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Advait Infratech Limited IPO (Advait Infratech SME IPO) Detail

Sep 15, 2020 - Sep 18, 2020

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

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 Details

Advait Infratech SME IPO Date Sep 15, 2020 to Sep 18, 2020
Advait Infratech SME IPO Face Value ₹10 per share
Advait Infratech SME IPO Price ₹51 per share
Advait Infratech SME IPO Lot Size 2000 Shares
Issue Size1,350,000 shares of ₹10
(aggregating up to ₹6.89 Cr)
Fresh Issue1,350,000 shares of ₹10
(aggregating up to ₹6.89 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

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

Advait Infratech SME IPO Timeline (Tentative Timetable)

Advait Infratech SME IPO opens on Sep 15, 2020, and closes on Sep 18, 2020. The Advait Infratech SME IPO bid date is from Sep 15, 2020 10.00 A.M. to Sep 18, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Advait Infratech SME IPO Opening Date Sep 15, 2020
Advait Infratech SME IPO Closing Date Sep 18, 2020
Basis of Allotment Sep 25, 2020
Initiation of Refunds Sep 28, 2020
Credit of Shares to Demat Sep 29, 2020
Advait Infratech SME IPO Listing Date Sep 30, 2020

Advait Infratech SME IPO Lot Size

The Advait Infratech SME IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).

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

Advait Infratech SME IPO Promoter Holding

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

Advait Infratech SME IPO Review

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 Sep 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)
NII1.53
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 Date

Listing Date Monday, September 28, 2020
BSE Script Code 543230
NSE Symbol
Listing In MT Group of Securities
ISIN INE0ALI01010
IPO Price ₹51 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹51.00
₹51.95
₹51.25
₹54.50
₹51.55

Company Contact Information

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://karisma.kfintech.com/

Advait Infratech SME IPO Review

Advait Infratech SME IPO Recommendation Summary

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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 Sep 15, 2020, and closes on Sep 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 Sep 15, 2020 and closes on Sep 18, 2020.

Advait Infratech SME IPO lot size is 2000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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17 Comments

13. Chem cho |   Link |Sep 29, 2020 10:59:02 AM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
AVOID
12. IPOANALYSIS |   Link |Sep 28, 2020 9:16:59 AM
52 listing price. sell it.it.will not give chance to exit in few days
11. IPOANALYSIS |   Link |Sep 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 |Sep 24, 2020 7:05:45 PM
Admin ji, Listing date of Advait 25.9 or 28.9???
10.1. Team Chittorgarh.com |   Link |Sep 24, 2020 7:53:07 PM
IPO Mentor IPO Mentor (600+ Posts, 1100+ 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, Team Chittorgarh.com

ProStocks - Broker with Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Zero Account Opening + Rs 0 Equity Delivery Brokerage + AMC Free Demat Open FREE Account

10.2. Vinshah |   Link |Sep 24, 2020 9:27:04 PM
Credited shares message came from cdsl today so 28.9 may be listing date????
9. KING VINOD |   Link |Sep 18, 2020 3:42:35 PM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
Risky to Apply this IPO
8. IPOANALYSIS |   Link |Sep 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 |Sep 15, 2020 2:27:41 PM
Now Promoters will come and say that this company is world s best company
6. MR. KUMAR |   Link |Sep 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 |Sep 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 |Sep 15, 2020 11:33:02 AM
Many SME including Bonlon industries are like that
4. MR. KUMAR |   Link |Sep 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 |Sep 14, 2020 12:40:37 PM
This message has been removed by a moderator.
3.1. PRAFULDURAI |   Link |Sep 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 |Sep 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 |Sep 11, 2020 2:41:04 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Secondary market teji..............
this ipo will give positive listing,
otherwise below cost listing.....