Nirmitee Robotics IPO Details

Nirmitee Robotics Logo

Nirmitee Robotics IPO description – Nirmitee Robotics makes robots and is engaged in providing HVAC Duct Cleaning and Ozone sterilization services with these robots. The company makes custom- made robots– operated by machines that clean the inside of HVAC Air Ducts – by scrubbing, polishing, sucking, scraping and removal of the accumulated contaminants like dust, debris, bacteria, mold and even dead pests and rodents and provides the Ozone treatment to the ducts from the inside and thus sanitizes it for many more months to come. The company has its own fleet of patented, duct cleaning robots, which are employed in its service to do the inspection, cleaning and post-cleaning operations. All these robots are fitted with an advanced controller mechanism and a high resolution camera. 

The company serves a broad range of clients including offices, convention centers, hospitals, train and buildings that house sensitive equipment like data centers.

Promoters of Nirmitee Robotics – Mr Jay Prakash Motghare, Mr Kartik Eknath Shende and Mr Rajesh Narendra Admane
Nirmitee Robotics IPO details
Subscription Dates 31 March – 9 April 2020
Price Band INR185 per share
Fresh issue 175,200 shares (INR3.24 crore)
Offer For Sale Nil
Total IPO size 175,200 shares (INR3.24 crore)
Minimum bid (lot size) 600 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

Nirmitee Robotics’ financial performance (in INR lakh)

  FY2017 FY2018 FY2019 6M FY2020
Revenue 5.9 70.2 203.6 99.8
Expenses 5.2 65.1 177.7 96.5
Net income 0.5 2.2 20.7 2.6

Registrar of Nirmitee Robotics IPO

Bigshare Services Private Limited 
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road
Marol, Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200 
Email: [email protected]

Valuation of Nirmitee Robotics IPO (FY2019)

Earnings Per Share (EPS): INR8.58 
Price/Earnings (PE ratio): 21.56 
Return on Net Worth (RONW): 10.45%
Net Asset Value (NAV): INR156.54 per share

Nirmitee Robotics IPO Subscription Details


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Nirmitee Robotics Contact Details

Nirmitee Robotics India Limited
C/o Manisha Sales,
D 3/2, Hingna MIDC,
Nagpur – 440028
Phone: 91 9422881677
Email: [email protected]

Nirmitee Robotics IPO Allotment Status

Nirmitee Robotics IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Listing Performance of Nirmitee Robotics

IPO Opening Date: 31 March 2020
IPO Closing Date: 9 April 2020
Finalisation of Basis of Allotment: 16 April 2020
Initiation of refunds: 17 April 2020
Transfer of shares to demat accounts: 20 April 2020
Listing Date: 21 April 2020
Opening Price on BSE SME: INR189 per share (up 2.16% from IPO price) 
Closing Price on BSE SME: INR189 per share (up 2.16% from IPO price)



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