About the Company:
Nirmitee Robotics India Ltd is a tech based company making robots using robotic technology, and we are engaged in providing HVAC Duct Cleaning and Ozone sterilization services with these robots.
Company makes custom- made robots– operated by machines that clean the inside of HVAC Air Ducts – by scrubbing, polishing, sucking, scraping and removal of the accumulated contaminants.
Company has its own fleet of patented, duct cleaning robots, which are employed in its service to do the inspection, cleaning and post-cleaning operations. All these robots are fitted with an advanced controller mechanism and a high resolution camera.
Company is equipped and experienced to handle all kinds of HVAC Air Duct Cleaning, no matter whatever the complexity is. We serve a broad range of industries e.g.- we offer service to offices, convention centers, hospitals, train and we specialize in Buildings that house Sensitive Equipment like Data Centers.
Company has built in-house training and development programs for continuous training needs identification and delivery. Our training covers on-site rules and regulations, processes; soft skills, Hard Skills across housekeeping, maintenance, customer services and environment, Health and Safety, fire etc.
Company is certified by ISO 9001:2015. This certification allows us to implement Quality Management System and operating successfully in various regions.
What is HVAC System?
The initials HVAC stand for Heating, Ventilation and Air Conditioning. They describe the functions of an HVAC system. This mechanical system’s design is primarily an attempt to take control of the environmental conditions inside the space one works. This is mainly done by controlling the temperature of a room through heating and cooling.
Competition in the Business.
The Duct Cleaning Service Market is highly fragmented and competitive in nature and characterized by the presence of globally operating companies, such as Daikin Industries Limited, Voltas Limited, and Johnson Controls International plc and various local domestic players.
Thus, Company faces competition from various local domestic and international players.
- Mr. Jay Prakash Motghare (Designation: Whole-time Director)
- Mr. Kartik Eknath Shende (Designation: Non-Executive Director)
Objectives of the Issue:
- Redemption of Preference Shares
- Security Deposit towards acquisition of Registered Office, R & D facility & assembling unit
- General Corporate Purpose
Peer Group Comparison:
We believe that there is no other listed company which is specifically comparable to Nirmitee Robotics India Ltd w.r.t. to the business model, size and financials. Hence we cannot make any Comparison.
Financials of the Company:
|(in Crores)||FY 17||FY 18||FY 19||30th Sept 19|
|Issue Opens on||31st March 2020|
|Issue Closes on:.||9th April 2020|
|Issue Size||Rs.3.24 cr|
|Market Cap||Rs.11.10 cr|
|Listing at||BSE Startups|
|Equity Shares Offered (Fresh)||1,75,200|
|Equity Shares Prior to the Issue||4,24,998|
|Equity Shares after the Issue||6,00,198|
|Finalization of Basis of Allotment||on or Before 16th April 2020|
|Initiation of Refunds||on or Before 17th April 2020|
|Credit of Equity Shares:||on or Before 20th April 2020|
|Listing Date:||on or Before 21st April 2020|
|Company Contact Info:|
|Nirmitee Robotics India Ltd
C/o Manisha Sales, D 3/2,
Hingna MIDC, Nagpur – 440028.
Tel No: +91 9422881677
|IPO Registrar Info:|
|BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road, Marol,
Andheri East, Mumbai – 400 059
Tel. No.: +91 22 6263 8200
|Lead Manager to the Issue:|
|ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg Fort,
Mumbai – 400 001
Tel No.: +91 22 6216 6999