Nimstech Industries IPO is a proposed SME public issue by Nimstech Industries Limited. The official Draft Prospectus dated 25 December 2023 proposed a fixed-price issue of 15,93,000 equity shares of face value ₹10 each at an issue price of ₹44 per share, aggregating to ₹7.01 crore. The issue was proposed to be listed on the SME Platform of BSE Limited.
The proposed issue consists entirely of a fresh issue of equity shares, with no Offer for Sale component in the Draft Prospectus. The company proposed to use the issue proceeds for purchasing and furnishing a registered office, meeting incremental working capital requirements, general corporate purposes, and issue-related expenses.
Nimstech Industries Limited is engaged in the business of water purification systems, waste management, and renewable energy solutions for public and private sector customers. The company also trades solar panels and supplies a range of equipment and components used in water treatment, municipal solid waste management, and related environmental applications.
The company provides products and services such as mineral water plants, water ATMs, segregation carts, dustbins, mobile toilet vans, hydraulic tractor trollies, weighbridges, organic waste composting machines, road sweeping machines, round ductile iron pipes, and billing machines. It also provides municipal solid waste management machinery and equipment, primarily serving municipalities in Gujarat.
Table of Contents
Nimstech Industries IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | Nimstech Industries IPO |
| Company Name | Nimstech Industries Limited |
| IPO Type | Fixed Price Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹44 Per Share |
| Issue Size | ₹7.01 Crore |
| Fresh Issue | 15,93,000 Equity Shares |
| Offer for Sale | Nil |
| Issue Method | Fixed Price Issue |
| Listing Exchange | BSE SME |
| Lot Size | 3,000 Equity Shares |
| IPO Open Date | Yet to be Updated |
| IPO Close Date | Yet to be Updated |
| Basis of Allotment | Yet to be Updated |
| Refund Initiation | Yet to be Updated |
| Shares Credited to Demat Account | Yet to be Updated |
| Listing Date | Yet to be Updated |
| Registrar | Skyline Financial Services Private Limited |
| Book Running Lead Manager | Turnaround Corporate Advisors Private Limited |
The official Draft Prospectus proposed an issue of 15,93,000 equity shares at ₹44 per share, including 81,000 shares reserved for the market maker and 15,12,000 shares forming the net issue. The issue was proposed to constitute 29.81% of the post-issue paid-up equity share capital.
Nimstech Industries IPO Dates
| IPO Event | Date |
|---|---|
| IPO Opening Date | Yet to be Updated |
| IPO Closing Date | Yet to be Updated |
| Basis of Allotment | Yet to be Updated |
| Refund Initiation | Yet to be Updated |
| Shares Credited to Demat Account | Yet to be Updated |
| Listing Date | Yet to be Updated |
The official Draft Prospectus did not contain final bidding dates. Therefore, the opening date, closing date, allotment date, refund date, demat credit date, and listing date should be updated only after the company releases the applicable final issue documents and timetable.
Nimstech Industries IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Yet to be Updated |
| Non-Institutional Investors (NII) | Yet to be Updated |
| Retail Individual Investors (RII) | Yet to be Updated |
The official Draft Prospectus was prepared for an SME fixed-price issue and provides the issue structure, market maker reservation and net issue details. Final category-wise reservation should be taken from the latest applicable issue document once the IPO timetable and final issue structure are announced.
Nimstech Industries IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 1 Lot (3,000 Shares) | ₹1,32,000 |
| Retail Maximum | 1 Lot (3,000 Shares) | ₹1,32,000 |
| S-HNI Minimum | Yet to be Updated | Yet to be Updated |
The minimum lot size stated in the Draft Prospectus was 3,000 equity shares. At the proposed issue price of ₹44 per share, one lot represented an application value of ₹1,32,000.
About Nimstech Industries Limited
Nimstech Industries Limited was incorporated on 26 November 2021 and is headquartered in Gandhinagar, Gujarat. The company acquired the running business, assets and liabilities of Nims Technology, a sole proprietorship concern of promoter Nimeshkumar Parsotambhai Patel, through a Business Transfer Agreement dated 27 April 2023.
The company operates across water purification, waste management and renewable energy solutions. Its activities include supplying water purification equipment, municipal solid waste management machinery, solar panels and other products used by government departments, municipalities, educational organisations and private-sector customers.
Business Operations
Nimstech Industries Limited operates across environmental and utility-focused business segments offering a diversified range of products and solutions.
- Water Purification Systems – The company supplies and markets components and systems used for water purification and treatment applications.
- Mineral Water Plants – It is involved in the installation and supply of mineral water plant solutions for customers requiring treated and purified water.
- Water ATMs – The company supplies water ATM solutions designed for controlled and accessible distribution of purified drinking water.
- Waste Management Equipment – It supplies equipment and machinery used for municipal solid waste management and waste-handling applications.
- Dustbins and Segregation Carts – The company markets dustbins, waste containers and segregation carts for municipal and institutional waste-management requirements.
- Mobile Toilet Vans – It supplies mobile toilet solutions for public and institutional sanitation requirements.
- Organic Waste Composting Machines – The company supplies composting equipment used to process organic waste.
- Road Sweeping Machines – It supplies machinery used for road-cleaning and municipal sanitation activities.
- Hydraulic Tractor Trollies – The company supplies hydraulic tractor trolley equipment used in waste collection and related applications.
- Weighbridges – It supplies weighbridge-related equipment for weighing and management of material movement.
- Solar Panels – The company is also involved in trading solar panels and renewable-energy-related products.
- Other Equipment – Its product portfolio includes round ductile iron pipes, billing machines and other equipment required by customers.
Industry Overview
India’s water treatment, waste management and renewable energy sectors are supported by increasing urbanisation, environmental awareness, infrastructure development and the need for efficient public utility services. Industrial activity and population growth increase the requirement for water purification, wastewater management and municipal solid waste solutions.
The waste management sector also presents opportunities as municipalities and public institutions increasingly focus on collection, segregation, treatment and disposal of waste. Growing investment in sanitation, water infrastructure and renewable energy can support demand for companies supplying related equipment and solutions.
However, the industry remains competitive and can be influenced by government spending, tender activity, regulatory requirements, raw material costs, customer concentration and the timing of public-sector projects.
Business Strategy
Nimstech Industries Limited aims to strengthen its presence in water purification, waste management and renewable energy solutions by expanding its product offerings and customer relationships. The company focuses on supplying a broad range of environmental and utility products to government departments, municipalities, institutions and private-sector customers.
The proposed IPO proceeds were intended partly for incremental working capital requirements. Additional working capital can support inventory, receivables and day-to-day business requirements as the company seeks to increase its operating scale.
Nimstech Industries IPO Financial Information
A company’s financial performance provides valuable insights into its revenue growth, profitability, operating efficiency and financial stability. Reviewing the financial statements over multiple periods helps investors understand the company’s historical performance and the scale at which it operates.
Nimstech Industries Financial Summary
| Particulars | 31-03-2022 | 31-03-2023 | 31-08-2023 |
|---|---|---|---|
| Total Revenue | ₹122.15 Lakh | ₹328.18 Lakh | ₹287.02 Lakh |
| EBITDA | ₹1.57 Lakh | ₹48.98 Lakh | ₹79.23 Lakh |
| Profit After Tax (PAT) | ₹1.02 Lakh | ₹20.72 Lakh | ₹48.04 Lakh |
| Net Worth | ₹16.02 Lakh | ₹37.09 Lakh | ₹376.51 Lakh |
| Total Borrowings | ₹35.00 Lakh | ₹578.46 Lakh | ₹259.87 Lakh |
| Total Share Capital | ₹15.00 Lakh | ₹15.00 Lakh | ₹25.00 Lakh |
The restated financial information in the Draft Prospectus shows growth in revenue and profitability between FY2022 and FY2023. Total revenue increased from ₹122.15 lakh in FY2022 to ₹328.18 lakh in FY2023, while EBITDA increased from ₹1.57 lakh to ₹48.98 lakh. Profit after tax increased from ₹1.02 lakh to ₹20.72 lakh over the same period.
For the five-month period ended 31 August 2023, the company reported total revenue of ₹287.02 lakh, EBITDA of ₹79.23 lakh and profit after tax of ₹48.04 lakh. Net worth stood at ₹376.51 lakh and total borrowings at ₹259.87 lakh for the same period.
Nimstech Industries IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors assess profitability, operating efficiency, financial strength and capital utilisation. These indicators provide additional information for evaluating the company alongside its revenue, earnings, borrowings and net worth.
| KPI | Value |
|---|---|
| Return on Capital Employed (ROCE) | 14.88% |
| Current Ratio | 1.76 |
| Debt-to-Equity Ratio | 15.59 |
| Earnings Per Share (EPS) | ₹19.22 |
| Net Asset Value (NAV) Per Share | ₹150.60 |
| Price to Earnings (P/E) | Yet to be Updated |
The restated financial information reported EPS of ₹19.22 and NAV per equity share of ₹150.60 for the five-month period ended 31 August 2023. The Draft Prospectus also reported ROCE of 14.88%, while the available financial summary shows a high debt-to-equity ratio, which investors should consider while evaluating the company’s financial structure.
The P/E ratio cannot be calculated reliably for the proposed issue without a confirmed current issue price and the appropriate earnings period. It should therefore be updated from the final issue documents rather than estimated.
Objects of the Nimstech Industries IPO
The company intends to utilise the net proceeds from the fresh issue for the following purposes:
- Purchase of a registered office and furnishing of the same – approximately ₹74.43 lakh.
- Meeting incremental working capital requirements – approximately ₹466.49 lakh.
- General corporate purposes – approximately ₹125.00 lakh.
- Issue-related expenses – approximately ₹35.00 lakh.
The total proposed utilisation of the IPO proceeds was ₹700.92 lakh. The largest portion was proposed for incremental working capital requirements, followed by general corporate purposes and the purchase and furnishing of a registered office.
Nimstech Industries IPO Listing Performance
The listing performance reflects how the company’s shares perform on the stock exchange after the IPO. Since the Nimstech Industries IPO has not been allotted and listed under the proposed issue structure, the actual listing price and listing gain are not available.
| Particular | Value |
|---|---|
| Listing Exchange | BSE SME |
| Listing Date | Yet to be Updated |
| Issue Price | ₹44 Per Share |
| Listing Price | To be updated |
| Listing Gain | To be updated |
| Listing Gain (%) | To be updated |
The Draft Prospectus proposed listing on the SME Platform of BSE Limited and identified BSE as the designated stock exchange. The issue price proposed in the Draft Prospectus was ₹44 per equity share.
Nimstech Industries IPO Subscription Status
The subscription figures indicate the level of investor participation received during the IPO bidding period. Strong subscription can indicate investor interest, although subscription data alone should not be treated as a measure of long-term investment potential.
Nimstech Industries IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Employee Category | To be updated |
| Total Subscription | To be updated |
The final subscription figures will be available only after the issue opens and closes under a confirmed IPO timetable. Investors should evaluate the subscription figures along with the company’s financial performance, valuation, business model and risk factors.
Nimstech Industries IPO Review
Nimstech Industries Limited operates in businesses linked to water purification, waste management and renewable energy solutions. Its product range covers several environmental and utility applications, giving the company exposure to multiple customer requirements across government, municipal, institutional and private-sector markets.
The company’s operations include water treatment products, municipal waste management equipment, sanitation solutions, solar panel trading and other utility equipment. Its focus on environmental infrastructure provides exposure to sectors that can benefit from urbanisation, sanitation requirements, environmental awareness and public infrastructure spending.
The company has reported improvement in revenue and profitability between FY2022 and FY2023. The five-month period ended August 2023 also showed higher EBITDA and PAT compared with the previous financial year. However, the company remains relatively small in scale, and its financial structure includes significant borrowings compared with net worth.
Investors should also consider the company’s limited operating history as a corporate entity, dependence on order flow, competitive environment, working capital requirements and exposure to government and municipal business opportunities before making an investment decision.
Overall, Nimstech Industries operates in sectors with long-term relevance, particularly water treatment and waste management. However, investors should carefully evaluate the latest official offer document, valuation, financial performance, customer concentration, order visibility and debt position before investing.
Nimstech Industries IPO Strengths
- Diversified product portfolio covering water purification, waste management, renewable energy and utility equipment.
- Exposure to environmental infrastructure through water treatment and municipal solid waste management solutions.
- Presence across multiple customer segments including government departments, municipalities, institutions and private-sector customers.
- Improvement in revenue and profitability between FY2022 and FY2023.
- Growing relevance of waste management and water treatment driven by urbanisation and environmental requirements.
- Fresh issue proceeds directed partly towards working capital, supporting the company’s operating requirements.
Nimstech Industries IPO Risk Factors
- The company has a relatively limited operating history since its incorporation in 2021.
- High debt-to-equity ratio may increase financial risk and interest-related pressure.
- Dependence on order flow can make revenue and profitability sensitive to the timing and volume of orders.
- Government and municipal business may be affected by tender cycles, project delays and public spending.
- The company operates in competitive markets including water treatment, waste management and renewable energy.
- Working capital requirements may increase as the company expands its business and customer base.
Nimstech Industries IPO Promoters
Nimstech Industries Limited is promoted by Mr. Nimeshkumar Parsotambhai Patel and Mrs. Sonal Nimesh Patel. The promoters have been associated with the company since its incorporation, with Nimeshkumar Parsotambhai Patel serving as Managing Director.
Nimstech Industries IPO Promoters Details
| Promoter | Designation |
|---|---|
| Nimeshkumar Parsotambhai Patel | Promoter & Managing Director |
| Sonal Nimesh Patel | Promoter |
As per the Draft Prospectus, Nimeshkumar Parsotambhai Patel held 96.40% of the pre-issue share capital and Sonal Nimesh Patel held 0.60%, while the total promoter and promoter group holding was 97.60%.
Nimstech Industries IPO Management Team
The company is managed by a team responsible for business operations, financial management, corporate governance and execution of its environmental and utility-focused business activities. The management structure should be considered along with the experience of the promoters and directors and their ability to execute the company’s expansion plans.
| Name | Designation |
|---|---|
| Nimeshkumar Parsotambhai Patel | Managing Director |
| Sonal Nimesh Patel | Director |
| Mahendrakumar Ramanlal Patel | Director |
| Ketankumar Sureshbhai Daraji | CFO |
| Saloni Mehra | Director |
| Apra Sharma | Director |
Corporate records identify Nimeshkumar Parsotambhai Patel as Managing Director and Ketankumar Sureshbhai Daraji as CFO, while other directors include Sonal Nimesh Patel, Mahendrakumar Ramanlal Patel, Saloni Mehra and Apra Sharma.
Nimstech Industries IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, crediting equity shares to successful applicants, initiating refunds and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | Skyline Financial Services Private Limited |
| Website | https://www.skylinerta.com |
| IPO Allotment Status | To be updated |
| Email ID | [email protected] |
| Contact Number | +91-11-40450193-197 |
The Draft Prospectus identifies Skyline Financial Services Private Limited as the registrar to the issue.
Nimstech Industries IPO Lead Manager Details
The Lead Manager is responsible for managing the IPO process, coordinating regulatory compliance and assisting the company throughout the public issue.
| Particular | Details |
|---|---|
| Lead Manager | Turnaround Corporate Advisors Private Limited |
Turnaround Corporate Advisors Private Limited was identified as the Lead Manager to the proposed issue in the Draft Prospectus.
Nimstech Industries Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Nimstech Industries Limited |
| Registered Office | Plot No. 38, GIDC Estate, Sector-25, Gandhinagar, Gujarat – 382024 |
| Website | https://www.nimstech.com |
| Email ID | [email protected] |
The company’s registered and corporate office is located at Plot No. 38, GIDC Estate, Sector-25, Gandhinagar, Gujarat.
How to Check Nimstech Industries IPO Allotment Status
Investors can check the IPO allotment status after the basis of allotment is finalised through the registrar’s website or the applicable BSE IPO portal.
Through Skyline Financial Services Private Limited
- Visit the official Skyline Financial Services IPO allotment portal.
- Select Nimstech Industries IPO from the IPO list.
- Choose the applicable option such as PAN Number, Application Number or DP/Client ID.
- Enter the required details.
- Click Submit to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select Nimstech Industries IPO from the list of IPOs.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to view the allotment result.
Nimstech Industries IPO Conclusion
Nimstech Industries IPO provides investors with an opportunity to participate in a company operating across water purification, waste management and renewable energy solutions. Its diversified range of environmental and utility products gives it exposure to sectors associated with infrastructure development, sanitation, water treatment and municipal waste management.
The company has demonstrated improvement in revenue, EBITDA and profitability in the financial information disclosed in its Draft Prospectus. The proposed IPO proceeds were intended to support working capital, purchase and furnishing of a registered office, general corporate purposes and issue expenses.
However, investors should also consider the company’s limited corporate operating history, relatively small scale, borrowings, working capital requirements and dependence on order flow. The proposed issue was a fixed-price SME issue, which carries different liquidity and trading considerations compared with Mainboard IPOs.
A detailed assessment of the latest official offer document, financial performance, valuation, debt position, business prospects, promoter background and final IPO terms can help investors determine whether the Nimstech Industries IPO is suitable for their investment objectives.
Nimstech Industries IPO FAQs
What is Nimstech Industries IPO?
Nimstech Industries IPO is the proposed SME public issue of Nimstech Industries Limited. The Draft Prospectus proposed a fixed-price issue of 15,93,000 equity shares at ₹44 per share, aggregating to ₹7.01 crore.
What is the price of Nimstech Industries IPO?
The official Draft Prospectus proposed an issue price of ₹44 per equity share. A newer final price should be updated only after the applicable final issue document is released.
What is the issue size of Nimstech Industries IPO?
The proposed issue size was ₹7.01 crore, comprising 15,93,000 fresh equity shares of face value ₹10 each at an issue price of ₹44 per share.
When will the Nimstech Industries IPO open?
The opening date of the Nimstech Industries IPO has not been officially confirmed in the available Draft Prospectus. The final bidding schedule is yet to be updated.
When will the Nimstech Industries IPO close?
The closing date has not been officially confirmed in the available issue documents. The final IPO timetable should be updated after an official announcement.
On which stock exchange will Nimstech Industries shares be listed?
The Draft Prospectus proposed listing the equity shares on the SME Platform of BSE Limited, with BSE as the designated stock exchange.
Who is the registrar for the Nimstech Industries IPO?
Skyline Financial Services Private Limited is identified as the registrar to the proposed Nimstech Industries IPO.
What is the face value of Nimstech Industries IPO shares?
The face value of each equity share is ₹10 according to the official Draft Prospectus.
What does Nimstech Industries Limited do?
Nimstech Industries Limited operates in water purification, waste management and renewable energy solutions. It also trades solar panels and supplies environmental and utility equipment to government, municipal, institutional and private-sector customers.
What are the objects of the Nimstech Industries IPO?
The proposed IPO proceeds were intended for purchasing and furnishing a registered office, meeting incremental working capital requirements, general corporate purposes and issue-related expenses.
