Aimtron Electronics was incorporated on April 19, 2011. The company is engaged in the business of providing products and solutions for electronics system design and manufacturing services with a focus on high-value precision engineering products. We provide products and solutions ranging from printed circuit board design and assembly to the manufacturing of complete electronic systems, to certain domestic and global manufacturers located in India, the United States of America, Hong Kong, the United Kingdom, Spain, and Mexico.
| Bidding Dates |
|---|
| 30 May 2024 - 03 Jun 2024 |
| Subscription |
|---|
| 92.09x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,400 | 1 | 1 | 800 | 5.4 M | ₹153 - ₹161 | 71.29 % | ₹826.9 M - ₹870.2 M | RHP DOC |
Aimtron Electronics IPO SUBSCRIPTION STATUS
03 Jun '24Aimtron Electronics IPO overall subscription rate was 92.09 times the total available shares
Aimtron Electronics IPO retail subscription rate was 94.86 times in the retail segment
Aimtron Electronics IPO non-institutional investor subscription rate was 269.07 times in the non-institutional investor category
Aimtron Electronics IPO Qualified Institutional Bidder subscription rate was 37.05 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Jun 2024 (Day 3) | 94.86x | 269.07x | 37.05x |
31 May 2024 (Day 2) | 10.43x | 6.14x | 1.04x |
30 May 2024 (Day 1) | 3.74x | 1.89x | 1.03x |
Aimtron Electronics 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 |
| 9MFY24 | 97.7 | 670.7 | 63.3 | 27.0 | 24.7% |
| FY23 | 86.3 | 715.8 | -109.2 | -127.3 | 23.0% |
| FY22 | -18.0 | 263.2 | 86.2 | -133.7 | -2.7% |
| FY21 | 157.2 | 527.8 | 62.2 | 55.3 | 38.7% |
Aimtron Electronics IPO SUBSCRIPTION STATUS DETAILS
Aimtron Electronics had 5.4 M shares on offer
Aimtron Electronics IPO offer price was in the range ₹153 - ₹161
Aimtron Electronics IPO minimum Investment was ₹122400
Aimtron Electronics IPO issue size was ₹ 826.9 M - ₹ 870.2 M
Aimtron Electronics had a minimum lot size of 800 Shares per application
Aimtron Electronics NUMBER OF SHARES ON OFFER
Aimtron Electronics IPO IMPORTANT DATES
| Issue Open Date | 30 May 2024 |
| Issue close Date | 03 Jun 2024 |
| Allotment Date | 04 Jun 2024 |
| Refund Date | 05 Jun 2024 |
| Demat Account Credit Date | 05 Jun 2024 |
| Listing Date | 06 Jun 2024 |
| Listing on Exchange(s) | NSE |
| Aimtron Electronics Allotment Status | Exchange |
Aimtron Electronics IPO subscription opened on 30 May 2024, and closed on 03 Jun 2024
IPO allotment for Aimtron Electronics was finalized on Tuesday, 04 Jun 2024
IPO listing for Aimtron Electronics was on NSE on Thursday, 06 Jun 2024
Aimtron Electronics IPO LISTING GAINS
| Issue Price (adjusted) | 161.0 |
| Listing Open Price | 241.0 |
| Listing Close Price | 253.1 |
| Listing Gain% | 49.7% |
| Current Gain% | 928.8% |
Aimtron Electronics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aimtron Electronics Ltd. | 1656.4 | 3381.3 | 75.1 | 1 | 11.1 | 19.6 | 11 | 303.5 | 87.2 | 46 | 79.4 | 22.1 | 75.7 |
| KRN Heat Exchanger and Refrigeration Ltd. | 1208.4 | 7511 | 98.2 | 2.2 | 12.5 | 13.3 | 8.2 | 609.8 | 38.1 | 76.5 | 44.6 | 12.3 | 44.6 |
| Centum Electronics Ltd. | 3851.8 | 5684.9 | -110.6 | 0 | 4.6 | -13.6 | -3.6 | 968.6 | -16.8 | -46.7 | -1999.6 | -34.8 | -2567.5 |
| Cyient DLM Ltd. | 685.6 | 5442.1 | 66.3 | 3.7 | 4 | 7.2 | 4.5 | 1297.7 | -16 | 73.3 | 7.6 | 10.3 | 18.1 |
| Marine Electricals (India) Ltd. | 336.9 | 4659.1 | 79.8 | 1.5 | 5.3 | 11.8 | 6.6 | 893.2 | 14.5 | 58.4 | 51.9 | 4.2 | 51.9 |
| Hind Rectifiers Ltd. | 1310.2 | 4503.4 | 100.1 | 4.7 | 4.5 | 21.6 | 6.8 | 1000.8 | 52.4 | 45 | 21.3 | 13.1 | 21.3 |
Aimtron Electronics INFORMATION ON IPO ISSUE
About Aimtron Electronics
Aimtron Electronics was incorporated on April 19, 2011. The company is engaged in the business of providing products and solutions for electronics system design and manufacturing services with a focus on high-value precision engineering products. We provide products and solutions ranging from printed circuit board design and assembly to the manufacturing of complete electronic systems, to certain domestic and global manufacturers located in India, the United States of America, Hong Kong, the United Kingdom, Spain, and Mexico.
Object of the Issue
- Repayment in full or in part, of certain of the outstanding borrowings
- Funding capital expenditure towards installation of additional plant and machinery
- Funding to meet working capital requirements
- General corporate purpose
Aimtron Electronics - PROMOTERS
| Name |
|---|
| Mukesh Jeram Vasani |
| Nirmal M Vasani |
Aimtron Electronics Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Aimtron Electronics Registrar to the Issue
Link Intime India Private Limited
aimtron.ipo@linkintime.co.in
Aimtron Electronics Strengths
One stop shop
The company offers well-diversified solutions comprising PCB design and assembly, box build assemblies, and design solutions offering end-to-end services right from designing to mass manufacturing
Product portfolio
The company has a wide range of products with applications across multiple industries such as the industrial sector, medical & healthcare equipment, automobiles, power, gaming, drones, and UAVs, etc
Long term customers
The company's quality products, manufacturing facilities, and customized services have enabled it to serve and retain its customers
Aimtron Electronics Risks
Highly competitive markets\
The company operates in highly competitive markets, and the scale and resources of some of the competitors may allow them to compete more effectively, which could result in a loss of market share and a decrease in net revenues and profitability
Negative cash flows
The company has had negative cash flows from operating activities in the past and may continue to have negative cash flows in the future
Legal proceedings
The company is involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render it liable to liabilities, penalties, or prosecutions and may adversely affect the business and results of operations
IPO FAQs
The promoters of the company are Mukesh Jeram Vasani and Nirmal M Vasani.
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 153.0 - 161.0.
The IPO application opens on May 30, 2024 and closes on Jun 03, 2024.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 122,400.0, the maximum value for this IPO is Rs 128,800.0.
This IPO will be allotted on Jun 04, 2024.
The refund will be credited to your account on Jun 05, 2024.
The allotted shares will be credited to your demat on Jun 05, 2024.
Aimtron Electronics Ltd.’s shares listed on the stock exchanges on Jun 06, 2024.