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Nirmitee Robotics India Ltd IPO (Nirmitee Robotics IPO) Detail

Mar 31, 2020 - Apr 9, 2020

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

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Company Promoters:

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

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

Objects of the Issue:

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 Details

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 Size175,200 Eq Shares of ₹10
(aggregating up to ₹3.24 Cr)
P/E (x)185
Market Cap (₹ Cr.)11.1

Nirmitee Robotics IPO Tentative Timetable

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

Nirmitee Robotics IPO Lot Size

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

Nirmitee Robotics IPO Promoter Holding

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

Nirmitee Robotics IPO Review

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 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)

CategorySubscription (times)
NII1.67
Retail0.63
Total1.15

Nirmitee Robotics IPO Prospectus

Nirmitee Robotics IPO Rating

30
2.7
Rating:Rated 2.7 stars
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Nirmitee Robotics IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹185.00
₹189.00
₹187.00
₹189.00
₹189.00

Company Contact Information

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: http://www.bigshareonline.com

Nirmitee Robotics IPO Reviews / Ratings

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 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

  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 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.

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

Nirmitee Robotics IPO Message Board

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8 Comments

5. VinShah |Apr 21, 2020 1:35:25 PM
Investors are happy today..Nirmitee listing good in bad Mkt condition ????..
4. VinShah |Apr 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 |Apr 16, 2020 6:36:44 PM
Listing on 21st...April..

4.2. VinShah |Apr 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 |Apr 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 |Apr 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 |Mar 29, 2020 9:54:05 PM
You really think your ipo price deserves this? ????????.
1. Vish... |Mar 28, 2020 2:30:29 PM
Jitna yeh company kamati h usey zyada mere naukar kamate h????????