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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
| Aaron Industries IPO Date | Aug 20, 2018 to Aug 24, 2018 |
| Aaron Industries IPO Face Value | ₹10 per share |
| Aaron Industries IPO Price | ₹38 per share |
| Aaron Industries IPO Lot Size | 3000 Shares |
| Issue Size | 1,257,000 shares of ₹10 (aggregating up to ₹4.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | The Promoters of the Company are:- |
The Aaron Industries IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
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 Aug 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) |
|---|---|
| NII | 3.26 |
| Retail | 2.65 |
| Total | 2.99 |
| Listing Date | Monday, September 3, 2018 |
| BSE Script Code | |
| NSE Symbol | AARON |
| Listing In | |
| ISIN | INE721Z01010 |
| IPO Price | ₹38 per share |
| Face Value | ₹10 per share |
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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: http://www.bigshareonline.com
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 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.
The Aaron Industries IPO opens on Aug 20, 2018 and closes on Aug 24, 2018.
Aaron Industries IPO lot size is 3000 Shares and the minimum order quantity is .
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, Edelweiss, 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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