Auro Impex & Chemicals Ltd. logo

Auro Impex & Chemicals, incorporated on January 20, 1994, specializes in manufacturing collecting electrodes, discharge electrode plate steel structures, and other internal components of an electrostatic precipitator. The electrostatic precipitator is a filtration device used to remove smoke and fine dust particles from flowing gas in various heavy industries such as steel plants, sponge iron industry, cement plants, thermal energy plants, and any other plant where coal is burnt, as a measure to control air pollution.

Bidding Dates
11 May 2023 - 15 May 2023
Subscription
66.93x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹124,8001116003.5 M₹74 - ₹7873.71 %₹256.8 M - ₹270.7 MRHP DOC

Auro Impex IPO SUBSCRIPTION STATUS

15 May '23
Total66.93x
Retail Individual Investor81.16x
HNI (NII) Investors235.71x
Qualified Institutional Buyers6.33x

Auro Impex IPO overall subscription rate was 66.93 times the total available shares

Auro Impex IPO retail subscription rate was 81.16 times in the retail segment

Auro Impex IPO non-institutional investor subscription rate was 235.71 times in the non-institutional investor category

Auro Impex IPO Qualified Institutional Bidder subscription rate was 6.33 times the available shares for Qualified Institutional Bidder

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
15 May 2023
(Day 3)
81.16x235.71x6.33x
12 May 2023
(Day 2)
16.29x19.13x2.29x
11 May 2023
(Day 1)
4.14x5.3x0.38x

Auro Impex FINANCIALS

Period Net Profit (Rs in millions) Revenue from Operations (Rs in millions) Cash Flow from Operations (Rs in millions) Free Cash Flow (Rs in millions) Margins
FY23 60.0 2,319.9 28.4 -2.3 4.8%
FY22 23.0 1,506.5 -39.1 -65.8 4.4%

Auro Impex IPO SUBSCRIPTION STATUS DETAILS

Auro Impex had 3.5 M shares on offer

Auro Impex IPO offer price was in the range ₹74 - ₹78

Auro Impex IPO minimum Investment was ₹124800

Auro Impex IPO issue size was ₹ 256.8 M - ₹ 270.7 M

Auro Impex had a minimum lot size of 1600 Shares per application

Auro Impex NUMBER OF SHARES ON OFFER

Total3.5 M
Fresh Issue2.9 M
Offer for Sale550.0 K
Post Issue Promoter Holding %73.71 %

Auro Impex IPO IMPORTANT DATES

Issue Open Date11 May 2023
Issue close Date15 May 2023
Allotment Date18 May 2023
Refund Date19 May 2023
Demat Account Credit Date22 May 2023
Listing Date23 May 2023
Listing on Exchange(s)NSE
Auro Impex Allotment StatusExchange

Auro Impex IPO subscription opened on 11 May 2023, and closed on 15 May 2023

IPO allotment for Auro Impex was finalized on Thursday, 18 May 2023

IPO listing for Auro Impex was on NSE on Tuesday, 23 May 2023

Auro Impex IPO LISTING GAINS

Issue Price (adjusted)78.0
Listing Open Price78.0
Listing Close Price75.7
Listing Gain%0.0%
Current Gain%-59.9%

Auro Impex Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Auro Impex & Chemicals Ltd.31.2379.2-0.70.18.13.8251.8-4.94.2-10.23.4-12.8
Solar Industries India Ltd.19438175894.788.31.515.526.715.49965.730.91677.638.7220.157.8
PTC Industries Ltd.2438538643.4307.72.955.46.75.2643.388101.666.479.3105
Zetwerk Manufacturing Businesses Ltd.159.126955.60-12.216100.640.1-1632.4-345.9
Inox India Ltd.1843.916765.265.87.610.423.112.81632.321.2257.914.1288.7
Kennametal India Ltd.3730.88199.641.80.55.42315.51521.528.419690.589.290.5

Auro Impex INFORMATION ON IPO ISSUE

About Auro Impex

Auro Impex & Chemicals, incorporated on January 20, 1994, specializes in manufacturing collecting electrodes, discharge electrode plate steel structures, and other internal components of an electrostatic precipitator. The electrostatic precipitator is a filtration device used to remove smoke and fine dust particles from flowing gas in various heavy industries such as steel plants, sponge iron industry, cement plants, thermal energy plants, and any other plant where coal is burnt, as a measure to control air pollution.

Object of the Issue

  1. To meet the working capital requirements
  2. General corporate purpose and to meet the issue expenses

Auro Impex - PROMOTERS

Name
Madhusudan Goenka
Praveen Kumar Goenka

Auro Impex Lead Manager of the Issue

Affinity Global Capital Market Private Limited

auroimpex@affinityglobal.in

Auro Impex Registrar to the issue

Cameo Corporate Services Limited

priya@cameoindia.com

Auro Impex Strengths

Consistent focus on quality

The goods undergo quality checks at various stages of the manufacturing process to ensure that any quality issues or product problems are promptly corrected. The company also receives repeat orders from the buyers because it matches their quality criteria

Strength

Established manufacturing facilities

The company's years of industry expertise, strategically located production facilities, focus on design and quality, and cost-effective manufacturing technology processes have enabled it to meet the customised and exacting needs of its clients

Strength

Auro Impex Risks

Dependent on a few customers

The business is heavily reliant on a small number of customers, and any loss of, or significant decrease in purchases by these customers could have a negative impact on the company's operations and financial performance

Risk

Negative cash flows

The company has had negative cash flows in the past and sustained negative cash flow could impact growth and business

Risk

IPO FAQs

  • This IPO consists of an offer for sale of up to Rs 4.3 crore, of 550,000 shares. It also consists of a fresh issue of Rs 20.0 crore.
  • The promoters of the company are Madhusudan Goenka and Praveen Kumar Goenka.
  • The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
  • The price band of the IPO is Rs 74.0 - 78.0.
  • The IPO application opens on May 11, 2023 and closes on May 15, 2023.
  • The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
  • For all category investors, the minimum application amount for this IPO is Rs. 124,800.0, the maximum value for this IPO is Rs 124,800.0.
  • This IPO will be allotted on May 18, 2023.
  • The refund will be credited to your account on May 19, 2023.
  • The allotted shares will be credited to your demat on May 22, 2023.
  • Auro Impex & Chemicals Ltd.’s shares listed on the stock exchanges on May 23, 2023.