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Aaron Industries IPO is a fixed price issue of ₹4.78 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹4.78 crore.
Aaron Industries IPO bidding started from Aug 20, 2018 and ended on Aug 24, 2018. The shares got listed on NSE SME on Sep 3, 2018.
Aaron Industries IPO price is ₹38.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,28,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Arham Wealth Management Pvt.Ltd..
Refer to Aaron Industries IPO RHP for detailed Information.
| IPO Date | August 20, 2018 to August 24, 2018 |
| Listing Date | September 3, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,57,000 shares (aggregating up to ₹4.78 Cr) |
| Reserved for Market Maker | 63,000 shares Arham Wealth Management Pvt.Ltd. (aggregating up to ₹0.2394 Cr) |
| Net Offered to Public | 11,94,000 shares (aggregating up to ₹4.54 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 35,25,838 shares |
| Share Holding Post Issue | 47,82,838 shares |
Aaron Industries IPO offers total 12,57,000 shares. Out of which 5,97,000 (47.49%) allocated to NII, 5,97,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 63,000 (5.01%) |
| NII (HNI) Shares Offered | 5,97,000 (47.49%) |
| Retail Shares Offered | 5,97,000 (47.49%) |
| Total Shares Offered | 12,57,000 (100.00%) |
Aaron Industries IPO opens on August 20, 2018, and closes on August 24, 2018.
| IPO Open Date | Mon, Aug 20, 2018 |
| IPO Close Date | Fri, Aug 24, 2018 |
| Tentative Listing Date | Mon, Sep 3, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 24, 2018 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,14,000 |
| Retail (Max) | 1 | 3,000 | ₹1,14,000 |
| HNI (Min) | 2 | 6,000 | ₹2,28,000 |
Aaron Industries Limited is a company engaged in the business of manufacturing and trading of Elevator products and other elevator parts with the continuation of existing business also. Currently, the company provides
Elevator product and parts including Elevator cabins, Doors, Frem, Header, Traction Machine etc.
Aaron Industries also provides electronic equipment like Busbar chambers, Cable tray, Distribution boxes, Loom switch and building hardware material like Z perline and slotted channel etc.
The company's total revenue increased to ` Rs 1,179.14 Lakh in 2018 from Rs 39.07 Lakh in 2014 at a CAGR of 97.67 %.
The EBIDTA increased to Rs 160.73 Lakh in 2018, from Rs 1.45 Lakh in 2014 at a CAGR of 156.42%.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 692.61 | 255.41 | 220.80 | 106.48 | 38.72 | |
| Total Revenue | 1,179.14 | 480.31 | 331.89 | 237.81 | 39.07 | |
| Profit After Tax | 107.03 | 4.94 | 3.86 | 3.66 | 0.84 | |
The Objects of the Issue are to:
1. Set up a new line of business in the expansion plan
2. Meet the working capital requirement; and
3. Meet the Public Issue Expenses
[Dilip Davda] <p>Issue appears fully priced on the basis of latest performance, which is also a bit surprising and raising concern over sustainability. There is no harm in giving this issue a miss.</p> Read detail review...
| Listing Date | September 3, 2018 |
| BSE Script Code | |
| NSE Symbol | AARON |
| ISIN | INE721Z01010 |
| Final Issue Price | ₹38 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹36.10 |
| Low | ₹36.10 |
| High | ₹39.60 |
| Last Trade | ₹38.70 |
Aaron Industries Ltd.
B-65 & 66,
Jawahar Road No. 4, Udhyog Nagar
Udhana
Surat, Gujarat, 394210
Phone: +91-02612278410
Email: info1@aaronindustries.net
Website: http://www.aaronindustries.net/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Aaron Industries IPO is a SME IPO of 12,57,000 equity shares of the face value of ₹10 aggregating up to ₹4.78 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000.
The IPO opens on August 20, 2018, and closes on August 24, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Aaron Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Aaron Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aaron Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aaron Industries IPO opens on August 20, 2018 and closes on August 24, 2018.
Aaron Industries IPO lot size is 3000, and the minimum amount required for application is ₹1,14,000.
You can apply in Aaron Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aaron Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Aaron Industries IPO allotment status.
The Aaron Industries IPO listing date is on Monday, September 3, 2018.
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