Advanced Sys-tek IPO Upcoming
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About Advanced Sys-tek
Advanced Sys-tek Limited was founded in 1988 by Mukesh R Kapadia and Umed Amarchand Fifadra. The company specializes in industrial automation solutions for petroleum, oil, and gas terminals in India. Its operations are based in Vadodara, Gujarat, with a focus on automation projects for PSU and private sector customers.
Financials of Advanced Sys-tek
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | – |
| Fresh Issue | ₹115 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 9.30(8.09%) |
| Long term working capital | 70 (60.87%) |
| General corporate purposes | (not above 25% of the gross proceeds) |
Strengths
- Strong domain expertise in Industrial Automation sector.
- Specialization in POL terminal automation solutions in India.
- Experienced promoters driving business growth and strategy.
- Proven management team with deep industry knowledge.
- Consistent growth in revenue and profitability over time.
Risks
- Heavy reliance on large oil marketing PSU customers.
- Operations concentrated at a single leased facility in Gujarat.
- High dependence on tenders awarded through lowest bid pricing.
- Long working capital cycle driven by delayed customer payments.
- Operations vulnerable to supply chain disruptions and subcontractor risks.