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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 ₹78.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,18,400 (1600 shares). The minimum lot size investment for 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 Date | May 11, 2023 to May 15, 2023 |
| Listing Date | May 23, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹74 to ₹78 per share |
| Issue Price Final | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 34,70,400 shares (aggregating up to ₹27.07 Cr) |
| Reserved for Market Maker | 1,74,400 shares Rikhav Securities Ltd. (aggregating up to ₹1.36 Cr) |
| Fresh Issue (Ex Market Maker) | 27,45,600 shares (aggregating up to ₹21.42 Cr) |
| Offer for Sale | 5,50,400 shares of ₹10 (aggregating up to ₹4.29 Cr) |
| Net Offered to Public | 32,96,000 shares (aggregating up to ₹25.71 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 92,80,800 shares |
| Share Holding Post Issue | 1,22,00,800 shares |
Auro Impex & Chemicals IPO offers total 34,70,400 shares. Out of which 3,29,600 (9.50%) allocated to QIB, 11,20,000 (32.27%) allocated to NII, 18,46,400 (53.20%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,74,400 (5.03%) |
| QIB Shares Offered | 3,29,600 (9.50%) |
| NII (HNI) Shares Offered | 11,20,000 (32.27%) |
| Retail Shares Offered | 18,46,400 (53.20%) |
| Total Shares Offered | 34,70,400 (100.00%) |
Auro Impex IPO opens on May 11, 2023, and closes on May 15, 2023.
| IPO Open Date | Thu, May 11, 2023 |
| IPO Close Date | Mon, May 15, 2023 |
| Tentative Allotment | Thu, May 18, 2023 |
| Initiation of Refunds | Fri, May 19, 2023 |
| Credit of Shares to Demat | Mon, May 22, 2023 |
| Tentative Listing Date | Tue, May 23, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, May 15, 2023 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,24,800 |
| Retail (Max) | 1 | 1,600 | ₹1,24,800 |
| HNI (Min) | 2 | 3,200 | ₹2,49,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,841.42 | 3,760.98 | 27.01 | 322.62 | ||
| 31-Mar-21 | 3,360.59 | 7,372.70 | 90.54 | 413.16 | ||
| 31-Mar-22 | 6,219.56 | 15,184.93 | 230.03 | 1,155.04 | 1,077.70 | 3,679.97 |
| 31-Mar-23 | 8,228.09 | 23,296.54 | 599.92 | 1,754.96 | 826.88 | 4,875.92 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Auro Impex IPO is ₹95.17 Cr.
| KPI | Values |
|---|---|
| Debt/Equity | 2.77 |
| RoNW | 19.92% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] After the average performance for FY21 and FY22 (standalone basis), it marked miraculous profits for FY23 on a standalone and consolidated basis. This not only raises eyebrows, but concerns over the sustainability going forward. One more surprise is the hike in the issue size in just a few days as can be seen from RHP dated 01.05.23 and 06.05.23. Considering this, the issue lacks transparency and is aggressively priced discounting all near-term positives. There is no harm in skipping this pricey IPO. Read detail review...
| Listing Date | May 23, 2023 |
| BSE Script Code | |
| NSE Symbol | AUROIMPEX |
| ISIN | INE0NUL01018 |
| Final Issue Price | ₹78 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹78.00 |
| Low | ₹74.20 |
| High | ₹78.50 |
| Last Trade | ₹75.70 |
Auro Impex & Chemicals Ltd.
32 K.L. Saigal Sarani,
740A, Block- P,
New Alipore,
Kolkata, West Bengal, 700053
Phone: +91 8240927251
Email: investor@auroimpex.com
Website: https://auroimpex.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Auro Impex IPO is a SME IPO of 34,70,400 equity shares of the face value of ₹10 aggregating up to ₹27.07 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on May 11, 2023, and closes on 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 May 11, 2023 and closes on 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 Monday, May 22, 2023. Check the Auro Impex IPO allotment status.
The Auro Impex IPO listing date is on Tuesday, May 23, 2023.
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