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Auro Impex & Chemicals IPO is a book built issue of Rs 27.07 crores. The issue is a combination of fresh issue of 29.2 lakh shares aggregating to Rs 22.78 crores and offer for sale of 5.5 lakh shares aggregating to Rs 4.29 crores.
Auro Impex & Chemicals IPO bidding started from May 11, 2023 and ended on May 15, 2023. The allotment for Auro Impex & Chemicals IPO was finalized on Thursday, May 18, 2023. The shares got listed on NSE SME on May 23, 2023.
Auro Impex & Chemicals IPO price band is set at ₹74 to ₹78 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹124,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹249,600.
Affinity Global Capital Market Private Limited is the book running lead manager of the Auro Impex & Chemicals IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Auro Impex & Chemicals IPO is Rikhav Securities.
Refer to Auro Impex & Chemicals IPO RHP for detailed information.
| IPO Date | May 11, 2023 to May 15, 2023 |
| Listing Date | May 23, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹74 to ₹78 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,470,400 shares (aggregating up to ₹27.07 Cr) |
| Fresh Issue | 2,920,000 shares (aggregating up to ₹22.78 Cr) |
| Offer for Sale | 550,400 shares of ₹10 (aggregating up to ₹4.29 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,280,800 |
| Share holding post issue | 12,200,800 |
| Market Maker portion | 174,400 shares Rikhav Securities |
Auro Impex & Chemicals IPO offers 3,644,800 shares. 347,040 (9.52%) to QIB, 1,179,242 (32.35%) to NII, 1,944,118 (53.34%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 174,400 (4.78%) |
| QIB Shares Offered | 347,040 (9.52%) |
| NII (HNI) Shares Offered | 1,179,242 (32.35%) |
| Retail Shares Offered | 1,944,118 (53.34%) |
| Total Shares Offered | 3,644,800 (100%) |
Auro Impex & Chemicals IPO opens on May 11, 2023, and closes on May 15, 2023.
| IPO Open Date | Thursday, May 11, 2023 |
| IPO Close Date | Monday, May 15, 2023 |
| Basis of Allotment | Thursday, May 18, 2023 |
| Initiation of Refunds | Friday, May 19, 2023 |
| Credit of Shares to Demat | Monday, May 22, 2023 |
| Listing Date | Tuesday, May 23, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 15, 2023 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
| HNI (Min) | 2 | 3,200 | ₹249,600 |
| Lot Size Calculator | |||
Mr. Madhusudan Goenka and Mr. Praveen Kumar Goenka are the company promoters.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
Incorporated in 1994, Auro Impex & Chemicals Limited is an Auro Group Company.
Auro Impex & Chemicals is engaged in manufacturing, exporting, and supply of Discharge & Collecting Electrodes, and Electrostatic Precipitator (ESP) internal parts and spares.
The company manufactures Collecting Electrodes of all profiles, Discharge Electrodes, Electromagnetic rapper, Tank Fabrication and Duct Fabrication, and other ESP Internal spare parts, for Original Equipment manufacturers (OEMs) and service providers ranging from sourcing of components, designing, manufacturing, quality testing as per the specifications provided by OEMs and service providers.
Auro Impex & Chemicals has been selling its products through renowned OEMs and Service Providers such as Thermax Limited, Larsen & Toubro Limited, KC Cottrell India Private Limited, Isgec Heavy Engineering Limited, Hariaksh Industries Private Limited, Par Techno-Heat Pvt Ltd, Filter Flow Engineering Private Limited, Imeco Overseas Private Limited and other Brand owners.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,841.42 | 3,760.98 | 27.01 | 322.62 | ||
| 31-Mar-21 | 3,360.59 | 7,372.70 | 90.54 | 413.16 | ||
| 31-Mar-22 | 6,219.56 | 15,184.93 | 230.03 | 1,155.04 | 1,077.70 | 3,679.97 |
| 31-Mar-23 | 8,228.09 | 23,296.54 | 599.92 | 1,754.96 | 826.88 | 4,875.92 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Auro Impex & Chemicals IPO is Rs 95.17 Cr.
| KPI | Values |
|---|---|
| Debt/Equity | 2.77 |
| RoNW | 19.92% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6 | |
| P/E (x) | 12.07 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] After the average performance for FY21 and FY22 (standalone basis), it marked miraculous profits for FY23 on a standalone and consolidated basis. This not only raises eyebrows, but concerns over the sustainability going forward. One more surprise is the hike in the issue size in just a few days as can be seen from RHP dated 01.05.23 and 06.05.23. Considering this, the issue lacks transparency and is aggressively priced discounting all near-term positives. There is no harm in skipping this pricey IPO. Read detail review...
The Auro Impex & Chemicals IPO is subscribed 66.94 times on May 15, 2023 7:29:00 PM. The public issue subscribed 50.72 times in the retail category, 31.67 times in the QIB category, and 104.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 31.67 |
| NII | 104.05 |
| Retail | 50.72 |
| Total | 66.94 |
Total Application : 61,632 (50.73 times)
| Listing Date | May 23, 2023 |
| BSE Script Code | |
| NSE Symbol | AUROIMPEX |
| ISIN | INE0NUL01018 |
| Final Issue Price | ₹78 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹78.00 |
| ₹78.00 |
| ₹74.20 |
| ₹78.50 |
| ₹75.70 |
Auro Impex & Chemicals Limited
32 K.L. Saigal Sarani,
740A, Block- P,
New Alipore, Kolkata- 700053
Phone: +91 8240927251
Email: investor@auroimpex.com
Website: https://auroimpex.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
SME Company Owners
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Auro Impex & Chemicals IPO is a SME IPO of 3,470,400 equity shares of the face value of ₹10 aggregating up to ₹27.07 Crores. The issue is priced at ₹74 to ₹78 per share. The minimum order quantity is 1600 Shares.
The IPO opens on May 11, 2023, and closes on May 15, 2023.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Auro Impex & Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Auro Impex & Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Auro Impex & Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Auro Impex & Chemicals IPO opens on May 11, 2023 and closes on May 15, 2023.
Auro Impex & Chemicals IPO lot size is 1600 Shares, and the minimum amount required is ₹124,800.
You can apply in Auro Impex & Chemicals 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 Auro Impex & Chemicals IPO will be done on Thursday, May 18, 2023, and the allotted shares will be credited to your demat account by Monday, May 22, 2023. Check the Auro Impex & Chemicals IPO allotment status.
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