Advait Infratech Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

15 Sep 2020

Close Date

18 Sep 2020

Allotment

25 Sep 2020

Listing Date

28 Sep 2020

Exchange

BSE SME

Price Band

₹51

Listing Price

See chart

Allotment Status

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Price Band

₹51

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

13,50,000 shares (aggregating up to ₹6.89 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹102,000

1 lot

Pre-IPO Holding

37,50,000 shares

Promoters

Post-IPO Holding

51,00,000 shares

Promoters

UPI Deadline

2020-09-18

Mandate

Anchor AllotmentMon, 14 Sep 2020

Basis of AllotmentFri, 25 Sep 2020

Refund InitiationMon, 28 Sep 2020

Demat CreditTue, 29 Sep 2020

Listing DayMon, 28 Sep 2020

UPI Mandate Deadline2020-09-18

Sale TypeFresh Capital

Net Offer to Public12,82,000 shares (aggregating up to ₹6.54 Cr)

Market Maker Quota68,000 shares (aggregating up to ₹0.3468 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Advait Infratech Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 18 Sep 2020.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	68,000	—	₹0.35
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,350,000	100%	₹6.89

IPO Shares Offered

Advait Infratech Ltd IPO total issue size: ₹6.89 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	68,000	₹0.35	5.04%
Total	1,350,000	₹6.89	100.00%

* Based on upper price band ₹51 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹51.00

Upper Band

Min Investment

₹102,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹204,000
Retail (Max — 13 Lots)	13	26,000	₹1,326,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,428,000
B-HNI (Min — 68 Lots)	68	136,000	₹6,936,000

* Issue Price ₹51 × Lot Size 2,000 shares

IPO Schedule

Anchor

14 Sep 2020

✓ Done

IPO Open

15 Sep 2020

✓ Done

IPO Close

18 Sep 2020

✓ Done

Allotment

25 Sep 2020

✓ Done

Refunds

28 Sep 2020

✓ Done

Demat Credit

29 Sep 2020

✓ Done

Listing Day

28 Sep 2020

✓ Done

₹51.00

INR · BSE

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Issue ₹51.00 Live Price

About Advait Infratech Ltd

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 PortfolioOptical Fibre Groud Wire and OFC cablesEHV (Extra High Voltage) transmission line insulatorsTools for constructing transmission linesGas insulators Sub StationsEarthing solutionsTransmission line and Sub Station lines specialized productsCompetitive strengthsStrong client base in domestic as well as overseas marketDiversified product portfolioStrong order book valueProven financial track record

Objects of the Issue

Working Capital Requirement

General Corporate Purpose

Advait Infratech Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹4,531.7

31-Mar-18

₹2,852.4

31-Mar-19

₹4,581.3

31-Mar-20

Profit After Tax (PAT)

₹620.6

31-Mar-18

₹249.0

31-Mar-19

₹54.0

31-Mar-20

Particulars	31-Mar-20	31-Mar-19	31-Mar-18
Revenue from Operations	4581.26	2852.38	4531.70
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	54.04	249.02	620.59
Net Worth	N/A	N/A	N/A
Total Assets	5155.62	4436.72	3315.84
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered13,50,000 (100.00%)

Net Offer to Public12,82,000 shares (aggregating up to ₹6.54 Cr)

Reserved for Market Maker68,000 shares (aggregating up to ₹0.3468 Cr)

Pre-Issue Promoter Holding37,50,000 shares

Post-Issue Promoter Holding51,00,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd

04067162222, 04079611000

ail.ipo@kfintech.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

ISK Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Advait Infratech Ltd IPO subscribed? ▲

Advait Infratech Ltd IPO is subscribed 1.00 times by Sep 18, 2020. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Advait Infratech Ltd IPO retail subscription status? ▼

The Advait Infratech Ltd IPO retail category is subscribed 1.00 times as of 18 Sep 2020. The retail portion is oversubscribed.

How to subscribe Advait Infratech Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 15 Sep 2020 and closes 18 Sep 2020. Min investment: ₹102,000 (1 lot = 2,000 shares). UPI mandate: 2020-09-18.

How many times Advait Infratech Ltd IPO subscribed? ▼

The Advait Infratech Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Advait Infratech Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 25 Sep 2020. Refunds: on 28 Sep 2020.

When Advait Infratech Ltd IPO will be listed? ▼

The Advait Infratech Ltd IPO listing date is 28 Sep 2020, Monday. Listed on: BSE SME. Issue price: ₹51. Estimated listing: ₹51. GMP: NIL.

When Advait Infratech Ltd IPO close? ▼

The Advait Infratech Ltd IPO closes on 18 Sep 2020, Friday. UPI mandate: 2020-09-18. Allotment: 25 Sep 2020. Listing: 28 Sep 2020.

Quick Actions

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Live Price LIVE

Last Price₹51.00

Change—

Issue Price₹51.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹51

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹102,000

GMPNIL

Est. Listing₹51

Subscribed1.00x

Open Date15 Sep 2020

Close Date18 Sep 2020

Allotment25 Sep 2020

Listing Date28 Sep 2020

ExchangeBSE SME

UPI Deadline2020-09-18