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Aaron Industries IPO is a fixed price issue of Rs 4.78 crores.
Aaron Industries IPO bidding started from August 20, 2018 and ended on August 24, 2018. The shares got listed on NSE SME on September 3, 2018.
Aaron Industries IPO price is ₹38 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹114,000.
Gretex Corporate Services Limited is the book running lead manager of the Aaron Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Aaron Industries IPO RHP for detailed information.
| IPO Date | August 20, 2018 to August 24, 2018 |
| Listing Date | September 3, 2018 |
| Face Value | ₹10 per share |
| Price | ₹38 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,257,000 shares (aggregating up to ₹4.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,525,838 |
| Share holding post issue | 4,782,838 |
| Market Maker portion | 63,000 shares |
Aaron Industries IPO offers 1,257,000 shares. 597,000 (47.49%) to NII, 597,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 63,000 (5.01%) |
| Other Shares Offered | 597,000 (47.49%) |
| Retail Shares Offered | 597,000 (47.49%) |
| Total Shares Offered | 1,257,000 (100%) |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
| Lot Size Calculator | |||
Aaron Industries Limited is a company engaged in the business of manufacturing and trading of Elevator products and other elevator parts with the continuation of existing business also. Currently, the company provides
Elevator product and parts including Elevator cabins, Doors, Frem, Header, Traction Machine etc.
Aaron Industries also provides electronic equipment like Busbar chambers, Cable tray, Distribution boxes, Loom switch and building hardware material like Z perline and slotted channel etc.
The company's total revenue increased to ` Rs 1,179.14 Lakh in 2018 from Rs 39.07 Lakh in 2014 at a CAGR of 97.67 %.
The EBIDTA increased to Rs 160.73 Lakh in 2018, from Rs 1.45 Lakh in 2014 at a CAGR of 156.42%.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 692.61 | 255.41 | 220.80 | 106.48 | 38.72 | |
| Total Revenue | 1,179.14 | 480.31 | 331.89 | 237.81 | 39.07 | |
| Profit After Tax | 107.03 | 4.94 | 3.86 | 3.66 | 0.84 | |
The Objects of the Issue are to:
1. Set up a new line of business in the expansion plan
2. Meet the working capital requirement; and
3. Meet the Public Issue Expenses
[Dilip Davda]
Issue appears fully priced on the basis of latest performance, which is also a bit surprising and raising concern over sustainability. There is no harm in giving this issue a miss.
Read detail review...The Aaron Industries IPO is subscribed 2.99 times on August 24, 2018 6:25:01 PM. The public issue subscribed 2.65 times in the retail category, times in the QIB category, and 3.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 3.26 |
| Retail | 2.65 |
| Total | 2.99 |
| Listing Date | September 3, 2018 |
| BSE Script Code | |
| NSE Symbol | AARON |
| ISIN | INE721Z01010 |
| Final Issue Price | ₹38 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹38.00 |
| ₹36.10 |
| ₹36.10 |
| ₹39.60 |
| ₹38.70 |
Aaron Industries Limited
B-65 & 66,
Jawahar Road No. 4, Udhyog Nagar
Udhana, Surat-394210, Gujarat
Phone: +91-02612278410
Email: info1@aaronindustries.net
Website: http://www.aaronindustries.net/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Aaron Industries IPO is a SME IPO of 1,257,000 equity shares of the face value of ₹10 aggregating up to ₹4.78 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000 Shares.
The IPO opens on August 20, 2018, and closes on August 24, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Aaron Industries IPO opens on August 20, 2018 and closes on August 24, 2018.
Aaron Industries IPO lot size is 3000 Shares, and the minimum amount required is ₹114,000.
You can apply in Aaron Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Aaron Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Aaron Industries IPO allotment status.
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