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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 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

Aartech Solonics IPO Date Mar 12, 2019 to Mar 18, 2019
Aartech Solonics IPO Face Value ₹10 per share
Aartech Solonics IPO Price ₹34 per share
Aartech Solonics IPO Lot Size 4000 Shares
Issue Size2,120,000 shares of ₹10
(aggregating up to ₹7.21 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

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

Aartech Solonics IPO Timeline (Tentative Timetable)

Aartech Solonics IPO opens on Mar 12, 2019, and closes on Mar 18, 2019. The Aartech Solonics IPO bid date is from Mar 12, 2019 10.00 A.M. to Mar 18, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Aartech Solonics IPO Opening Date Mar 12, 2019
Aartech Solonics IPO 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
Aartech Solonics IPO Listing Date Mar 28, 2019

Aartech Solonics IPO Lot Size

The Aartech Solonics IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹136,000).

Application Lots Shares Amount
Minimum 1 4000 ₹136,000
Maximum 1 4000 ₹136,000

Aartech Solonics IPO Promoter Holding

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

Aartech Solonics IPO Review

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...

New Aartech Solonics IPO Recommendation by Members

Aartech Solonics IPO Recommendations Details | Post Recommendation | Manage Recommendations

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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)
NII2.35
Retail1.64
Total2.00

Aartech Solonics IPO Prospectus

Aartech Solonics IPO Rating

57
3.3
Rating:Rated 3.3 stars
Vote Here ...

Aartech Solonics IPO Listing Date

Listing Date Wednesday, March 27, 2019
BSE Script Code 542580
NSE Symbol
Listing In MT Group of Securities
ISIN INE01C001018
IPO Price ₹34 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹34.00
₹33.95
₹33.95
₹34.90
₹34.60

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

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

Aartech Solonics IPO Reviews / Ratings

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, Edelweiss, 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 Wednesday, March 27, 2019.
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Aartech Solonics IPO Message Board

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16 Comments

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
Director.
5. RAJAKUMAR |   Link |Feb 16, 2019 2:09:07 PM
IPO Guru IPO Guru (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.
Thanks,
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 Mentor IPO Mentor (800+ Posts, 300+ Likes)
@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 |   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
frankly
2. RAJAKUMAR |   Link |Feb 16, 2019 1:52:25 PM
IPO Guru IPO Guru (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 (500+ Posts, 1000+ Likes)
Dear Arati Ma'am,

Thank you for your official response. We appreciate it.

Team Chittorgarh.com

Thank you,
@Admin, Team Chittorgarh.com

ProStocks - Broker with Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Zero Account Opening + Rs 0 Equity Delivery Brokerage + AMC Free Demat Open FREE Account

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