Advait Infratech IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

Let’s have a detailed review of the company and analytics of the Advait Infratech Limited IPO release date, IPO offer price, subscription, Advait Infratech IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Advait Infratech IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.4/10
Industry Ranking7.1/10
Company Background8.2/10
Company Reputation7.7/10
Competitive Edge7.2/10
Financial Statements8.0/10
Popularity Index7.6/10
Promoters Reputation8.0/10
Retail Appetite7.5/10
Top Brokers Review8.1/10
Overall Ratings7.5/10
Star Ratings★★★★☆

Summary of Advait Infratech IPO

Advait Infratech IPO

Their company is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.

They operate with various verticals such as 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, Trading of the similar products, and manufacturing through OEM of the stringing Tools

From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements

  • Their Revenue from Operations are 96.92% for the period ended December 31,2019 and 98.31%, 95.75% and 96.97% respectively, for the fiscal years 2019, 2018 and 2017.
  • In fiscal 2019, Revenue from Operations had decreased by Rs.1,538.37 lakhs or 35.43%, from Rs.4342.49 lakhs in Fiscal 2018 to Rs.2,804.12. lakhs in Fiscal 2019. The decrease in the Fiscal 2019 was due to decrease in the sale of products.

The Promoters of this company are Mr. Shalin Sheth & Mrs Rejal Sheth. The lead manager to the issue is ISK ADVISORS PRIVATE LIMITED. The Registrar to this issue is KFIN TECHNOLOGIES PRIVATE LIMITED.



Advait Infratech IPO Dates / Launch Date

The opening and the closing date of Advait Infratech IPO is not known yet.


Advait Infratech IPO Subscription 

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Advait Infratech IPO Allotment Status

Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Advait Infratech IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Advait Infratech IPO Price Band / Cash Price

The face value of each share is Rs.10, and the cash price of the IPO is [●]. 


Advait Infratech IPO Size

This Initial Public Issue of 13,50,000 Equity Shares of Rs.[●] each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] lakhs


Advait Infratech IPO Share Offering

Public Issue: The Fresh Issue of 13,50,000 Equity Shares by their Company of Rs.10 each at a price of [●] per equity share aggregating to Rs.[●] lakh,

Net Offer: The Net Offer of up to 12,82,000 Equity Shares of Rs.10 each at price of Rs.[●] per Equity Shares aggregating to Rs.[●] lakhs


Advait Infratech Limited – Company Overview

Their company was incorporated as Advait Infratech Private limited on March 15, 2010 under Companies Act, 1956. The Name of the company was subsequently changed to “Advait Infratech Limited” pursuant to a special resolution passed by the shareholders of the company at the Extra Ordinary General Meeting held on October 21, 2019.

Their company is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields. A fresh certificate of incorporation consequent upon change of name was issued on November 29, 2019 by the Registrar of Companies, Ahmedabad.

Advait Infratech Major Products and Solutions

The major Products and Solutions offered by them are as below :
1) Optical Fibre Ground Wire (OPGW) and OFC cables and its solutions,.
2) Insulators for the the EHV – Extra High Voltage Transmission Lines,
3) Stringing Tools for construction of Transmission lines
4) Gas Insulators Sub Stations supply from their partners and providing end to end solutions
5) Earthing Solutions
6) Transmission line and Sub Station Lines specialized products,

Advait Infratech – Expansion

Their Company has expanded its verticals by venturing into manufacturing of OPGW (Optical Fibre Ground Wire) and OFC Cables. Their Company has put up a manufacturing company, TG Advait India Private Limited through a joint venture with Jiangsu Tongguang Optical Fiber Cable Co.,Ltd.

Advait Infratech – Revenue Model

Their revenue model is summarized as below:

  • Supplies for Power Transmission
  • Power Substation Installation
  • Telecommunication Infrastructure

Advait Infratech Limited: Business strategies

  • Capitalize on growing demand for power infrastructure in India
  • Improving Technical capabilities& Movement in Supply Chain
  • Well Strategized Growth Plan
  • Improving functional efficiencies

Advait Infratech Ltd – Financial Statements

On the basis of Standalone statement:

Amount (in INR & Lakhs)
31-Dec-1931-Mar-19Mar-1831-Mar-17
Total Assets5,137.354,440.473,319.592,269.68
Total Revenue3,383.922,852.384,535.452,963.51
Total Expense3,070.792,457.983,686.632,313.55
Profit After Tax130.67249.02624.34426.53

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
31-Dec-19Mar-1931-Mar-1831-Mar-17
Basic & Diluted3.486.6416.6411.37

Advait Infratech IPO – Promoters

The Promoters of this company are:

  • Mr. Shalin Sheth
  • Mrs Rejal Sheth

List of Related Parties (Key Managerial Personnel)

  • Mrs. Rejal Sheth, Whole Time Director and Chief Financial Officer
  • Mr Dipesh Panchal, Company Secretary & Compliance Officer

Interest in promotion of the Company

Their Company is currently promoted by the promoters of the company to carry on its present business. Their Promoters are interested in their Company to the extent of their shareholding and directorship in their Company and the dividend declared, if any, by their Company.

Interests of Promoter in property of their Company

Their Promoters have confirmed that they do not have any interest in any property acquired by their Company within three years preceding the date of this Draft Prospectus or proposed to be acquired by their Company as on the date of this Draft Prospectus.


Advait Infratech IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares OfferedUp to 13,50,000 Equity Shares, aggregating up to Rs.[●] lakhs
 Of which:
Issue Reserved for the Market MakerUpto 68,000 Equity Shares, aggregating Rs.[●] lakhs
Upto 12,82,000 Equity Shares, aggregating Rs.[●] lakhs
Of which:
Net Issue to the PublicUpto 6,41,000 Equity Shares for allocation for Investors of up to Rs.2.00 lakhs
Upto 6,41,000 Equity Shares for allocation for Investors of above Rs.2.00 lakhs
 Equity Shares outstanding prior to the Issue37,50,000 Equity Shares
 Equity Shares outstanding after the IssueUp to 51,00,000 Equity Shares

Advait Infratech IPO Issue Object

The Objects of the Net Issue is to raise funds for:
(a) Working Capital Requirement
(b) General Corporate Purpose

Advait Infratech Limited: Competitive Strength

  • Existing Client Base
  • Selective bidding with a focus on effective execution record
  • Strong Order Book and Financial Position
  • Experienced Promoters and a well trained employee base
  • Optimal Utilization of Resources

Advait Infratech IPO – Basis of the Offer Price

The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.

Qualitative factors are:

  • Existing Client Base
  • Selective bidding with a focus on effective execution record
  • Strong Order Book and Financial Position
  • Experienced Promoters and a well trained employee base
  • Collaborations with Supplier
  • Optimal Utilization of Resources

Advait Infratech IPO – Quantitative Factors

Basic & Diluted EPSRONW in %NAV (Rs.)
31-Mar-1711.3742.42
31-Mar-1816.6438.18
*31-Mar-196.6413.2053.79
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.10 of Rs.[●] per each
ParticularsP/E ratio
Highest43.6
Average10.4
Lowest0.5

Advait Infratech Limited: Competitive Peers

They believe that no other listed company which is specifically comparable to them with respect to size and their business model.


Advait Infratech IPO Lead Managers

Lead Managers
ISK ADVISORS PRIVATE LIMITED
501, A. N. Chambers, 130, Turner Road, Bandra West, Mumbai-400 050
Tel No.: +91 – 22 – 26431002
Email: ncmpl@ncmpl.com
Website: www.iskadvisors.com
Investor Grievance Email: enquiry@ncmpl.com
Contact Person: Mr. Ronak I. Kadri
SEBI Registration No. INM000012625

Advait Infratech IPO Registrar to Offer

Registrar to the Offer
KFIN TECHNOLOGIES PRIVATE LIMITED
Selenium Tower-B, Plot No. 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana – 500 032.
Tel No.: +91 – 40 – 6716 2222 Fax: +91 40 2343 1551
Email: ail.ipo@kfintech.com; Website: www.kfintech.com
Investor Grievance Email: einward.ris@kfintech.com
Contact Person: Mr. M. Murali Krishna
SEBI Registration No.: INR000000221

Other Details:

  • Statutory Auditor – V.GOSWAMI & CO.
  • Legal Counsel to the Company – MR. AYAAN A. PATEL, ADVOCATE
  • Bankers to the Company – YES BANK LIMITED

Advait Infratech IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Advait Infratech IPO Grey Market Premium

The Advait Infratech 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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Advait Infratech IPO News

News 1Advait Infratech IPO  [Download DRHP Prospectus]


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