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

Last Updated Date: Aug 31, 2023

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.

Face Value	Rs 10
Price Band	Rs 51
Listing At	SME Platform of BSE Limited
Min. Order Quantity	2000 Shares
Listing Date	[●]
Fresh Issue	Rs 6.89 Crores
IPO Size	Rs 6.89 Crores
Tick Size	[●]

Advait Infratech IPO Review & Ratings by Top10StockBroker

IPO Ratings & Review
Criteria	Ratings
Industry Sentiments	7.4/10
Industry Ranking	7.1/10
Company Background	8.2/10
Company Reputation	7.7/10
Competitive Edge	7.2/10
Financial Statements	8.0/10
Popularity Index	7.6/10
Promoters Reputation	8.0/10
Retail Appetite	7.5/10
Top Brokers Review	8.1/10
Overall Ratings	7.5/10
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

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 Sep 15, 2020 and Sep 18, 2020.

Advait Infratech IPO Subscription

Day / Date	QIB	NII	RII	Total Subscription
1st Day – Sep 15
2nd Day – Sep 16
3rd Day – Sep 17
4th Day – Sep 18
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 Rs.51.

Advait Infratech IPO Size

This Initial Public Issue of 13,50,000 Equity Shares of Rs.10 each for cash at a price of Rs.51 per equity share aggregating to Rs.6.89 Crores

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 51 per equity share aggregating to Rs.6.89 Crores,

Net Offer: The Net Offer of up to 13,50,000 Equity Shares of Rs.10 each at price of Rs.51 per Equity Shares aggregating to Rs.6.89 Crores

Route Mobile IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Route Mobile Share Price

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-Mar-20	31-Mar-19	Mar-18
Total Assets	5,155.62	4,436.72	3,315.84
Total Revenue	4581.26	2,852.38	4,531.70
Total Expense	3544	2,457.98	3,686.63
Profit After Tax	54.04	249.02	620.59

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
	31-Mar-20	Mar-19	31-Mar-18
Basic & Diluted	11.71	8.62	6299.80

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.

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 Offered	Up to 13,50,000 Equity Shares, aggregating up to Rs.6.89 Crores
Of which:
Issue Reserved for the Market Maker	Upto 68,000 Equity Shares, aggregating Rs.[●] Crores
	Upto 12,82,000 Equity Shares, aggregating Rs.[●] Crores
Of which:
Net Issue to the Public	Upto 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 Issue	37,50,000 Equity Shares
Equity Shares outstanding after the Issue	Up 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 EPS	RONW in %	NAV (Rs.)
31-Mar-17	11.37	42.42	–
31-Mar-18	16.64	38.18	–
*31-Mar-19	6.64	13.20	53.79

Price to Earnings (P/E) ratio in relation to Price band of Rs.10 of Rs.[●] per each

Particulars	P/E ratio
Highest	43.6
Average	10.4
Lowest	0.5

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

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Advait Infratech IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review	Company Reputation	Competitive Edge	Financial Statement	Popularity Index	Promoters Reputation
Angel Broking	7.5/10	7.4/10	8.5/10	8.1/10	7.1/10
Sharekhan	7.2/10	7.1/10	8.6/10	8.1/10	7.2/10
Kotak Securities	7.3/10	7.5/10	8.4/10	8.1/10	7.3/10
ICICI Direct	7.3/10	7.3/10	8.7/10	8.1/10	7.1/10
IIFL	7.5/10	7.2/10	8.8/10	8.0/10	7.1/10
Edelweiss	7.5/10	7.4/10	8.4/10	8.3/10	7.2/10
Zerodha	7.4/10	7.1/10	8.5/10	8.1/10	7.0/10
5Paisa	7.1/10	7.1/10	8.4/10	8.1/10	7.1/10
Karvy	7.4/10	7.3/10	8.2/10	8.1/10	7.1/10
Motilal Oswal	7.1/10	7.1/10	8.6/10	8.3/10	7.2/10