Aimtron Electronics IPO Date, Review, Price, Allotment Details

Aimtron Electronics is launching an Initial Public Offering (IPO) valued at ₹87.02 crores. This IPO is entirely a fresh issue, comprising 54.05 lakh shares.

**Key Dates:**
– **Subscription Period:** May 30, 2024, to June 3, 2024
– **Allotment Finalization:** June 4, 2024
– **Listing Date:** June 6, 2024 (NSE SME)

**Pricing and Investment:**
– **Price Band:** ₹153 to ₹161 per share
– **Minimum Lot Size:** 800 shares
– **Minimum Investment for Retail Investors:** ₹128,800
– **Minimum Investment for High Net-Worth Individuals (HNI):** ₹257,600 (2 lots)

The IPO is managed by Hem Securities Limited, with Link Intime India Private Ltd as the registrar and Hem Finlease as the market maker.

**IPO Details:**
– **Face Value:** ₹10 per share
– **Total Issue Size:** 5,404,800 shares (₹87.02 crores)
– **Market Maker Portion:** 281,600 shares (managed by Hem Finlease)

**Shareholding Structure:**
– **Pre-Issue Shareholding:** 14,545,025 shares
– **Post-Issue Shareholding:** 19,949,825 shares

### Aimtron Electronics IPO Reservation

The IPO offers shares in the following categories:
– **Qualified Institutional Buyers (QIBs):** Not more than 50% of the net issue
– **Retail Investors:** Not less than 35% of the net issue
– **Non-Institutional Investors (NIIs or HNIs):** Not less than 15% of the net issue

### Anchor Investors

Aimtron Electronics raised ₹24.73 crores from anchor investors. The anchor bid date was May 29, 2024, with 1,536,000 shares offered. The lock-in period for 50% of the shares ends on July 4, 2024, and for the remaining shares on September 2, 2024.

### Tentative Timeline

– **IPO Opens:** May 30, 2024
– **IPO Closes:** June 3, 2024
– **Basis of Allotment:** June 4, 2024
– **Refunds Initiation:** June 5, 2024
– **Credit of Shares to Demat Accounts:** June 5, 2024
– **Listing Date:** June 6, 2024
– **Cut-off Time for UPI Mandate Confirmation:** 5 PM on June 3, 2024

### Lot Size and Investment

Investors can bid for a minimum of 800 shares. The investment details are:
– **Retail Investors:** Minimum and maximum investment of ₹128,800 (800 shares)
– **HNIs:** Minimum investment of ₹257,600 (1600 shares)

### Promoters and Business Overview

The promoters of Aimtron Electronics Limited are Mukesh Jeram Vasani, Nirmal M Vasani, and Sharmilaben Lakhanbhai Bambhaniya. Founded in April 2011, Aimtron Electronics specializes in electronic system design and manufacturing (ESDM) services, focusing on high-value precision engineering products.

The company offers PCB design, assembly, and complete electronic system manufacturing to domestic and global clients in countries such as India, the USA, Hong Kong, the UK, Spain, and Mexico.

**Core Services:**
1. **Printed Circuit Board Assembly (PCBA)**
2. **Box Build Assemblies for Battery Management Systems in Electric Vehicles**
3. **Design Solutions:** End-to-end services from design conceptualization to prototype development and turnkey manufacturing.

Aimtron Electronics operates two manufacturing facilities in Vadodara, Gujarat, and Bengaluru, Karnataka. As of September 30, 2023, the company employed 131 people, including 28 engineers. It holds ISO 13485:2016, ISO 14001:2015, and EN ISO 9001:2015 certifications.

### Financial Information (Restated)

**Key Performance Indicators (as of Dec 31, 2023):**
– **Market Capitalization:** ₹321.19 crores
– **Return on Equity (ROE):** 27.04%
– **Return on Capital Employed (ROCE):** 23.85%
– **Debt/Equity Ratio:** 0.44
– **Return on Net Worth (RoNW):** 23.82%
– **Profit After Tax (PAT) Margin:** 14.56%

### IPO Objectives

The funds from the IPO will be used for:
1. **Repayment of Certain Outstanding Borrowings**
2. **Capital Expenditure:** Installation of additional plant and machinery
3. **Working Capital Requirements**
4. **General Corporate Purposes**

### Conclusion

Aimtron Electronics IPO presents an opportunity for investors to participate in a growing company within the electronic system design and manufacturing sector. With a focus on high-value precision engineering products and a solid client base spanning several countries, Aimtron Electronics aims to leverage the funds raised to enhance its production capacity and operational efficiency. Investors should consider the company’s financial health, strategic objectives, and market potential when making investment decisions.

Profit Must