June 6, 2024
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Aimtron Electronics IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Aimtron Electronics IPO Listing Review:
The scrip is listed at Rs. 241, premium of 49.69% over the issue price of Rs.161. This listing has been much above the expectations of the grey market players.
Aimtron Electronics IPO Post Listing Guidance:
The EPS for the year 2022-23 comes to Rs. 5.93 and the shares at upper price band is offered at Rs. 161 /PE Ratio of 27.15.The IPO received impressive subscriptions and amount wise subscription of Rs. 8185 crore was received. Now the shares are listed at Rs. 241. You can hold/Accumulate at this price.
What is the last GMP of Aimtron Electronics IPO?
Premium: Rs.25
Min Application Rs.
Subject to Rs.15200
Check Subscription status of Aimtron Electronics IPO
On 3 June 2024 @ 5.00 (Day 3) (Closed)
Review: Good trend in RIIs
QIB: 69.93 T
NII: 202.74 T
RII: 71.62 T
Total: 99.24 T
Application: 160563 (71.62X)
Amount wise Subscription: Rs. 8185.32 Crore
What is the business of Aimtron Electronics?
Aimtron Electronics is engaged in the business of providing products and solutions towards electronics system design and manufacturing (“ESDM”) services with a focus on high value precision engineering products. It provides product and solutions right from printed circuit board (“PCB”) design and assembly to the manufacturing of complete electronic systems (“Box Build”), to certain domestic and global manufacturers located in India, United States of America, Hongkong, United Kingdom, Spain, Mexico.
It offers tailored solutions for customers’ needs, encompassing automated micro-electronics assembly and precision component integration. Its solutions involve its client providing the design for the product for which it provides manufacturing services or in some cases require us to design the relevant product based on the specifications provided by the client including manufacturing of the product. Its solutions primarily comprises of: (i) printed circuit board assembly (“PCBA”), (ii) any box build assemblies in addition to finding its 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, manufacturing of turnkey requirements for our customers. Through its end-to-end
capabilities, it believes its customers may achieve tangible benefits such as reduced manufacturing costs, improved supply chain management and reduced inventory obsolescence.
It started in 2011 as a pure play PCB designer and assembler and over the years have invested in its capabilities and become one stop ESDM solution provider.
Our Company offers a broad range of products and services across multiple industry segments. These ESDM products and services are essential for industrial automation, electric vehicle mobility, IoT and embedded systems, medtech and wearables, gaming, robotics etc. They provide higher-level monitoring and control various functions of machines to define, organize, and meet production objectives. The end-use industries that it caters to include: Industrial sector, Medical & Healthcare Equipment, Automobiles, Power, Gaming, Drones and UAV (unmanned aerial vehicle) etc.
It operates through our two manufacturing facilities, one situated in Vadodara, Gujarat and the other situated in Bengaluru, Karnataka.
Get more information about the company @ https://www.aimtron.in/
| Aimtron Electronics IPO Details | |
| IPO opens on | 30 May 2024 |
| IPO closes on | 3 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5404800 Shares / Rs 87.02 Crore |
| * Fresh Issue | 5404800 Shares / Rs 87.02 Crore |
| * Offer for Sale | – Shares / Rs – Crore |
| Market Maker Portion | 281600 Shares |
| Net offer to Public | 5123200 Shares/ Rs.82.48 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.153-161 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 800 Shares |
| Listing will at | NSE SME |
| Shares offered in Aimtron Electronics IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2561600 | 41.24 |
| NII (15%) | 768480 | 12.37 |
| RII (35%) | 1793120 | 28.87 |
| Total Shares | 5123200 | 82.48 |
| Retail portion will be oversubscribed by | 2241 | |
| Forms | ||
| How much Shares to Apply in Aimtron Electronics IPO? | ||
| Min Retail Application | 800 Shares | Rs. 128800 |
| Min HNI Application | 1600 Shares | Rs.257600 |
Who are the Promoters of Aimtron Electronics IPO?
The promoters of the company are Mukesh Jeram Vasani, Nirmal M Vasani and Sharmilaben Lakhanbhai Bambhaniya.
What are the Objects of Aimtron Electronics IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The company intends to utilize the proceeds of the Offer to meet the following objects: –
1.Repayment in whole or in part, of certain of the outstanding borrowings;
2.Funding Capital Expenditure towards the installation of additional plant and machinery
3.Funding to meet working capital requirements
4.General Corporate Purpose.
| Aimtron Electronics IPO Tentative timetable | |
| IPO opens on | 30 May 2024 |
| IPO Closes on | 3 June 2024 |
| IPO Allotment on | 4 June 2024 |
| Refund Initiation | 5 June 2024 |
| Credit of Shares | 5 June 2024 |
| Listing on | 6 June 2024 |
| Registered Office of the Company Aimtron Electronics Limited Plot No 1/A, G.I.D.C.Estate Vadodara, , Waghodia-391760 |
| Who is the Lead Manager of Aimtron Electronics IPO? Hem Securities Limited |
| Who is the Registrar to IPO? Link Intime India Private Ltd |
| Aimtron Electronics IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | 54.06 | 15.72 | 73.30 | |
| 2021-22 | 26.89 | -1.80 | -8.84 | |
| 2022-23 | 72.40 | 8.63 | 5.93 | 27.64 |
| Book Value of the Share on (reworked after Bonus) | 31.03.2023 | Rs 7.72 | ||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 161 | |||
| Aimtron Electronics IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 27.15 |
| Price/BV Ratio | 20.85 |
| Upper price/BV after IPO | – |
How Aimtron Electronics IPO compares with the Peers?
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| Aimtron Electronics | 10 | 72.40 27.15 | |
| Kaynes Technologies | 10 | 1138 | 131.71 |
| Vinyas Innovative | 10 | 235 | 25.74 |
| Avalon Technologies | 2 | 959 | 57.72 |
| Syrma SGS | 10 | 2092 | 89.33 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Aimtron Electronics IPO To the point Guidance
Aimtron Electronics is engaged in the business of providing products and solutions towards electronics system design and manufacturing (“ESDM”) services with a focus on high value precision engineering products. It provides product and solutions right from printed circuit board (“PCB”) design and assembly to the manufacturing of complete electronic systems (“Box Build”), to certain domestic and global manufacturers located in India, United States of America, Hongkong, United Kingdom, Spain, Mexico.
Size: The net offer is of Rs. 82.48 Crore/5123200 shares. Retail portion is Rs. 28.87 crore and it can get one time subscribed with 2241 applications. The size of the IPO is very large, looking to the investor frenzy and one time over subscription may not be an issue. However huge oversubscription may not be seen
Financial Snapshot: Sharp fluctuations have observed in the topline and bottomline of the company during last 3 years. The company has issued bonus shares in the ratio of 4:1 on 18 October 2023 and accordingly, we have reworked EPS of the last 3 years based on enlarged Equity share Capital and accordingly the EPS for the year 2022-23 comes to Rs. 5.93 and the shares at upper price band is offered at Rs. 161 /PE Ratio of 27.15. In comparison to Kaynes and Syrma SGS, the shares are offered at very low PE multiple. However, this company cannot be compared with Kaynes and SGS, since there is huge difference in the business volume. Looking to the size of its business and current market fancy, we expect small listing gain for this IPO. Apply.
Quicklinks
Aimtron Electronics IPO GMP today details?
Aimtron Electronics IPO
Aimtron Electronics IPO FAQs
What is Aimtron Electronics IPO?
Aimtron Electronics is a SME IPO of 5404800 equity shares of the face value of Rs. 10 aggregating up to Rs.87.02 Crores. The issue is priced at Rs.153-161 per share. The minimum order quantity is 800 Shares.
When will Aimtron Electronics IPO open?
Aimtron Electronics IPO opens on May 30, 2024, and closes on June 6, 2024.
What is the lot size of Aimtron Electronics IPO?
Aimtron Electronics IPO lot size is 800 Shares, and the minimum amount required is Rs.128800.
How to apply for Aimtron Electronics IPO?
You can apply in Aimtron Electronics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Aimtron Electronics IPO allotment?
The finalization of Basis of Allotment for Aimtron Electronics IPO will be done on 4 June, 2024, and the allotted shares will be credited to your demat account by June 5, 2024.
When is Aimtron Electronics IPO listing date?
Aimtron Electronics IPO listing date is June 6, 2024.
