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.

Aartech Solonics IPO Details

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 Size2,120,000 shares
(aggregating up to ₹7.21 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Aartech Solonics IPO Reservation

Other Shares Offered1,004,000 (50.00%)
Retail Shares Offered1,004,000 (50.00%)
Market Maker portion112,000 shares
Total Shares Offered2,008,000

Aartech Solonics IPO Tentative Timetable

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

Aartech Solonics IPO Lot Size

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

Aartech Solonics IPO Promoter Holding

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

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

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 Review (Avoid)

[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...

Aartech Solonics IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Aartech Solonics IPO Prospectus

Aartech Solonics IPO Rating

Rating:Rated 3.3 stars
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Aartech Solonics IPO Listing Details

Listing Date Mar 27, 2019
BSE Script Code 542580
NSE Symbol
ISIN INE01C001018
Final Issue Price ₹34 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Company Contact Information

Aartech Solonics Limited
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

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

Aartech Solonics IPO Analysis

Aartech Solonics IPO Recommendation Summary

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Members 0 0 0

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Aartech Solonics IPO FAQs

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.

The Aartech Solonics IPO listing date is on Mar 27, 2019.
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Aartech Solonics IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



8. Small Investor |   Link |Mar 12, 2019 3:47:41 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
lgta nhi iss Company ko 7cr mil jayenge ?
Co.k own and Shareholders m kuch to locha h
7. Devenblt |   Link |Mar 11, 2019 3:51:24 PM
Admin sir
Please change ipo timetable

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

Please update
6. Small Investor |   Link |Feb 21, 2019 4:33:32 PM
IPO Guru IPO Guru (1600+ Posts, 900+ 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
5. RAJAKUMAR |   Link |Feb 16, 2019 2:09:07 PM (1400+ Posts, 1200+ 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 |   Link |Feb 16, 2019 3:56:41 PM
may not be possible..
5.2. Jai D. Patel |   Link |Feb 19, 2019 4:24:33 PM
refund may be after 27th and listing may be on 28th or 1st
4. Arati |   Link |Feb 18, 2019 11:27:40 AM
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.
4.1. shivani |   Link |Feb 18, 2019 3:46:37 PM
thnx a lots
4.2. Dinesh Singh |   Link |Feb 19, 2019 11:15:19 AM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)

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 |   Link |Feb 16, 2019 12:07:04 PM
Thanks Sir for identifying that we are a zero debt/cash rich company.
3.1. shivani |   Link |Feb 18, 2019 10:36:32 AM
dear mam,
should i apply or not
2. RAJAKUMAR |   Link |Feb 16, 2019 1:52:25 PM (1400+ Posts, 1200+ 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 |   Link |Feb 15, 2019 12:45:55 PM
This company want to spend more than 60% of the issue proceeds on its wholly owned subsidiary companies... What's the logic...?
1.2. Team Chittorgarh.com |   Link |Feb 16, 2019 8:41:50 AM
IPO Mentor IPO Mentor (700+ Posts, 1200+ Likes)
Dear Arati Ma'am,

Thank you for your official response. We appreciate it.

Team Chittorgarh.com

Thank you,
@Admin, Team Chittorgarh.com

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Disclaimer: Equity investments are subject to 100% market risks. Refer to your financial consultant's advice before Investing. This group is only for Educational and Learning, Knowledge Purposes. Admins have no responsibility for your intended decision & financial losses. Keep calculated & always analyzed your cash position and risk-bearing capacity before following msg of our group.

1.3. Small Investor |   Link |Feb 16, 2019 11:44:26 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
There are no any Borrowings,I think this is Good Company for applying
Must Apply
Good LM