Aimtron Electronics Limited IPO Message Board (Page 4)

Is it good? 🤔

On fundamental level it's excellent, biz has strong tailwinds, and they are moving up the value chain from PCBA to box-build. Peers all trade at insane multiples. Margins are very high here, likely because they get 50% of their biz from their US group co, so cannot expect same multiples. I'm expecting strong H2 numbers based on a few cues, if that happens Aimtron will be very cheap.

SME stocks not in much favor in market right now plus this is a large size issue so there's risk. I'm applying FF with view to hold for a few weeks atleast. @CA Saurabh Bansal

I was also applying ff (4 retail 😝), was waiting for your analysis to be sure

​@rohiitian I am liking multiple good things in RHP:
1. Their revenue % from Box-Build and E to E solutions has increased over years and also EBITDA margin also increased may be due to this mix.
2. They are selling to multiple industries and exporting to multiple countries mainly in USA. Though export and domestic sale details in not tying with country level details.
3. Revenue from top 10 customer decreased over years.
4. Import % decreased over year5. Cash flow from operation turned positive this year.

6. Loan from director is interest free.
7. Receivable for more than 6 months are not material.

Negative:
1. Out of total sale of 67 cr till Dec'23, 35cr is to related party named "Amitron Corporation USA".

2. Couldn't find any big client.
Question:
To me Vinyas looks direct competitor because it is in both PCB and Box builds but Amatron has higher margin due to US export so i think it deserver higher PE then Vinyas ?

​@rohiitian Congratulations on allotment and do you think it is good for buy in preopen if lists near IPO price ?

​@rohiitian Also can you please revert on my valuation question on above thread as well, or would be great help

​@CA Saurabh Bansal It won't get a higher PE - most electronics biz get high PE with expectation of high growth now and eventual profit expansion. Aimtron profits are already high due to 50% orders from US group co which market will discount. I don't see this getting 60-80 PE, though happy to be proven wrong.

​@rohiitian  This group co revenue was also looking bad to me but one thing I was thinking that since US has higher corporate tax so sale price in Indian co should be good and margin is also very good compared to competitor, planning to hold for medium or long term ?

Will hold till results for sure, and take call after that

​@rohiitian Good listing means market is giving more importance to it's margin than group revenue

Personal bank chala rhe ho sir

17/ 17 / 8 / 9 /11
🤞🤞

Applied 54/54/54. Hopefully will get 1 lot but left it to the lottery gods.

​@rohiitian Good luck to you for Allotment and Good listing Gain🙏

Applied 11/11/11/11/8/8..
​@GrayIsTheNewBlack Bhai aapka account unblock hua ki nahi..mine is still block..

​@Anshujii - Not yet, I'm not even tracking anymore.
Made peace with the fact that bank employees will work at their snails pace and will unblock as an when they feel like.

​@GrayIsTheNewBlack @Anshujii  If you are talking about hdfc blocked accounts . My friend 4 account was blocked . After submitting some forms they have unblock it within a time of 7-8 days

​@Vbhav Done all that...don't know why it's stuck..

​@Anshujii Did they ask you to fill any form ?
They just asked me write an application.

Only written application..no form..

​@Anshujii - any update from HDFC Bank ?
Account still blocked for me.
Thinking of switching to ICICI for minor (Anyways I'm moving my salary account to ICICI)

@rohiitian - I guess you use ICICI account for minor ?

​@GrayIsTheNewBlack Yes, I've not faced any issue in ICICI. My money movement is limited though - I keep fixed amount there (enough for 2 simultaneous MB BHNIs) which I use to do smaller lots in SME.

​@rohiitian Thanks, does the multiplier/flexi FD feature work minor account as well ?

Applied
7/7/7/1

Yes 7 lots

Applied 7/7/7/15/15