IPO Issue Details
Issue Price / Price Band₹185 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size1,75,200 shares (aggregating up to ₹3.24 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 31 Mar 2020
Subscription CloseThu, 09 Apr 2020
Anchor AllotmentMon, 30 Mar 2020
Basis of AllotmentThu, 16 Apr 2020
Initiation of RefundsFri, 17 Apr 2020
Credit of Shares to DematMon, 20 Apr 2020
Listing DateTue, 21 Apr 2020
UPI Mandate Deadline2020-04-09
Application & Investment Details
Retail — Min (1 Lots)₹1,11,000 — 600 shares
Retail — Max (13 Lots)₹1,443,000 (13 Lots)
HNI — Min (2 Lots)₹2,22,000 — 1,200 shares
P/E Ratio (Pre-IPO)185x
Net Offer to Public1,65,600 shares (aggregating up to ₹3.06 Cr)
Reserved for Market Maker9,600 shares (aggregating up to ₹0.1776 Cr)
Pre-IPO Promoter Holding4,24,998 shares
Post-IPO Promoter Holding6,00,198 shares
About Nirmitee Robotics India Ltd
Incorporated in 2016, Nirmitee Robotics India Ltd makes robots using robotic technology to offer ozone sterilization and HVAC duct cleaning services. It has customized robots that are controlled by machines to scrub, polish, scrap, remove dust, bacteria, and debris and to sanitize the duct for more months.The company has patented duct cleaning robots to do cleaning, inspection, and post-cleaning operations. These robots have an advanced controller mechanism along with a high-resolution camera.Nirmitee Robotics serves a wide range of industries such as convention centers, trains, hospitals, offices, and builds house sensitive equipment such as data centers. It is an ISO certified company to implement a quality management system and work across different regions.Competitive Strengths1. Advanced Technology2. Positive Social and Environmental Impact3. Qualified Management Team
Objects of the Issue
Nirmitee Robotics India Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Redemption of Preference Shares
1.75
2
Security Deposit towards acquisition of Registered Office, R & D facility & assembling unit
1.00
3
General Corporate Purpose
0.08
Shareholding & Lock-in
Pre-IPO Promoter Holding
4,24,998 shares
Post-IPO Promoter Holding
6,00,198 shares