Aimtron Electronics Limited is coming up with an IPO consisting of a fresh issue of 58,70,400 shares worth INR 87.02 crores. The company aims to repay borrowings, fund capital expenditure for new machinery, and meet working capital and general corporate needs.
Aimtron Electronics Limited IPO – Important Dates
| Aimtron Electronics Limited IPO Date | May 30, 2024 to June 3, 2024 |
| Aimtron Electronics Limited IPO Listing Date | June 6, 2024 |
| Aimtron Electronics Limited IPO Price | INR 153-161 per share |
| Aimtron Electronics Limited IPO Lot Size | 800 shares |
| Aimtron Electronics Limited IPO Total Issue Size | INR 87.02 crores |
| Aimtron Electronics Limited IPO Basis of Allotment | June 4, 2024 |
| Aimtron Electronics Limited IPO Initiation of Refunds | June 5, 2024 |
| Aimtron Electronics Limited IPO Credit of Shares to Demat | June 5, 2024 |
| Aimtron Electronics Limited IPO Issue Type | Book Built Issue IPO |
| Aimtron Electronics Limited IPO Listing At | NSE SME |
Aimtron Electronics IPO – Company Profile
Aimtron Electronics Limited provides ESDM services, focusing on high-value precision engineering products, from PCB design and assembly to complete electronic systems manufacturing. It serves manufacturers in India, the USA, Hong Kong, the UK, Spain, and Mexico.
They offer tailored ESDM solutions, from automated micro-electronics assembly to complete design and manufacturing. Through their diverse, standalone capabilities, they enhance customer benefits like reduced costs and improved supply chain management.
They provide diverse ESDM products and services across multiple industries, from advanced facilities in Vadodara and Bengaluru, ensuring quality and productivity. Their capabilities enhance products with emerging technologies, addressing diverse consumer needs.
Aimtron Electronics Ltd IPO Review
Aimtron Electronics Limited Technologies’ financial analysis reveals a mixed performance. Revenue increased significantly year-over-year, though it fell short mid-year. Equity rose, profitability surged, EPS improved, RoNW grew, and assets increased, but inventory turnover declined.
- Revenue Trend: The revenue increased from ₹2,631.92 lakhs in March 2022 to ₹7,158.36 lakhs in March 2023. The revenue for the current year’s 6-month period ending September 2023 is INR 4,306.77 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has enhanced, indicating increased reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹ (180.15) lakhs in March 2022 to ₹ 710.37 lakhs by September 2023. This rise in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has declined from ₹ (3.38) in March 2022 to ₹ 4.88 by September 2023, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has grown from (8.84)% to 18.53%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
Aimtron Electronics IPO Fundamental Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 September 2023 |
| Revenue (₹ in lakhs) | 2,631.92 | 7,158.36 | 4,306.77 |
| Equity (₹ in lakhs) | 2,038.96 | 3,123.26 | 3,833.64 |
| Expenses (₹ in lakhs) | 2,851.71 | 6,066.22 | 3,453.38 |
| Profit and Loss After Tax (₹ in lakhs) | (180.15) | 863.19 | 710.37 |
| Diluted EPS only (₹) | (3.38) | 10.67 | 4.88 |
| Return on Net Worth (%) | (8.84) | 27.64 | 18.53 |
| NAV per Equity Share (₹) | 38.24 | 38.60 | 26.36 |
| Total Assets (in lakhs) | 5,904.04 | 8,740.02 | 8,992.72 |
| Total Liabilities (in lakhs) | 3,865.08 | 5,616.76 | 5,159.08 |
| Debt Equity Ratio | 0.42 | 0.65 | 0.50 |
| Current Ratio(in times) | 1.02 | 1.48 | 1.65 |
| Inventory Turnover Ratio | 1.64 | 1.47 | 0.61 |
Aimtron Electronics Ltd IPO Peer Comparison
Aimtron Electronics Limited and its competitors show diverse financial metrics. Aimtron exhibits moderate equity and assets. Kaynes Technology, Vinyas Innovative Technologies, Avalon Technologies, and Syrma SGS Technology showcase varying performance in equity, EPS, and asset valuations, highlighting market diversity.
| Company | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | Book Value (₹) | Total Income (₹ in lakhs) |
| Aimtron Electronics Limited | 10 | – | 7.90 | 7.90 | 27.64 | 38.60 | 7,239.98 |
| Kaynes Technology India Limited | 10 | 131.71 | 19.84 | 19.61 | 9.91 | 165.17 | 11,37,51.20 |
| Vinyas Innovative Technologies Limited | 10 | 25.74 | 19.62 | 19.62 | 16.13 | 121.67 | 23,452.40 |
| Avalon Technologies Limited | 10 | 57.72 | 9.27 | 9.08 | 9.78 | 82.01 | 95,906.90 |
| Syrma SGS Technology Limited | 10 | 89.33 | 7.59 | 7.50 | 7.98 | 87.13 | 20,9213.70 |
Aimtron Electronics Limited IPO Objective
The main objective of Aimtron Electronics Limited is to repay outstanding borrowings, fund capital expenditure for new plant and machinery, and meet working capital needs.
- Repayment in whole or in part, of certain of their outstanding borrowings: The company intends to utilize INR 15 crores from the Net Proceeds to repay borrowings, aiming to reduce outstanding indebtedness, lower debt servicing costs, and enhance leverage capacity for future growth.
- Funding Capital Expenditure towards installing additional plant and machinery: The company plans to allocate INR 17.13 crores of the net proceeds for capital expenditure, particularly for installing a new SMT line, additional equipment, and back-end assembly at its Vadodara factory unit.
- Funding to meet working capital requirements: The company aims to bolster working capital to sustain business growth. It plans to allocate a portion of the Net Proceeds in Fiscal 2024 and 2025, supplementing with existing facilities and internal accruals to meet incremental requirements.
- General Corporate Purpose: The company will allocate funds to general corporate goals, including funding growth opportunities, meeting business expenses, servicing borrowings, brand building, addressing exigencies, and fulfilling other purposes as required.
Aimtron Electronics IPO Risks And Challenges
Aimtron Electronics Limited’s risks include heavy dependence on key customers, vulnerability to market dynamics, intense competition in the ESDM industry, and uncertainties surrounding PCBA sales and technological advancements, which can affect financial stability.
- The company relies heavily on critical customers for revenue, with the top ten contributing significantly. Dependency on group companies and the risk of losing customers may impact financial stability. Customer demands, cancellations, and changing market dynamics pose operational challenges.
- Operating in the highly competitive ESDM industry, they face challenges from domestic and international players. Competition intensifies with pricing pressures, technological advancements, and larger competitors enjoying significant advantages, posing profitability and market share risks.
- Their financial performance relies heavily on PCBA sales, which have fluctuated over the years. Market share uncertainty, product substitution risks, and the need for continual innovation pose challenges that could impact financial stability.
Aimtron Electronics Limited IPO – Industry & Market Potential
India’s electronics manufacturing industry is rapidly expanding, with a projected sector worth $300 billion by 2025-26. Key initiatives like the PLI scheme and investments totaling INR 40,951 crore are driving growth, leading to a surge in exports, including $10 billion worth of smartphones in FY 2022-2023.
The Electronics System Design and Manufacturing (ESDM) industry, valued at over $2 trillion globally, is vital for economic growth. India’s share has grown to 3%, contributing 2.5% to GDP and employing over 13 million.
The electronics sector drives global innovation and economic growth, offering diverse services from manufacturing to design and testing. With increasing consumer demand and technological advancements like IoT and AI, the sector thrives and contributes significantly to global GDP.
Aimtron Electronics Ltd IPO – Type of Offer
Aimtron Electronics Limited is coming up with an IPO consisting of a fresh issue of 58,70,400 shares worth INR 87.02 crores. The company aims to repay borrowings, fund capital expenditure for new machinery, and meet working capital and general corporate needs.
Aimtron Electronics IPO Offer Size
The offer size of Aimtron Electronics Limited is INR 87.02 crores, consisting of a fresh issue of 58,70,400 shares. The company seeks funds to repay borrowings, fund capital expenditure for new machinery, and meet working capital and general corporate needs.
Aimtron Electronics Ltd IPO Allotment Structure
Aimtron Electronics Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 35% for Non-Institutional Investors (NII), and 15% for Retail Individual Investors (RII) according to SEBI regulations. 281,600 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 35% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 15% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e.281,600 shares, are reserved for marker makers.
How to apply for an Aimtron Electronics Limited IPO?
To apply for the Aimtron Electronics Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Aimtron Electronics Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Aimtron Electronics Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Aimtron Electronics Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Aimtron Electronics Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Aimtron Electronics Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Aimtron Electronics Limited IPO:
● Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the Aimtron Electronics Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE and SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) and Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Aimtron Electronics Limited Ltd IPO Offer Registrar
The registrar for the Aimtron Electronics Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Link Intime India Private Limited
Address: C-101, 247 Park, L. B. S. Marg, Vikhroli
(West), Mumbai – 400 083
Tel. No.: +91 810 811 4949
Fax No.: +91 22 49186195
Email: [email protected]
Website: www.linkintime.co.in
Aimtron Electronics Limited Limited IPO – FAQs
1. What is Aimtron Electronics Limited’s allotment date?
The allotment date of the Aimtron Electronics Limited IPO is June 4, 2024.
2. What is the price band of the Aimtron Electronics Limited IPO?
The price band of the issue is INR 153-161 per share.
3. What is the size of the Aimtron Electronics Limited IPO?
The offer size of Aimtron Electronics Limited is INR 87.02 crores, consisting of a fresh issue of 58,70,400 shares. The company seeks funds to repay borrowings, fund capital expenditure for new machinery, and meet working capital and general corporate needs.
4. What is the listing date of the Aimtron Electronics Limited IPO?
The listing date of Aimtron Electronics Limited’s IPO is June 6, 2024.
