Aartech Solonics IPO description – Aartech Solonics is a system solution oriented R&D enterprise in the field of specialized and selected energy appliances. The company 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
The company is known for its rich credentials in the highly specialized field of fast bus transfer systems for medium voltage installations in power plant & process industries. Aartech Solonics’ products also include BTS – 2000 micro processor based fast bus transfer system, Kranking Ultra Capacitors, Control Rely Panels, and Load Checkers.
Aartech Solonics promoters – Mr Anil Anant Raje & Mrs Chhaya Raje
| Aartech Solonics – Upcoming IPO details | |
| Subscription Dates | 12 – 18 March 2019 |
| IPO Price band | INR34 per share |
| Fresh issue | 2,120,000 shares (INR7.21 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,120,000 shares (INR7.21 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Investment in wholly owned subsidiary company – “M/S AIC Aartech Solonics Private Limited” – INR2.00 crore
- Investment in wholly owned subsidiary company – “ M/S Faradigm Ultracapacitors Private Limited” – INR2.50 crore
- General Corporate Expenses including Capital Expenditure & Research and Development Expenses – INR1.21 crore
- Working Capital Requirements – INR1.00 crore
- Issue Expenses – INR0.50 crore
| Aartech Solonics’ standalone financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 9.54 | 9.94 | 10.26 | 13.42 | 12.08 | |
| Total expenses | 10.22 | 8.52 | 10.00 | 13.10 | 10.71 | |
| Profit after tax | -0.70 | 1.13 | 0.23 | 0.30 | 1.18 | |
Aartech Solonics Contact Details
Aartech Solonics Limited
E-2/57
Ashirvad Arera Colony
Bhopal MP- 462016
Phone: +91 755 2463593
Email: [email protected]
Website: www.aartechsolonics.com
Aartech Solonics IPO Subscription Details
| Day |
Subscription (no. of times) |
| Day 1 |
0.72 |
| Day 2 |
1.01 |
| Day 3 |
1.38 |
| Day 4 |
1.39 |
| Day 5 | 1.89 |
Aartech Solonics Valuation (For FY2018)
Earnings Per Share (EPS): INR1.47
Price/Earnings (P/E) ratio: 23.13
Return on Net Worth (RONW): 4.32%
Net Asset Value (NAV): INR35.42 per share
Registrar of Aartech Solonics IPO
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Aartech Solonics IPO Allotment Status
Aartech Solonics IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Aartech Solonics
IPO Opening Date: 12 March 2019
IPO Closing Date: 18 March 2019
Listing Date: 27 March 2019
Listing Price on BSE SME: INR33.95 per share (down 0.15% from IPO price)
Closing Price on BSE SME: INR34.60 per share (up 1.76% from IPO price)
