Advanced Sys-tek IPO Date, Review, Price and Key Information

Advanced Sys -tek Limited IPO is fully book build issue and it includes both fresh issue and offer for sale. The issue contains a fresh issue worth ₹115 crores. and offer for sale upto 0.15 crore shares

The dates for the Advanced Sys -tek IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The Advanced Sys -tek IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the Advanced Sys -tek IPO has not been announced yet.

Registrar for this IPO is MUFG Intime India Private Limited and lead managers for Advanced Sys -tek IPO are Inga Ventures Private Limited, Sowilo Capital Advisors LLP.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹10 Per Equity Share
Total Issue Size	1,527,500 Shares + ₹115 Crores
Fresh Issue	₹115.00 Crores
OFS Issue	1,527,500 Shares
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Advanced Sys -tek Limited Company

Advanced Sys-tek Limited has over 30 years of experience providing measurement, control, and industrial automation solutions, specializing in terminal automation for the oil & gas industry. They are a leading Indian player in this market, focusing on setting up automated metering systems and upgrading existing terminals. As of September 2024, they've completed over 200 installations across India and overseas.

The company's Industrial Automation (IA) Solutions include POL terminal automation systems, liquid and gas fiscal metering systems, and additive injection and blending systems. They also offer a suite of software solutions under trademarked names like ‘AST SCADA’, ‘STM’ and ‘Asset Surveiller’, for comprehensive automation applications, supported by partnerships with leading technology providers.

Their financial performance highlights include strong revenue growth from operations. The revenue from operations in FY24 was ₹187.94 crore. The company also focuses on delivering value to its stakeholders through Return on Net Worth which was 10.27% for FY24.

Advanced Sys -tek Limited Financial Details

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	260.26	270.36	177.94	165.63
Revenue	108.86	192.15	142.27	141.16
Profit After Tax	12.15	19.22	13.17	6.99
Net Worth	198.21	187.11	127.12	114.11
Reserves and Surplus	178.97	183.91	124.32	111.3

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
10.20	10.27	99.30	0.02	14.76%	20.27%

Offer Objectives

This document outlines the lock-in requirements and other details related to the company's upcoming offer. A minimum of 20% of the fully diluted post-issue equity share capital will be designated as the Minimum Promoter’s Contribution, subject to lock-in as per SEBI ICDR Regulations.

Promoter Lock-in: The Promoters agree not to sell, transfer, or encumber the Minimum Promoter’s Contribution from the date of filing the Draft Red Herring Prospectus until the expiry of the lock-in period. These shares are not ineligible for computation of Minimum Promoters’ Contribution and are not subject to any pledge or encumbrance.

Other Shareholders Lock-in: The entire pre-offer equity share capital held by persons other than the promoters will be locked-in for six months from the date of allotment. There are some exceptions to this rule for Offered Shares and certain categories of shareholders exempted under Regulation 17 of the SEBI ICDR Regulations.

Anchor Investor Lock-in: 50% of the Equity Shares allotted to Anchor Investors will be locked in for 30 days, and the remaining portion for 90 days from the date of Allotment.

Offer for Sale: The Offer for Sale comprises of upto 1,527,500 Equity Shares aggregating upto ₹[●] million or ₹[●] crore

Fresh Issue: The Fresh Issue comprises an offer of upto [●] Equity Shares aggregating upto ₹1,150 million or ₹115 crore

ESOP Scheme:The company has an employee stock option plan (ESOP Scheme). The maximum number of Equity Shares that may be issued pursuant to the exercise of options granted to participants under the ESOP Scheme shall not exceed 500,000 Equity Shares of the Company.

The net proceeds from the fresh issue, estimated to be ₹[●] million, will be utilized for funding capital expenditure (fabrication shed and solar rooftops), long-term working capital requirements, and general corporate purposes.