Abhishek Integrations Limited, established in 2017, is a Gujarat Government-approved “Class A” contractor that focuses on the development, operation, and maintenance of electrical and mechanical installations in various airports across India. The company’s initial involvement was in telecommunication and cabling work for BSNL, but it has since diversified its product portfolio to include a full range of services, including LT & HT Electrical and Mechanical work and installation at terminal buildings, Firefighting solutions, GLF/Airfield Lighting System, Substation, perimeter light fittings, and LT switchgears at Airports in India.
At present, the company is involved in 24 Airport Authority of India (AAI) projects across various locations including Ahmedabad, Allahabad, Aurangabad, Bhopal, Gaya, Gondia, Indore, Jabalpur, Jaipur, Jaisalmer, Jamnagar, Madurai, Patna, Pune, Tezpur, and Vadodara.
Abhishek Integrations IPO Details
| IPO Date | Jun 8, 2021 to Jun 11, 2021 |
| Listing Date | Monday, June 21, 2021 |
| Face Value | ₹10 per share |
| Price | ₹50 per share |
| Lot Size | 3000 Shares |
| Issue Size | 990,000 shares of ₹10 (aggregating up to ₹4.95 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Abhishek Integrations IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Jun 8, 2021 |
| Closing Date | Jun 11, 2021 |
| Basis of Allotment | Jun 16, 2021 |
| Initiation of Refunds | Jun 17, 2021 |
| Credit of Shares to Demat | Jun 17, 2021 |
| Listing Date | Jun 21, 2021 |
Industry Overview
The growth of the services sector is influenced by both domestic and global factors. It is predicted that the Indian facilities management market will exceed the US$ 19 billion threshold, growing at a CAGR of 17% between 2015 and 2020, thanks to the thriving real estate, retail, and hospitality industries. The healthcare sector is projected to reach US$ 132 billion by 2023, while India’s digital economy is forecasted to reach US$ 1 trillion by 2025. Additionally, the country’s IT and business services sector is expected to achieve 8% growth and a value of US$ 14.3 billion by the end of 2023.
Company Financials
| Particulars | For the year/period ended (₹ in lakh) | ||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 362.24 | 27.37 | 14.42 |
| Total Revenue | 235.57 | 73.01 | 5.69 |
| Profit After Tax | 11.89 | 3 | 0.14 |
Objects of the Issue
The net proceed from the IPO will be utilized towards the following purposes;
- To meet incremental working capital requirements.
- To meet general corporate purposes.
- To meet public issue expenses.
Abhishek Integrations IPO Prospectus
Company Contact Information
Abhishek Integrations Limited
Shop No. 8-Parulnagar Shopping Centre
Nr. Bhuyangdev Cross Road, Sola Road
Ghatlodia, Ahmedabad – 380061
Phone: 079- 27433369
Email: abhishekintegrationslimited@gmail.com
Website: http://www.abhishekintegrations.com/
Abhishek Integrations IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ail.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Abhishek Integrations IPO Lead Manager(s)
- Beeline Broking Ltd (Past IPO Performance)
