Aimtron Electronics IPO allotment likely to be finalised on June 4: Here’s how to check status online

Aimtron Electronics is expected to announce the share allotment on Tuesday, June 4, following successful close of its public offer.

The electronics system design and manufacturing services provider launched its ₹87.02 crore IPO on May 30, 2024. The public offer received robust demand from retail as well as non-retail investors during the subscription period.

The company will finalise the share allotment status on June 4. The refunds and credit of shares to the Demat accounts of successful bidders will be initiated on June 5. The company has proposed to list shares on the NSE SME platform on June 6.

Investors can easily check the share allotment status on the official website of IPO registrar, Link Intime India Private Ltd. Share allotment status can also be viewed on the NSE website.

How to check Aimtron Electronics IPO share allotment status on registrar website:

How to check Aimtron Electronics IPO share allotment on NSE website

It’s important to note that the name of the company and the share allocation details will appear on screen only after the company finalises the share allotment status.

Aimtron Electronics IPO subscription

Aimtron Electronics Ltd public offer closed for bidding on June 3. The IPO was booked more than 99 times driven by robust demand from retail investors. According to exchange data, bids for 35.62 crore shares were received against 35.87 lakh shares on offer.

Retail investors’ portion was booked more than 71 times. RIIs placed bids for 12.85 crore shares against 17.93 lakh shares on offer. Non retail portion was booked 126 times with bids for 22.75 crore shares dropping in against 17.93 lakh shares on offer.

Among non-retail investors, non-institutional investors placed bids for 15.61 crore shares while Qualified Institutional Buyers (QIBs) placed bids for 7.16 crore shares. The NIIs portion was booked 202 times while OQB quota was booked nearly 70 times.

Earlier, the company raised ₹24.73 crore from anchor investors by allotting 15.36 lakh shares at a price of ₹161 per share.

Aimtron Electronics IPO objectives

Aimtron Electronics offers products and services for electronics system design and manufacturing (ESDM). The company offers products such as printed circuit board design and assembly to the manufacturing of complete electronic systems. It has clients in India, the US, Hong Kong, the UK, Spain and Mexico.

The company has proposed to utilise the IPO proceeds for repayment of loan facilities, buying machinery, and for working capital requirements.

The company has proposed to use ₹15 crore of the proceeds for repayment in full or in part, of certain outstanding borrowings. The company will use ₹18.63 crore for capital expenditure towards installation of additional plant and machinery. It will use ₹25.20 crore to meet working capital requirements and the rest for General Corporate Purpose.