Aartech Solonics Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,004,000 (47%) | — | ₹341 Cr |
| Retail | — | 1,004,000 (47%) | — | ₹341 Cr |
| Market Maker | — | 112,000 (5%) | — | ₹4 Cr |
| Σ Total | — | 2,120,000 (100%) | — | ₹7,208 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹136,000 |
| Retail (Max) | 13 | 52,000 | ₹1,768,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,904,000 |
| B-HNI (Min) | 67 | 268,000 | ₹9,112,000 |
Financial Statements Amount in Lakhs
| Metric | 30-Sep-18 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 417 | 1,209 | 1,342 |
| Profit After Tax | 60 | 118 | 30 |
| Total Assets | 1,942 | 1,938 | 1,946 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Investment in wholly owned subsidiary company - “ M/s AIC - Aartech Solonics Private Limited”; – 2.00
- 2 Investment in wholly owned subsidiary company - “M/s Faradigm Ultracapacitors Private Limited” – 2.50
- 3 For General Corporate Expenses including Capital Expenditure & Research and Development Expenses – 1.21
- 4 Working Capital Requirement – 1.00
- 5 Meeting Public Issue Expenses. – 0.50
Company Overview
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.