Incorporated in 2011, Mumbai based A B Infrabuild Limited is mainly engaged in providing Road Over Bridge (ROB ) and Foot Over Bridge (FOB) related services. The company also offers services in the area of new station infrastructure, civil & structural work, track formation, track linking, gauge conversion, and new railway lines. It is also involved in building road contracts, Infrastructure, and steel grinder bridges. AB Infrabuild is a contractor with the PWD Maharashtra and the Municipal Corporation of Greater Mumbai. As a contractor, it has an AA grade for dealing with the creation of infrastructure and operating a ready-mix concrete plant. Shri Amit Bholanath Mishra is the promoter of the company with more than 20-years of experience in the field.
AB Infrabuild IPO Date, Price, GMP, Review & Details
The major customers of the company are GCC Hotel Private Ltd, Sky Way Infrastructure Private Limited, Krypton Corp, Dev Engineers, Dedicated Freight Corridor Corporation of India Ltd., Central Railway, Mumbai Metropolitan Region Development Authority, Western Railway, Mumbai Railway Vikas Corporation Ltd, and Municipal Corporation of Greater Mumbai. The order book of the company consists of around 52% of the orders with Western Railway.
The competitive strengths of the company are:
1. Cost efficient and quality services.
2. A long-standing relationship with the clients.
3. New techniques
4. Advanced machinery
Company Promoters:
Mr Amit Bholanath Mishra is the promoter of the company.
Company Financials:
Summary of Financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 7,965.00 8,142.61 7,502.92 6,264.89
Total Revenue 4,011.04 6,053.05 7,344.47 7,452.76
Profit After Tax 270.36 314.66 15.86 32.63
Objects of the Issue:
The Objects of the Issue are:
1.) To meet the Working Capital Requirements
2.) General Corporate Purposes
AB Infrabuild IPO Details
Issue Open Jun 28, 2019 - Jul 3, 2019
Issue Type Fixed Price Issue IPO
Issue Size 4,428,000 Eq Shares of Rs 10
(aggregating up to Rs 12.84 Cr)
Fresh Issue 4,428,000 Eq Shares of Rs 10
(aggregating up to Rs 12.84 Cr)
Face Value Rs 10 Per Equity Share
Issue Price Rs 29 Per Equity Share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At NSE SME
AB Infrabuild IPO Tentative Date / Timetable
Bid/Offer Opens On Jun 28, 2019
Bid/Offer Closes On Jul 3, 2019
Finalization of Basis of Allotment Jul 9, 2019
Initiation of Refunds Jul 10, 2019
The credit of Shares to Demat Acct: Jul 10, 2019
IPO Shares Listing Date: Jul 11, 2019
AB Infrabuild IPO Promoter Holding
Pre Issue Share Holding 90.99%
Post Issue Share Holding 59.19%
Conclusion / Investment Strategy
With a focus on high margin railway contracts, the company is set for bright prospects ahead as Railway infra development is expected to be of high priority for the state of Maharashtra. Considering reasonable pricing and future prospects, Investors may consider parking of funds for long term.
stock market news, stock market, stock market news live, today stock market news, share market news today,news, market news, business news, stock market news today, share market,us news, stock market today, top market news, cable news, market, markets, share market news, finance news, breaking news, stock market investing, world news
No comments:
Post a Comment