IPO

Aartech Solonics Limited IPO

BSE SME

Offer Date: Mar 12, 2019 - Mar 18, 2019

₹ 136000 /4000 Shares

IPO Details

12 Mar, 2019

Open Date

18 Mar, 2019

Close Date

25 Mar, 2019

Allotment Date

27 Mar, 2019

Listing Date

Issue Price

Rs 34/- Per Equity Share 

Face Value

Rs 10/- Per Equity Share 

Listing at Group

BSE SME

Registrar

BIGSHARE SERVICES PRIVATE LIMITED

Market Lot

4000 Shares (Rs 1,36,000/-)

Lead Manager

Swastika Investmart  Limited

Issue Size

Fresh issue of 21,20,000 Equity Shares of Rs 10/- at a price of Rs 34/- per share aggregating to Rs 7.21 Cr

Retail Portion

N/A

Subscription

40,12,000 2.00 times

IPO Docs

No related IPO documents available.

IPO Details


Aartech Solonics Limited IPO is an SME IPO, priced at Rs 34/- Per Equity Share . The equity shares have a face value of Rs 10/- Per Equity Share  each and will be listed on the BSE SME platform.

The IPO bidding window is open from Mar 12, 2019 to Mar 18, 2019. The allotment is expected to be finalized on Mar 25, 2019, and the tentative listing date is Mar 27, 2019.


Swastika Investmart  Limited is acting as the lead manager to the issue. The registrar of the IPO is BIGSHARE SERVICES PRIVATE LIMITED, and

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IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved10,04,00010,04,00020,08,000
Day 1 - 12-03-1912,32,000 1.23 x2,96,000 0.29 x15,28,000 0.76 x
Day 2 - 13-03-1915,36,000 1.53 x4,88,000 0.49 x20,24,000 1.01 x
Day 3 - 14-02-1918,28,000 1.82 x9,44,000 0..94 x27,72,000 1.38 x
Day 4 - 15-03-1918,36,000 1.83 x11,20,000 1.12 x29,56,000 1.47 x
Day 5 - 18-03-1923,64,000 2.35 x16,48,000 1.64 x40,12,000 2.00 x

Valuations

Earnings Per Share (EPS)

Rs 1.07/-

P/E Ratio

31.72

RoNW

4.32%

Net Asset Value (Post Issue)

Rs 35.41/-

Company Financials All values are in ₹ Cr.

- Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
Aartech Solonics Limited0.9631.724.32%11.10
Star Delta Transformers Limited0.9911.198.20%64.81
Transformers and Rectifiers (India) Limited0.6127.322.24%723.83

- Promoter(s)

Company Promoter(s)
  1. Mr. Anil Anant Raje
  2. Mrs. Chhaya Raje

IPO - Issue Objectives

  1. Investment in wholly owned subsidiary company - 'M/S AIC Aartech Solonics Private Limited'. ( Rs 2.00 Cr )
  2. Investment in wholly owned subsidiary company - 'M/S Faradigm Ultracapacitors Private Limited'. ( Rs 2.50 Cr )
  3. For General Corporate Expenses including Capital Expenditure & Research and Development Expenses. ( Rs 1.21 Cr )
  4. Working Capital Requirement. ( Rs 1.00 Cr )
  5. Meeting Public Issue Expenses. ( Rs 0.50 Cr )

IPO - FAQs

Ans. Aartech Solonics Limited IPO is a SME IPO. The issue is priced at Rs 34/- Per Equity Share . The minimum order quantity is 4000 Shares. The IPO opens on Mar 12, 2019, and closes on Mar 18, 2019. BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Aartech Solonics Limited IPO opens on Mar 12, 2019 and closes on Mar 18, 2019.

Ans. The size of Aartech Solonics Limited IPO is Fresh issue of 21,20,000 Equity Shares of Rs 10/- at a price of Rs 34/- per share aggregating to Rs 7.21 Cr.

Ans. The IPO price band is set between Rs 34/- Per Equity Share .

Ans. To apply for Aartech Solonics Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Aartech Solonics Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Aartech Solonics Limited IPO is Mar 25, 2019.

Ans. The Aartech Solonics Limited IPO will be listed on Mar 27, 2019.

Ans. Follow the steps to check the allotment status for Aartech Solonics Limited IPO here.