Aimtron Electronics IPO will open for subscription from 30 May 2024. The company aims for an issue size of ₹87.02 Cr through this IPO.
Company Overview
| Full name | Aimtron Electronics Limited |
| Sector | Electricals |
| Industry | Electronics – Components |
| Company Website | https://www.aimtron.in/ |
About Company
Aimtron Electronics specializes in providing products and solutions for electronics system design and manufacturing (ESDM) services, focusing on high-value precision engineering products. The company offers a comprehensive range of services, from printed circuit board (PCB) design and assembly to manufacturing complete electronic systems (Box Build). They serve domestic and global manufacturers in India, the United States, Hong Kong, the United Kingdom, Spain, and Mexico.
The company offers a diverse array of products and services spanning multiple industry sectors. These ESDM products and services are vital for industrial automation, electric vehicle mobility, IoT and embedded systems, medical technology and wearables, gaming, robotics, and more. The end-user industries they cater to include the industrial sector, medical and healthcare equipment, automobiles, power, gaming, drones, and UAVs (unmanned aerial vehicles).
Aimtron Electronics operates through two manufacturing facilities, one located in Vadodara, Gujarat, and the other in Bengaluru, Karnataka. As of 31 December 2023, the company has approximately 132 employees across various levels of the organization.
The Objectives of the Issue
- 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 IPO Timetable
| IPO Opening date | 30 May 2024 |
| IPO Closing | 03 June 2024 |
| Basis of Allotment | 04 June 2024 |
| Initiation Refund | 05 June 2024 |
| Credit to Demat Account | 05 June 2024 |
| Listing Date | 06 June 2024 |
Aimtron Electronics IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹87.02 Cr – 5,404,800 shares |
| Fresh Issue | ₹87.02 Cr – 5,404,800 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹153 to ₹161 per share |
| Lot size | 800 Shares |
| Market Maker portion | 281,600 shares |
| Shareholding pre-issue | 14,545,025 |
| Shareholding post-issue | 19,949,825 |
| Listing Exchange | NSE SME |
Aimtron Electronics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹128,800 |
| Retail (Max) | 1 | 800 | ₹128,800 |
| HNI (Min) | 2 | 1,600 | ₹257,600 |
Aimtron Electronics IPO Documents
Aimtron Electronics IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,536,000 (28.42%) |
| Market Maker Shares Offered | 281,600 (5.21%) |
| QIB Shares Offered | 1,024,800 (18.96%) |
| NII (HNI) Shares Offered | 768,800 (14.22%) |
| Retail Shares Offered | 1,793,600 (33.19%) |
| Total Shares Offered | 5,404,800 (100%) |
Aimtron Electronics Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 52.78 | 26.32 | 71.58 | 67.07 |
| Expenses | 33.05 | 28.52 | 60.66 | 54.71 |
| Net income | 15.72 | (1.80) | 8.63 | 9.77 |
Aimtron Electronics Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 29.60 | (3.38) | 10.67 |
| PE ratio | – | – | 14.34 – 15.09 |
| RONW (%) | 73.30 | (8.84) | 27.64 |
| NAV | 40.38 | 38.24 | 38.60 |
| ROCE (%) | 87.29 | (5.55) | 25.33 |
| EBITDA (%) | 38.66 | (2.69) | 23.04 |
| Debt/Equity | 0.12 | 0.42 | 0.65 |
Company Promoters
- Mukesh Jeram Vasani
- Nirmal M Vasani
- Sharmilaben Lakhanbhai Bambhaniya.
Promoter Holding
| Pre Issue Share Holding | 96.69% |
| Post Issue Share Holding | 71.29% |
Aimtron Electronics Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 5 June 2024 | 35 | – | 22,000 |
| 4 June 2024 | 60 | – | 38,000 |
| 3 June 2024 | 67 | – | 41,500 |
| 31 May 2024 | 58 | – | 37,000 |
| 30 May 2024 | 55 | – | 32,000 |
| 29 May 2024 | 53 | – | 30,000 |
| 28 May 2024 | 50 | – | 30,000 |
| 27 May 2024 | 30 | – | 17,500 |
Aimtron Electronics IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 10,24,800 | 7,68,800 | 17,93,600 | 35,87,200 |
| 3 Jun 2024 | 69.93 | 203.09 | 71.51 | 99.26 |
| 31 May 2024 | 1.97 | 4.63 | 7.87 | 5.49 |
| 30 May 2024 | 1.95 | 1.43 | 2.82 | 2.27 |
Aimtron Electronics IPO Allotment Status
Aimtron Electronics IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Aimtron Electronics IPO Listing Details
| Listing Date | 06 June 2024 |
| BSE Scrip Code | – |
| NSE Symbol | AIMTRON |
| ISIN | INE0RUV01018 |
| Final Issue Price | ₹161 per share |
Aimtron Electronics IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹161.00 |
| Open | ₹241.00 |
| Low | ₹240.10 |
| High | ₹253.05 |
| Last Trade | ₹253.05 |
Aimtron Electronics Offer Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Aimtron Electronics Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, L. B. S. Marg, Vikhroli
(West), Mumbai – 400 083
Telephone: +91 810 811 4949
Email: aimtron.ipo@linkintime.co.in
Website: www.linkintime.co.in
Aimtron Electronics Contact Details
AIMTRON ELECTRONICS LIMITED
Plot No 1/A, G.I.D.C.Estate, Vadodara,
Waghodia, Gujarat, India, 391760
Phone: +91-9687632057
E-mail: cs@aimtron.com
Website: www.aimtron.in
Aimtron Electronics IPO FAQs
What is the Aimtron Electronics offer size?
Aimtron Electronics offer size is ₹ 76.57 – 87.02 crores.
What is the Aimtron Electronics offer price band?
Aimtron Electronics public offer price is ₹ 153 – 161 per share.
What is the lot size of the Aimtron Electronics Offer?
Aimtron Electronics offer a lot size is 800 shares.
What is Aimtron Electronics Offer GMP today?
Aimtron Electronics IPO GMP today is ₹ 35 per share.
What is the Aimtron Electronics kostak rate today?
Aimtron Electronics kostak rate today is ₹ NA per application.
What is Aimtron Electronics Subject to the Sauda rate today?
Aimtron Electronics is Subject to the Sauda rate today is ₹ 22,000 per application.
Final thoughts
Aimtron Electronics IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
