Aimtron Electronics IPO Day 3: Issue subscribed over 14 times so far; Check latest GMP, other key details of SME IPO
- Aimtron Electronics IPO price band is set at ₹153 to ₹161 per share. At the upper-end of the price band, Aimtron Electronics IPO size comes at ₹87.02 crore. The book-built issue is entirely a fresh issue of 54.05 lakh equity shares.
Aimtron Electronics IPO: The initial public offering (IPO) of Aimtron Electronics Ltd has been receiving strong response led by retail and non-institutional investors. Aimtron Electronics IPO is an SME IPO which opened on May 30, ends today, June 3.
The company is an electronics system design and manufacturing (ESDM) services provider.
Let us check Aimtron Electronics IPO GMP today, subscription status and other key details
Aimtron Electronics IPO GMP
Aimtron Electronics IPO GMP today, or grey market premium today, has risen to ₹75 per share, as per stock market observers. This indicates that Aimtron Electronics shares trading at ₹236 apiece in the grey market, a premium of 46.58% to the issue price of ₹161.
Aimtron Electronics IPO Subscription Status
Aimtron Electronics IPO has been subscribed 14.82 times so far on June 3, the third and the last day of the bidding process. The public issue received bids for 5.31 crore equity shares as against 35.87 lakh shares on the offer, as per data available till 11:35 am.
The IPO has been subscribed 20.64 times in the retail category, 1.97 times in the Qualified Institutional Bidders (QIB) category, and 18.38 times in the Non-Institutional Investors (NII) category so far.
Aimtron Electronics IPO Details
Aimtron Electronics IPO opened for subscription on May 30 and will close on June 3. The IPO allotment is likely to be finalized on June 4 and the IPO listing date is June 6. The equity shares of Aimtron Electronics will be listed at NSE SME.
Aimtron Electronics IPO price band is set at ₹153 to ₹161 per share. At the upper-end of the price band, Aimtron Electronics IPO size comes at ₹87.02 crore. The book-built issue is entirely a fresh issue of 54.05 lakh equity shares.
The IPO lot size is 800 shares and the minimum investment amount required by retail investors is ₹128,800.
The company intends to utilize the net issue proceeds for repayment in whole or in part, of certain of the outstanding borrowings, funding capital expenditure towards the installation of additional plant and machinery, working capital requirements and general corporate purposes.
Hem Securities is the book running lead manager of the Aimtron Electronics IPO, while Link Intime India Private Ltd is the IPO registrar.
Mukesh Jeram Vasani, Nirmal M Vasani and Sharmilaben Lakhanbhai Bambhaniya are the promoters of the company. The promoter shareholding will come down to 71.29% after the IPO from the current 96.96%.
Aimtron Electronics has two manufacturing facilities in India. One in Vadodara, Gujarat, and the other in Bengaluru, Karnataka.
For the nine months ended December 31, 2023, of FY24, the company’s revenue stood at ₹67.64 crore and its net profit for the same period was at ₹9.76 crore.
In FY23, the company’s revenue jumped 169% to ₹72.39 crore from ₹26.89 crore in FY22. It reported a net profit of ₹8.63 crore in FY23 as against a net loss of ₹1.8 crore in the preceding fiscal year.
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