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Nirmitee Robotics India Ltd IPO (Nirmitee Robotics IPO) Detail

March 31, 2020 - April 9, 2020

Nirmitee Robotics IPO is a fixed price issue of Rs 3.24 crores.

Nirmitee Robotics IPO bidding started from March 31, 2020 and ended on April 9, 2020. The allotment for Nirmitee Robotics IPO was finalized on Thursday, April 16, 2020. The shares got listed on BSE SME on April 21, 2020.

Nirmitee Robotics IPO price is ₹185 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹111,000.

Aryaman Financial Services Limited is the book running lead manager of the Nirmitee Robotics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Nirmitee Robotics IPO RHP for detailed information.

Nirmitee Robotics IPO Details

IPO Date March 31, 2020 to April 9, 2020
Listing Date April 21, 2020
Face Value ₹10 per share
Price ₹185 per share
Lot Size 600 Shares
Total Issue Size175,200 shares
(aggregating up to ₹3.24 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion9,600 shares

Nirmitee Robotics IPO Reservation

Nirmitee Robotics IPO offers 175,200 shares. 82,800 (47.26%) to NII, 82,800 (47.26%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered9,600 (5.48%)
Other Shares Offered82,800 (47.26%)
Retail Shares Offered82,800 (47.26%)
Total Shares Offered175,200 (100%)

Nirmitee Robotics IPO Timeline (Tentative Schedule)

Nirmitee Robotics IPO opens on March 31, 2020, and closes on April 9, 2020.

IPO Open Date Tuesday, March 31, 2020
IPO Close Date Thursday, April 9, 2020
Basis of Allotment Thursday, April 16, 2020
Initiation of Refunds Friday, April 17, 2020
Credit of Shares to Demat Monday, April 20, 2020
Listing Date Tuesday, April 21, 2020
Cut-off time for UPI mandate confirmation 5 PM on April 9, 2020

Nirmitee Robotics IPO Lot Size

Investors can bid for a minimum of 600 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) 1 600 ₹111,000
Retail (Max) 1 600 ₹111,000
Lot Size Calculator

Nirmitee Robotics IPO Promoter Holding

Mr. Jay Prakash Motghare, Mr. Kartik Eknath Shende and Mr. Rajesh Narendra Admane are the promoters of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue 70.81%

About Nirmitee Robotics India Ltd

Incorporated in 2016, 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.

The company has patented duct cleaning robots to do cleaning, inspection, and post-cleaning operations. These robots have an advanced controller mechanism along with a high-resolution camera.

Nirmitee Robotics serves a wide range of industries such as convention centers, trains, hospitals, offices, and builds house sensitive equipment such as data centers. It is an ISO certified company to implement a quality management system and work across different regions.

Competitive Strengths
1. Advanced Technology
2. Positive Social and Environmental Impact
3. Qualified Management Team

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
30-Sep-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 225.22 238.65 105.99 12.37
Total Revenue 99.84 203.59 70.22 5.91
Profit After Tax 2.63 20.73 2.16 0.53

Key Performance Indicator

The market capitalization of Nirmitee Robotics IPO is Rs 11.1 Cr.

Pre IPO Post IPO
P/E (x) 185

Objects of the Issue (Nirmitee Robotics IPO Objectives)

The Objects of the Net Issue is to raise funds for:

1. Redemption of Preference Shares

2. Acquisition of Registered Office, R & D facility & assembling unit on a long term sustainable basis

3. General Corporate Purpose

Nirmitee Robotics IPO Review (Avoid)

[Dilip Davda]  Financial performance so far has been lacklustre. Company is planning to redeem preference shares of promoters and arrange security deposits for the premises from the new investors' money with exorbitantly priced IPO. Post issue paid-up equity indicates long gestation for mainboard migration. LM has an average track record. Simply stay away from this high priced offer. Read detail review...


Nirmitee Robotics IPO Subscription Status (Bidding Detail)

The Nirmitee Robotics IPO is subscribed 1.15 times on April 9, 2020 6:49:26 PM. The public issue subscribed 0.63 times in the retail category, times in the QIB category, and 1.67 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1.67
Retail0.63
Total1.15

Nirmitee Robotics IPO Prospectus

Nirmitee Robotics IPO Rating

30
2.7
Rating:Rated 2.7 stars
Vote Here ...

Nirmitee Robotics IPO Listing Details

Listing Date April 21, 2020
BSE Script Code 543194
NSE Symbol
ISIN INE0CPQ01010
Final Issue Price ₹185 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹185.00
₹189.00
₹187.00
₹189.00
₹189.00

Check IPO Performance…

Nirmitee Robotics India Ltd Contact Details

Nirmitee Robotics India Ltd
C/o Manisha Sales,
D 3/2, Hingna MIDC,
Nagpur - 440028, Maharashtra
Phone: +91 9422881677
Email: info@nirmiteerobotics.com
Website: http://www.nirmiteerobotics.com

Nirmitee Robotics IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Nirmitee Robotics IPO - Buy or Not

Nirmitee Robotics IPO Recommendation Summary

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

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Nirmitee Robotics IPO FAQs

Nirmitee Robotics IPO is a SME IPO of 175,200 equity shares of the face value of ₹10 aggregating up to ₹3.24 Crores. The issue is priced at ₹185 per share. The minimum order quantity is 600 Shares.

The IPO opens on March 31, 2020, and closes on April 9, 2020.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

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

Steps to apply in Nirmitee Robotics 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 'Nirmitee Robotics 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 Nirmitee Robotics IPO opens on March 31, 2020 and closes on April 9, 2020.

Nirmitee Robotics IPO lot size is 600 Shares, and the minimum amount required is ₹111,000.

You can apply in Nirmitee Robotics 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 Nirmitee Robotics IPO will be done on Thursday, April 16, 2020, and the allotted shares will be credited to your demat account by Monday, April 20, 2020. Check the Nirmitee Robotics IPO allotment status.

The Nirmitee Robotics IPO listing date is on April 21, 2020.
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Nirmitee Robotics IPO Message Board

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8 Comments

5. VinShah |   Link |  Bookmark |April 21, 2020 1:35:25 PM
Investors are happy today..Nirmitee listing good in bad Mkt condition ????..
4. VinShah |   Link |  Bookmark |April 15, 2020 10:37:20 PM
Guys, I think tonight will be announced of allotment of Nirmiti IPO & Friday 17 April will be listing there
4.1. Darsh ipo |   Link |  Bookmark |April 16, 2020 6:36:44 PM
Listing on 21st...April..

4.2. VinShah |   Link |  Bookmark |April 20, 2020 5:03:30 PM
I don't think so Tomorrow will be listing there Because BSE & Chittorgarh didn't attach listing notices????..
3. VinShah |   Link |  Bookmark |April 3, 2020 11:55:30 AM
Friends, I think because of market condition this IPO subscription on 3rd day still 9%.. How's this Co.??
3.1. VinShah |   Link |  Bookmark |April 7, 2020 1:57:51 PM
I think IPO will be Subscribed 95-100% today.. Only 2 Days Left and 31 March to 6 April Days already gone..
2. Red Eyed black HAWK |   Link |  Bookmark |March 29, 2020 9:54:05 PM
You really think your ipo price deserves this? ????????.
1. Vish... |   Link |  Bookmark |March 28, 2020 2:30:29 PM
Jitna yeh company kamati h usey zyada mere naukar kamate h????????