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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.
| IPO Date | Mar 12, 2019 to Mar 18, 2019 |
| Listing Date | Mar 27, 2019 |
| Face Value | ₹10 per share |
| Price | ₹34 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,120,000 shares (aggregating up to ₹7.21 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Other Shares Offered | 1,004,000 (50.00%) |
| Retail Shares Offered | 1,004,000 (50.00%) |
| Market Maker portion | 112,000 shares |
| Total Shares Offered | 2,008,000 |
Aartech Solonics IPO opens on Mar 12, 2019, and closes on Mar 18, 2019.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 12, 2019 |
| Closing Date | Mar 18, 2019 |
| Basis of Allotment | Mar 22, 2019 |
| Initiation of Refunds | Mar 25, 2019 |
| Credit of Shares to Demat | Mar 25, 2019 |
| Listing Date | Mar 28, 2019 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Aartech Solonics IPO lot size is 4000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹136,000 |
| Retail (Max) | 1 | 4000 | ₹136,000 |
| Lot Size Calculator | |||
The promoters of the company are Anil Anant Raje and Chhaya Raje.
| Pre Issue Share Holding | 74.85% |
| Post Issue Share Holding | 52.38% |
| 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) |
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
[Dilip Davda]
On the basis of consolidated earnings, issue is priced aggressively and on the basis of standalone basis it appears highly priced. Sudden jump in bottom lines for last one and half year before the IPO raises concern. There is no harm in giving this issue a miss.
Read detail review...The Aartech Solonics IPO is subscribed 2.00 times on Mar 18, 2019 6:50:02 PM. The public issue subscribed 1.64 times in the retail category, times in the QIB category, and 2.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.35 |
| Retail | 1.64 |
| Total | 2.00 |
| Listing Date | Mar 27, 2019 |
| BSE Script Code | 542580 |
| NSE Symbol | |
| ISIN | INE01C001018 |
| Final Issue Price | ₹34 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹34.00 |
| ₹33.95 |
| ₹33.95 |
| ₹34.90 |
| ₹34.60 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Aartech Solonics IPO is a SME IPO of 2,120,000 equity shares of the face value of ₹10 aggregating up to ₹7.21 Crores. The issue is priced at ₹34 per share. The minimum order quantity is 4000 Shares.
The IPO opens on Mar 12, 2019, and closes on Mar 18, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Aartech Solonics IPO opens on Mar 12, 2019 and closes on Mar 18, 2019.
Aartech Solonics IPO lot size is 4000 Shares and the minimum order quantity is .
You can apply in Aartech Solonics 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Aartech Solonics IPO will be done on Mar 22, 2019, and the allotted shares will be credited to your demat account by Mar 25, 2019. Check the Aartech Solonics IPO allotment status.
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