Nanta Tech
- Nanta Tech is coming out with an initial public offering (IPO) of 14,46,000 shares in a price band of Rs 209-220 per equity share.
- The issue will open on December 23, 2025 and will close on December 26, 2025.
- The shares will be listed on SME Platform of BSE.
- The face value of the share is Rs 10 and is priced 20.90 of its face value on the lower side and 22.00 times on the higher side.
- Book running lead manager to the issue is Smart Horizon Capital Advisors.
- Compliance Officer for the issue is Pintu Kumar Kuberbhai Chaudhari.
Profile of the company
Nanta Tech is engaged in the business of Audio Visual (AV) integration, supply and distribution of AV Products, Service Robots and Software Development related services. It provides comprehensive, end-to-end AV integration solutions which includes system design, integration and management and on-site support. The company’s diverse portfolio of customized offerings and its ability to tailor solutions of both large scale and small-scale clients to meet the specific requirements of each client have helped it to build a loyal customer base across a broad spectrum of industries. The company is offering its customized solution to various sectors such as corporates, education, hospitality and manufacturing industry and others. Its offerings play a vital role in driving digital transformation across sectors.
In addition to providing AV integration services, the company is actively involved in the direct selling and distribution of a wide range of AV products. These include, but are not limited to indoor and outdoor active LED screens, professional display screens (both touch and non-touch), digital signage displays, digital podiums, video conferencing cameras, processors, media players, speakers, microphones, amplifiers, unified communication (UC) devices as well as mounts, cables, and other related accessories. This segment comprises of procuring AV and networking products from both domestic and international vendors based on its specifications for further sale including sale under its brand “NANTA”.
Further, the company is also engaged in the procurement of service robots from various vendors as per its specifications. Once the required software is installed, the robots are thoroughly tested, branded, marketed, and sold to the end customer under its brand “ALLBOTIX”. As part of its service offerings, it provides robots on a demo basis to its clients for various events. This initiative allows it to enhance client experiences. Accordingly, the brands “NANTA” and “ALLBOTIX” are positioned to serve distinct market segments, each addressing specific customer requirements and expectations. Additionally, the company is also providing software development services whereby its in-house team designs and develops customized software across various domains, including robotics, AI tools, mobile applications, portals, and websites. Its holistic approach ensures seamless integration between digital platforms and physical communication systems, enhancing productivity, collaboration, and business growth.
Proceed is being used for:
- Funding capital expenditure requirements of the company towards setting up an experience centre cum product display area
- Funding working capital requirements of the company
- General corporate purpose
Industry Overview
The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare. India's IT sector witnessed a 16% YoY growth in hiring in April, driven by factors such as artificial intelligence (AI) adoption, cloud modernisation, and the expansion of Global Capability Centers (GCCs). India’s first made-in-India graphics processing units (GPUs) are expected to be ready for technology demonstrations by the end of 2025. Production readiness is projected for 2029 under the Rs. 10,372 crore ($1.21 billion) IndiaAI Mission. As innovative digital applications permeate sector after sector, India is now prepared for the next phase of growth in its IT revolution. India is viewed by the rest of the world as having one of the largest Internet user bases and the cheapest Internet rates, with 76 crore citizens now having access to the Internet. The current emphasis is on the production of significant economic value and citizen empowerment, thanks to a solid foundation of digital infrastructure and enhanced digital access provided by the Digital India Programme.
the Indian IT industry’s revenue touched $227 billion in FY22, a 15.5% YoY growth and was estimated to have touched $245 billion in FY23. Mid-tier Information Technology (IT) companies have reported stronger growth than their larger counterparts in FY25, demonstrating their ability to effectively navigate an uncertain macroeconomic environment. The challenge, however, remains whether they can sustain this momentum in FY26. India's IT exports are projected to reach Rs 17,95,920 crore ($210 billion) in FY25, with the US market recovering, European demand weakening, and a 5-6% growth anticipated in FY26, alongside the opportunities and challenges posed by generative AI. The government has inked an agreement with Paytm (One97 Communications Ltd) under which the company would provide mentorship, infrastructure support, market access, and funding opportunities to start-ups. The system infrastructure software market in India is expected to reach a projected revenue of Rs. 178 million ($20,823.6 million) by 2030. A compound annual growth rate of 9.2% is expected of India system infrastructure software market from 2023 to 2030.
Meanwhile, Sales of industrial robots in India reached a new record of 4,945 units installed. This is an increase of 54 percent compared to the previous year (2020: 3,215 units). In terms of annual installations, India now ranks in tenth position worldwide. These are findings of the report World Robotics, presented by the International Federation of Robotics (IFR). The automotive industry remains the largest customer for the robotics industry in India with a share of 31% in 2021. Installations more than doubled to 1,547 units (+108%). The general industry in India is led by the metal industry with 308 units (-9%), the rubber and plastics industry with 246 units (+27%) and the electrical/electronics industry with 215 units (+98%).
Pros and strengths
Wide product portfolio having applications across various customer segments: The company is engaged in the business of Audio Visual (AV) integration, supply and distribution of AV Products, Service Robots and Software Development related services. It is offering its customized solution to various sectors such as corporates, education, hospitality and manufacturing industry and others. Its offerings play a key role in driving digital transformation across sectors. It prides itself on delivering consistent quality, which is central to sustaining customer trust and long-term engagement. Its strength lies in its ability to adapt and customize offerings based on industry specific needs giving it a distinct competitive advantage.
Strong network of dealer and distribution channel: The company has appointed various distributors who majorly keeps stock for it and is given annual targets and responsibilities to grow its brand across the nation responsible for range of functions like procurement, logistics, technical support, and marketing of the company. Currently, it has appointed 8 dealers and distributors. Further, for ease of doing business and communication with its clientele over different regions, these dealers also represent the company and engage with them as and when required by it.
Having required certifications and approvals of end users: The company holds certifications including ISO 9001:2015, ISO 160001:2017, FCC QVA, UL (safety standards), and CE QVA, ensuring it follows industry standards in its operations. These certifications confirm that it maintains quality management systems, which help it to deliver reliable products, improve customer satisfaction, and build long-term brand loyalty. Its technical team carefully evaluates each software solution, whether it's a custom application, a portal, or another system, by detecting bugs, testing performance under load, and reviewing ease of use. It uses both manual testing and automation tools, including user traffic simulations, to check stability and performance. This process is particularly important for ERP and MIS systems, which handle critical data and complex business operations.
Risks and concerns
Loss of major customers could adversely affect operations: The company is highly dependent on certain customers for a substantial portion of its revenues. The company has garnered 91.95%, 80.58% and 85.12% of its total revenue from top 10 customers in FY25, FY24 and FY23 respectively. The loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations. Further pricing pressure from customers may adversely affect its gross margin, profitability and ability to increase its prices, which in turn may materially adversely affect its business, results of operations and financial condition.
High dependence on a single geographic region: The company’s revenue is heavily reliant on its operations within certain geographical regions. The company has garnered 87.67%, 92.42% and 88.30% of its total revenue from customers located in Gujarat in FY25, FY24 and FY23 respectively. Any adverse developments, such as economic downturns, political instability, or natural disasters, in these regions could significantly impact its revenue and overall financial performance. Additionally, any disruption, breakdown or shutdown of its operating facilities concentrated in Gujarat, may also have a material adverse effect on its business, financial condition, results of operations and cash flow.
Limited control over supplier branding and innovation: Maintaining, developing, and enhancing brands, as well as retaining customers, involves several critical factors, such as increasing brand awareness through brand-building initiatives and ensuring customer satisfaction with quality customer service. If global suppliers/manufacturers cannot adapt to technological advancements or the growing popularity of alternative products, their products may become obsolete. To remain competitive, global suppliers/manufacturers need to develop, test, manufacture, and commercialize new products promptly. Since it does not manufacture the products, it cannot assure that these global suppliers/manufacturers will effectively promote, develop their brands, or maintain product quality. If these brands fail to launch new products or innovate to meet evolving customer demands, the demand for their products may decline.
Outlook
Nanta Tech specializes in Audio Visual (AV) integration, AV product supply and distribution, service robots, and software development. The company offers end-to-end AV solutions, including system design, integration, management, and on-site support, tailored to meet the needs of clients across corporates, education, hospitality, manufacturing, and other sectors. The company has wide product portfolio having applications across various customer segments. It has strong network of dealer and distribution channel. On the concern side, the company is highly dependent on certain customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations. Moreover, the company’s business is dependent on global suppliers/manufacturers effectively maintaining, promoting or developing their brands and maintaining standard quality products including launching new AV (Audio-Video) products and service robots at regular intervals.
The company is coming out with a maiden IPO of 14,46,000 equity shares of face value of Rs 10 each. The issue has been offered in a price band of Rs 209-220 per equity share. The aggregate size of the offer is around Rs 30.22 crore to Rs 31.81 crore based on lower and upper price band respectively. On performance front, the company’s revenue from operations has increased by 92.64% from Rs 2,659.62 lakh in Fiscal 2024 to Rs 5,123.56 lakh in Fiscal 2025. Moreover, the company reported a net profit of Rs 475.81 lakh attributable to owners in FY25, marking a growth of 83.51% from Rs 259.28 Lakhs in Fiscal 2024.
The company only provides services and supplies products in domestic market. Majority of its sales is derived from the state of Gujarat. The company has generated sales of 87.67%, 92.42% and 88.30% from Gujarat out of its revenue from operations during financial year ended March 31, 2025, 2024 and 2023. Through further diversification of its operations geographically, it aims to mitigate risks associated with operating in limited regions and safeguard against fluctuations arising from business concentration in limited geographical areas. It intends to appoint dealers and distributors across India which will enable it to reach its customers faster by reducing transportation time, optimise inventory and limit trade over-dues. As part of its expansion strategy, the company intend to enter in the international markets. The company will conduct a thorough market analysis which will identify promising international markets, taking into account factors such as size, growth potential, and cultural nuance. This will enable it to tailor its offerings to meet local preferences and expectations. Adapting its products to align with local preferences, establishing strategic partnerships, and executing localized marketing campaigns will contribute to enhancing its brand’s appeal.
