Auro Impex & Chemicals IPO Particulars & Guidance at Chanakyanipothi.com,
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Auro Impex & Chemicals IPO Review:
Strong and growing business, Impressive topline and profitability. Reasonable offer price. May Apply. Good chances of listing gains.
What is the GMP of Auro Impex & ChemicalsIPO? Click for latest GMP
Auro Impex & Chemicals IPO Subscription Status
On 15 May 2023 @ 5.00 (Closed)
QIB: 347040 Shares 31.67T
NII: 1179242 Shares 104.05T
RII: 1944118 Shares 50.71T
Total: 3470400 Shares 66.93T
Auro Impex & Chemicals IPO Particulars & Guidance:
About the business
Auro Impex & Chemicals is an ISO 9001:2015 certified Company that specializes in the manufacturing of Collecting Electrode, Discharge Electrode Plate steel structures and other internal components of an Electrostatic Precipitator (ESPs) – a filtration device used to remove smoke and fine dust particles from flowing gas used in various heavy industries such as Steel Plants, Sponge Iron industry, Cement Plants, Thermal Energy Plants and any other plant where the coal is burnt, as a measure to control Air Pollution.
With growing demand to minimize air pollution together with the increased awareness amongst the public and the government initiatives to reduce air pollution, in the year 2011, theCompany had set up a Manufacturing facility for manufacturing of 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 with all the requisite machines and equipment, with the goal of becoming one of the top producers of ESP Internals (Collecting Electrode, Discharge Electrode, Electro- magnetic rapper, Tank Fabrication and Duct Fabrication and ESP Internal spare parts etc).
The Company is specifically engaged into manufacturing of (i) Collecting Electrodes of all profiles, (ii) Discharge Electrodes, (iii) Electro- magnetic rapper, (iv) Tank Fabrication and Duct Fabrication, and (v) other ESP Internal spare parts, for some 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. it has created a long running relationship with its clients and have been able to expand its presence in India over the years by manufacturing quality items according to their specifications. 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.
It currently, operates through one (1) manufacturing facility located at Vill – Kanajuli, P.O Goborara, P.S. Gurap, Dhaniakhali, Hooghly712305, West Bengal, India.Hooghly, West Bengal, India, which is spread across an area of 2.44 acres (“Manufacturing Facility”). Its Manufacturing Facility is strategically located on Durgapur Expressway providing us with strategic and operational benefits.
Get more information about the company @ www.auroimpex.com
Auro Impex & Chemicals IPO Details | |
IPO opens on Tentative | 11 May 2023 |
IPO closes on | 15 May 2023 |
Issue Type | Book Built Issue IPO |
Issue Size | 3470400 Sh /Rs 27.07 Cr |
* Fresh Issue | 2920000 Sh /Rs 22.77 Cr |
* Offer for Sale | 550400 Sh /Rs 4.29 Cr |
Face Value per share: | Rs. 10 |
Price Band | Rs.74-78 |
Employee discount | Rs. 0 per share |
Retail Lot Size | 1600 Shares |
Listing will at | NSE Sme |
Shares offered to | ||
Shares | Rs. (Cr) | |
QIB (50%) | – | – |
NII (15%) | – | – |
RII (35%) | – | – |
Total Shares | 3296000 | 25.71 |
Retail portion will be oversubscribed by | ? | |
Forms | ||
How much Shares to Apply in Auro Impex & Chemicals IPO? | ||
Min Retail Application | 1600 Sh | Rs. 124800 |
Min HNI Application | 3200 Sh | Rs. 249600 |
Who are the Promoters of Auro Impex & Chemicals IPO?
MR. MADHUSUDAN GOENKA & MR. PRAVEEN KUMAR GOENKA
What are the Objects of Auro Impex & Chemicals IPO?
The Company proposes to utilize the Net Proceeds from the Issue to meet the working capital requirements.
IPO Tentative timetable | |
IPO opens on | 11 May 2023 |
IPO Closes on | 15 May 2023 |
IPO Allotment on | 18 May 2023 |
Unblocking of ASBA | 19 May 2023 |
Credit of Shares | 22 May 2023 |
Listing on | 23 May 2023 |
Registered Office of the Company |
32 K.L. Saigal Sarani, 740A, Block- P, New Alipore, Kolkata 700053, West Bengal, India |
Who are the Lead Managers of Auro Impex & Chemicals IPO? |
Affinity Global Capital Market Pvt. Ltd. |
Who is the Registrar to IPO? |
Cameo Corporate Services Limited |
IPO Financial & Analytical Ratios | ||||
Year | Total Income | Net Profit | EPS | RoNW |
Rs.in Cr | Rs.in Cr | Rs. | % | |
2019-20 | 37.61 | 0.27 | 3.49 | 6.75 |
2020-21 | 73.73 | 0.91 | 11.71 | 18.46 |
2021-22 | 119.78 | 2.05 | 26.45 | 29.43 |
Book Value of the Share on | 31.03.2022 | Rs.149.35 | ||
Book Value of the Share | after the IPO | Rs.- | ||
Offer Price | Rs. 78 |
Auro Impex & Chemicals Key Performance indicators |
|
Upper Price/last EPS | ? |
Upper price/BV Ratio | ? |
Upper price/BV after IPO | – |
–
IPO Particulars & Guidance
Peer Comparison:
There are no listed companies in India that engage in all aspects of the business that it operates. Accordingly, it is not possible to provide an industry comparison in relation to the Company.
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