Abhishek Integrations Ltd

About the Company:

Abhishek Integrations Ltd 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.

Company’s expertise is to provide end to end solution to AAI in the installation, designing, commission, testing, implementation, management and operational support for all kinds of electrical and mechanical work, fire fighting solution, perimeter lighting, Operation and maintenance of GLF/Airfield Lighting System, security work, supply of electrical and GLF spares to AAI.

Company is exclusive engaged in work awarded by Airport Authority of India (“AAI”).

Company is “Class A” Gujarat Government approved contractor and having team of around more than 490 employees on our payrolls.

Company is having around 22 projects on hands of AAI. The projects are located at Ahmedabad, Allahabad, Aurgabad, Bhopal, Gaya, Gondia, Indore, Jabalpur, Jaipur, Jaisalmer, Madurai, Patna, Pune, Tezpur and Vadodara.

Company has also been awarded project by AAI for operation and Maintenance of electrical and Maintenance located at Port Blair –South Andaman.

 

Company Exclusively works with AAI.

Company exclusively works with AAI and planning to work with AAI and other government/semi government authorities in many other regions in India and outside India.

Company has also awarded tender for supply of electrical and GLF spares to AAI in the region of Patna, Ahmedabad and Gondia.

In addition to above 22 projects on hands of AAI. Company have been recently awarded the project of AAI at Aurangabad having contract value of Rs. 83.69 Lakhs for ARMO of E & M installations of NITB, NAV-AIDS, Residential Colony and allied buildings at Aurangabad Airport for two years.

 

 

Services offered by the Company: 

 

 

Company’s Business Model:

Apart from Contractual company also has Fixed AMC Contracts of Operation and Maintenance of Electrical and Mechanical Work, perimeter lighting work, fire fighting solutions at various Airports of India and supply of electrical and GLF spares at AAI.

In short there is a mixed model of service as well as project revenue model. Company has got the contract for Annual Maintenance in different section of AAI.

 

 

Management Team:

  1. Mr. Sanjay Narbada Dubey (Designation: Chairman and Managing Director)
  2. Mrs. Jyoti Sanjay Dubey (Designation: Whole-Time Director)

 

 

 

 

Objectives of the Issue:

Fresh Issue: (Rs. 4.95 cr)

  • To Meet Incremental Working Capital Requirements
  • General Corporate Purpose.
  • To meet Public Issue Expenses.

 

 

Positives for the Company:

Diversify into new geographies.

Company plans to continue its strategy of diversifying across states and increase orders outside the state of Gujarat for the growth plan of our business.

Company’s firm Abhishek Associates which is taken over by our company have executed projects of AAI located at Ahmedabad, Jaipur, Gondia, Gaya, Aurangabad, Coimbatore, Mumbai, Goa, Calicut, Tirupati, and Bhopal.

With increased experience and success, company’s rate of expansion may geographically increase due to increase in number of projects we undertake.

 

 

Vast Experience especially of electrical and mechanical work at various Airports in India.

Company’s Promoter is having vast experience of around more than 15 years especially of electrical and mechanical work at various Airports in India,

Company has experience in Fire Fighting solutions as a system integrator, perimeter light fittings at Airports, end to end solution to AAI in the installation, designing, commission, testing, implementation, management and operational support for all kinds of electrical and mechanical work, Operation and maintenance of GLF/Airfield Lighting System, security work etc.

In addition, company’s core capabilities of design, engineering, procurement, construction and commissioning which makes us one stop solution in EPC services of various kind of fire protection and detections systems.

 

Financials of the Company: (in Lakhs)

(in Lakhs) FY 19 FY 20 FY 21
Revenue 5.69 73.01 235
Net Profit 0.14 3.00 11.89

 

 

Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Abhishek Integrations Ltd 10 0.78 63.70 4.19% 24.21
Ranjeet Mechatronics Ltd 10 1.03 12.65 5.64% 18.20

 

 

IPO Details:

Details Info
Issue Opens on 14th June 2021
Issue Closes on:. 16th June 2021
Issue Price Rs.50
Face Value Rs.10
Minimum Lot 3000
Minimum Investment Rs.1,50,000
Issue Constitutes 32.88%
Issue Size Rs.4.95 cr
Market Cap Rs.15.05 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 9,90,000
Equity Shares Prior to the Issue 20,20,785
Equity Shares after the issue 30,10,785

Also Read : List of Upcoming IPO’s in India.

 

IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
0.78 63.70 4.19% 24.21

 

Company Contact Info:
Abhishek Integrations Limited
Shop No. 8-Parulnagar Shopping Centre,
Nr. Bhuyangdev Cross Road,
Sola Road, Ghatlodia, Ahmedabad-380061;
Telephone No.: 079- 2743 3369
E-Mail: abhishekintegrationslimited@gmail.com
Web site: www.abhishekintegrations.com

 

IPO Registrar Info:
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai – 400 083, Maharashtra
Tel. Number: +91 22 4918 6200
Email Id: ail.ipo@linkintime.co.in
Website: www.linkintime.co.in

 

Lead Manager to the Issue:
BEELINE BROKING LIMITED
807, Phoenix Tower, Opp. New Girish Cold Drinks,
Near Vijay Cross Roads, Navrangpura, Ahmedabad – 380 009
Telephone Number: +91 79 4840 5357
Investors Grievance Id: ig@beelinebroking.com
Website: www.beelinebroking.com