Business description – Aaron Industries provides all elevator products and parts under one roof. It includes elevator cabins, doors, frame, header, traction machine etc. The company designs ultra-modern, up-to-the-mark cabins for luxurious properties-residential as well as commercials. The company is also engaged in production of various electronic equipment like distribution boxes, busbar chambers, loom switch, cable tray, building hardware material such as Z perline and slotted channel.
Promoters of Aaron Industries – Amar Chinubhai Doshi, Karan Amar Doshi, Monish Amar Doshi, Radhika Amar Doshi, Toral Karan Doshi and Bhoomi Monish Doshi
| Aaron Industries IPO details | |
| Subscription Dates | 20 – 24 August 2018 |
| IPO Price band | INR38 per share |
| Fresh issue | 1,257,000 shares (INR4.78 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,257,000 shares (INR4.78 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME platform |
Use of funds
- Set up a new line of business in expansion plan – INR2.87 crore
- Working capital requirement – INR1.55 crore
- Public Issue Expenses – INR0.35 crore
| Aaron Industries’ financial performance (in INR lakh) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 39.1 | 237.8 | 331.9 | 480.3 | 1,179.1 | |
| Total expenses | 37.7 | 232.5 | 326.3 | 473.2 | 1,031.6 | |
| Profit after tax | 0.8 | 3.7 | 3.9 | 4.9 | 107.0 | |
Aaron Industries’ Contact Details
Aaron Industries Limited
B-65 & 66, 1st Floor, Jawahar Road No. 4,
Udhayog Nagar, Udhana
Surat-3942
Phone: +91 0261 2278410
Email: [email protected]
Website: www.aaronindustries.net
Aaron Industries IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.10 |
| Day 2 | 0.35 |
| Day 3 | 1.17 |
| Day 4 | 2.84 |
Â
Aaron Industries Valuation (For latest FY)
Earnings Per Share (EPS): INR10.47
Price/Earnings (P/E) ratio: 3.63
Return on Net Worth (RONW): 30.05%
Net Asset Value (NAV): INR18.94 per share
Registrar of Aaron Industries IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Aaron Industries IPO Allotment Status
Aaron Industries IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Aaron Industries
IPO Opening Date: 20 August 2018
IPO Closing Date: 24 August 2018
Listing Date: 3 September 2018
Listing Price on NSE SME: INR36.1 per share (down 5% from IPO price)
Closing Price on NSE SME: INR38.7 per share (up 1.84% from IPO price)
