Advait Infratech Limited

Advait Infratech Limited SME IPO Details

Advait Infratech Limited IPO Subscription Period from 15th September to 18th September 2020:

To begin with, Advait Infratech Limited embodied in 2010 and located in Ahmedabad. The company operates in the power infrastructure industry. The IPO subscription period will start on 15th September and it will end on 18th September 2020.

IPO Details:

Bid Period  15th September to 18th September 2020
IPO Type Fixed Price Issue IPO
IPO Size 13,50,000 Eq Shares of Rs. 10 (aggregating up to Rs. 6.89 Cr)
Fresh Issue  13,50,000 Eq Shares of Rs. 10 (aggregating up to Rs. 6.89 Cr)
Face Value Rs. 10 per equity share
IPO Price Rs. 51 per equity share
Market Lot 2000 Shares
Minimum Order Quantity 2000 Shares
Listing At BSE SME

The company introduced a ‘Fixed Price Issue‘ type initial public offering with the face value of Rs. 10 per equity share. Initially, Advait Infratech Ltd. provided an issue size of 13,50,000 equity shares with an aggregating of Rs. 6.89 Cr. Similarly, the price band of the issue from Rs. 51 per equity share. Moreover, the company providing the fresh issue of 13,50,000 shares with an aggregating of Rs. 6.89 Cr. 

The market lot and minimum order quantity of the issue is 2,000 shares per each. If any investor should invest in this company with a minimum investment amount should be Rs. 1,02,000 (1 lot=2,000 shares). Also, the maximum investment amount should be Rs. 1,02,000 (1 lot= 2,000 shares). 

Advait Infratech Limited Promoter Holdings:

The promoters of this initial public offer are Mr Shalin Sheth and Mrs Rejal Sheth.

Pre Issue Share Holding 99.99%
Post Issue Share Holding

The object of the Advait Infratech, it wants to utilize the IPO raised amount for the working capital requirements, general corporate purpose. The company shares will be list on the BSE SME.

SME IPO Registrar:

KFintech Private Limited

Nanakramguda, Rangareddi,

Telangana, India – 500 032.

Phone: +1-800-3454001

Email: [email protected]

Website: http://karisma.kfintech.com/

Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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