Auro Impex & Chemicals IPO will open for subscription from 11 May 2023. the company aims for an issue size of ₹24.29 crores through this IPO.
About Company
Incorporated in 1994, Auro Impex & Chemicals manufactures, exports, and supplies Discharge & Collecting Electrodes, and Electrostatic Precipitator (ESP) internal parts and spares. The company specializes in the manufacturing of Collecting Electrodes of all profiles, Discharge Electrodes, Electromagnetic rappers, Tank Fabrication and Duct Fabrication, and ESP Internal spare parts, for some Original Equipment Manufacturers (OEMs) and service providers.
Auro Impex has a manufacturing facility for electrostatic precipitator internals for both American and European designs in the state of West Bengal, spread across an area of 2.44 acres of land. In FY 2022, its manufacturing facility had an installed capacity of 15,500 MT and actual output of 12,252 MT. The company 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.
Basic details about the company
| Full name | Auro Impex & Chemicals Limited |
| Sector | Chemicals |
| Industry | Chemicals |
| Company Website | https://auroimpex.com/ |
The Objective of the Issue
- To meet the working capital requirements.
- General corporate purpose and to meet the issue expenses.
IPO Timetable
| IPO Opening date | 11 May 2023 |
| IPO Closing | 15 May 2023 |
| Basis of Allotment | 18 May 2023 |
| Initiation Refund | 19 May 2023 |
| Credit to Demat Account | 22 May 2023 |
| Listing Date | 23 May 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹24.29 Cr |
| Fresh Issue | ₹20 Cr |
| Offer for sale | ₹4.29 Cr |
| Face value | ₹10 per share |
| Price Band | ₹74 to ₹78 per share |
| Lot size | 1600 Shares |
| Retail Allocation | 35% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
| HNI (Min) | 2 | 3,200 | ₹249,600 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2020* | FY 2021* | FY 2022 | FY 2023 | |
| Revenue | 37.27* | 73.51* | 150.65 | 231.99 |
| Expenses | 37.31* | 72.79* | 148.73 | 224.68 |
| Net income | 0.27* | 0.91* | 2.30 | 6.00 |
Valuations & Margins
| FY 2022 | FY 2023 | |
| EPS | 2.48 | 6.46 |
| PE ratio | – | 11.46 – 12.07 |
| RONW (%) | 19.92 | 34.18 |
| NAV | 12.45 | 18.91 |
| ROE (%) | 19.92 | 34.18 |
| EBITDA (%) | 4.37 | 5.49 |
| Debt Equity Ratio | 4.33 | 3.65 |
Company Promoters
- Mr. Madhusudan Goenka
- Mr. Praveen Kumar Goenka
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | – |
Lead Manager(s)
AFFINITY GLOBAL CAPITAL MARKET PRIVATE LIMITED
20B, Abdul Hamid Street, East India House,
1st Floor, Room No. 1G, Kolkata – 700069
Phone: +91 33 4004 7188
Email: auroimpex@affinityglobal.in
Website: www.affinityglobalcap.in
IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
‘Subramanian Building’,
1, Club House Road,
Chennai – 600 002, Tamil Nadu
Phone: +91 40 6716 2222
Email: investor@cameoindia.com
Website: www.cameoindia.com
Contact Details
AURO IMPEX & CHEMICALS LIMITED
32, KL Saigal Sarani, 740A, Block- P,
New Alipore, Kolkata- 700053
Phone: +91 8240927251
E-mail: investor@auroimpex.com
Website: www.auroimpex.com
Allotment Status
Auro Impex IPO allotment status will be available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Final thoughts
Auro Impex & Chemicals IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
