Incorporated in November 2021, Nimstech is currently engaged in three critical sectors i.e., water purification, waste management and renewable energy solutions in the public and private sectors. The company is also engaged in the business of trading solar panels. The company has collaborated with various departments of Government and other educational and social service organisations for better delivery and reach of their products.
Further, the company is engaged in marketing and supplying components for water purifiers, including the installation of mineral water plants, water ATMs, trading of segregation carts, dustbins, mobile toilet vans, hydraulic tractor trollies, weighbridge, organic waste composting machines, road sweeping machine, round ductile iron pipes, billing machines etc. The company is also engaged in the Indian MSW (Municipal Solid Waste) management industry, providing MSW machinery and equipment across the cities in Gujarat, primarily catering to the local municipalities.
According to the Ministry of Environment, India currently generates 62 million tons of waste annually, with an average annual growth rate of 4%. Solid waste, plastic waste and E-waste are the principal waste materials. In such a scenario, an experienced player in the waste management industry can have ample space for growth.
Nimstech Industries Ltd IPO Details
Nimstech Industries Ltd IPO Dates
The dates for bidding for the Nimstech Industries IPO are yet to be announced.
Nimstech Industries Ltd IPO Price Band
Nimstech Industries is a fixed-price IPO. The exact price is yet to be announced.
Nimstech Industries Ltd IPO Lot Size
The Nimstech Industries Ltd IPO lot size has not been announced yet.
Nimstech Industries Ltd IPO Objectives
The proceeds from the fresh issue will be used for:
- Purchase of a registered office for the company and furnishing of the same.
- To meet the incremental working capital requirements.
- To meet the general corporate purposes.
- To meet the issue expenses.
Peer Details
The following is a listed peer company of Nimstech Industries in India:
- Ahasolar Technologies Limited
- Antony Waste Handling Cell Limited
- Quality RO Industries Limited
How To Check the Allotment Status of the Nimstech Industries Ltd IPO?
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- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO you applied for and check the allotment status.
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Contact Details of Nimstech Industries Ltd
Registered office: Plot No 38, GIDC Estate, Sector-25, Gandhinagar, Ahmedabad, Gujarat 382024, India
Phone: +91 7433973347
E-mail: info@nimstech.com
IPO Financials
| Particulars | Year Ending on March 31, 2023 | Year Ending on March 31, 2022 |
|---|---|---|
| Total Revenue | 328.18 | - |
| Profit After Tax | 20.72 | - |
| Return on Capital Employed | 14.88% | 6.18% |
| Current Ratio | 1.76 | 3.70 |
| Debt to Equity Ratio | 15.59 | 2.18 |
Know before investing
Strengths
2They provide a broad range of products to their customers, increasing their scope and ability to cater to a diversified clientele base.
The company has an established track record of more than 7 years, and its qualified promoters also have more than 7 years of relevant expertise.
Risks
2The company has not entered into any long-term contracts with their distributors or customers, and they typically operate based on orders received on hand. The inability to maintain regular order flow would adversely impact their revenues and profitability.
Incorporated in 2021, they have limited operating history as a company, which may make it difficult for investors to evaluate their historical performance or future prospects.
