Nirmitee Robotics India IPO is all about to make its debut on Mar 31, 2020, with an issue size of INR ₹3.24CR. Nirmitee Robotics India Ltd was founded in 2016 and manufactures robots to provide ozone sterilization and HVAC duct cleaning services. To scrub, polish, scrape, remove dust, bacteria, and debris and to sterilize the duct for additional months, it has specialized robots that are controlled by machines.
The business has designed duct-cleaning robots for cleaning, inspection, and post-cleaning tasks. These robots have a sophisticated controlling system and a sharp camera.
Nirmitee Robotics provides services to a variety of businesses, including data centers, hospitals, railways, convention halls, and other buildings that store sensitive technology. It is an organization with ISO certification that uses a quality management system and operates globally.
INDUSTRY OVERVIEW
With GDP for 2019 lowered once more to 3 percent, the global economy is experiencing a synchronized decline, which is the slowest rate since the global financial crisis. From 3.80 percent in 2017, when the world was experiencing an upswing, this represents a significant decline. Rising trade barriers, increased trade, and geopolitical uncertainty, idiosyncratic issues straining certain emerging market economies, and structural reasons including slow product development and an aging population in advanced nations are all contributing contributors to this muted growth.
The estimated global growth rate in 2020 is expected to slightly increase to 3.4%, which represents a reduction of 0.2% from our April predictions. Contrary to the synchronized decline, this recovery is fragile and not widespread.
Nirmitee Robotics IPO Details
| IPO Date | Mar 31, 2020 to Apr 9, 2020 |
| Listing Date | Tuesday, April 21, 2020 |
| Face Value | ₹10 per share |
| Price | ₹185 per share |
| Lot Size | 600 Shares |
| Issue Size | 175,200 shares of ₹10 (aggregating up to ₹3.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| P/E (x) | 185 |
| Market Cap (₹ Cr.) | 11.1 |
Nirmitee Robotics IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Mar 31, 2020 |
| Closing Date | Apr 9, 2020 |
| Basis of Allotment | Apr 16, 2020 |
| Initiation of Refunds | Apr 17, 2020 |
| Credit of Shares to Demat | Apr 20, 2020 |
| Listing Date | Apr 21, 2020 |
Company Financials
| Summary of financial Information (Restated) | |||||
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
| 30-Sep-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 225.22 | 238.65 | 105.99 | 12.37 | |
| Total Revenue | 99.84 | 203.59 | 70.22 | 5.91 | |
| Profit After Tax | 2.63 | 20.73 | 2.16 | 0.53 |
Objects of the Issue
The Objects of the Net Issue is to raise funds for:
1. Redemption of Preference Shares
2. Acquisition of Registered Office, R & D facility & assembling unit on a long-term sustainable basis
3. General Corporate Purpose
Nirmitee Robotics IPO Prospectus
Company Contact Information
Nirmitee Robotics India Ltd
C/o Manisha Sales,
D 3/2, Hingna MIDC,
Nagpur – 440028, Maharashtra
Phone: +91 9422881677
Email: info@nirmiteerobotics.com
Website: http://www.nirmiteerobotics.com
Nirmitee Robotics IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Nirmitee Robotics IPO Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
