Advait Infratech IPO Details

Advait Infratech IPOAdvait 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
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Advait Infratech’s financial performance (in INR crore)

    FY2018 FY2019 FY2020
Revenue   45.3 28.5 45.8
Expenses   36.9 24.6 43.6
Net income   6.2 2.5 0.5
         

Registrar of Advait Infratech IPO

KFin Technologies Private Limited 
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com

Valuation of Advait Infratech IPO (FY2020)

Earnings Per Share (EPS): INR1.44
Price/Earnings (PE ratio): 35.42 
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 will be 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
: 29 September 2020
Listing Date
: 30 September 2020
Opening Price on BSE SME: To be updated 
Closing Price on BSE SME: To be updated

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