Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Tue, Mar 12, 2019 - Mon, Mar 18, 2019
Aartech Solonics IPO is a fixed price issue of ₹7.21 crores. The issue is entirely a fresh issue of 0.21 crore shares of ₹7.21 crore.
Aartech Solonics IPO bidding started from Mar 12, 2019 and ended on Mar 18, 2019. The allotment for Aartech Solonics IPO was finalized on Mar 22, 2019. The shares got listed on BSE SME on Mar 27, 2019.
Aartech Solonics IPO price is ₹34 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,36,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,72,000.
Swastika Investmart 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 Swastika Investmart Ltd..
Refer to Aartech Solonics IPO RHP for detailed Information.
IPO Open
Tue, Mar 12, 2019
IPO Close
Mon, Mar 18, 2019
Issue Price
₹34 per share
Market Cap (Pre-IPO)
₹24.00 Cr
| IPO Date | 12 to 18 Mar, 2019 |
| Listed on | Wed, Mar 27, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹34 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 21,20,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 1,12,000 shares Swastika Investmart Ltd. (agg. up to ₹0.3808 Cr) |
| Fresh Issue (Ex Market Maker) | 20,08,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 20,08,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 49,40,094 shares |
| Share Holding Post Issue | 70,60,094 shares |
| BSE Script Code | 542580 AARTECH |
| ISIN | INE01C001018 |
Aartech Solonics IPO comprises a total issue size of 21,20,000 shares. The net offer to the public is 20,08,000 shares, after excluding 1,12,000 shares allotted on a firm basis. Of the Net offer 10,04,000 (50.00%) allocated to NII 10,04,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,04,000 | 50.00% | 47.36% |
| Retail Shares Offered | 10,04,000 | 50.00% | 47.36% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,12,000 | 5.28% | |
| Total Shares Offered | 21,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,36,000 |
| Retail (Max) | 1 | 4,000 | ₹1,36,000 |
| HNI (Min) | 2 | 8,000 | ₹2,72,000 |
Incorporated in 1982, Gwalior, Madhya Pradesh based Aartech Solonics Limited is a system solution oriented R&D enterprise in the field of specialized and selected energy appliances. It is involved in the manufacturing of electricity distribution & control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.
Some of the company's popular products and services include-
1. BTS - 2000.
2. Kranking Ultra Capacitors.
3. Control Rely Panels.
4. Load Checkers.
The company also provide solutions and services for products of other companies like-
1. GSUN Innovations
2. Bestcase Enclosures
The company's client base includes businesses from various industries like Defense, Railways, Power Generation, Heavy Earth Moving Equipments and Oil & Gas etc.
Aartech's Innovations Lab is a 1000 sqft facility with all modern amenities required for laboratory operations. In November 2013, it was recognized by the Department of Science and Technology for its contribution in the field for R&D activities.
The company has 55 full-time employees excluding 10 contract employees.
| 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 | Investment in wholly owned subsidiary company - “ M/s AIC - Aartech Solonics Private Limited”; | 2.00 |
| 2 | Investment in wholly owned subsidiary company - “M/s Faradigm Ultracapacitors Private Limited” | 2.50 |
| 3 | For General Corporate Expenses including Capital Expenditure & Research and Development Expenses | 1.21 |
| 4 | Working Capital Requirement | 1.00 |
| 5 | Meeting Public Issue Expenses. | 0.50 |
The Aartech Solonics IPO is subscribed 2 times on March 18, 2019 6:50:02 PM (Day 5). The public issue subscribed 1.64 times in the retail category, [.] times in the QIB category, and 2.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.35 | 10,04,000 | 23,64,000 |
| Retail | 1.64 | 10,04,000 | 16,48,000 |
| Total | 2 | 20,08,000 | 40,12,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses. | 0.35 |
| 2 | Printing & Stationery and Postage Expenses | 0.05 |
| 3 | Marketing and Advertisement Expenses | 0.05 |
| 4 | Regulatory fees and other expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹34.00 |
| Open | ₹33.95 |
| Low | ₹33.95 |
| High | ₹34.90 |
| Last Trade | ₹34.60 |
Lead Manager Reports
Aartech Solonics IPO is a SME IPO of 21,20,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹34 per share. The minimum order quantity is 4000.
The IPO opens on Tue, Mar 12, 2019, and closes on Mon, Mar 18, 2019.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Aartech Solonics IPO using UPI as a payment gateway. Zerodha customers can apply in Aartech Solonics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aartech Solonics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aartech Solonics IPO opens on Tue, Mar 12, 2019 and closes on Mon, Mar 18, 2019.
Aartech Solonics IPO lot size is 4000, and the minimum amount required for application is ₹1,36,000.
You can apply in Aartech Solonics 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 Aartech Solonics IPO will be done on Friday, March 22, 2019, and the allotted shares will be credited to your demat account by Mon, Mar 25, 2019. Check the Aartech Solonics IPO allotment status.
The Aartech Solonics IPO listing date is on Wed, Mar 27, 2019.
