Aimtron Electronics Limited..

Aimtron Electronics Limited’s SME Initial Public Offering to open on Thursday, May 30, 2024, price band set at ₹153/- to ₹161/- per Equity Share

• Price Band of ₹153/- – ₹161/- per equity share bearing face value of ₹10/- each (“Equity Shares”)
• Bid/Offer Opening Date – Thursday, May 30, 2024 and Bid/Offer Closing Date – Monday, June 03, 2024.
• Minimum Bid Lot is 800 Equity Shares and in multiples of 800 Equity Shares thereafter.
• The Floor Price is 15.3 times the face value of the Equity Share and the Cap Price is 16.1 times the face value of the Equity Share

Mumbai, Tuesday, 28 May 2024: Aimtron Electronics Limited (“Company”) is engaged in the business of providing products and solutions towards ESDM services with a focus on high value precision engineering products, has fixed the price band of ₹153/- to ₹161/- per Equity Share of face value ₹10/- each for its maiden initial public offer.

The public issue is entirely a fresh issue of 5.40 million equity shares with no offer-for-sale (OFS) component.

The Company, in consultation with the BRLM, has allotted a pre-IPO placement of 4,64,000 equity shares by way of a private placement at an issue price of ₹148 per equity share (including a premium of ₹ 138 per equity share) for an aggregate consideration of ₹6.87 crore. Accordingly, the issue size has been reduced.

Aimtron Electronics started in 2011 as a pure play PCB designer and assembler and over the years it has become one stop electronics system design and manufacturing (“ESDM”) solution provider.

The Company provides product and solutions right from printed circuit board (“PCB”) design and assembly to the manufacturing of complete electronic systems (“Box Build”), to certain domestic and global manufacturers located in India, United States of America, Hongkong, United Kingdom, Spain, Mexico.

It offers tailored solutions for customers’ needs, encompassing automated micro-electronics assembly and precision component integration. Its solutions involve its client providing the design for the product for which it provides manufacturing services or in some cases require the company to design the relevant product based on the specifications provided by the client including manufacturing of the product. Its solutions primarily comprise of printed circuit board assembly (“PCBA”), any box build assemblies in addition to finding its application in battery management systems used in electrical vehicles and design solutions offering end to end services right from conceptualizing the design, engineering, product prototype development, manufacturing of turnkey requirements for the customers. Through its end-to-end capabilities, it believes its customers may achieve tangible benefits such as reduced manufacturing costs, improved supply chain management and reduced inventory obsolescence.

It operates through its two manufacturing facilities, one situated in Vadodara, Gujarat and the other situated in Bengaluru, Karnataka.

Aimtron Electronics Limited has turnaround to a profit of Rs 8.63 crores in the FY23, from a loss of Rs 1.80 crores in the previous year. Revenue from operations during the FY23 increased significantly to Rs 71.58 crores from Rs 26.32 crores in the previous year, an increase of 171.98%, primarily due to an increase in the sales of printed circuit board assembly ("PCBA"). Further during FY 23 it started manufacturing operations in Bengaluru that led to addition of new customer base.

For nine months ended December 31, 2023, revenue from operations stood at Rs 67.07 crores, and profit after tax stood at Rs 9.77 crores.

The Issue is being made through the Book Building Process, wherein not more than 50% of the Net Issue shall be allocated to Qualified Institutional Buyers, not less than 15% of the Net Issue shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Net Issue shall be available for allocation to Retail Individual Bidders.

Hem Securities Limited is the sole book-running lead manager. The Company’s equity shares are proposed to be listed on the SME Platform of NSE (“NSE Emerge”).

RHP Link: https://www.aimtron.in/rhp-2/