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Abhishek Integrations Ltd.

BSE: 535383 Sector: Others
NSE: AILIMITED ISIN Code: INE0CAJ01017
BSE 05:30 | 01 Jan Abhishek Integrations Ltd
NSE 00:00 | 27 May 27.65 -1.45
(-4.98%)
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Abhishek Integrations Ltd. (AILIMITED) - Company History

Promoted by Mr. Sanjay Dubey Abhishek Integrations Ltdcommenced the business in the name of Abhishek Associates as proprietorship firm (Firm) in the year 2002. In the initially year firm was engaged in the business of telecommunication and caballing work in BSNL. Later on the during the year 2007-2011 firm carried out electrification work at various Railway platforms electrification and Earthing of ONGC at various locations in Ahmedabad Electrification of MIC Laboratory at ISRO Ahmedabad Operation & Maintenance of LT/HT Substation Hospital residential colony at various location of ESIC at Ahmedabad Kalol Jamnagar Surat Kandivali Marol Andheri. Since 2011 till February 28 2021 firm was full fledge engaged in Developing Operation and Maintenance of HT & LT Electrical and Mechanical and its installation at Terminal Buildings of Airports installation and maintenance of Fire Fighting solutions as a system integrator operation and maintenance of GLF/Airfield Lighting System Substation including perimeter light fittings at Airports LT switchgears at various Airports located in PAN India. Firm was majorly and exclusive engaged in work awarded by Airport Authority of India.The Company was incorporated as Abhishek Integrations Limited at Ahmedabad on November 10 2017 under the provisions of the Companies Act 2013 vide certificate of incorporation issued by Registrar of Companies Central Registration Centre with one of the main object to take over the activities either in whole or in part of the business property goodwill rights interests assets and liabilities of sole Proprietorship- Abhishek Associates and other Firms. During the year 2017 to 2021 the company was engaged in the developing operating and maintaining of electrical and mechanical installation at various Airports in India. On 01 March 2021the company has taken over going concern business of Abhishek Associates w.e.f. 01 March 2021. All the ongoing 16 projects of AAI which were forming part of work in progress in firm are transferred to the company as per business transfer agreement. Moreover all the project deposits given by the firm to AAI are transferred to the company.The Company has issued and allotted 120000 Equity Shares under Right Issue during the financial year 2019. Accordingly paid-up share of the Company is Rs. 1200000/- divided into 120000 equity shares of Rs. l0/- each.During the FY2021 53595 Equity Shares of Rs. 10/- each have been allotted at Rs. 13/- each (includingPremium of Rs. 3) on Right lssue basis on 07 January2021.On 06 March 2021500000 Equity Shares of Rs. 10/- each have been allotted at Rs. 50/- each (includingPremium of Rs. 40) on Right lssue basis.On 24 March 2021 1347190 Equity Shares of Rs. 10/- each have been allotted as Bonus Shares.During the first quarter of the FY2022the company has successfully completed its Initial Public Offer(IPO) of shares.The company has issued and allotted 3010785 equity shares of Rs 10 each at a premium of Rs 40 per share through IPO under the SME platform on the National Stock Exchange of India(NSE). Subsequentlythe allotted shares were listed on the NSE on 21 June 2021.

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