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 Open	Aug 20, 2018 - Aug 24, 2018
Issue Type	Fixed Price Issue IPO
Issue Size	1,257,000 Eq Shares of Rs 10 (aggregating up to Rs 4.78 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 38 Per Equity Share
Market Lot	3000 Shares
Min Order Quantity	3000 Shares
Listing At	NSE SME

Aaron Industries IPO Subscription Status (Bidding Detail)

Aaron Industries IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	597,000	597,000	1,194,000
Aug 24, 2018 18:25	3.26x	2.65x	2.99x

Aaron Industries IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Aaron Industries IPO Rating

4.0

Rating:

Vote Here ...

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

Dilip Davda - Avoid

Company Contact Information

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/

Aaron Industries IPO Registrar

Bigshare Services Pvt Ltd   »  Report
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Aaron Industries IPO Lead Manager(s)

Gretex Corporate Services Pvt Ltd » Report

Lead Manager Reports

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Find Aaron Industries IPO Latest Update

Useful Articles

Aaron Industries IPO Review / Comments

20. GrowYourMoney Sep 5, 2018 00:16

Finally got chance to get exit above issue Price

19. VIE Sep 3, 2018 22:31

1 |

IPO Mentor (500+ 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.

18. VIE Sep 3, 2018 10:28

2 |

IPO Mentor (500+ Posts, 500+ Likes)

Open at 36.10 down about little less than 5 percent.

18.1. Small Investor Sep 3, 2018 15:35

1 |

IPO Mentor (600+ Posts, 200+ Likes)

above 39

18.2. VIE Sep 3, 2018 16:00

1 |

IPO Mentor (500+ Posts, 500+ Likes)

close in positive territory is good sign.at least retailers money was save.

17. VIE Aug 31, 2018 22:59

2 |

IPO Mentor (500+ Posts, 500+ Likes)

COMPANY WILL LIST ON 03.09.2018 .
BEST OF LUCK TO ALL ALLOTEE.
ITS BETTER TO EXIT ON LISTING.

16. VIE Aug 30, 2018 13:38

2 |

IPO Mentor (500+ Posts, 500+ Likes)

Allotment out
http://www.bigshareonline.com/BSSIPOApplicationStatus.aspx
Best of luck to all allotee

Load more comments (3 replies)

16.4. SMELOVER Aug 30, 2018 14:57

1 |

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.

16.5. VIE Aug 30, 2018 21:21

3 |

IPO Mentor (500+ Posts, 500+ Likes)

@ small investor
congrats
upar wale ne lift kara diya

15. Sharesme Aug 28, 2018 18:40

Huge discount expect. Listing will be 10 to 15 pc. Discount. Those who applied will get heavy loss

15.1. Small Investor Aug 29, 2018 13:36

1 |

IPO Mentor (600+ Posts, 200+ Likes)

bhai dra mt yar PTL m 15000 Niche aa gya hu

15.2. SMELOVER Aug 30, 2018 10:52

small investor

why are you applying in every sme without looking at fundamental

14. VIE Aug 29, 2018 21:02

4 |

IPO Mentor (500+ 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......

13. Small Investor Aug 25, 2018 10:50

IPO Mentor (600+ Posts, 200+ Likes)

Listing gain may be 8000-10000 in this stock,this is another SVL,BSHSL

12. VIE Aug 24, 2018 20:49

2 |

IPO Mentor (500+ Posts, 500+ Likes)

final Sub. data
NII-.3.26
RII-2.65
TOTAL-2.84

11. VIE Aug 24, 2018 12:13

2 |

IPO Mentor (500+ Posts, 500+ Likes)

NII-1.53
RII-1.28
TOTAL-1.37
Finally sailed though.

10. Abhishek Shahi Aug 23, 2018 15:15

almost suscribed ..

10.1. Johny Aug 23, 2018 17:29

1 |

Top Contributor (200+ Posts, 200+ Likes)

Nowadays it is like -
Almost Managed.
Almost Sailed.
...

9. Ashok S chaudhary Aug 22, 2018 23:08

8. Abhishek Shahi Aug 21, 2018 17:34

QIB applied 45000 shares ...

8.1. Johny Aug 22, 2018 10:53

2 |

Top Contributor (200+ Posts, 200+ Likes)

"Others" in QIB are not reliable.

7. Abhishek Shahi Aug 21, 2018 17:34

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

6. RANATOSH MAITI Aug 21, 2018 02:24

kayse a share buy karna ha???????

5. IPOANALYSIS Aug 19, 2018 13:57

1 |

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

4. VIE Aug 17, 2018 22:29

5 |

IPO Mentor (500+ 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

3. IPOANALYSIS Aug 16, 2018 22:26

1 |

Huge negative working capital

2. Investor guide Aug 14, 2018 18:54

9 |

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.

1. IPOANALYSIS Aug 14, 2018 17:36

6 |

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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