After a brief lull, the SME IPO segment has started to get back on track with new IPOs coming into the picture. Abhishek Integrations Ltd is the latest SME to have come up with an Initial Public Offering. Here’s some key Abhishek Integrations IPO details that you need to know.
About the company
Established as recently as 2017 in the state of Gujarat, Abhishek Integrations Limited is a contractor that works closely with the Gujarat government. The company is rated as a “Class A” government contractor by Gujarat and is in the business of operating and maintaining both electrical and mechanical works at various airports throughout the country.
In addition to that, Abhishek Integrations Ltd also undertakes development and installation of low tension (LT) and high tension (HT) electrical work, fire fighting solutions, airfield lighting systems, perimeter light fittings, and switchgears as well.
Currently, the company has around 24 active projects at various Airport Authority of India (AAI) facilities.
- Abhishek Integrations IPO details
Let’s now take a look at some of the key details of Abhishek Integrations Ltd IPO such as the Abhishek Integrations IPO date and the Abhishek Integrations IPO share price.
- Abhishek Integrations IPO date
The upcoming IPO is scheduled to open on June 8, 2021. After staying open for about 3 days, the issue will come to a close on June 11, 2021.
- Abhishek Integrations IPO issue size
The company is looking to sell around 9,90,000 equity shares through this latest IPO. The entity is likely to get around Rs. 4.95 crores as a result of this stake sale.
- Abhishek Integrations IPO share price
The share price of the new IPO of Abhishek Integrations Limited has been notified as Rs. 50 per equity share. With the face value of the shares being Rs. 10, around Rs. 40 per equity share would go towards the share premium.
- Abhishek Integrations IPO listing
Since Abhishek Integrations Ltd IPO is from the SME segment, the shares of the company are proposed to get listed on the National Stock Exchange’s EMERGE SME platform.
- Abhishek Integrations IPO objectives
The company has notified that it would use the net proceeds from its upcoming IPO for carrying out the following objectives.
- For meeting working capital requirements
- For meeting general corporate expenses
- For meeting public issue expenses
Conclusion
Interested in investing in this latest IPO from Abhishek Integrations Ltd? Open a trading and demat account from Motilal Oswal right now and start your investment journey.
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If you already have an existing account, you can start your online trading and invest in the upcoming IPO 2023.
With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.
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