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.
IPO Size: 5,404,800 shares (87.02 Cr) Fresh Issue: 5,404,800 shares (87.02 Cr) Subscription Dates: May 30, 2024 to June 3, 2024 Expected Allotment: Tuesday, June 4, 2024 Listing Date (Tentative): June 6, 2024 Price Band: ₹153 to ₹161 per share Retail Investors: ₹.128,800 (800 shares) Small HNI : ₹.257,600(2 lots, 1600 shares) Big HNI : ₹.1,030,400(8 lots, 6400 shares)
| IPO Date | May 30, 2024 to June 3, 2024 |
| Listing Date | June 6, 2024 |
| Face Value | ₹10 per share per share |
| Lot Size | 800 Shares |
| Total Issue Size | 5,404,800 shares (aggregating up to ₹87.02 Cr) |
| Fresh Issue | 5,404,800 (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 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,702,400 (50%) |
| NII (HNI) Shares Offered | 810,720 (15%) |
| Retail Shares Offered | 1,891,680 (35%) |
| Total Shares Offered | 5,404,800 (100%) |
| Investor Category | Shares Offered *** | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Qualified Institutions | 2,702,400 | |||
| Non-Institutional Buyers | 810,720 | |||
| Retail Investors | 1,891,680 | |||
| Total | 4,594,080 | 0 | 0.00 | 0.00 |
| GMP Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 29-05-2024 | ₹161 | ₹50 | ₹211 (31.06%) | 29-05-2024 11:05 |
| 28-05-2024 | ₹161 | ₹50 | ₹211 (31.06%) | 28-05-2024 11:05 |
| 27-05-2024 | ₹161 | ₹45 | ₹206 (27.95%) | 27-05-2024 12:05 |
| 26-05-2024 | ₹161 | ₹40 | ₹201 (24.84%) | 26-05-2024 11:05 |
| 25-05-2024 | ₹161 | ₹40 | ₹201 (24.84%) | 25-05-2024 10:05 |
Aimtron Electronics Limited 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 | 05:00 pm, June 3, 2024 |
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 | 1600 | ₹ 257,600 |
The promoters of the company are Mukesh Jeram Vasani, Nirmal M Vasani and Sharmilaben Lakhanbhai Bambhaniya.
| Share Holding Pre Issue | 100% |
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.
The company intend to utilize the proceeds of the Issue to meet the following objectives: -
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/
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
| Listing Date | June 6, 2024 |
| Final Issue Price | ₹ 161 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 161 | ₹ 161 |
Aimtron Electronics Limited IPO is a main-board FPO of 5,404,800 equity shares of the face value of ₹ 10 per share aggregating up to ₹ 87.02 Crores. The issue is priced at ₹153 to ₹161 per share. The minimum order quantity is 800 Shares.
The Aimtron Electronics Limited IPO opens on May 30, 2024 and closes on June 3, 2024.
Retail Investors: ₹.128,800 (800 shares) Small HNI : ₹.257,600(2 lots, 1600 shares) Big HNI : ₹.1,030,400(8 lots, 6400 shares)
The finalization of Basis of Allotment for Aimtron Electronics Limited IPO will be done on Tuesday, June 4, 2024, and the allotted shares will be credited to your demat account by Wednesday, June 5, 2024. Check the Aimtron Electronics Limited IPO allotment status.