Abhishek Integrations Limited IPO

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(i) The Company was incorporated as “Abhishek Integrations Limited” at Ahmedabad on November 10, 2017. It is “Class A” Gujarat Government approved contractor and having a team of around more than 490 employees on payrolls. It is engaged in the developing, operating, and maintaining of electrical and mechanical work and its installation at various Airports in India, Fire fighting solutions as a system integrator, perimeter light fittings at Airports.

(ii)  At present company is having around 24 projects in the hands of AAI. The projects are located at Ahmedabad, Allahabad, Aurangabad, Bhopal, Gaya, Gondia, Indore, Jabalpur, Jaipur, Jaisalmer, Jamnagar, Madurai, Patna, Pune, Tezpur and
Vadodara.

(iii) At first the organization was occupied with the matter of telecom and caballing work in BSNL however over the period, it has extended its item portfolio and now, it is full fledge occupied with creating, activity, and support of LT and HT Electrical and Mechanical work and its establishment at the terminal structure of air terminals, introducing and upkeep of Fire battling arrangements, GLF/Airfield Lighting System, Substation including edge light fittings, and LT switchgear at Airports in India.

Competitive Strength
(i) Vast Experience of around two Decades
(ii) Long term Relationship with the Clients
(iii)Timely completion of projects

 

Objects of the Abhishek Integrations Limited IPO:

The Issue Proceeds from Fresh Issue will be used for 1. Working Capital Requirements 2. General Corporate Purpose 3. To meet Public Issue Expenses
DRHP of Abhishek Integrations Limited IPO

Abhishek Integrations Limited IPO Details:

Open Date: Jun 08 2021
Close Date: Jun 11 2021
Total Shares: 990,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed
Issue Size: 4.95 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 50 Per Equity Share
Listing At: NSE Emerge

Promoters And Management:

Mr. Sanjay Narbada Dubey, aged 44 years, appointed as a director since the Incorporation of the Company. Later on, appointed as Managing Director for a term of 5 years w.e.f. February 1, 2021. He holds a Bachelor in Engineering (Electrical) from Government Engineering College, Hemchandracharya, North Gujarat University, Patan. He was a proprietor of M/s. Abhishek Associates. M/s. Abhishek Associates was specialized in the operation and maintenance project related to electrical and mechanical of Airport Authority of India and well supported by 500 employees. Mrs. Jyoti Sanjay Dubey, aged 44 years appointed as a director since the Incorporation of the Company. Later on, appointed as Whole Time Director for a term of 5 years w.e.f. February 1, 2021. She is Arts Graduate from Gujarat University. She is having experience of around 3 years in the Human Resources field. She is very efficient and dedicated towards the work and with the skills of HR. She is keen on making a fast decision and tackling perfectly Human Resources and administrative Department & cordially co-ordinating. Mr. Narbada Bhujavan Dwivedi, aged 70 years, is a Non-Executive (Non-Independent) Director of the Company. Mr. Narbada Bhujavan Dwivedi is an Arts Graduate from Gorakhpur University, Gorakhpur. He has experience of more than 10 years in the field of operation and maintenance. Mr. Sanjay Kukadia, aged 47 years, is an Associate Member of the Institute of Company Secretaries of India. He is in Practicing as Company Secretary since 2012 providing Secretarial and advisory services to the various Corporates including Corporate Restructuring and Compliances. He has an overall Professional Experience of more than 8 Years.

Financials of Abhishek Integrations Limited IPO:

Fig. in Lakhs
Year Revenue EBITDA OPM PAT NPM Shares EPS
2019 5 0.5 10% 0.14 3% 30 0.00
2020 73 5 7% 3 4% 30 0.10
2021 235 16 7% 11.89 5% 30 0.40

Comparison With Peers:

As per DRHP,  AIL has shown Ranjeet Mechatronics as its listed peer which is currently trading at a P/E of around 10.3

Recommendation on Abhishek Integrations Limited IPO:

Abhishek Integrations Limited IPO Rating by InvestorZone team: 1/10 The IPO Priced at P/E of 125. Company is doing merely an annual sales of 2.34 Crores and out of that 1.38 Crores is receivables. It means they are simply showing the sales on P&L statement without getting money back. Due to this they have negative cash flows from operations in 2021.

Lead Manager of Abhishek Integrations Limited IPO:

  1. Beeline Broking Limited

Registrar of Abhishek Integrations Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Shop No. 8-Parulnagar Shopping Centre, Nr. Bhuyangdev Cross Road, Sola Road, Ghatlodia, Ahmedabad- 380061 (Gujarat)

Discussion on Abhishek Integrations Limited IPO:

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