Advanced Sys-tek IPO

Advanced Sys-tek Ltd. withdrew its IPO documents filed with SEBI on February 27, 2025. The proposed Book Building IPO comprised a fresh issue of ₹115 crore and an OFS of up to 0.15 crore equity shares. The shares were proposed to be listed on NSE and BSE, with Inga Ventures Pvt. Ltd. as the lead manager and MUFG Intime India Pvt. Ltd. as the registrar. 

Industry Outlook 

1. Rising ethanol blending demand at oil terminals is expected to increase supply chain complexity, creating greater demand for automation in the petrochemical sector. 
2. India’s petrochemical automation market grew at a CAGR of 8.6% between CY19 and CY23. 
3. The Indian petrochemical automation industry is projected to grow at a CAGR of 15.5% from CY24 to CY29, driven by advancements aimed at improving operational intelligence, efficiency and sustainability. 

Advanced Sys-tek IPO Objectives  

The company plans to utilise the net proceeds from the IPO for the following purposes: 

1. Capital Expenditure: A portion of the IPO proceeds will be used to fund the company’s capital expenditure requirements, estimated at ₹9.31 crore. 
2. Long-Term Working Capital: The company plans to allocate ₹70 crore towards meeting its long-term working capital requirements. 
3. General Corporate Purposes: The remaining proceeds will be utilised for general corporate purposes 

About Advanced Sys-tek Limited  

Advanced Sys-tek Ltd., incorporated in March 1988, provides instrumentation automation, terminal automation and metering solutions across India and international markets. The company has over 30 years of experience in design, engineering, procurement, project execution, installation, software development, commissioning, after-sales support and technical training. Its product portfolio includes SmartLoad batch controllers, earthing relays, Sentry card readers, Smart Overspill Detectors and EarthMon systems.  

As of September 30, 2024, the company had completed more than 200 installations in India and overseas. It also provides anti-icing additive systems for aircraft jet fuel and manufactures diesel exhaust fluid (DEF) through its subsidiary. The company has executed POL terminal automation projects across nine Asian and African countries, including Bangladesh, Ghana, Nigeria, Oman, Switzerland and Saudi Arabia. As of September 30, 2024, it had 172 permanent employees. 

How To Check the Allotment Status of the Advanced Sys-tek IPO? 

Steps to check IPO allotment status on Angel One’s app: 

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email. 

How To Apply for Advanced Sys-tek IPO Online? 

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Advanced Sys-tek IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

Contact Details of Advanced Sys-tek IPO  

Registered Office: Advanced Sys-tek Ltd. Address- 299/300, GIDC Makarpura, B/H Novino Battery, Vadodara, Gujarat, 390010 

Phone: +91 2656190375 

E-mail: compliance@advancedsystek.com 

Advanced Sys-tek IPO Reservation 

Advanced Sys-tek IPO Promoter Holding 

The promoters of the company are Mukesh R Kapadia, Umed Amarchand Fifadra, Shobha Mukesh Kapadia and Usha Umed Fifadra. 

Advanced Sys-tek IPO Prospectus 

• Advanced Sys-tek IPO RHP 

Advanced Sys-tek IPO Registrar and Lead Managers 

Advanced Sys-tek IPO Lead Managers 

• Inga Ventures Pvt.Ltd.
• Sowilo Capital Advisors LLP 

Registrar for Advanced Sys-tek IPO 

MUFG Intime India Pvt.Ltd. 

• Contact Number: 022-49186000
• Email Address: advancedsys.ipo@linkintime.co.in 

Financial Performance of Advanced Sys-tek Limited 

Advanced Sys-tek Limited Peer Details Comparison 

Strengths and Opportunities of Advanced Sys-tek IPO 

1. With around 30 years of experience, Advanced Sys-Tek Ltd. has expertise in industrial automation and POL terminal automation. The company provides automation solutions for large terminals and smaller depots, including automated metering systems and upgrades for manually operated oil and gas terminals. 
2. The company has built long-standing relationships with prominent customers, particularly public-sector oil companies in India, along with several private-sector clients. Its terminal and port automation projects are generally awarded through competitive tenders that require strong technical expertise, financial capability, proven track record and relevant industry experience.
3. The company has strong domain expertise in industrial automation and POL terminal automation solutions in India. 
4. Advanced Sys-Tek Ltd. has established long-term relationships with prominent customers, supported by its strong project execution capabilities. 
5. Experienced promoters and a capable management team with industry knowledge back the company. 
6. Advanced Sys-Tek Ltd. has demonstrated a track record of growth in revenue and profitability. 

Risks and Threats of Advanced Sys-tek IPO  

1. The company relies significantly on a few major customers, particularly large public-sector oil marketing companies. Losing any key customer or a substantial portion of revenue from them could adversely affect its business, financial performance and cash flows. 
2. A significant share of the company’s orders comes from government-related entities through competitive tendering. Since contracts are generally awarded to the lowest bidder meeting the eligibility requirements, the company may face pressure to reduce bid prices or risk losing contracts. 
3. The company’s operations are closely linked to the oil and gas industry in India and international markets. Any slowdown or adverse developments in the sector could negatively impact its business, revenue and financial condition.