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.
Auro Impex & Chemicals IPO Details
| IPO Date | May 5, 2023 to May 9, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹74 to ₹78 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | |
| Fresh Issue | [.] shares (aggregating up to ₹20.00 Cr) |
| Offer for Sale | 550,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Auro Impex & Chemicals IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Auro Impex & Chemicals IPO Tentative Timetable
Auro Impex & Chemicals IPO opens on May 5, 2023, and closes on May 9, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | May 5, 2023 |
| Closing Date | May 9, 2023 |
| Basis of Allotment | May 12, 2023 |
| Initiation of Refunds | May 15, 2023 |
| Credit of Shares to Demat | May 16, 2023 |
| Listing Date | May 17, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Auro Impex & Chemicals IPO Lot Size
The Auro Impex & Chemicals IPO lot size is 1600 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
| HNI (Min) | 2 | 3,200 | ₹249,600 |
| Lot Size Calculator |
Auro Impex & Chemicals IPO Promoter Holding
Mr. Madhusudan Goenka and Mr. Praveen Kumar Goenka are the company promoters.
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,841.42 | 3,760.98 | 27.01 | 322.62 | ||
| 31-Mar-21 | 3,360.59 | 7,372.70 | 90.54 | 413.16 | ||
| 31-Mar-22 | 6,219.56 | 15,184.93 | 230.03 | 1,155.04 | 1,077.70 | 3,679.97 |
| 30-Sep-22 | 7,097.36 | 12,249.00 | 267.26 | 1,422.30 | 1,344.96 | 3,587.97 |
| 31-Mar-23 | 8,228.09 | 23,296.54 | 599.92 | 1,754.96 | 826.88 | 4,875.92 |
| Amount in ₹ Lakhs |
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 IPO Prospectus
Company Contact Information
Auro Impex & Chemicals Limited
32 K.L. Saigal Sarani,
740A, Block- P,
New Alipore, Kolkata- 700053
Phone: +91 8240927251
Email: investor@auroimpex.com
Website: https://auroimpex.com/
Auro Impex & Chemicals IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/