Auro Impex & Chemicals IPO Particulars & Guidance at Chanakyanipothi.com,
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Auro Impex & Chemicals IPO

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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