IPO Issue Details
Issue Price / Price Band₹15 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size8,000 Shares per Lot
Total Issue Size28,72,000 shares (aggregating up to ₹4.31 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 14 Mar 2018
Subscription CloseFri, 16 Mar 2018
Anchor AllotmentTue, 13 Mar 2018
Basis of AllotmentThu, 22 Mar 2018
Initiation of RefundsFri, 23 Mar 2018
Credit of Shares to DematFri, 23 Mar 2018
Listing DateMon, 26 Mar 2018
UPI Mandate Deadline2018-03-16
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 8,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 16,000 shares
Net Offer to Public27,20,000 shares (aggregating up to ₹4.08 Cr)
Reserved for Market Maker1,52,000 shares (aggregating up to ₹0.2280 Cr)
Pre-IPO Promoter Holding70,40,000 shares
Post-IPO Promoter Holding99,12,000 shares
About Advitiya Trade India Ltd.
Incorporated in 2017, Advitiya Trade India Limited is Paharganj, Central Delhi based company engaged in the trading of glass products, aluminium products, cotton fabrics, Printing Machines and other products. The promoters of the company have been in this business through family proprietary concerns. The promoter family has been operating under various other proprietary concerns in similar line of business since 1996.Company's strengths1. Experienced Promoters and a well trained employee base.2. Strong Balance Sheet and Financial Condition with low debt and high equity.3. Existing relationships helps company to get repeat business from its customers.
Objects of the Issue
Advitiya Trade India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirements
3.70
2
2 Funding expenditure for General Corporate Purposes
0.18
Shareholding & Lock-in
Pre-IPO Promoter Holding
70,40,000 shares
Post-IPO Promoter Holding
99,12,000 shares