Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Mon, Aug 20, 2018 - Fri, Aug 24, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Aug 20, 2018
IPO Close
Fri, Aug 24, 2018
Issue Price
₹38 per share
Market Cap (Pre-IPO)
₹18.17 Cr
| IPO Date | 20 to 24 Aug, 2018 |
| Listed on | Mon, Sep 3, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 12,57,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 63,000 shares Arham Wealth Management Pvt.Ltd. (agg. up to ₹0.2394 Cr) |
| Fresh Issue (Ex Market Maker) | 11,94,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 11,94,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 35,25,838 shares |
| Share Holding Post Issue | 47,82,838 shares |
| NSE Symbol | AARON |
| ISIN | INE721Z01010 |
Aaron Industries IPO comprises a total issue size of 12,57,000 shares. The net offer to the public is 11,94,000 shares, after excluding 63,000 shares allotted on a firm basis. Of the Net offer 5,97,000 (50.00%) allocated to NII 5,97,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,97,000 | 50.00% | 47.49% |
| Retail Shares Offered | 5,97,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 63,000 | 5.01% | |
| Total Shares Offered | 12,57,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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%.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To set up a new line of business in expansion plan | 2.87 |
| 2 | To meet working capital requirement | 1.55 |
| Total | 4.43 |
The Aaron Industries IPO is subscribed 2.99 times on August 24, 2018 6:25:01 PM (Day 4). The public issue subscribed 2.65 times in the retail category, [.] times in the QIB category, and 3.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.26 | 5,97,000 | 19,47,000 |
| Retail | 2.65 | 5,97,000 | 15,81,000 |
| Total | 2.99 | 11,94,000 | 35,73,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fee and reimbursement of payment to other intermediaries such as Listing, Depository Fees, Legal Advisors, Statutory, Registrars, Marketing & Advertisement, Printing & Distribution, other Miscellaneous expense and out of pocket expenses etc. | 0.32 |
| 2 | Market Making (For 1 year) | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹36.10 |
| Low | ₹36.10 |
| High | ₹39.60 |
| Last Trade | ₹38.70 |
Lead Manager Reports
Aaron Industries IPO is a SME IPO of 12,57,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Aug 20, 2018, and closes on Fri, Aug 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 Mon, Aug 20, 2018 and closes on Fri, Aug 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 Mon, Sep 3, 2018.
