,531.70
Profit After Tax 54.04 249.02 620.59

Objects of the Issue (Advait Infratech SME IPO Objectives)

Company purposes utilizing the net IPO proceed towards following objectives;
1. To meet general working capital requirement of the business
2. To meet general corporate purposes

Advait Infratech SME IPO Review (Avoid)

[Dilip Davda]  AIL is in a highly competitive field of business. The issue is fully structured (based on issue expenses), and may sail through, but considering inconsistency in financial data and exorbitant pricing, there is no harm in giving this issue a miss. Read detail review...


Advait Infratech SME IPO Subscription Status (Bidding Detail)

The Advait Infratech SME IPO is subscribed 1.92 times on September 18, 2020 6:50:03 PM. The public issue subscribed 2.32 times in the retail category, times in the QIB category, and 1.53 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1.53
Retail2.32
Total1.92

Advait Infratech SME IPO Prospectus

Advait Infratech SME IPO Rating

154
2.8
Rating:Rated 2.8 stars
Vote Here ...

Advait Infratech SME IPO Listing Details

Listing Date September 28, 2020
BSE Script Code 543230
NSE Symbol
ISIN INE0ALI01010
Final Issue Price ₹51 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹51.00
₹51.95
₹51.25
₹54.50
₹51.55

Check IPO Performance…

Advait Infratech Limited Contact Details

Advait Infratech Limited
A-801 To 803 Sankalp Iconic, Opp. Vikram Nagar
Iscon Temple Cross Road, S.G Highway Ahmedabad,
Gujarat-380054
Phone: 91-79-48956677
Email: dipesh@advaitinfra.com
Website: http://www.advaitinfra.com/

Advait Infratech SME IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: ail.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Advait Infratech SME IPO - Buy or Not

Advait Infratech SME IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Advait Infratech SME IPO FAQs

Advait Infratech SME IPO is a SME IPO of 1,350,000 equity shares of the face value of ₹10 aggregating up to ₹6.89 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.

The IPO opens on September 15, 2020, and closes on September 18, 2020.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Advait Infratech SME IPO using UPI as a payment gateway. Zerodha customers can apply in Advait Infratech SME IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Advait Infratech SME IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Advait Infratech SME IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Advait Infratech SME IPO opens on September 15, 2020 and closes on September 18, 2020.

Advait Infratech SME IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.

You can apply in Advait Infratech SME 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Advait Infratech SME IPO will be done on Friday, September 25, 2020, and the allotted shares will be credited to your demat account by Tuesday, September 29, 2020. Check the Advait Infratech SME IPO allotment status.

The Advait Infratech SME IPO listing date is on September 28, 2020.
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Advait Infratech SME IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

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17 Comments

13. Chem cho |   Link |  Bookmark |September 29, 2020 10:59:02 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
AVOID
12. IPOANALYSIS |   Link |  Bookmark |September 28, 2020 9:16:59 AM
52 listing price. sell it.it.will not give chance to exit in few days
11. IPOANALYSIS |   Link |  Bookmark |September 25, 2020 6:47:57 PM
Transwind infra in same business is ruling at less than half the issue price. Transwind infra is also Ahmedabad based company .beware and sell on listing to avoid any future loss.
10. Vinshah |   Link |  Bookmark |September 24, 2020 7:05:45 PM
Admin ji, Listing date of Advait 25.9 or 28.9???
10.1. Team Chittorgarh.com |   Link |  Bookmark |September 24, 2020 7:53:07 PM
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
Dear Sir,
We are still awaiting the listing date. As there is no circular so far, it may not list on 25th.

Thank you,
Admin @ Chittorgarh.com

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10.2. Vinshah |   Link |  Bookmark |September 24, 2020 9:27:04 PM
Credited shares message came from cdsl today so 28.9 may be listing date????
9. KING VINOD |   Link |  Bookmark |September 18, 2020 3:42:35 PM
IPO Guru IPO Guru (2400+ Posts, 5100+ Likes)
Risky to Apply this IPO
8. IPOANALYSIS |   Link |  Bookmark |September 16, 2020 4:44:40 PM
Avoid. Ahmedabad based SME performing poorly . Also same state with similar business named transwind infra can with IPO and is ruling less than half its issue price
Should trade below 20 rs. Check all SME infra . Transwind infra ,SS infra etc. Don't burn your hard earn money.
7. MR. KUMAR |   Link |  Bookmark |September 15, 2020 2:27:41 PM
Now Promoters will come and say that this company is world s best company
6. MR. KUMAR |   Link |  Bookmark |September 15, 2020 2:02:39 PM
Ab promoters log aayenge aur positive message post karenge.Means shikari aayega daana daalega jaal bichhayega par fasna nhi.
5. MR. KUMAR |   Link |  Bookmark |September 15, 2020 10:34:53 AM
A Fraud company. Don't apply , Don't apply , Don't apply otherwise you will loose hard earned not. Don't apply Don't apply
5.1. PRAFULDURAI |   Link |  Bookmark |September 15, 2020 11:33:02 AM
Many SME including Bonlon industries are like that
4. MR. KUMAR |   Link |  Bookmark |September 15, 2020 10:32:51 AM
If you have hard earned money then don't apply in sme. You will be looted. They all are Fake and Fraud company .
3. PRAFULDURAI |   Link |  Bookmark |September 14, 2020 12:40:37 PM
This message has been removed by a moderator.
3.1. PRAFULDURAI |   Link |  Bookmark |September 14, 2020 12:47:14 PM
Today At 12.46 pm LTP was 17.50 10 rupees less than issue price .My hard earned money was looted. Beare
2. MR. KUMAR |   Link |  Bookmark |September 11, 2020 7:12:57 PM
If SME IPO WILL SUBSCRIBE MORE THAN 20 TIMES THEN GO FOR IT. OTHERWISE LEAVE IT.
1. IPO Electrifying |   Link |  Bookmark |September 11, 2020 2:41:04 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Secondary market teji..............
this ipo will give positive listing,
otherwise below cost listing.....