Aimtron Electronics Limited IPO Detail
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.
Company Promoters
The promoters of the company are Mukesh Jeram Vasani, Nirmal M Vasani and Sharmilaben Lakhanbhai Bambhaniya.IPO Details
| IPO Opening Date | May 30, 2024 |
| IPO Closing Date | Jun 03, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹153 - 161 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | NSE SME |
| Issue Size | ₹87.02 Cr |
| Fresh Issue | ₹87.02 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.95x | 0.00x | 0.00x | 1.46x | 2.92x | 2.33x |
| Day 2 | 1.97x | 0.00x | 0.00x | 4.29x | 8.03x | 5.50x |
| Day 3 | 69.93x | 0.00x | 0.00x | 202.74x | 71.62x | 99.24x |
IPO Tentative Timetable
The Aimtron Electronics Limited IPO open date is May 30, 2024, and the close date is Jun 03, 2024. The issue may list on Jun 06, 2024.
| IPO Open Date | May 30, 2024 |
| IPO Close Date | Jun 03, 2024 |
| Basis of Allotment Date | Jun 04, 2024 |
| Initiation of Refunds | Jul 05, 2024 |
| Credit of Shares to Demat Account | Jun 05, 2024 |
| IPO Listing Date | Jun 06, 2024 |
IPO Lot Size
The Aimtron Electronics Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹128800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹128800 |
| Maximum | 1 | 800 | ₹128800 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 3630.38 | 5406.18 | 1571.72 |
| 31-Mar-22 | 5904.04 | 2689.41 | -180.15 |
| 31-Mar-23 | 8740.02 | 7239.98 | 863.19 |
| 30-Sep-23 | 8992.72 | 4388.10 | 710.37 |
Objects of the Issue:
The company intend to utilize the proceeds of the Issue to meet the following objectives: -
- Repayment in whole or in part, of certain of the outstanding borrowings;
- Funding Capital Expenditure towards the installation of additional plant and machinery
- Funding to meet working capital requirements
- General Corporate Purpose.
Aimtron Electronics Limited IPO Registrar:
Link Intime India Private Ltd
Aimtron Electronics Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Aimtron Electronics Limited
Plot No 1/A, G.I.D.C.Estate
Vadodara,
Waghodia-391760
