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)|
|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
|Issue Open||Mar 12, 2019 - Mar 18, 2019|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||2,120,000 Eq Shares of Rs 10 |
(aggregating up to Rs 7.21 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 34 Per Equity Share|
|Market Lot||4000 Shares|
|Min Order Quantity||4000 Shares|
|Listing At||BSE SME|
|Bid/Offer Opens On||Mar 12, 2019|
|Bid/Offer Closes On||Mar 18, 2019|
|Finalisation of Basis of Allotment||Mar 22, 2019|
|Initiation of Refunds||Mar 25, 2019|
|Credit of Shares to Demat Acct:||Mar 25, 2019|
|IPO Shares Listing Date:||Mar 28, 2019|
|Pre Issue Share Holding||74.85%|
|Post Issue Share Holding||52.38%|
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