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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
Mr. Jay Prakash Motghare, Mr. Kartik Eknath Shende and Mr. Rajesh Narendra Admane are the promoters of the company.
| 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 | |
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
| IPO Opening Date | Mar 31, 2020 |
| IPO Closing Date | Apr 9, 2020 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹185 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | BSE SME |
| Issue Size | 175,200 Eq Shares of ₹10 (aggregating up to ₹3.24 Cr) |
| P/E (x) | 185 |
| Market Cap (₹ Cr.) | 11.1 |
The Nirmitee Robotics IPO open date is Mar 31, 2020, and the close date is Apr 9, 2020. The issue may list on Apr 21, 2020.
| IPO Open Date | Mar 31, 2020 |
| IPO Close Date | Apr 9, 2020 |
| Basis of Allotment Date | Apr 16, 2020 |
| Initiation of Refunds | Apr 17, 2020 |
| Credit of Shares to Demat Account | Apr 20, 2020 |
| IPO Listing Date | Apr 21, 2020 |
The Nirmitee Robotics IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹111,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹111,000 |
| Maximum | 1 | 600 | ₹111,000 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70.81% |
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...
The Nirmitee Robotics IPO is subscribed 1.15 times on 4/9/2020 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)
| Category | Subscription (times) |
|---|---|
| NII | 1.67 |
| Retail | 0.63 |
| Total | 1.15 |
| Listing Date | Tuesday, April 21, 2020 |
| BSE Script Code | 543194 |
| NSE Symbol | |
| Listing In | TS Group of Securities |
| ISIN | INE0CPQ01010 |
| IPO Price | ₹185 per equity share |
| Face Value | ₹10 per equity share |
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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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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 equity share. The minimum order quantity is 600 Shares.
The IPO opens on Mar 31, 2020, and closes on Apr 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
Visit Zerodha IPO Application Process Review for more detail.
The Nirmitee Robotics IPO opens on Mar 31, 2020 and closes on Apr 9, 2020.
Nirmitee Robotics IPO lot size is 600 Shares and the minimum order quantity is 600 Shares.
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Nirmitee Robotics IPO will be done on Apr 16, 2020, and the allotted shares will be credited to your demat account by Apr 20, 2020. Check the Nirmitee Robotics IPO allotment status.
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