Auro Impex & Chemicals Limited IPO Detail
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.
Company Promoters
IPO Details
| IPO Opening Date | May 11, 2023 |
| IPO Closing Date | May 15, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹74 - 78 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹27.07 Cr |
| Fresh Issue | ₹27.07 Cr |
| Offer for Sale | 550,000 shares of ₹10 |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.92x | - | - | 2.34x | 2.71x | 2.50x |
| Day 2 | 11.46x | - | - | 8.45x | 10.20x | 9.73x |
| Day 3 | 31.67x | - | - | 104.05x | 50.72x | 66.94x |
IPO Tentative Timetable
The Auro Impex & Chemicals Limited IPO open date is May 11, 2023, and the close date is May 15, 2023. The issue may list on May 23, 2023.
| IPO Open Date | May 11, 2023 |
| IPO Close Date | May 15, 2023 |
| Basis of Allotment Date | May 18, 2023 |
| Initiation of Refunds | May 19, 2023 |
| Credit of Shares to Demat Account | May 22, 2023 |
| IPO Listing Date | May 23, 2023 |
IPO Lot Size
The Auro Impex & Chemicals Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹124800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹124800 |
| Maximum | 1 | 1600 | ₹124800 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 2,841.42 | 3,760.98 | 27.01 |
| 31-Mar-21 | 3,360.59 | 7,372.70 | 90.54 |
| 31-Mar-22 | 6,219.56 | 15,184.93 | 230.03 |
| 30-Sep-22 | 7,097.36 | 12,249.00 | 267.26 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet the working capital requirements.
- General corporate purpose and to meet the issue expenses.
Auro Impex & Chemicals Limited IPO Registrar:
Cameo Corporate Services Limited
Auro Impex & Chemicals Limited IPO Lead Manager(s):
Affinity Global Capital Market Private Limited
Company Contact Information:
Auro Impex & Chemicals Limited
32 K.L. Saigal Sarani,
740A, Block- P,
New Alipore, Kolkata- 700053
