A B Infrabuild Limited IPO – Review, Allotment status, Subscription, GMP & more
Last Updated Date: Nov 15, 2022A B Infrabuild provide various services such as civil and structural work, new station infrastructure, redevelopment of old stations, new railway lines, gauge conversion, track linking, track formation, the building of Rail Over Bridge, Foot Over Bridge, etc. A B Infrabuild Limited IPO consists of 44,28,000 Equity shares of Rs.10 each.
Let’s have a detailed review of the company and analytics of the A B Infrabuild IPO release date, IPO offer price, subscription, A B Infrabuild Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
A B Infrabuild Limited IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.8/10 |
| Industry Ranking | 8.7/10 |
| Company Background | 7.9/10 |
| Company Reputation | 8.6/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.7/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 7.9/10 |
| Star Ratings | ★★★★☆ |
Summary of A B Infrabuild Limited IPO
They provide various services such as civil and structural work, new station infrastructure, redevelopment of old stations, new railway lines, gauge conversion, track linking, track formation, the building of Rail Over Bridge, Foot Over Bridge etc.
They are engaged in the development of infrastructure for the last 10 years and have completed construction of Road Over Bridge ( ROB ) at various stations in the Central Railway and the Western Railway, Construction of Foot Over Bridges, Skywalks and elevated booking offices at many railway stations for the Mumbai Railway Vikas Corporation Ltd, Construction of new platforms for the Western Railway, Construction of new Station Buildings for the Western Railway and have also done repairs to the approach roads for the Western Railway.
They are also undertaking the reconstruction of Roads / Widening and construction of Pedestrian cum Vehicular Subways for the Municipal Corporation of Greater Mumbai and the Mumbai Metropolitan Region Development Authority.
They are also a pioneer in the Ready Mix Concrete Industry having a Ready Mix Concrete Plant with a fleet of 15 Transit Mixers at Kashimira Thane District, Maharashtra. Their company has received the Certificate of Compliance from Ready Mix Concrete Manufacturer’s Associations. Their Annual turnover for the year ended March 31, 2018, was Rs. 6053.05 lakhs.
According to the Restated Financial Statements:
The cumulative growth in the index of eight core industries was 4.2 per cent in 2017-18. Significant allocation to the infrastructure sector in the 12th Five-Year Plan and investment requirement of US$ 1 trillion is expected to create the huge demand for construction equipment in India. The country needs around 55 new airports by 2030 with an investment of US$ 36-45 billion. In the road’s sector, the government’s policy to increase private sector participation has proved to be a boon for the infrastructure industry with a large number of private players entering the business through the public-private partnership (PPP) model. During the next five years, investment through PPP is expected to be US$ 31 billion. India has a requirement of investment worth Rs. 50 trillion (US$ 777.73 billion) in infrastructure by 2022 to have sustainable development in the country.
Indian infrastructure sector witnessed 91 M&A deals worth US$ 5.4 billion in 2017. All villages in India will be connected through a road network by 2019 under Pradhan Mantri Gram Sadak Yojana (PMGSY). In August 2017, a new Metro Rail Policy was announced to boost private investment in the sector. In January 2018, the National Investment and Infrastructure Fund (NIIF) partnered with UAE-based DP World to create a platform that mobilises investments worth US$ 3 billion into ports, terminals, transportation, and logistics businesses in India. The Government is also working on improving energy infrastructure in the country and investment opportunities worth US$ 300 billion will be available in the sector in the coming 10 years.
The Promoter of this company is Mr Amit Bholanath Mishra. The lead manager to the issue is MARK CORPORATE ADVISORS PRIVATE LIMITED and BIGSHARE SERVICES PRIVATE LIMITED
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A B Infrabuild Limited IPO Date
The opening and the closing date of A B Infrabuild Limited IPO is 28 June – 5th July 2019.
A B Infrabuild Limited IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – Jun 28 | – | 0.03x | 0.04x | 0.03x |
| 2nd Day – Jul 1 | – | 0.13x | 0.07x | 0.10x |
| 3rd Day – Jul 2 | – | 0.34x | 0.25x | 0.30x |
| 4th Day – Jul 3 | – | 0.34x | 0.25x | 0.30x |
| 5th Day – Jul 4 | – | |||
| Shares Offered or Net Issue | – | 939,000 | 939,000 | 1,878,000 |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
A B Infrabuild Limited IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
A B Infrabuild Limited IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
A B Infrabuild Limited IPO Size & Share Offering
44,28,000 Equity Shares of Rs 10/- each, Issue Price is Rs 29, so it will be aggregated to Rs. 12.84 Crores.
A B Infrabuild Limited – Company Overview
Their Company, was incorporated as ‘A B Infrabuild Private Limited’ as a private limited company under the Companies Act, 1956 pursuant to Certificate of Incorporation dated March 06, 2011 issued by the Registrar of Companies, Maharashtra at Mumbai. Their Company took over the business of AB Enterprises, the proprietorship concern of their Promoter Mr. Amit Bholanath Mishra as per Agreement dated January 23, 2012 for a total consideration of Rs. 177,15,980 , which was paid by way of allotment of 17,71,598 Equity Share of Rs. 10/- each at par.
Subsequently, their Company was converted into a public limited company under the Companies Act and the name of their Company was changed to ‘A B Infrabuild Limited pursuant to fresh certificate of incorporation consequent upon change of name on conversion to public limited company dated June 20, 2019 issued by the Registrar of Companies, Maharashtra. Mumbai. Their company has been promoted by Shri Amit Bholanath Mishra, who has more than 20 years of experience in this industry. He is ably supported by Mr. Shreeprakash D Singh, Director Finance and Administration, Mr. Bharat Kumar Parmar, and Mr. Mukesh Pandey, Director Operations.
Competitive Strengths of A B Infrabuild Limited:
- Quality
- Transparency
- Marquee Clientele and Long Standing Relationship with Their Clients
- Modern Techniques and Innovation
- Experienced and Professional Team
- State of the Art Infrastructure Facility & Advanced Machinery
- Focused Presence and a Healthy Order Book
Business strategies of A B Infrabuild Limited Limited:
- Maximize revenue through capacity expansion and increase in efficiency
- Reduction in the cost of borrowing
- Enhancing production efficiency and minimize process losses
- Reduce operational costs and be cost competitive
- Have a consumer-centric approach and deliver quality products
- Deliver value for money to their clients
- Adopt best practices in all functions and processes
A B Infrabuild Limited Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 8,232.15 | 7,536.93 | 6,295.21 | 7,266.50 | 7,062.34 |
| Total Revenue | 6,108.79 | 7,398.65 | 7,516.09 | 9,085.27 | 8,728.58 |
| Total Expense | 5,179.99 | 6,722.46 | 6,732.78 | 8,139.48 | 7,944.12 |
| Profit After Tax | 157.23 | 27.71 | 16.95 | 40.79 | 56.39 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-17 | 31-Mar-17 | 31-Mar-16 | |
| Basic | 1.90 | 1.63 | 1.78 |
| Diluted | 1.90 | 1.63 | 1.78 |
From the above statements, one could find that the A B Infrabuild Limited may perform well.
A B Infrabuild Limited IPO – Promoters
The Promoter of this company are:
- Mr. Amit Bholanath Mishra.
List of Related Parties (Key Managerial Personnel)
- Mr Manish Gaur
- Mr Ashok S. Shetty
Interest in the promotion of the Company
The Promoter is interested in the promotion of the Company in his capacity as a shareholder of the Company and influencing significant control over the management and policy decisions of the Company.
Property Interest
The Promoter does not have any interest in any property acquired by or proposed to be acquired by the Company two years prior to the filing of the Prospectus.
Interest in Intellectual Rights of the Company
Promoters have not shown any interest in acquiring the intellectual rights of the company.
A B Infrabuild Limited IPO Offer Details or Issue Details
| Offer | 44,28,000 Equity Shares of Rs. 10/- each at an Issue Price of Rs. [•]/- each aggregating to Rs. [•] Lakhs |
| Of which | |
| Market Maker Reservation Portion | 2,24,000 Equity Shares of Rs. 10/- each at an Issue Price of Rs. [•] each aggregating to Rs. [•] Lakhs |
| Net Issue to Public | 42,04,000 Equity Shares of Rs. 10/- each at an Issue Price of Rs. [•] each aggregating to Rs. [•] Lakhs |
| of which | |
| Of which: | |
| Retail Portion | 21,04,000 Equity Shares of Rs. 10/- each at an Issue Price of Rs. [•] each aggregating to Rs. [•] Lakhs * |
| Non Retail Portion | 21,00,000 Equity Shares of Rs. 10/- each at an Issue Price of Rs. [•] each aggregating to Rs. [•] Lakhs |
| Pre and Post Issue Equity Shares |
|
| Equity Shares outstanding prior to the Offer | 82,41,447 Equity Shares of Rs. 10/- each |
| Equity Shares outstanding after to the offer | 1,26,69,447 Equity Shares of Rs. 10/- each |
| Use of Offer Proceeds | As the Offer comprises an Offer for Sale, the Company will not receive any proceeds from the Offer. |
A B Infrabuild Limited IPO Issue Object
- Monitoring of Utilization of Funds and
- General corporate purposes.
A B Infrabuild Limited IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Quality of the Service
- Transparency in the dealings with clients
- Marquee Clientele and long standing relationship with the clients
- Innovation and new techniques in Ready Mix Concrete
- State of Art Facility at Kashimira, Thane, Maharashtra
- Professional and experience work force
- Healthy Order Book
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-18 | 1.31 | 28.14 | – |
| 31-Mar-17 | 0.63 | – | – |
| 31-Mar-16 | 1.78 | – | – |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | – |
| Highest | – |
| Lowest | – |
- Competitive Peers:
| Particulars | Face Value (in Rs.) | Capital (Rs. in cr) |
Total Income (Rs. in Lakhs) |
EPS (In Rs.) | RONW | P/E Ratio | NAV (In Rs.) |
| A B Infrabuild Ltd | 10 | 6053.05 | 12.39 | 28.14 | – | 44.71 | |
| Peer Group | |||||||
| Man infra Construction Limited | 2 | 19286.71 | – | 2.98 | 10.11 | 14.59 | 29.41 |
| J Kumar Infra Project | 5 | 205071.90 | – | 18.05 | 8.95 | 11.58 | 20.60 |
Manorama Industries IPO Lead Managers
| Lead Managers |
| MARK CORPORATE ADVISORS PRIVATE LIMITED CIN: U67190MH2008PTC181996 404/1, The Summit Business Bay, Sant Janabai Road (Service Lane), Off W. E. Highway, Vile Parle (East), Mumbai-400 057. Contact Person: Mr. Manish Gaur Tel. No.: +91 22 2612 3207/08 E-Mail ID: smeipo@markcorporateadvisors.com SEBI Regn No.: INM000012128 Investor Grievance E-Mail ID: compliance@markcorporateadvisors.com |
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED CIN: U99999MH1994PTC076534 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makhwana Road, Marol, Andheri (E), Mumbai-400 059. Contact Person: Mr. Ashok S Shetty Tel No.: +91 22 2847 0652/4043 0200 E-Mail ID: ipo@bigshareonline.com SEBI Regn No.: INR000001385 |
Other Details:
- Statutory Auditor – Bhuwania & Agrawal Associates
- Bankers to the Company – Shamrao Vithal Co-Operative Bank Ltd. and Janata Sahakari Bank Limited
A B Infrabuild Limited IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.7/10 | 7.7/10 | 7.8/10 | 7.3/10 | 7.7/10 |
| Sharekhan | 7.4/10 | 7.4/10 | 7.5/10 | 7.7/10 | 7.8/10 |
| Kotak Securities | 7.7/10 | 7.4/10 | 7.3/10 | 7.8/10 | 7.5/10 |
| ICICI Direct | 7.8/10 | 7.7/10 | 7.5/10 | 7.5/10 | 7.7/10 |
| IIFL | 7.5/10 | 7.8/10 | 7.3/10 | 7.7/10 | 7.5/10 |
| Edelweiss | 7.3/10 | 7.5/10 | 7.7/10 | 7.3/10 | 7.3/10 |
| Zerodha | 7.7/10 | 7.3/10 | 7.7/10 | 7.5/10 | 7.7/10 |
| 5Paisa | 7.9/10 | 7.5/10 | 7.8/10 | 7.3/10 | 7.3/10 |
| Karvy | 7.7/10 | 7.3/10 | 7.5/10 | 7.5/10 | 7.7/10 |
| Motilal Oswal | 7.9/10 | 7.7/10 | 7.3/10 | 7.3/10 | 7.7/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
A B Infrabuild Limited IPO Grey Market Premium
The A B Infrabuild Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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