Advanced Sys-tek IPO

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Advanced Sys-tek IPO details

To be announced
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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.