Advait Infratech Limited, established in 2010 and based in Ahmedabad, operates in the power infrastructure industry. The company offers a diverse range of products and services across various verticals to meet the demand of the power sector. Its product portfolio includes turnkey telecommunication projects, power transmission installations, power substations, and telecom products, as well as liaisoning and marketing services.
The company has completed over 100 projects and has a clientele base of more than 100 customers across the world. Its clients include reputed names such as Cobra, Jindal Steel & Power, Siemens, Sterlite Power, Tata Projects Ltd, JSW Energy, KEC International Ltd, Kalpataru Power Transmission Ltd, NSG Group, and NCC. Advait Infratech has a nationwide presence through affiliated members in Delhi, Kolkata, Ahmedabad, Chennai, Baroda, Hyderabad, and Mumbai. In 2019, the company established an OPGW and OFC cable manufacturing unit in Sanand, Gujarat through a joint venture with TG Group, a leading OFC manufacturer in China.
Advait Infratech SME IPO Details
| IPO Date | Sep 15, 2020 to Sep 18, 2020 |
| Listing Date | Sep 28, 2020 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,350,000 shares (aggregating up to ₹6.89 Cr) |
| Fresh Issue | 1,350,000 shares (aggregating up to ₹6.89 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Advait Infratech SME IPO Tentative Timetable
Advait Infratech SME IPO opens on Sep 15, 2020, and closes on Sep 18, 2020.
| Event | Tentative Date |
| Opening Date | Sep 15, 2020 |
| Closing Date | Sep 18, 2020 |
| Basis of Allotment | Sep 25, 2020 |
| Initiation of Refunds | Sep 28, 2020 |
| Credit of Shares to Demat | Sep 29, 2020 |
| Listing Date | Sep 30, 2020 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Industry Overview
The company operates in the power infrastructure industry, offering various services such as turnkey telecommunication projects, power transmission installation, power substations, and telecom products. The company has completed over 100 projects and serves a diverse clientele base of 100+ customers globally, including big names such as Jindal Steel & Power, Siemens, Tata Projects Ltd, and KEC International Ltd, among others. Additionally, the company has a nationwide presence through affiliated members in Delhi, Kolkata, Ahmedabad, Chennai, Baroda, Hyderabad, and Mumbai.
According to a report by Mordor Intelligence, the power transmission and distribution market in India is expected to grow at a compound annual growth rate (CAGR) of 6.2% during the forecast period of 2021-2026. The growth is attributed to the increasing demand for electricity, the adoption of smart grid technologies, and the government’s push towards renewable energy sources. With its focus on power infrastructure and telecom products, Advait Infratech Limited is well positioned to benefit from this growth trend in the industry.
Company Financials
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (Rs in lakhs) | ||
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 5,155.62 | 4,436.72 | 3,315.84 |
| Total Revenue | 4581.26 | 2,852.38 | 4,531.70 |
| Profit After Tax | 54.04 | 249.02 | 620.59 |
Objects of the Issue
Company purposes utilizing the net IPO proceed towards following objectives;
1. To meet general working capital requirement of the business
2. To meet general corporate purposes
Advait Infratech SME IPO Prospectus
Company Contact Information
Advait Infratech Limited
A-801 To 803 Sankalp Iconic, Opp. Vikram Nagar
Iscon Temple Cross Road, S.G Highway Ahmedabad,
Gujarat-380054
Phone: 91-79-48956677
Email: dipesh@advaitinfra.com
Website: http://www.advaitinfra.com/
Advait Infratech SME IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: ail.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Advait Infratech SME IPO Lead Manager(s)
- ISK Advisors Pvt Ltd (Past IPO Performance)
