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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 OpenMar 12, 2019 - Mar 18, 2019
Issue TypeFixed Price Issue IPO
Issue Size2,120,000 Eq Shares of ₹10
(aggregating up to ₹7.21 Cr)
Face Value₹10 Per Equity Share
Issue Price₹34 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtBSE SME

Aartech Solonics IPO Tentative Date / Timetable

Bid/Offer Opens OnMar 12, 2019
Bid/Offer Closes OnMar 18, 2019
Finalisation of Basis of AllotmentMar 22, 2019
Initiation of RefundsMar 25, 2019
Credit of Shares to Demat AcctMar 25, 2019
IPO Shares Listing DateMar 28, 2019

Aartech Solonics IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹136,000
Maximum14000₹136,000

Aartech Solonics IPO Promoter Holding

Pre Issue Share Holding74.85%
Post Issue Share Holding52.38%

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

Aartech Solonics IPO Rating

57
3.3
Rating:Rated 3.3 stars

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Aartech Solonics IPO Listing Date

Listing DateWednesday, March 27, 2019
BSE Script Code542580
NSE Symbol
Listing InMT
ISININE01C001018
Issue Price₹34 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE SME
₹34.00
₹33.95
₹33.95
₹34.90
₹34.60
312,000

Aartech Solonics IPO Reviews / Ratings

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 FAQs

  1. 1. What is Aartech Solonics IPO?

    Aartech Solonics IPO is an SME initial public offering of 2,120,000 equity shares of the face value of ₹10 aggregating up to ₹7.21 Crores.

    The issue price of the IPO is ₹34 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Aartech Solonics IPO will open?

    The Aartech Solonics IPO opens on Mar 12, 2019 and closes on Mar 18, 2019.

  3. 3. How to apply for Aartech Solonics IPO?

    Aartech Solonics 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 Aartech Solonics IPO allotment?

    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.

  5. 5. When is Aartech Solonics IPO listing date?

    The Aartech Solonics IPO listing date is on Wednesday, March 27, 2019, at BSE SME.

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Aartech Solonics IPO Review / Comments

Small Investor
8. Small Investor  Mar 12, 2019 15:47 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
lgta nhi iss Company ko 7cr mil jayenge ?
Co.k own and Shareholders m kuch to locha h
Devenblt
7. Devenblt  Mar 11, 2019 15:51 I Like It. | Report Abuse
Admin sir
Please change ipo timetable

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

Please update
Small Investor
6. Small Investor  Feb 21, 2019 16:33 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ 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.
RAJAKUMAR
5. RAJAKUMAR  Feb 16, 2019 14:09 I Like It. 1 | Report Abuse
IPO Guru 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.
Jai D. Patel
5.1. Jai D. Patel  Feb 16, 2019 15:56 I Like It. | Report Abuse
may not be possible..
Jai D. Patel
5.2. Jai D. Patel  Feb 19, 2019 16:24 I Like It. | Report Abuse
refund may be after 27th and listing may be on 28th or 1st
Arati
4. Arati  Feb 18, 2019 11:27 I Like It. 1 | Report Abuse
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,
shivani
4.1. shivani  Feb 18, 2019 15:46 I Like It. | Report Abuse
thnx a lots
Dinesh Singh
4.2. Dinesh Singh  Feb 19, 2019 11:15 I Like It. | Report Abuse
Top Contributor 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.
Arati
3. Arati  Feb 16, 2019 12:07 I Like It. 3 | Report Abuse
Thanks Sir for identifying that we are a zero debt/cash rich company.
shivani
3.1. shivani  Feb 18, 2019 10:36 I Like It. | Report Abuse
dear mam,
should i apply or not
frankly
RAJAKUMAR
2. RAJAKUMAR  Feb 16, 2019 13:52 I Like It. | Report Abuse
IPO Guru 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.
M B Raghupathy
1. M B Raghupathy  Feb 15, 2019 12:45 I Like It. 2 | Report Abuse
This company want to spend more than 60% of the issue proceeds on its wholly owned subsidiary companies... What's the logic...?
Team Chittorgarh.com
9.2. Team Chittorgarh.com  Feb 16, 2019 08:41 I Like It. 2 | Report Abuse
Dear Arati Ma'am,

Thank you for your official response. We appreciate it.

Team Chittorgarh.com

Thank you,

Chittorgarh.comĀ Admins

Small Investor
9.3. Small Investor  Feb 16, 2019 11:44 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
There are no any Borrowings,I think this is Good Company for applying
Must Apply
Good LM



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