Advait Infratech IPO Details
Advait Infratech IPO description – Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields. The company’s operations include Turnkey Telecommunication Projects, Installation of the Power Transmission, Sub Station and Telecom Products, Liasioning-marketing and providing end to end solutions for the overseas customers operating in the field Power Transmission and Sub Station. Advait Infratech also makes Optical Fibre Ground Wire (OPGW) and OFC cables, insulators for the Extra High Voltage (EHV) transmission lines, stringing tools for construction of transmission lines, and earthing solutions. The company has put up a manufacturing company, TG Advait India Private Limited through a joint venture with Jiangsu Tongguang Optical Fiber Cable Co.,Ltd.
Promoters of Advait Infratech Limited – Mr. Shalin Sheth & Mrs Rejal Sheth
| Advait Infratech IPO details | |
| Subscription Dates | 15 – 18 September 2020 |
| Price Band | INR51 per share |
| Fresh issue | 13,50,000 shares (INR6.88 crore) |
| Offer For Sale | Nil |
| Total IPO size | 13,50,000 shares (INR6.88 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
|
Advait Infratech’s financial performance (in INR crore) |
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| Â | Â | FY2018 | FY2019 | FY2020 |
| Revenue | Â | 45.3 | 28.5 | 45.8 |
| Expenses | Â | 36.9 | 24.6 | 43.6 |
| Net income | Â | 6.2 | 2.5 | 0.5 |
| Â | Â | Â | Â | Â |
Registrar of Advait Infratech IPO
KFin Technologies Private LimitedÂ
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551
Email: [email protected]
Website:Â www.kfintech.com
Valuation of Advait Infratech IPO (FY2020)
Earnings Per Share (EPS): INR1.44
Price/Earnings (PE ratio): 35.42Â
Return on Net Worth (RONW): 2.79%
Net Asset Value (NAV): INR51.65 per share
Advait Infratech IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 |
0.09 |
| Day 2 |
0.73 |
| Day 3 |
1.40 |
Advait Infratech Contact Details
Advait Infratech Limited
A-801 To 803 Sankalp Iconic,
Opp. Vikram Nagar,
Iscon Temple Cross Road, S.G Highway Ahmedabad – 380054
Phone: +91 79 48956677
Email: [email protected]
Website: www.advaitinfra.com
Advait Infratech IPO Allotment Status
Advait Infratech IPO allotment status is now available on KFin Technologies’ website. Click on this link to get allotment status
Listing Performance of Advait Infratech
IPO Opening Date: 15 September 2020
IPO Closing Date: 18 September 2020
Finalisation of Basis of Allotment: 25 September 2020
Initiation of refunds: 28 September 2020
Transfer of shares to demat accounts: 28 September 2020
Listing Date: 28 September 2020
Opening Price on BSE SME: INR51.95 per share (up 1.86% from IPO price)
Closing Price on BSE SME: INR51.55 per share (up 1.08% from IPO price)
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