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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.
The promoters of the company are Anil Anant Raje and Chhaya Raje.
| 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
| IPO Opening Date | Mar 12, 2019 |
| IPO Closing Date | Mar 18, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹34 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | 2,120,000 Eq Shares of ₹10 (aggregating up to ₹7.21 Cr) |
The Aartech Solonics IPO open date is Mar 12, 2019, and the close date is Mar 18, 2019. The issue may list on Mar 28, 2019.
| IPO Open Date | Mar 12, 2019 |
| IPO Close Date | Mar 18, 2019 |
| Basis of Allotment Date | Mar 22, 2019 |
| Initiation of Refunds | Mar 25, 2019 |
| Credit of Shares to Demat Account | Mar 25, 2019 |
| IPO Listing Date | Mar 28, 2019 |
The Aartech Solonics IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹136,000 |
| Maximum | 1 | 4000 | ₹136,000 |
| Pre Issue Share Holding | 74.85% |
| Post Issue Share Holding | 52.38% |
The Aartech Solonics IPO is subscribed 2.00x times on Mar 18, 2019 18:50. The public issue subscribed 1.64x in the retail category, in the QIB category, and 2.35x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| NII | 2.35x |
| RII | 1.64x |
| Total | 2.00x |
| Listing Date | Wednesday, March 27, 2019 |
| BSE Script Code | 542580 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE01C001018 |
| IPO Price | ₹34 per equity share |
| Face Value | ₹10 per equity share |
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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: http://www.bigshareonline.com
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 equity 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 4000 Shares.
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.
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