Madhya Pradesh based Aartech Solonics Limited is a system solution oriented R&D enterprise in the field of specialized and selected energy appliances. It is involved in the manufacturing of electricity distribution & control apparatus.
| Bidding Dates |
|---|
| 12 Mar 2019 - 18 Mar 2019 |
| Subscription |
|---|
| 2x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,36,000 | 1 | 1 | 4000 | 2.1 M | ₹34 | 69.97 % | ₹72.1 M | RHP DOC |
Aartech Solonics IPO SUBSCRIPTION STATUS
18 Mar '19Aartech Solonics IPO overall subscription rate was 2 times the total available shares
Aartech Solonics IPO retail subscription rate was 1.64 times in the retail segment
Aartech Solonics IPO non-institutional investor subscription rate was 2.35 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
18 Mar 2019 (Day 5) | 1.64x | 2.35x | - |
14 Mar 2019 (Day 3) | 0.94x | 1.82x | - |
15 Mar 2019 (Day 4) | 1.12x | 1.83x | - |
13 Mar 2019 (Day 2) | 0.49x | 1.53x | - |
12 Mar 2019 (Day 1) | 0.29x | 1.23x | - |
Aartech Solonics 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) |
| 6MFY19 | 6.0 | 34.6 | 13.0 | 12.9 |
| FY18 | 11.8 | 113.0 | 6.8 | 6.9 |
| FY17 | 3.0 | 127.3 | 19.9 | 18.3 |
| FY16 | 2.3 | 97.3 | 1.6 | 0.2 |
| FY15 | 11.3 | 92.3 | -10.0 | -11.6 |
| FY 14 | -7.0 | 88.6 | 24.7 | 23.1 |
Aartech Solonics IPO SUBSCRIPTION STATUS DETAILS
Aartech Solonics had 2.1 M shares on offer
Aartech Solonics IPO offer price was ₹34
Aartech Solonics IPO minimum Investment was ₹136000
Aartech Solonics IPO issue size was ₹ 72.1 M
Aartech Solonics had a minimum lot size of 4000 Shares per application
Aartech Solonics NUMBER OF SHARES ON OFFER
Aartech Solonics IPO IMPORTANT DATES
| Issue Open Date | 12 Mar 2019 |
| Issue close Date | 18 Mar 2019 |
| Allotment Date | 22 Mar 2019 |
| Refund Date | 25 Mar 2019 |
| Demat Account Credit Date | 25 Mar 2019 |
| Listing Date | 27 Mar 2019 |
| Listing on Exchange(s) | BSE |
| Aartech Solonics Allotment Status | Exchange |
Aartech Solonics IPO subscription opened on 12 Mar 2019, and closed on 18 Mar 2019
IPO allotment for Aartech Solonics was finalized on Friday, 22 Mar 2019
IPO listing for Aartech Solonics was on BSE on Wednesday, 27 Mar 2019
Aartech Solonics IPO LISTING GAINS
| Issue Price (adjusted) | 7.6 |
| Listing Open Price | 34.0 |
| Listing Close Price | 23.1 |
| Listing Gain% | -0.1% |
| Current Gain% | 521.7% |
Aartech Solonics 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aartech Solonics Ltd. | 47 | 33.2 | 33.8 | 0.5 | 3.7 | 11.5 | 8 | 42.2 | 7.3 | 4 | 46.5 | 1.4 | 61.6 |
| ABB India Ltd. | 7600 | 161050.4 | 53.9 | 11.8 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| Hitachi Energy India Ltd. | 32600 | 145306 | 126.3 | 1 | 15.9 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| Bharat Heavy Electricals Ltd. | 405.2 | 141093.2 | 58 | 0.1 | 3.9 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 7 | 739.4 |
| Siemens Ltd. | 3940.1 | 140315 | 90.2 | -2.2 | 7.8 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 43.7 | -40.3 |
| CG Power and Industrial Solutions Ltd. | 879 | 138482.1 | 110.8 | 4.5 | 10.8 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 7.9 | 24.7 |
Aartech Solonics INFORMATION ON IPO ISSUE
About Aartech Solonics
Madhya Pradesh based Aartech Solonics Limited is a system solution oriented R&D enterprise in the field of specialized and selected energy appliances. It is involved in the manufacturing of electricity distribution & control apparatus.
Object of the Issue
- Investment in the wholly owned subsidiary company - "M/S AIC Aartech Solonics Private Limited"- Rs 200 lakhs
- Investment in the wholly owned subsidiary company - " M/S Faradigm Ultracapacitors Private Limited";- Rs 250 lakhs
- For General Corporate Expenses including Capital Expenditure & Research and Development Expenses- Rs 120 lakhs
- Working Capital Requirement;- Rs 100 lakhs
- Meeting Public Issue Expenses- Rs 50 lakhs
Aartech Solonics - PROMOTERS
| Name |
|---|
| Anil Anant Raje |
| Chhaya Raje |
Aartech Solonics Lead Manager
Swastika Investmart Ltd
merchantbanking@swastika.co.in
Aartech Solonics Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Aartech Solonics Strengths
Improve Performance and Enhance Returns from Our Core Business
The company intends to continue to focus on enhancing project execution capabilities so as to derive multiple benefits of client satisfaction and improvements in skills.
Vast Experience of more than two Decades
The company and core management team have vast experience of more then two decades in executing the project from small to large scale be it small residential projects to a large industrial projects
Optimal Utilization of Resources
The company constantly endeavors to improve our process, skill up-gradation of employees, modernization of infrastructure and methods of processing
Aartech Solonics Risks
Involved in certain litigation
The company is currently involved in certain litigation which is pending at various stages
Inaccuracy in relation to regulatory filings
The company has had certain inaccuracies in relation to regulatory filings to be made with the RoC and has made non-compliances with the certain provision under applicable law.
IPO FAQs
Aartech Solonics Ltd. IPO listing opened at Rs 33.95 while the issue price was Rs 34.00 giving -0.15% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 7.56 giving 521.69% gains since its IPO listing.
The promoters of the company are Anil Anant Raje and Chhaya Raje.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 34.0 - 34.0.
The IPO application opens on Mar 12, 2019 and closes on Mar 18, 2019.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 136,000.0, the maximum value for this IPO is Rs 136,000.0.
This IPO will be allotted on Mar 22, 2019.
The refund will be credited to your account on Mar 25, 2019.
The allotted shares will be credited to your demat on Mar 25, 2019.
Aartech Solonics Ltd.’s shares listed on the stock exchanges on Mar 27, 2019.