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Open
12 Mar 2019
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Close
18 Mar 2019
3
Allotment
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Listing
Wed, Mar 27, 2019
Price Band
₹34 per share
Issue Size
21,20,000 shares (agg. up to ₹7 Cr)
Lot Size
4,000 Shares
Listing Date
Wed, Mar 27, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.30x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 19.42 | 19.38 | 19.46 | 18.72 |
| Total Income | 4.17 | 12.09 | 13.42 | 10.26 |
| Profit After Tax | 0.60 | 1.18 | 0.30 | 0.23 |
| NET Worth | 18.51 | 17.91 | 16.77 | 16.47 |
| Reserves and Surplus | 13.57 | 12.97 | 11.83 | 11.53 |
| Total Borrowing | 0.50 | |||
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in wholly owned subsidiary company - “ M/s AIC - Aartech Solonics Private Limited”; | 2.00 |
| 2 | Investment in wholly owned subsidiary company - “M/s Faradigm Ultracapacitors Private Limited” | 2.50 |
| 3 | For General Corporate Expenses including Capital Expenditure & Research and Development Expenses | 1.21 |
| 4 | Working Capital Requirement | 1.00 |
| 5 | Meeting Public Issue Expenses. | 0.50 |
About Aartech Solonics IPO
Incorporated in 1982, Gwalior, Madhya Pradesh based Aartech Solonics Limited is a system solution oriented R&D enterprise in the field of specialized and selected energy appliances. It 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.Some of the company's popular products and services include-1. BTS - 2000.2. Kranking Ultra Capacitors.3. Control Rely Panels.4. Load Checkers.The company also provide solutions and services for products of other companies like- 1. GSUN Innovations2. Bestcase EnclosuresThe company's client base includes businesses from various industries like Defense, Railways, Power Generation, Heavy Earth Moving Equipments and Oil & Gas etc.Aartech's Innovations Lab is a 1000 sqft fac
Contact Details
Aartech Solonics Ltd. AddressE-2/57, Ashirvad Arera ColonyBhopal, Madhya Pradesh, 462016+91 - 755 -2463593compliance@aartechsolonics.comVisit Website