Aimtron Electronics, started in 2011 as a pure play PCB designer and assembler, has become one stop Electronics System Design And Manufacturing (ESDM) solutions provider.
MUMBAI, May 28 (The CONNECT) – Electronics System Design And Manufacturing (ESDM) solutions provider Aimtron Electronics Limited has fixed the price band of ₹153-₹161 per equity share for its initial public offering that will be open from May 30 to June 3.
The public issue is entirely a fresh issue of 5.4 million equity shares with no offer-for-sale (OFS) component. 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).
Investors can bid for a minimum bid lot is for 800 equity shares and in multiples of 800, thereafter. The issue, with a face value of rs 10 apiece, 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.
The Company, in consultation with the BRLM, has allotted a pre-IPO placement of 4,64,000 equity shares via 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 ESDM solutions 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 and 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.
It operates through its two manufacturing facilities, one situated in Vadodara, Gujarat and the other situated in Bengaluru, Karnataka.
Aimtron Electronics Limited has turned around to a profit of Rs 8.63 crores in the FY23, from a loss of Rs 1.8 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 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.
