Bookbuilding IPO | ₹27 Cr | Listed at NSE SME | Thu, May 11, 2023 - Mon, May 15, 2023
Auro Impex IPO is a book build issue of ₹27.07 crores. The issue is a combination of fresh issue of 0.29 crore shares aggregating to ₹22.78 crores and offer for sale of 0.06 crore shares aggregating to ₹4.29 crores.
Auro Impex IPO bidding started from May 11, 2023 and ended on May 15, 2023. The allotment for Auro Impex IPO was finalized on May 18, 2023. The shares got listed on NSE SME on May 23, 2023.
Auro Impex IPO price band is set at ₹78 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,24,800 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,49,600.
Affinity Global Capital Market Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Auro Impex IPO RHP for detailed Information.
IPO Open
Thu, May 11, 2023
IPO Close
Mon, May 15, 2023
Issue Price
₹78 per share
Market Cap (Pre-IPO)
₹95.17 Cr
| IPO Date | 11 to 15 May, 2023 |
| Listed on | Tue, May 23, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹74 to ₹78 |
| Issue Price | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 34,70,400 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 1,74,400 shares Rikhav Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 27,45,600 shares (agg. up to ₹21 Cr) |
| Offer for Sale | 5,50,400 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 32,96,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 92,80,800 shares |
| Share Holding Post Issue | 1,22,00,800 shares |
| NSE Symbol | AUROIMPEX |
| ISIN | INE0NUL01018 |
Auro Impex IPO comprises a total issue size of 34,70,400 shares. The net offer to the public is 32,96,000 shares, after excluding 1,74,400 shares allotted on a firm basis. Of the Net offer 3,29,600 (10.00%) are allocated to QIB, 11,20,000 (33.98%) allocated to NII 18,46,400 (56.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 3,29,600 | 10.00% | 9.50% |
| NII (HNI) Shares Offered | 11,20,000 | 33.98% | 32.27% |
| Retail Shares Offered | 18,46,400 | 56.02% | 53.20% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,74,400 | 5.03% | |
| Total Shares Offered | 34,70,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,24,800 |
| Retail (Max) | 1 | 1,600 | ₹1,24,800 |
| HNI (Min) | 2 | 3,200 | ₹2,49,600 |
Incorporated in 1994, Auro Impex & Chemicals Limited is an Auro Group Company.
Auro Impex & Chemicals is engaged in manufacturing, exporting, and supply of Discharge & Collecting Electrodes, and Electrostatic Precipitator (ESP) internal parts and spares.
The company manufactures Collecting Electrodes of all profiles, Discharge Electrodes, Electromagnetic rapper, Tank Fabrication and Duct Fabrication, and other ESP Internal spare parts, for Original Equipment manufacturers (OEMs) and service providers ranging from sourcing of components, designing, manufacturing, quality testing as per the specifications provided by OEMs and service providers.
Auro Impex & Chemicals has been selling its products through renowned OEMs and Service Providers such as Thermax Limited, Larsen & Toubro Limited, KC Cottrell India Private Limited, Isgec Heavy Engineering Limited, Hariaksh Industries Private Limited, Par Techno-Heat Pvt Ltd, Filter Flow Engineering Private Limited, Imeco Overseas Private Limited and other Brand owners.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 82.28 | 62.20 | 33.61 | 28.41 |
| Total Income | 232.97 | 151.85 | 73.73 | 37.61 |
| Profit After Tax | 6.00 | 2.30 | 0.91 | 0.27 |
| NET Worth | 17.55 | 11.55 | ||
| Reserves and Surplus | 8.27 | 10.78 | 4.13 | 3.23 |
| Total Borrowing | 48.76 | 36.80 | ||
| 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 meet the working capital requirements | 15.08 |
| 2 | General Corporate Purpose and | 3.65 |
| KPI | |
|---|---|
| Debt/Equity | 2.77 |
| RoNW | 19.92% |
| PAT Margin | 4.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.00 | |
| P/E (x) | 12.07 | |
| Promoter Holding | 99.99% | |
| Market Cap | ₹95.17 Cr. |
The Auro Impex & Chemicals IPO is subscribed 66.94 times on May 15, 2023 7:29:00 PM (Day 3). The public issue subscribed 50.72 times in the retail category, 31.67 times in the QIB category, and 104.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 31.67 | 3,47,040 | 1,09,92,000 |
| NII* | 104.05 | 11,79,242 | 12,26,99,200 |
| Retail | 50.72 | 19,44,118 | 9,86,11,200 |
| Total | 66.94 | 34,70,400 | 23,23,02,400 |
Total Application : 61,632
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars, Brokerage & Selling Commission and other out of pocket expenses | 2.14 |
| 2 | Fees Payable to Advertising and Marketing Expenses, Fees Payable to Regulators including Stock Exchange | 1.88 |
| 3 | Printing and Stationery Expenses | 0.01 |
| 4 | Others (Banker’s to the Issue, Auditor’s fees etc) | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹78.00 |
| Low | ₹74.20 |
| High | ₹78.50 |
| Last Trade | ₹75.70 |
Lead Manager Reports
Auro Impex IPO is a SME IPO of 34,70,400 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on Thu, May 11, 2023, and closes on Mon, May 15, 2023.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Auro Impex IPO using UPI as a payment gateway. Zerodha customers can apply in Auro Impex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Auro Impex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Auro Impex IPO opens on Thu, May 11, 2023 and closes on Mon, May 15, 2023.
Auro Impex IPO lot size is 1600, and the minimum amount required for application is ₹1,24,800.
You can apply in Auro Impex 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 Auro Impex IPO will be done on Thursday, May 18, 2023, and the allotted shares will be credited to your demat account by Mon, May 22, 2023. Check the Auro Impex IPO allotment status.
The Auro Impex IPO listing date is on Tue, May 23, 2023.
