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Aaron Industries Limited IPO (Aaron Industries IPO) Detail

Aug 20, 2018 - Aug 24, 2018

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%.

Company Promoters:

The Promoters of the Company are:-
1. Mr. Amar Chinubhai Doshi
2. Mr. Karan Amar Doshi
3. Mr. Monish Amarbhai Doshi
4. Ms. Radhika Amar Doshi
5. Ms. Toral Karan Doshi
6. Ms. Bhoomi Monish Doshi

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

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

Aaron Industries IPO Details
Issue OpenAug 20, 2018 - Aug 24, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,257,000 Eq Shares of Rs 10
(aggregating up to Rs 4.78 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 38 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME

Aaron Industries IPO Prospectus

Aaron Industries IPO Rating

62
4.0
Rating:Rated 4.0 stars

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Aaron Industries IPO Listing Date

  •   ›  Listing Date: Monday, September 3, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: AARON
  •   ›  Listing In:
  •   ›  ISIN: INE721Z01010
  •   ›  Issue Price: Rs 38 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 38.00
Open:Rs 36.10
Low:Rs 36.10
High:Rs 39.60
Last Trade:Rs 38.70
Volume:297,000

Aaron Industries IPO Reviews / Ratings

Company Contact Information

Aaron Industries Limited
B-65 & 66,
Jawahar Road No. 4, Udhyog Nagar
Udhana, Surat-394210, Gujarat
Phone: +91-02612278410
Fax:
Email: info1@aaronindustries.net
Website: http://www.aaronindustries.net/

Aaron Industries IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

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Aaron Industries IPO Review / Comments

avatar
20. GrowYourMoney  Sep 5, 2018 00:16 I Like It. | Report Abuse Reply
Finally got chance to get exit above issue Price
avatar
19. VIE  Sep 3, 2018 22:31 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
BULK DEAL TODAY
Aaron Industries Limited       RUPAL SANDIPBHAI DOSHI       BUY       54,000       38.28
Aaron Industries Limited       SABIRKHAN BASIRKHAN PATHAN       BUY       42,000       37.80

PROMOTERS ARE ALSO DOSHI AS BELOW
Mr. Amar Chinubhai Doshi, Mr. Karan Amar Doshi, Mr. Monish Amar Doshi, Ms. Radhika Amar Doshi, Ms. Toral Karan Doshi and Ms. Bhoomi Monish Doshi.
WHAT A CO INCIDENCE.
avatar
18. VIE  Sep 3, 2018 10:28 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Open at 36.10 down about little less than 5 percent.
avatar
18.1. Small Investor  Sep 3, 2018 15:35 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
above 39
avatar
18.2. VIE  Sep 3, 2018 16:00 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
close in positive territory is good sign.at least retailers money was save.
avatar
17. VIE  Aug 31, 2018 22:59 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
COMPANY WILL LIST ON 03.09.2018 .
BEST OF LUCK TO ALL ALLOTEE.
ITS BETTER TO EXIT ON LISTING.
avatar
16. VIE  Aug 30, 2018 13:38 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Allotment out
http://www.bigshareonline.com/BSSIPOApplicationStatus.aspx
Best of luck to all allotee
avatar
16.4. SMELOVER  Aug 30, 2018 14:57 I Like It. 1 | Report Abuse
Happy for your Small investor.

Atleast ismein toh save hogaye.

Dont apply in new ipo.

Yeh government roz ek naya sme la kar rakh deti hai. Isse achi toh previous govt. thi atleast had fewer SME listed during their time

Itne saare Sme laoge toh yahi haal hoga.
pehle jo listed hai unka toh khyal karo.
kya sirf company ki jeb mein paise de rahe ho

retailer kya sirf itna huge loss jhelne ke liye banna hai

never seen why also even fewer applciation arer also coming in new IPO . they might be one who are new bakras and dont know fate of recent listed ones.

Cant Govt. come up with new mutual funds for SME to safeguard retail investment
Also Govt shuld put a buyback option for SME where if SME falls down too mcuh Lead manager would buyback at specific rate in 6 months

Till no action dont apply any new ones.

avatar
16.5. VIE  Aug 30, 2018 21:21 I Like It. 3 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
@ small investor
congrats
upar wale ne lift kara diya
avatar
15. Sharesme  Aug 28, 2018 18:40 I Like It. | Report Abuse Reply
Huge discount expect. Listing will be 10 to 15 pc. Discount. Those who applied will get heavy loss
avatar
15.1. Small Investor  Aug 29, 2018 13:36 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
bhai dra mt yar PTL m 15000 Niche aa gya hu
avatar
15.2. SMELOVER  Aug 30, 2018 10:52 I Like It. | Report Abuse
small investor

why are you applying in every sme without looking at fundamental
avatar
14. VIE  Aug 29, 2018 21:02 I Like It. 4 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
@ Small Investor
TOMORROW ALLOTMENT WILL BE OUT FOR AARON AND IT WILL LIST ON 3 SEP.
TILL THAT TIME ALL APPLICANT WILL SING THIS SONG.

तेरी ऊंची शान है मौला, हमारी अर्जी मान ले मौला
तू है सब कुछ जानने वाला, हम है तेरे मानने वाला
AARON भी तो लिफ्ट करा दे, थोड़ी सी तो लिफ्ट करा दे...............
😜😜😜
BEST OF LUCK FOR ALL APPLICANT......
avatar
13. Small Investor  Aug 25, 2018 10:50 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Listing gain may be 8000-10000 in this stock,this is another SVL,BSHSL
avatar
12. VIE  Aug 24, 2018 20:49 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
final Sub. data
NII-.3.26
RII-2.65
TOTAL-2.84
avatar
11. VIE  Aug 24, 2018 12:13 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
NII-1.53
RII-1.28
TOTAL-1.37
Finally sailed though.
avatar
10. Abhishek Shahi  Aug 23, 2018 15:15 I Like It. | Report Abuse Reply
almost suscribed ..
avatar
10.1. Johny  Aug 23, 2018 17:29 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Nowadays it is like -
Almost Managed.
Almost Sailed.
...
avatar
9. Ashok S chaudhary  Aug 22, 2018 23:08 I Like It. | Report Abuse Reply
hi
avatar
8. Abhishek Shahi  Aug 21, 2018 17:34 I Like It. | Report Abuse Reply
QIB applied 45000 shares ...
avatar
8.1. Johny  Aug 22, 2018 10:53 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
"Others" in QIB are not reliable.
avatar
7. Abhishek Shahi  Aug 21, 2018 17:34 I Like It. | Report Abuse Reply
Bid Details for AARON as on 21-Aug-2018 17:00:00 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      45,000
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      45,000
2      Non Institutional Investors      2,43,000
2(a)      Corporates      63,000
2(b)      Individuals(Other than RIIs)      1,38,000
2(c)      others      42,000
3      Retail Individual Investors(RIIs)      1,56,000
3(a)      Cut Off      0
3(b)      Price bids      1,56,000
Total      4,44,000
avatar
6. RANATOSH MAITI  Aug 21, 2018 02:24 I Like It. | Report Abuse Reply
kayse a share buy karna ha???????
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5. IPOANALYSIS  Aug 19, 2018 13:57 I Like It. 1 | Report Abuse Reply
Clearly avoid
There profit is all wrong and cannot be justified at all otherwise just think how there is no cash flow and cash in hand. Cash flow is only 5000 rs. Lol
Its actual.profit is only 4 lakh per year and will remain so which is not even 40000 rs per month. Gretex issues are very risky don't take risk otherwise ur money can be halved in such companies
avatar
4. VIE  Aug 17, 2018 22:29 I Like It. 5 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
VALUATION OF THE COMPANY IS AS BELOW:-
Particulars=========Post issue=====Pre Issue
EPS===================2.24=====3.04
NAV==================17.43=====10.10
RONW================12.84=====30.05
DE====================0.40=====0.94
EBIDTA MARGIN=========14.39=====14.39
PAT MARGIN=============9.08=====9.08
PE=====================16.96=====12.50
P/BV      ====================2.18=====3.76
MC/SALES===============1.54=====1.14
EV/EBITA=================13x=====10x
avatar
3. IPOANALYSIS  Aug 16, 2018 22:26 I Like It. 1 | Report Abuse Reply
Huge negative working capital
avatar
2. Investor guide  Aug 14, 2018 18:54 I Like It. 9 | Report Abuse Reply
The Company has also hugely increased investment in plant and machinery in last 2 years which could justify its profit. If Company is genuine, then i see a very bright future.
avatar
1. IPOANALYSIS  Aug 14, 2018 17:36 I Like It. 7 | Report Abuse Reply
Wah ji wah. Company had profit of only 4 lakh per year for 4 consecutive years.that is the amount even clerk earns. Now suddenly the profit increased to 1 crore to justify issue price. Clear manipulation by company to raise money. Simply avoid to teach such lead manager who come up with fraud issues
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