Aartech Solonics Limited IPO (Aartech Solonics IPO) Detail

Mar 12, 2019 - Mar 18, 2019

Incorporated in 1982, Gwalior, Madhya Pradesh based Aartech Solonics Limited is a system solution oriented R&D enterprise in the field of specialized and selected energy appliances. It is involved in the manufacturing of electricity distribution & control apparatus [electrical apparatus for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.

Some of the company's popular products and services include-

1. BTS - 2000.
2. Kranking Ultra Capacitors.
3. Control Rely Panels.
4. Load Checkers.

The company also provide solutions and services for products of other companies like-

1. GSUN Innovations
2. Bestcase Enclosures

The company's client base includes businesses from various industries like Defense, Railways, Power Generation, Heavy Earth Moving Equipments and Oil & Gas etc.

Aartech's Innovations Lab is a 1000 sqft facility with all modern amenities required for laboratory operations. In November 2013, it was recognized by the Department of Science and Technology for its contribution in the field for R&D activities.

The company has 55 full-time employees excluding 10 contract employees.

Company Promoters:

The promoters of the company are Anil Anant Raje and Chhaya Raje.

Company Financials:

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	30-Sep-18	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	1,941.52	1,938.08	1,945.78	1,872.11	1,922.00	1,804.34
Total Revenue	416.69	1,208.50	1,342.05	1,025.84	994.35	953.79
Profit After Tax	60.09	117.58	30.09	22.81	112.62	(70.41)

Objects of the Issue:

The objects of the Issue are:

1. Investment in the wholly owned subsidiary company - "M/S AIC Aartech Solonics Private Limited"- Rs 200 lakhs
2. Investment in the wholly owned subsidiary company - " M/S Faradigm Ultracapacitors Private Limited";- Rs 250 lakhs
3. For General Corporate Expenses including Capital Expenditure & Research and Development Expenses- Rs 120 lakhs
4. Working Capital Requirement;- Rs 100 lakhs
5. Meeting Public Issue Expenses- Rs 50 lakhs

Aartech Solonics IPO Details

Issue Open	Mar 12, 2019 - Mar 18, 2019
Issue Type	Fixed Price Issue IPO
Issue Size	2,120,000 Eq Shares of Rs 10 (aggregating up to Rs 7.21 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 34 Per Equity Share
Market Lot	4000 Shares
Min Order Quantity	4000 Shares
Listing At	BSE SME

Aartech Solonics IPO Tentative Date / Timetable

Bid/Offer Opens On	Mar 12, 2019
Bid/Offer Closes On	Mar 18, 2019
Finalisation of Basis of Allotment	Mar 22, 2019
Initiation of Refunds	Mar 25, 2019
Credit of Shares to Demat Acct:	Mar 25, 2019
IPO Shares Listing Date:	Mar 28, 2019

Aartech Solonics IPO Promoter Holding

Pre Issue Share Holding	74.85%
Post Issue Share Holding	52.38%

Aartech Solonics IPO Subscription Status (Bidding Detail)

Aartech Solonics IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	1,004,000	1,004,000	2,008,000
Mar 18, 2019 18:50	2.35x	1.64x	2.00x

Aartech Solonics IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Aartech Solonics IPO Rating

3.3

Rating:

Vote Here ...

Aartech Solonics IPO Listing Date

Listing Date	Wednesday, March 27, 2019
BSE Script Code	542580
NSE Symbol
Listing In	MT
ISIN	INE01C001018
Issue Price	Rs 34 Per Equity Share
Face Value	Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

BSE SME
Rs 34.00
Rs 33.95
Rs 33.95
Rs 34.90
Rs 34.60
312,000

Aartech Solonics IPO Reviews / Ratings

Dilip Davda - Avoid

Company Contact Information

Aartech Solonics Limited
E-2/57,
Ashirvad Arera Colony
Bhopal MP- 462016

Phone: +91 - 755 -2463593
Email: compliance@aartechsolonics.com
Website: http://www.aartechsolonics.com/

Aartech Solonics 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

Aartech Solonics IPO Lead Manager(s)

Swastika Investmart Ltd

Lead Manager Reports

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Useful Articles

Aartech Solonics IPO Review / Comments

8. Small Investor Mar 12, 2019 15:47

IPO Mentor (800+ Posts, 300+ Likes)

lgta nhi iss Company ko 7cr mil jayenge ?
Co.k own and Shareholders m kuch to locha h

7. Devenblt Mar 11, 2019 15:51

Admin sir
Please change ipo timetable

Listing date is show march 8
Offer come on 12 th march

Please update

6. Small Investor Feb 21, 2019 16:33

IPO Mentor (800+ Posts, 300+ Likes)

We regret that the IPO of our company Aartech Solonics Ltd on BSE SME Exchange is postponed due to various last minute developments. Thanks for all your good wishes and the interest some of you have shown in becoming a part of the Aartech Family. We apologize for the inconvenience caused. We will keep you posted on further updates in this regard.

On behalf of Aartech Management.

Amit Raje
Director.

5. RAJAKUMAR Feb 16, 2019 14:09

1 |

IPO Guru (1100+ Posts, 700+ Likes)

Dear Small
We can use Mindpoot refund for this ipo. Lets wait how it subscribes and we decide it.

5.1. Jai D. Patel Feb 16, 2019 15:56

may not be possible..

5.2. Jai D. Patel Feb 19, 2019 16:24

refund may be after 27th and listing may be on 28th or 1st

4. Arati Feb 18, 2019 11:27

1 |

Dear Shivani
Thanks for taking interest in our organization.
My only advise would be that if you are looking to invest in a technology company with a minimum 2 year horizon with good returns as compared to the market returns as of today, you can invest.
Thanks,

4.1. shivani Feb 18, 2019 15:46

thnx a lots

4.2. Dinesh Singh Feb 19, 2019 11:15

Top Contributor (200+ Posts)

@Arati

Why you are putting a condition for investing a minimum period of 2 yeas?

Are you want to say that there is no guarantee of listing gain.

In SME IPO mostely people apply for listing gain only.

No one wants to invest for long period.

Please comment.

3. Arati Feb 16, 2019 12:07

3 |

Thanks Sir for identifying that we are a zero debt/cash rich company.

3.1. shivani Feb 18, 2019 10:36

dear mam,
should i apply or not
frankly

2. RAJAKUMAR Feb 16, 2019 13:52

IPO Guru (1100+ Posts, 700+ Likes)

Dear Small Investor
Eps is 1.47 (Consolidated on 2017-18) So pe is 23.3. It is much higher than its
peer group.Star Delta and Transformes and Rectifiers. They are trading at 11 and 1.8 pe.

1. M B Raghupathy Feb 15, 2019 12:45

2 |

This company want to spend more than 60% of the issue proceeds on its wholly owned subsidiary companies... What's the logic...?

Load more comments (1 replies)

9.2. Team Chittorgarh.com Feb 16, 2019 08:41

2 |

Dear Arati Ma'am,

Thank you for your official response. We appreciate it.

Team Chittorgarh.com

Thank you,

Chittorgarh.com Admins

Common Sense Public Forum Rules

Do not post irrelevant messages or advertisements.
Treat other members with the respect. Avoid insult or personal attacks.
Do not post your personal information i.e phone number or email address.

9.3. Small Investor Feb 16, 2019 11:44

2 |

IPO Mentor (800+ Posts, 300+ Likes)

There are no any Borrowings,I think this is Good Company for applying
Must Apply
Good LM

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