Auro Impex & Chemicals Limited IPO (Auro Impex & Chemicals IPO) Detail

May 11, 2023 - May 15, 2023

Incorporated in 1994, Auro Impex & Chemicals Limited is an Auro Group Company.

Auro Impex & Chemicals is engaged in manufacturing, exporting, and supply of Discharge & Collecting Electrodes, and Electrostatic Precipitator (ESP) internal parts and spares.

The company manufactures Collecting Electrodes of all profiles, Discharge Electrodes, Electromagnetic rapper, Tank Fabrication and Duct Fabrication, and other ESP Internal spare parts, for Original Equipment manufacturers (OEMs) and service providers ranging from sourcing of components, designing, manufacturing, quality testing as per the specifications provided by OEMs and service providers.

Auro Impex & Chemicals has been selling its products through renowned OEMs and Service Providers such as Thermax Limited, Larsen & Toubro Limited, KC Cottrell India Private Limited, Isgec Heavy Engineering Limited, Hariaksh Industries Private Limited, Par Techno-Heat Pvt Ltd, Filter Flow Engineering Private Limited, Imeco Overseas Private Limited and other Brand owners.

Auro Impex & Chemicals IPO Details

IPO Date	May 11, 2023 to May 15, 2023
Listing Date	May 23, 2023
Face Value	₹10 per share
Price	₹74 to ₹78 per share
Lot Size	1600 Shares
Total Issue Size	3,470,400 shares (aggregating up to ₹27.07 Cr)
Fresh Issue	2,920,000 shares (aggregating up to ₹22.78 Cr)
Offer for Sale	550,400 shares of ₹10 (aggregating up to ₹4.29 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Market Maker portion	174,400 shares (Rikhav Securities)

Auro Impex & Chemicals IPO Reservation

QIB Shares Offered	347,040 (10.00%)
NII (HNI) Shares Offered	1,179,242 (33.98%)
Retail Shares Offered	1,944,118 (56.02%)
Total Shares Offered	3,470,400

Auro Impex & Chemicals IPO Timetable (Tentative)

Auro Impex & Chemicals IPO opens on May 11, 2023, and closes on May 15, 2023.

Event	Tentative Date
Opening Date	Thursday, 11 May 2023
Closing Date	Monday, 15 May 2023
Basis of Allotment	Thursday, 18 May 2023
Initiation of Refunds	Friday, 19 May 2023
Credit of Shares to Demat	Monday, 22 May 2023
Listing Date	Tuesday, 23 May 2023
Cut-off time for UPI mandate confirmation	5 PM on May 15, 2023

Auro Impex & Chemicals IPO Lot Size

The Auro Impex & Chemicals IPO lot size is 1600 shares.

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹124,800
Retail (Max)	1	1600	₹124,800
HNI (Min)	2	3,200	₹249,600
Lot Size Calculator

Auro Impex & Chemicals IPO Promoter Holding

Mr. Madhusudan Goenka and Mr. Praveen Kumar Goenka are the company promoters.

Pre Issue Share Holding	99.99%
Post Issue Share Holding

Company Financials

Auro Impex & Chemicals Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,841.42	3,760.98	27.01		322.62
31-Mar-21	3,360.59	7,372.70	90.54		413.16
31-Mar-22	6,219.56	15,184.93	230.03	1,155.04	1,077.70	3,679.97
31-Mar-23	8,228.09	23,296.54	599.92	1,754.96	826.88	4,875.92
Amount in ₹ Lakhs

Key Performance Indicator

KPI	Values
P/E (x)	12.07
Market Cap (₹ Cr.)	95.17
Debt/Equity	2.77
EPS (Rs)	6
RoNW (%)	19.92

Check Auro Impex & Chemicals IPO Peer Comparison here.

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

To meet the working capital requirements.
General corporate purpose and to meet the issue expenses.

Auro Impex & Chemicals IPO Review (Avoid)

[Dilip Davda] After the average performance for FY21 and FY22 (standalone basis), it marked miraculous profits for FY23 on a standalone and consolidated basis. This not only raises eyebrows, but concerns over the sustainability going forward. One more surprise is the hike in the issue size in just a few days as can be seen from RHP dated 01.05.23 and 06.05.23. Considering this, the issue lacks transparency and is aggressively priced discounting all near-term positives. There is no harm in skipping this pricey IPO. Read detail review...

Auro Impex & Chemicals IPO Subscription Status (Bidding Detail)

The Auro Impex & Chemicals IPO is subscribed 66.94 times on May 15, 2023 7:29:00 PM. The public issue subscribed 50.72 times in the retail category, 31.67 times in the QIB category, and 104.05 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (times)
QIB	31.67
NII	104.05
Retail	50.72
Total	66.94

Total Application : 61,632 (50.73 times)

Auro Impex & Chemicals IPO Prospectus

Auro Impex & Chemicals IPO Rating

3.0

Rating:

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Auro Impex & Chemicals IPO Listing Details

Listing Date	May 23, 2023
BSE Script Code
NSE Symbol	AUROIMPEX
ISIN	INE0NUL01018
Final Issue Price	₹78 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade

NSE SME
₹78.00
₹78.00
₹74.20
₹78.50
₹75.70

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Company Contact Information

Auro Impex & Chemicals Limited
32 K.L. Saigal Sarani,
740A, Block- P,
New Alipore, Kolkata- 700053
Phone: +91 8240927251
Email: investor@auroimpex.com
Website: https://auroimpex.com/

Auro Impex & Chemicals IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

Auro Impex & Chemicals IPO Analysis

Auro Impex & Chemicals IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	0	0	1
Members	2	0	1

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Auro Impex & Chemicals IPO Lead Manager(s)

Affinity Global Capital Market Private Limited (Past IPO Performance)

Lead Manager Reports

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Auro Impex & Chemicals IPO FAQs

Auro Impex & Chemicals IPO is a SME IPO of 3,470,400 equity shares of the face value of ₹10 aggregating up to ₹27.07 Crores. The issue is priced at ₹74 to ₹78 per share. The minimum order quantity is 1600 Shares.

The IPO opens on May 11, 2023, and closes on May 15, 2023.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Auro Impex & Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Auro Impex & Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Auro Impex & Chemicals IPO through Zerodha

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the 'Auro Impex & Chemicals IPO' row and click the 'Bid' button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Auro Impex & Chemicals IPO opens on May 11, 2023 and closes on May 15, 2023.

Auro Impex & Chemicals IPO lot size is 1600 Shares and the minimum order quantity is .

You can apply in Auro Impex & Chemicals 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 Auro Impex & Chemicals IPO will be done on Thursday, 18 May 2023, and the allotted shares will be credited to your demat account by Monday, 22 May 2023. Check the Auro Impex & Chemicals IPO allotment status.

The Auro Impex & Chemicals IPO listing date is on May 23, 2023.

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