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IPO of A B Infrabuild Limited opens on 28 June. Price: Rs. 29

IPO of A B Infrabuild Limited opens on 28 June. Price: Rs. 29 1

Mumbai based A B Infrabuild Limited’s Initial Public Offering (IPO) opens on Friday, 28 June 2019. The IPO will consist of 44,28,000 Equity Shares of the face value of Rs.10 each for cash at a price of Rs. 29 per equity share including a share premium of Rs. 19 per equity share aggregating to Rs. 1284.12 lakhs, of which 2,24,000 equity shares of the face value of Rs. 10 each for cash at a price of Rs. 29 per equity share aggregating to Rs. 64.96 lakhs will be reserved for subscription by Market Maker to the Issue. The Net Issue is of 42,04,000 equity shares. Lead Managers of the Issue is Mark Corporate Advisors Private Limited. Registrar to the Issue is Bigshare Services Private Limited. Market Maker to the Issue is Asnani Stock Broker. The shares will be listed on NSE Emerge. The Issue will close on 03 July 2019.

A B Infrabuild Limited specializes in railway projects and provides various services such as civil and structural work, new railway station infrastructure, redevelopment of old railway stations, new railway lines, gauge conversion, track linking, track formation, building of Rail Over Bridge (ROB), Foot Over Bridge (FOB), etc. A B Infrabuild Limited is engaged in the development of infrastructure for the last 10 years and have completed construction of Road Over Bridge (ROB) at various stations in the Central Railway and the Western Railway, Construction of Foot Over Bridges, Skywalks and elevated booking offices at many railway stations for the Mumbai Railway Vikas Corporation Ltd, Construction of new platforms for the Western Railway, Construction of new Station Buildings for the Western Railway and have also done repairs to the approach roads for the Western Railway. The Company is also undertaking reconstruction of Roads / Widening and construction of Pedestrian-cum-Vehicular Subways for the BMC and MMRDA.

A B Infrabuild Limited has a robust Order Book of Rs. 369 Crores.

The Company is an ISO 14001: 2004, ISO 9001:2008 & OHSAS 18001:2007 accredited along with certification from BM TRADA for compliance of ISO & OHSAS Certification. The Company is a Grade “AA” Contractor registered with the BMC and Class 1(A) Contractor with PWD Maharashtra.

The IPO is made to meet the working capital requirements and general corporate purposes.

A B Infrabuild Limited’s revenues and profitability for the last three years are as under:

( Lakhs)

Particulars Fiscal 18 Fiscal 17 Fiscal 16
Revenues from operations: From Contract sale From RMC sale Total 3,429.07 2,623.98 6,053.05 2,851.36  4,493.11 7,344.47 3,218.77   5802.39 7,452.76
EBIDTA 928.79 676.19 783.32
Profit after tax 314.66 15.86 32.63
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