Aartech Solonics IPO is all about to make its debut on 12 March 2019 with issue size of INR 7.21cr
Aartech Solonics Ltd, a system solution oriented R&D firm in the realm of specialised and chosen energy appliances, was founded in 1982 and is situated in Gwalior, Madhya Pradesh. It produces electrical equipment for switching or protecting electrical circuits, such as switches, fuses, voltage limiters, surge suppressors, junction boxes, etc.; similar equipment, such as relays and sockets, for voltages not exceeding 1000 volts; and boards, panels, consoles, cabinets, and other bases equipped with two or more of the aforementioned electrical equipment for electric distribution and control.
Businesses from a variety of industries, such as the defence industry, railroads, power generation, heavy earth moving equipment, oil & gas, etc., make up the clientele of the company. The 1000 square foot Innovations Lab at Aartech is equipped with all the contemporary conveniences needed for laboratory operations. The Department of Science and Technology honoured it for its commitment to R&D operations in the field in November 2013. Apart for 10 contract workers, the company has 55 full-time employees.
INDUSTRY OVERVIEW
The Indian economy is expanding rapidly and is still a bright spot in the world economy. The halving of global oil prices that began in late 2014 stimulated economic activity in India, further improved the external current account and fiscal conditions, and\shelped cut inflation. Continued fiscal stabilisation through a reduction in governmental deficits and debt buildup, as well as macroeconomic stability has been strengthened by an anti-inflationary monetary policy stance.
The government has made considerable strides towards economic reforms that will enable future strong and sustained growth. India’s medium-term growth would be helped by the imminent introduction of the goods and services tax, which has been in the works for more than a decade, as it will increase production efficiency and cross-state movement of commodities and services in India. There are still difficulties, though, so there is little room for complacency. Our main worries revolve around the state of the banking system, which is still coping with a significant number of subprime loans as well as increased company vulnerabilities in various important economic areas.
Aartech Solonics IPO Details
| IPO Date | Mar 12, 2019 to Mar 18, 2019 |
| Listing Date | Wednesday, March 27, 2019 |
| Face Value | ₹10 per share |
| Price | ₹34 per share |
| Lot Size | 4000 Shares |
| Issue Size | 2,120,000 shares of ₹10(aggregating up to ₹7.21 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Aartech Solonics IPO Tentative Dates
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 5 PM on the issue closing day.
| Event | Tentative Date |
| Opening Date | Mar 12, 2019 |
| 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 |
| Listing Date | Mar 28, 2019 |
Company Financials
| 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:
- A 200 lakhs investment in the fully owned subsidiary firm “M/S AIC Aartech Solonics Private Limited”
- A 250 lakhs investment in the fully-owned subsidiary business “M/S Faradigm Ultracapacitors Private Limited”
- Rs 120 lakhs for general corporate expenses, which include capital expenditure and research and development costs.
- The required working capital is Rs. 100 lakhs.
- Public issue meeting expenses: Rs. 50 lakhs
Aartech Solonics IPO Prospectus
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: https://www.bigshareonline.com/
Aartech Solonics IPO Lead Manager(s)
- Swastika Investmart Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
