SME IPO Status: Closed [15th Sep 2020 to 18th Sep 2020]
In an ongoing IPO season, another IPO – Advait Infratech IPO is added to the list. Advait Infratech SME IPO will open from 15th Sep 2020 to 18th Sep 2020. On this page, we are providing you the complete review of Advait Infratech IPO key dates, IPO price, IPO allotment, IPO subscription, and others.
Incorporated year: 2010
Headquarter: Ahmedabad
IPO Issue Size: Rs. 688.50 lakh
Website: http://www.advaitinfra.com/
Advait Infratech Limited is primarily engaged in offering a complete spectrum of products and solutions to the power sector. It operates in diversified segments or verticals such as Turnkey telecom projects, installation of Power Transmission, Sub Station and telecom products, Liasoning-marketing, and offering end solutions to overseas clients.
Since its establishment, Advait Infratech has expanded its product portfolio and currently, it consists of Optical Fibre Ground Wire (OFGW) and OFC cables, EHV insulators, Stringing tools for the construction of transmission lines, Earthing solutions, gas insulators Sub Station supply by partners, Carbon Core Conductors, Bird Diverters, and other specialized products to meet the infrastructure resources requirement of the power sector.
Some of the leading power sector companies like Adani Power, Adani Transmission, Power Grid Corporation of India, Siemens, Simplex Infrastructure Ltd, Skipper Ltd, Sterlite Power, Tata Projects Ltd, Techno Electric and Engineering Company, are the clients of Advait Infratech. Recently, in 2019, Advait Infra has entered into a joint venture with leading Chinese OFC manufacturer TG Group to establish TG Advait manufacturing unit in Gujarat. The unit manufactures OPGW and OFC cables.
The key objectives of the Advait Infratech IPO are pointed below;
Advait Infratech SME IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
| Advait Infratech Issue Details | Values |
|---|---|
| IPO Category | SME |
| SME IPO Issue Type | Fixed price IPO |
| SME IPO Issue Size | 13,50,000 equity shares at ₹51 per share |
| Face Value | ₹10 Per Equity Share |
| SME IPO Issue Price | ₹51 |
| SME IPO Discount | NA |
| Market Lot | 2000 Shares |
| Min Retail Qty | 2000 shares (1 lot) |
| Max Retail Qty | |
| Promoter Holding Pre IPO | 99.99% |
| Promoter Holding Post IPO | 73.51% |
| IPO Listing At | BSE SME |
| BSE Code | 543230 |
| NSE Code |
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 675,000 | 675,000 | 1,350,000 | 1 | 15th Sep 2020 18:51 | 0.05x | 0.13x | 0.09x | 2 | 16th Sep 2020 18:51 | 0.91x | 0.54x | 0.73x | 3 | 17th Sep 2020 18:51 | 1.37x | 1.43x | 1.40x | 4 | 18th Sep 2020 18:52 | 1.53x | 2.32x | 1.92x |
Past performance and financial results of Advait Infratech.
| Advait Infratech SME IPO Financials | 31-Dec-2019 | 31-Mar-2019 | 31-Mar-2018 | 31-Mar-2017 |
|---|---|---|---|---|
| Total Assets | ₹5,137.35 Lakh | ₹4,440.47 Lakh | ₹3,319.59 Lakh | ₹2,269.68 Lakh |
| Total Revenue | ₹3,383.92 Lakh | ₹2,852.38 Lakh | ₹4,535.45 Lakh | ₹2,963.51 Lakh |
| Net Profit/Loss | ₹130.67 Lakh | ₹249.02 Lakh | ₹624.34 Lakh | ₹426.53 Lakh |
In this section we have covered all important dates related to Advait Infratech SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.
| SME IPO Activity | Date |
|---|---|
| SME IPO Issue Open Date | 15th Sep 2020 |
| SME IPO Issue Close Date | 18th Sep 2020 |
| Basis of Allotment Finalisation Date* | 25th Sep 2020 |
| Refunds Initiation* | 28th Sep 2020 |
| Credit of Shares to Demat Account* | 29th Sep 2020 |
| SME IPO Listing Date* | 30th Sep 2020 |
* - Tentative Dates
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Advait Infratech SME IPO Draft Prospectus >>Document
Advait Infratech SME IPO Red Herring Prospectus >>Document
Advait Infratech SME IPO Allotment Status >>Link
Last Updated on 2020-09-28T00:48:17+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Advait Infratech SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Advait Infratech SME IPO with Zerodha.
Alternate approch to apply in Advait Infratech SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Advait Infratech SME IPO Review and Important Updates
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To subscribe or apply in Advait Infratech SME IPO, you can use the following methods:
| Advait Infratech SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Advait Infratech SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Advait Infratech SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Advait Infratech SME IPO. Most of the Syndicate Banks provide access to apply in Advait Infratech IPO via ASBA process. You must have your net banking access, DP ID information to apply in Advait Infratech SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Advait Infratech SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Advait Infratech SME IPO Review and Important Updates
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Advait Infratech SME IPO is going to be list on 30-09-2020. BSE Code for Advait Infratech is 543230.
Other relevant questions:
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Advait Infratech SME IPO Allotment Date is 25-09-2020.
Other relevant questions:
Advait Infratech SME IPO share allotment date?Advait Infratech SME IPO allotment date?
