IPO Details
Bidding Dates
30 May 24 - 03 Jun 24
Price Range ₹
153 - 161
Total Equity
₹ 87.02Cr
Lot Size
800
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
30 May 2024
Offer end
03 Jun 2024
Allotment
04 Jun 2024
Refund initiation
05 Jun 2024
Demat transfer
05 Jun 2024
Listing
06 Jun 2024
Offer start
30 May 2024
Offer end
03 Jun 2024
Allotment
04 Jun 2024
Refund initiation
05 Jun 2024
Demat transfer
05 Jun 2024
Listing
06 Jun 2024
About Company
Founded in April 2011, Aimtron Electricals Limited specializes in providing electronics system design and manufacturing (ESDM) services, focusing on high-value precision engineering products. The company offers PCB design, assembly, and complete electronic system manufacturing for clients in India, the USA, Hong Kong, the UK, Spain, and Mexico. Their solutions primarily include: (i) Printed Circuit Board Assembly (PCBA), (ii) Box build assemblies, including applications in battery management systems for electric vehicles, (iii) Design solutions offering end-to-end services, from conceptualizing and engineering to product prototype development and turnkey manufacturing. Aimtron Electricals operates two manufacturing facilities, one in Vadodara, Gujarat, and another in Bengaluru, Karnataka. As of September 30, 2023, these facilities employed 131 people, including a team of 28 engineers dedicated to enhancing operational efficiency. The company holds several certifications, including ISO 13485:2016 for Quality Management Systems for medical devices, ISO 14001:2015 for Environmental Management Systems for high-tech electronic assemblies, and EN ISO 9001:2015 for management systems applicable to high-tech electronic assemblies.
Year Founded
19-04-2011
Promotor Details
Mukesh Jeram Vasani
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 96.96 | 71.29 |
| Share Capital | 14545020 | 14545020 |
Offer to Public
54,04,800.00 Cr
Project Details
- Funding Capital Expenditure towards installation of additional plant and machinery - 186.301cr
- Funding to meet working capital requirements - 252cr
- General Corporate Purpose - 191.056cr
- Repayment in full or in part, of certain of our outstanding borrowings - 150cr
Objectives
- Repayment in full or in part, of certain of our outstanding borrowings
- Funding Capital Expenditure towards installation of additional plant and machineryFunding to meet working capital requirementsGeneral Corporate Purpose.
Highlights
- The company holds several quality certifications, including ISO 13485:2016, ISO 14001:2015, and EN ISO 9001:2015. Additionally, its Vadodara facility is approved by the Canadian Standards Association.
- Aimtron Electronics serves clients across various industries, reducing the risk of business concentration with a few clients.
- The company offers a range of products and solutions, including PCB design and assembly, box build assemblies, and end-to-end services from design to mass manufacturing.
- Aimtron Electronics has comprehensive in-house capabilities for designing and manufacturing its products, reducing dependency on third-party manufacturers.
- The company has historically derived a significant portion of its revenue from exports, accounting for 82.66% in the period ending September 30, 2023.
Challenges
- The top 10 customers contribute a significant portion of the company's revenue, with Aimtron Corporation, USA, accounting for over 50% in recent years. Any loss of business from these key clients could negatively impact the company.
- Aimtron operates in the highly competitive ESDM industry, competing with established players like Kaynes Technology India Limited and Syrma SGS Technology Limited, which could hinder market share growth.
- A large portion of the company's revenue comes from PCB assemblies. Any slowdown in orders from this segment could adversely affect the company's financial performance.
- The company has registered net losses and negative cash flows in the past. Recurrence of these financial issues could hurt the business.
- The company is involved in legal proceedings with an approximate value of Rs 0.38 crore and has contingent liabilities of about Rs 2.7 crore. Adverse decisions in these proceedings or inability to service these liabilities could negatively impact the company's prospects.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 9,262.38 | 1,500.90 | 1,200.04 | 1,200.04 | 8.2505 |
| 2023 | 9,513.09 | 290.90 | 1,200.04 | 1,200.04 | 8.2505 |
