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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 ₹34.00 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). The minimum lot size investment for 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 Date | March 12, 2019 to March 18, 2019 |
| Listing Date | March 27, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹34 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,20,000 shares (aggregating up to ₹7.21 Cr) |
| Reserved for Market Maker | 1,12,000 shares Swastika Investmart Ltd. (aggregating up to ₹0.3808 Cr) |
| Net Offered to Public | 20,08,000 shares (aggregating up to ₹6.83 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 49,40,094 shares |
| Share Holding Post Issue | 70,60,094 shares |
Aartech Solonics IPO offers total 21,20,000 shares. Out of which 10,04,000 (47.36%) allocated to NII, 10,04,000 (47.36%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,12,000 (5.28%) |
| NII (HNI) Shares Offered | 10,04,000 (47.36%) |
| Retail Shares Offered | 10,04,000 (47.36%) |
| Total Shares Offered | 21,20,000 (100.00%) |
Aartech Solonics IPO opens on March 12, 2019, and closes on March 18, 2019.
| IPO Open Date | Tue, Mar 12, 2019 |
| IPO Close Date | Mon, Mar 18, 2019 |
| Tentative Allotment | Fri, Mar 22, 2019 |
| Initiation of Refunds | Mon, Mar 25, 2019 |
| Credit of Shares to Demat | Mon, Mar 25, 2019 |
| Tentative Listing Date | Wed, Mar 27, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 18, 2019 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,36,000 |
| Retail (Max) | 1 | 4,000 | ₹1,36,000 |
| HNI (Min) | 2 | 8,000 | ₹2,72,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 1,941.52 | 1,938.08 | 1,945.78 | 1,872.11 | 1,922.00 | 1,804.34 |
| Total Revenue | 416.69 | 1,208.50 | 1,342.05 | 1,025.84 | 994.35 | 953.79 |
| Profit After Tax | 60.09 | 117.58 | 30.09 | 22.81 | 112.62 | (70.41) |
The Company Aartech Solonics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] <p>On the basis of consolidated earnings, issue is priced aggressively and on the basis of standalone basis it appears highly priced. Sudden jump in bottom lines for last one and half year before the IPO raises concern. There is no harm in giving this issue a miss.</p> Read detail review...
| Listing Date | March 27, 2019 |
| BSE Script Code | 542580 |
| NSE Symbol | AARTECH |
| ISIN | INE01C001018 |
| Final Issue Price | ₹34 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹34.00 |
| Open | ₹33.95 |
| Low | ₹33.95 |
| High | ₹34.90 |
| Last Trade | ₹34.60 |
Aartech Solonics Ltd.
E-2/57,
Ashirvad Arera Colony
Bhopal, Madhya Pradesh, 462016
Phone: +91 - 755 -2463593
Email: compliance@aartechsolonics.com
Website: http://www.aartechsolonics.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Aartech Solonics IPO is a SME IPO of 21,20,000 equity shares of the face value of ₹10 aggregating up to ₹7.21 Crores. The issue is priced at ₹34 per share. The minimum order quantity is 4000.
The IPO opens on March 12, 2019, and closes on March 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 March 12, 2019 and closes on March 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 Monday, March 25, 2019. Check the Aartech Solonics IPO allotment status.
The Aartech Solonics IPO listing date is on Wednesday, March 27, 2019.
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