Bookbuilding IPO | ₹87 Cr | Listed at NSE SME | Thu, May 30, 2024 - Mon, Jun 3, 2024
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 per share. The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,28,800 (800 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, May 30, 2024
IPO Close
Mon, Jun 3, 2024
Issue Price
₹161 per share
Market Cap (Pre-IPO)
₹321.19 Cr
| IPO Date | 30 May to 3 Jun, 2024 |
| Listed on | Thu, Jun 6, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹153 to ₹161 |
| Issue Price | ₹161 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 54,04,800 shares (agg. up to ₹87 Cr) |
| Reserved for Market Maker | 2,81,600 shares Hem Finlease Pvt.Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 51,23,200 shares (agg. up to ₹82 Cr) |
| Net Offered to Public | 51,23,200 shares (agg. up to ₹82 Cr) |
| Share Holding Pre Issue | 1,45,45,025 shares |
| Share Holding Post Issue | 1,99,49,825 shares |
| NSE Symbol | AIMTRON |
| ISIN | INE0RUV01018 |
Aimtron Electronics IPO comprises a total issue size of 54,04,800 shares. The net offer to the public is 51,23,200 shares, after excluding 2,81,600 shares allotted on a firm basis. Of the Net offer 25,60,800 (49.98%) are allocated to QIB, 7,68,800 (15.01%) allocated to NII 17,93,600 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 25,60,800 | 49.98% | 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 | 15.01% | 14.22% |
| Retail Shares Offered | 17,93,600 | 35.01% | 33.19% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,81,600 | 5.21% | |
| Total Shares Offered | 54,04,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| 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 |
Aimtron Electronics IPO raises ₹24.73 crore from anchor investors. Aimtron Electronics IPO Anchor bid date is May 29, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, May 29, 2024 |
| Shares Offered | 15,36,000 |
| Anchor Portion (₹ Cr.) | 24.73 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jul 4, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Sep 2, 2024 |
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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 83.23 | 87.40 | 59.04 | 36.30 |
| Total Income | 67.64 | 72.40 | 26.89 | 54.06 |
| Profit After Tax | 9.77 | 8.63 | -1.80 | 15.72 |
| NET Worth | 41.00 | 31.23 | 20.39 | 21.44 |
| Reserves and Surplus | 26.45 | 28.32 | 19.69 | 20.76 |
| Total Borrowing | 18.22 | 20.24 | 8.49 | 2.63 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment in full or in part, of certain of the outstanding borrowings; | 15.00 |
| 2 | Funding Capital Expenditure towards installation of additional plant and machinery | 18.63 |
| 3 | Funding to meet working capital requirements | 25.20 |
| 4 | General Corporate Purpose | 19.11 |
| KPI | Dec 31, 2023 |
|---|---|
| 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 (₹) | 5.93 | 6.53 |
| P/E (x) | 27.13 | 24.67 |
| Promoter Holding | 96.96% | 71.29% |
| Market Cap | ₹321.19 Cr. |
The Aimtron Electronics IPO is subscribed 99.24 times on June 3, 2024 6:19:56 PM (Day 3). The public issue subscribed 71.62 times in the retail category, 69.93 times in the QIB category, and 202.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 69.93 | 10,24,800 | 7,16,68,800 |
| NII* | 202.74 | 7,68,800 | 15,58,68,000 |
| Retail | 71.62 | 17,93,600 | 12,84,50,400 |
| Total | 99.24 | 35,87,200 | 35,59,87,200 |
Total Application : 1,60,563
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting fees | 1.74 |
| 2 | Fees Payable to Registrar to the Issue | 0.04 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 1.00 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.15 |
| 5 | Payment for Printing & Stationery, Postage, etc | 0.03 |
| 6 | Fees Payable to Legal Advisors, Auditor and other Professionals | 0.10 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Uploading fees and Miscellaneous Expenses) | 6.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹161.00 |
| Open | ₹241.00 |
| Low | ₹240.10 |
| High | ₹253.05 |
| Last Trade | ₹253.05 |
Lead Manager Reports
Aimtron Electronics IPO is a SME IPO of 54,04,800 equity shares of the face value of ₹10 aggregating up to ₹87 Crores. The issue is priced at ₹161 per share. The minimum order quantity is 800.
The IPO opens on Thu, May 30, 2024, and closes on Mon, Jun 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 Thu, May 30, 2024 and closes on Mon, Jun 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 Wed, Jun 5, 2024. Check the Aimtron Electronics IPO allotment status.
The Aimtron Electronics IPO listing date is on Thu, Jun 6, 2024.
