Nirmitee Robotics India Ltd

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.


Management Team:

  1. Mr. Jay Prakash Motghare (Designation: Whole-time Director)
  2. 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
Revenue 0.059 0.70 2.03 0.99
Net Profit 0.005 0.02 0.20 0.026


IPO Details:

Details Info
Issue Opens on 31st March 2020
Issue Closes on:. 9th April 2020
Issue Price Rs.185
Face Value Rs.10
Minimum Lot 600
Minimum Investment Rs.1,11,000
Issue Constitutes 29.19%
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


Important Dates:

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:
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:
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg Fort,
Mumbai – 400 001
Tel No.: +91 22 6216 6999