IPO Issue Details
Issue Price / Price Band₹50 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size9,90,000 shares (aggregating up to ₹4.95 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 08 Jun 2021
Subscription CloseFri, 11 Jun 2021
Anchor AllotmentMon, 07 Jun 2021
Basis of AllotmentWed, 16 Jun 2021
Initiation of RefundsThu, 17 Jun 2021
Credit of Shares to DematThu, 17 Jun 2021
Listing DateMon, 21 Jun 2021
UPI Mandate Deadline2021-06-11
Application & Investment Details
Retail — Min (1 Lots)₹1,50,000 — 3,000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (2 Lots)₹3,00,000 — 6,000 shares
Net Offer to Public9,36,000 shares (aggregating up to ₹4.68 Cr)
Reserved for Market Maker54,000 shares (aggregating up to ₹0.2700 Cr)
Pre-IPO Promoter Holding20,20,785 shares
Post-IPO Promoter Holding30,10,785 shares
About Abhishek Integrations Ltd.
Incorporated in 2017, Abhishek Integrations Limited is a "Class A" Gujarat Governed contractor that is engaged in developing, operating, and maintenance of electrical and mechanical work and its installation at various airports in India.Initially the company was engaged in the business of telecommunication and caballing work in BSNL but over the period, it has expanded its product portfolio and now, it is full fledge engaged in developing, operation & maintenance of LT & HT Electrical and Mechanical work and its installation at terminal building of airports, installing and maintenance of Fire fighting solutions, GLF/Airfield Lighting System, Substation including perimeter light fittings, and LT switchgears at Airports in India.The firm has currently 24 ongoing projects of Airport Authority of India (AAI) located at Ahmedabad, Allahabad, Aurgabad, Bhopal, Gaya, Gondia, Indore, Jabalpur, Jaipur, Jaisalmer, Jamnagar, Madurai, Patna, Pune, Tezpur and Vadodara.Competitive strengthsMore than 2 decades of experience in the industry.High-quality and cost-effective project delivery capabilities.Timely project execution.Strong long-term relationship with clients.
Objects of the Issue
Abhishek Integrations Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To Meet Incremental Working Capital Requirements
3.30
2
2 General Corporate Purpose
1.15
Shareholding & Lock-in
Pre-IPO Promoter Holding
20,20,785 shares
Post-IPO Promoter Holding
30,10,785 shares