A B Infrabuild Ltd is set to debut in the stock market with an issue size ₹12.84 Cr. Road Over Bridge (ROB) and Foot Over Bridge (FOB) related services, as well as new station infrastructure, civil & structural work, track formation, track connection, gauge conversion, and new railway lines, are all provided by A B Infrabuild Ltd. It works with the PWD Maharashtra and the Municipal Corporation of Greater Mumbai as a contractor.
A B Infrabuild Ltd IPO Details
| IPO Date | Jun 28, 2019 to Jul 3, 2019 |
| Listing Date | Jul 12, 2019 |
| Face Value | ₹10 per share |
| Price | ₹29 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,428,000 shares(aggregating up to ₹12.84 Cr) |
| Fresh Issue | 4,428,000 shares(aggregating up to ₹12.84 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
AB Infrabuild IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Jun 28, 2019 |
| Closing Date | Jul 3, 2019 |
| Basis of Allotment | Jul 9, 2019 |
| Initiation of Refunds | Jul 10, 2019 |
| Credit of Shares to Demat | Jul 10, 2019 |
| Listing Date | Jul 11, 2019 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Company Overview
A B Infrabuild Ltd is a Mumbai-based firm that provides services connected to Road Over Bridge (ROB) and Foot Over Bridge (FOB). It also provides services such as new station infrastructure, civil and structural work, track formation, track connection, gauge conversion, and the construction of new railway lines. It has an AA grade for dealing with infrastructure construction and operating a ready mix concrete factory and is a contractor with the PWD Maharashtra and the Municipal Corporation of Greater Mumbai. GCC Hotel Private Ltd, Sky Way Infrastructure Private Limited, Krypton Corp, Dev Engineers, Dedicated Freight Corridor Corporation of India Ltd., Central Railway, Mumbai Metropolitan Region Development Authority, Western Railway, and Mumbai Railway Vikas Corporation Ltd. are among the company’s major customers.
Industry Overview
A B Infrabuild Limited is an Indian infrastructure company that operates in the fields of construction, engineering, and real estate development. The company offers a range of services, including building and designing of residential and commercial properties, civil construction, and project management. A B Infrabuild Limited focuses on delivering quality projects within stipulated timelines and at competitive prices. The company has a team of experienced professionals who are well-equipped to handle various construction projects. A B Infrabuild Limited has established itself as a reliable and trusted player in the Indian infrastructure sector, and has undertaken several prestigious projects across the country. The company is committed to sustainable development and adopts environmentally friendly practices in its operations.
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 7,965.00 | 8,142.61 | 7,502.92 | 6,264.89 | |
| Total Revenue | 4,011.04 | 6,053.05 | 7,344.47 | 7,452.76 | |
| Profit After Tax | 270.36 | 314.66 | 15.86 | 32.63 |
Objects of the Issue
The Company intends to apply the Net Funds from the Offering to the following purposes:
- To fulfil the requirements for working capital
- General Corporate Objectives
Strengths
- Expertise in construction and engineering
- Diversified service portfolio
- Strong project management capabilities
- Commitment to quality and timely delivery
- Strong reputation in the Indian infrastructure sector
Weaknesses
- Dependence on the Indian infrastructure sector
- Exposure to regulatory and policy risks
- Vulnerability to economic fluctuations
A B Infrabuild Ltd Lead Manager(s)
- Mark Corporate Advisors Private Limited
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
Company Contact Information
A B Infrabuild Limited
104, Shubhangan CHS Ltd, Jawahar Nagar, Near Railway Crossing,
Goregaon (West), Mumbai-400 062
Phone: +91 22 2871 2113/14
Email: cs@abinfrabuild.com
Website: http://www.abinfrabuild.com/
Company Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
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