Aimtron Electronics IPO: The initial public offering of Aimtron Electronics Ltd, which opened for public subscription on Thursday, has received a muted response from investors. Till 4:31 pm on the second day of bidding on Friday, the Rs 87.02-crore SME IPO received a 3.64 times subscription, garnering bids for 1,88,56,800 shares as against 35,87,200 shares on offer.
The retail category has received a 7.67 times subscription, while the non-institutional investor (NII) category got a 4.02 times subscription. The QIB category received a 1.96 times subscription.
The Aimtron Electronics IPO will be closed on June 3. The Aimtron Electronics IPO allotment will likely be finalised on June 4, while the listing will take place on June 6 on the NSE SME.
The price of the IPO was fixed at Rs 104-110 per share.
Aimtron Electronics IPO GMP Today
According to market observers, unlisted shares of Aimtron Electronics Limited are trading Rs 60 higher in the grey market as compared with its issue price. The Rs 60 grey market premium or GMP means the grey market is expecting a 37.27 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
About Aimtron Electronics IPO
Aimtron Electronics IPO is entirely a fresh issue of 54.05 lakh share. Aimtron Electronics IPO bidding opened for subscription on May 30, 2024 and will close on June 3, 2024.
The price band of the IPO was fixed at Rs 153 to Rs 161 per share. The minimum lot size for an application is 800 shares. The minimum amount of investment required by retail investors is Rs 1,28,800. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to Rs 2,57,600.
Hem Securities Limited is the book running lead manager of the Aimtron Electronics IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Aimtron Electronics IPO is Hem Finlease.
Aimtron Electronics Ltd’s revenue increased 169.2 per cent and profit after tax (PAT) rose 579.15 per cent between the financial year ending with March 31, 2023 and March 31, 2022.
Aimtron Electricals Limited, established in April 2011, provides products and solutions for electronics system design and manufacturing (ESDM) services, with a focus on high-value precision engineering products.
The company offers PCB design, assembly, and complete electronic system manufacturing for domestic and global manufacturers in India, the USA, Hong Kong, the UK, Spain, and Mexico.
