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

IPO DateAug 20, 2018 - Aug 24, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,257,000 Eq Shares of ₹10
(aggregating up to ₹4.78 Cr)
Face Value₹10 Per Equity Share
IPO Price₹38 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME

Aaron Industries IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹114,000
Maximum13000₹114,000

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

Aaron Industries IPO Rating

62
4.0
Rating:Rated 4.0 stars

Vote Here ...

Aaron Industries IPO Listing Date

Listing DateMonday, September 3, 2018
BSE Script Code
NSE SymbolAARON
Listing In
ISININE721Z01010
IPO Price₹38 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹38.00
Open:₹36.10
Low:₹36.10
High:₹39.60
Last Trade:₹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
Email: info1@aaronindustries.net
Website: http://www.aaronindustries.net/

Aaron Industries IPO Registrar

Bigshare Services Pvt Ltd
   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 FAQs

  1. 1. What is Aaron Industries IPO?

    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 price of the IPO is ₹38 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Aug 20, 2018 and closes on Aug 24, 2018.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

  2. 2. When Aaron Industries IPO will open?

    The Aaron Industries IPO opens on Aug 20, 2018 and closes on Aug 24, 2018.

  3. 3. How to apply for Aaron Industries IPO?

    Aaron Industries IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Aaron Industries IPO allotment?

    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.

  5. 5. When is Aaron Industries IPO listing date?

    The Aaron Industries IPO listing date is on Monday, September 3, 2018, at NSE SME.
  6. 6. What is the lot size of Aaron Industries IPO?

    Aaron Industries IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

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Aaron Industries IPO Review / Comments

GrowYourMoney
20. GrowYourMoney  Sep 5, 2018 00:16
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Finally got chance to get exit above issue Price
VIE
19. VIE  Sep 3, 2018 22:31
IPO Mentor 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.
VIE
18. VIE  Sep 3, 2018 10:28
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Open at 36.10 down about little less than 5 percent.
Small Investor
18.1. Small Investor  Sep 3, 2018 15:35
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
above 39
VIE
18.2. VIE  Sep 3, 2018 16:00
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
close in positive territory is good sign.at least retailers money was save.
VIE
17. VIE  Aug 31, 2018 22:59
IPO Mentor 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.
VIE
16. VIE  Aug 30, 2018 13:38
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Allotment out
http://www.bigshareonline.com/BSSIPOApplicationStatus.aspx
Best of luck to all allotee
SMELOVER
16.4. SMELOVER  Aug 30, 2018 14:57
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.

VIE
16.5. VIE  Aug 30, 2018 21:21
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ small investor
congrats
upar wale ne lift kara diya
Sharesme
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
Small Investor
15.1. Small Investor  Aug 29, 2018 13:36
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
bhai dra mt yar PTL m 15000 Niche aa gya hu
SMELOVER
15.2. SMELOVER  Aug 30, 2018 10:52
small investor

why are you applying in every sme without looking at fundamental
VIE
14. VIE  Aug 29, 2018 21:02
IPO Mentor 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......
Small Investor
13. Small Investor  Aug 25, 2018 10:50
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Listing gain may be 8000-10000 in this stock,this is another SVL,BSHSL
VIE
12. VIE  Aug 24, 2018 20:49
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
final Sub. data
NII-.3.26
RII-2.65
TOTAL-2.84
VIE
11. VIE  Aug 24, 2018 12:13
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
NII-1.53
RII-1.28
TOTAL-1.37
Finally sailed though.
Abhishek Shahi
10. Abhishek Shahi  Aug 23, 2018 15:15
almost suscribed ..
Johny
10.1. Johny  Aug 23, 2018 17:29
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Nowadays it is like -
Almost Managed.
Almost Sailed.
...
Ashok S chaudhary
9. Ashok S chaudhary  Aug 22, 2018 23:08
hi
Abhishek Shahi
8. Abhishek Shahi  Aug 21, 2018 17:34
QIB applied 45000 shares ...
Johny
8.1. Johny  Aug 22, 2018 10:53
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
"Others" in QIB are not reliable.
Abhishek Shahi
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
RANATOSH MAITI
6. RANATOSH MAITI  Aug 21, 2018 02:24
kayse a share buy karna ha???????
IPOANALYSIS
5. IPOANALYSIS  Aug 19, 2018 13:57
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
VIE
4. VIE  Aug 17, 2018 22:29
IPO Mentor 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
IPOANALYSIS
3. IPOANALYSIS  Aug 16, 2018 22:26
Huge negative working capital
Investor guide
2. Investor guide  Aug 14, 2018 18:54
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.
IPOANALYSIS
1. IPOANALYSIS  Aug 14, 2018 17:36
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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