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Aimtron Electronics IPO is a book build issue of ₹87.02 crores. The issue is entirely a fresh issue of 0.54 crore shares of ₹87.02 crore.
Aimtron Electronics IPO bidding started from May 30, 2024 and ended on Jun 3, 2024. The allotment for Aimtron Electronics IPO was finalized on Jun 4, 2024. The shares got listed on NSE SME on Jun 6, 2024.
Aimtron Electronics IPO price band is set at ₹161.00 per share . The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,22,400 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,57,600.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Aimtron Electronics IPO RHP for detailed Information.
| IPO Date | May 30, 2024 to June 3, 2024 |
| Listing Date | June 6, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹153 to ₹161 per share |
| Issue Price Final | ₹161 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 54,04,800 shares (aggregating up to ₹87.02 Cr) |
| Reserved for Market Maker | 2,81,600 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹4.53 Cr) |
| Net Offered to Public | 51,23,200 shares (aggregating up to ₹82.48 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,45,45,025 shares |
| Share Holding Post Issue | 1,99,49,825 shares |
Aimtron Electronics IPO offers total 54,04,800 shares. Out of which 25,60,800 (47.38%) allocated to QIB, 10,24,800 (18.96%) allocated to QIB, 7,68,800 (14.22%) allocated to NII, 17,93,600 (33.19%) allocated to RII and 15,36,000 (28.42%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,81,600 (5.21%) |
| QIB Shares Offered | 25,60,800 (47.38%) |
| − Anchor Investor Shares Offered | 15,36,000 (28.42%) |
| − QIB (Ex. Anchor) Shares Offered | 10,24,800 (18.96%) |
| NII (HNI) Shares Offered | 7,68,800 (14.22%) |
| Retail Shares Offered | 17,93,600 (33.19%) |
| Total Shares Offered | 54,04,800 (100.00%) |
Aimtron Electronics IPO raises ₹24.73 crore from anchor investors. Aimtron Electronics IPO Anchor bid date is May 29, 2024. Aimtron Electronics IPO Anchor Investors list
| Bid Date | May 29, 2024 |
| Shares Offered | 15,36,000 |
| Anchor Portion Size (In Cr.) | 24.73 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 4, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 2, 2024 |
Aimtron Electronics IPO opens on May 30, 2024, and closes on June 3, 2024.
| IPO Open Date | Thu, May 30, 2024 |
| IPO Close Date | Mon, Jun 3, 2024 |
| Tentative Allotment | Tue, Jun 4, 2024 |
| Initiation of Refunds | Wed, Jun 5, 2024 |
| Credit of Shares to Demat | Wed, Jun 5, 2024 |
| Tentative Listing Date | Thu, Jun 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jun 3, 2024 |
Investors can bid for a minimum of 800 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 | 800 | ₹1,28,800 |
| Retail (Max) | 1 | 800 | ₹1,28,800 |
| HNI (Min) | 2 | 1,600 | ₹2,57,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in April 2011, Aimtron Electricals Limited provides products and solutions for electronics system design and manufacturing ("ESDM") services, with a focus on high-value precision engineering products.
The company offers PCB design, assembly, and complete electronic system manufacturing for domestic and global manufacturers in India, the USA, Hong Kong, the UK, Spain, and Mexico.
The company's solutions primarily consist of:
(i) printed circuit board assembly ("PCBA"),
(ii) any box build assemblies in addition to finding their application in battery management systems used in electrical vehicles
(iii) design solutions offering end-to-end services right from conceptualizing the design, engineering, product prototype development, and manufacturing of turnkey requirements for our customers.
The company has two manufacturing facilities. One is in Vadodara, Gujarat, and the other is in Bengaluru, Karnataka.
As of September 30, 2023, the company's manufacturing facilities had a workforce of 131 people, including a team of 28 engineers to enhance operational efficiency.
The company is ISO 13485:2016 certified for Quality Management System for medical devices and ISO 14001:2015 certified for Environmental Management System for High Tech Electronic Assemblies, as well as EN ISO 9001:2015 certified for Management system applicable to Hi-tech electronic assemblies.
Aimtron Electronics Limited's revenue increased by 169.2% and profit after tax (PAT) rose by 579.15% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,322.75 | 8,740.02 | 5,904.04 | 3,630.38 |
| Total Income | 6,764.17 | 7,239.98 | 2,689.41 | 5,406.18 |
| Profit After Tax | 976.66 | 863.19 | -180.15 | 1,571.72 |
| Net Worth | 4,099.92 | 3,123.26 | 2,038.96 | 2,144.26 |
| Reserves and Surplus | 2,645.42 | 2,832.36 | 1,969.17 | 2,075.83 |
| Total Borrowing | 1,821.65 | 2,023.61 | 848.98 | 262.54 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Aimtron Electronics IPO is ₹321.19 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 27.04% |
| ROCE | 23.85% |
| Debt/Equity | 0.44 |
| RoNW | 23.82% |
| PAT Margin | 14.56% |
| Price to Book Value | 1.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.93 | 6.53 |
| P/E (x) | 27.13 | 24.67 |
The company intend to utilize the proceeds of the Issue to meet the following objectives: -
[Dilip Davda] The company posted inconsistency in its financial performances for the reported periods. Boosted bottom lines for the last 21 months’ performance raise eyebrows and concern over its sustainability as it is operating in a highly competitive and fragmented segment. Based on annualized super earnings for FY24, the issue appears aggressively priced. There is no harm in skipping this greedily priced. Bet. Read detail review...
| Listing Date | June 6, 2024 |
| BSE Script Code | |
| NSE Symbol | AIMTRON |
| ISIN | INE0RUV01018 |
| Final Issue Price | ₹161 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹161.00 |
| Open | ₹241.00 |
| Low | ₹240.10 |
| High | ₹253.05 |
| Last Trade | ₹253.05 |
Aimtron Electronics Ltd.
Plot No 1/A,
G.I.D.C.Estate
Waghodia-
Vadodara, Gujarat, 391760
Phone: +91-9687632057
Email: cs@aimtron.com
Website: https://www.aimtron.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: aimtron.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Aimtron Electronics IPO is a SME IPO of 54,04,800 equity shares of the face value of ₹10 aggregating up to ₹87.02 Crores. The issue is priced at ₹161 per share. The minimum order quantity is 800.
The IPO opens on May 30, 2024, and closes on June 3, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Aimtron Electronics IPO using UPI as a payment gateway. Zerodha customers can apply in Aimtron Electronics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aimtron Electronics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aimtron Electronics IPO opens on May 30, 2024 and closes on June 3, 2024.
Aimtron Electronics IPO lot size is 800, and the minimum amount required for application is ₹1,28,800.
You can apply in Aimtron Electronics 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 Aimtron Electronics IPO will be done on Tuesday, June 4, 2024, and the allotted shares will be credited to your demat account by Wednesday, June 5, 2024. Check the Aimtron Electronics IPO allotment status.
The Aimtron Electronics IPO listing date is on Thursday, June 6, 2024.
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