Aimtron Electronics IPO is a book built issue of Rs 87.02 crores. The issue is entirely a fresh issue of 54.05 lakh shares.
Aimtron Electronics IPO opens for subscription on May 30, 2024 and closes on June 3, 2024. The allotment for the Aimtron Electronics IPO is expected to be finalized on Tuesday, June 4, 2024. Aimtron Electronics IPO will list on NSE SME with tentative listing date fixed as Thursday, June 6, 2024.
Aimtron Electronics IPO price band is set at ₹153 to ₹161 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹128,800. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹257,600.
Hem Securities Limited is the book running lead manager of the Aimtron Electronics IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Aimtron Electronics IPO DRHP for detailed information.
Aimtron Electronics IPO Details
| IPO Date | May 30, 2024 to June 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹153 to ₹161 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 5,404,800 shares (aggregating up to ₹87.02 Cr) |
| Fresh Issue | 5,404,800 shares (aggregating up to ₹87.02 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,545,025 |
| Share holding post issue | 19,949,825 |
| Market Maker portion | 281,600 shares |
Aimtron Electronics IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Aimtron Electronics IPO Timeline (Tentative Schedule)
Aimtron Electronics IPO opens on May 30, 2024, and closes on June 3, 2024.
| IPO Open Date | Thursday, May 30, 2024 |
| IPO Close Date | Monday, June 3, 2024 |
| Basis of Allotment | Tuesday, June 4, 2024 |
| Initiation of Refunds | Wednesday, June 5, 2024 |
| Credit of Shares to Demat | Wednesday, June 5, 2024 |
| Listing Date | Thursday, June 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 3, 2024 |
Aimtron Electronics IPO Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹128,800 |
| Retail (Max) | 1 | 800 | ₹128,800 |
| HNI (Min) | 2 | 1,600 | ₹257,600 |
| Lot Size Calculator | |||
Aimtron Electronics IPO Promoter Holding
The promoters of the company are Mukesh Jeram Vasani, Nirmal M Vasani and Sharmilaben Lakhanbhai Bambhaniya.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
About Aimtron Electronics Limited
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.
Aimtron Electronics Limited Financial Information (Restated)
Aimtron Electronics Limited’s revenue increased by 169.2% and profit after tax (PAT) rose by 579.15% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,992.72 | 8,740.02 | 5,904.04 | 3,630.38 |
| Revenue | 4,388.10 | 7,239.98 | 2,689.41 | 5,406.18 |
| Profit After Tax | 710.37 | 863.19 | -180.15 | 1,571.72 |
| Net Worth | 3,833.64 | 3,123.26 | 2,038.96 | 2,144.26 |
| Reserves and Surplus | 3,542.74 | 2,832.36 | 1,969.17 | 2,075.83 |
| Total Borrowing | 1,907.89 | 2,023.61 | 848.98 | 262.54 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Aimtron Electronics IPO is Rs 321.19 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.93 | 7.12 |
| P/E (x) | 27.13 | 22.61 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Aimtron Electronics IPO Objectives)
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 IPO Prospectus
Aimtron Electronics Limited Contact Details
Aimtron Electronics Limited
Plot No 1/A, G.I.D.C.Estate
Vadodara, ,
Waghodia-391760
Phone: +91-9687632057
Email: cs@aimtron.com
Website: https://www.aimtron.in/
Aimtron Electronics IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: aimtron.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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